Change in Inventory Valuation Criteria
First written in FY2020-Q1. 4 of 9 entries say "Restated". Latest entry: FY2026.
6 other companies' latest entry also says "Other".
- FY2026Inventory Write-Down ReversedAnnual report
「The carrying amount write-down for inventories held for ordinary sales purposes due to declining profitability (△ indicates a reversal) was as follows: cost of sales, ¥1 million and △¥0 million.」
The carrying amount write-down for inventories due to declining profitability changed from ¥1 million in the previous fiscal year to a reversal of ¥0 million in the current fiscal year. - FY2025Inventory Write-Down DecreasedAnnual report
「Write-downs of the carrying amount of inventories held for ordinary sales purposes due to declining profitability (a minus sign indicates a reversal) were as follows: Cost of sales: ¥29 million; ¥1 million.」
The carrying amount write-down for inventories due to declining profitability decreased from ¥29 million in the previous fiscal year to ¥1 million in the current fiscal year. - FY2024Inventory Write-Down DecreasedAnnual report
「Write-downs of the carrying amount of inventories held for ordinary sale due to declining profitability (△ indicates a reversal) were as follows: Cost of sales ¥47 million; ¥29 million.」
The inventory write-down due to declining profitability was ¥29 million, down from ¥47 million in the previous fiscal year. - FY2023Inventory Write-Down IncreasedAnnual report
「Write-downs of the carrying amount of inventories held for ordinary sale due to declining profitability (△ indicates a reversal) were as follows: Cost of sales ¥47 million.」
The write-down of inventory carrying amounts due to declining profitability was ¥47 million, up from ¥35 million in the previous fiscal year. - FY2022RestatedAnnual report
「We value inventories at the lower of cost or net realizable value at the end of the consolidated fiscal year. However, for slow-moving inventories that have remained in stock beyond a specified period and fallen outside the normal operating cycle, we use a method of systematically writing down their carrying amount.」
We continued to apply an inventory valuation method that includes write-downs of carrying amounts based on declining profitability. Current-year inventories amounted to ¥4,276 million, and the write-down was ¥35 million. - FY2020RestatedAnnual report
「Regarding the inventory valuation policy, inventories whose age exceeds a specified period are generally written down systematically at a specified rate, with the resulting amount used as their balance-sheet value. To reflect more appropriately in the financial position and operating results the decline in profitability of inventories, we changed the specified rate used to write down their carrying amount from the current consolidated fiscal year. As a result, compared with the previous method, cost of sales for the current consolidated fiscal year decreased by ¥193 million, while operating income, ordinary income and pretax net income each increased by ¥193 million.」
The revised inventory valuation policy introduced in the current fiscal year continued to apply, and the full-year disclosure reported an impact of ¥193 million each on cost of sales, operating income, ordinary income and pretax net income. - FY2020-Q3RestatedAnnual report
「Regarding the inventory valuation policy, inventories whose age exceeds a specified period are generally written down systematically at a specified rate, with the resulting amount used as their balance-sheet value. To reflect more appropriately in the financial position and operating results the decline in profitability of inventories, we changed the specified rate used to write down their carrying amount from the first-quarter consolidated accounting period. As a result, compared with the previous method, cost of sales for the cumulative third-quarter consolidated period decreased by ¥191 million, while operating income, ordinary income and pretax quarterly net income each increased by ¥191 million.」
The revised inventory valuation policy introduced in the first quarter continued to apply, and the cumulative third-quarter disclosure reported an impact of ¥191 million each on cost of sales, operating income, ordinary income and pretax quarterly net income. - FY2020-Q2RestatedAnnual report
「Regarding the inventory valuation policy, inventories whose age exceeds a specified period are generally written down systematically at a specified rate, with the resulting amount used as their balance-sheet value. To reflect more appropriately in the financial position and operating results the decline in profitability of inventories, we changed the specified rate used to write down their carrying amount from the first-quarter consolidated accounting period. As a result, compared with the previous method, cost of sales for the cumulative second-quarter consolidated period decreased by ¥177 million, while operating income, ordinary income and pretax quarterly net income each increased by ¥177 million.」
The revised inventory valuation policy introduced in the first quarter continued to apply, and in the cumulative second-quarter period, cost of sales and each of the listed profit measures increased by ¥177 million. - FY2020-Q1First statedAnnual report
「Regarding the inventory valuation policy, inventories whose age exceeds a specified period are generally written down systematically at a specified rate, with the resulting amount used as their balance-sheet value. To reflect more appropriately in the financial position and operating results the decline in profitability of inventories, we changed the specified rate used to write down their carrying amount from the current first-quarter consolidated accounting period. As a result, compared with the previous method, cost of sales for the cumulative first-quarter consolidated period decreased by ¥194 million, while operating income, ordinary income and pretax quarterly net income each increased by ¥194 million.」
From the current first-quarter consolidated accounting period, the rate used to write down the carrying amount of inventories was changed. Compared with the previous method, cost of sales, operating income, ordinary income and pretax quarterly net income were each affected by ¥194 million.