Inventory Valuation Losses Due to Stagnant Inventory and Declines in Selling Prices
First written in FY2019. 2 of 7 entries say "Restated". Latest entry: FY2026.
Menicon moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The reduction in the carrying value of inventories held for ordinary sales due to lower profitability was ¥266 million in cost of sales.」
The reduction in the carrying value of inventories due to lower profitability was ¥266 million, up from the previous fiscal year's total of ¥252 million. - FY2025WorsenedAnnual report
「The reduction in the carrying value of inventories held for ordinary sales due to lower profitability was ¥193 million in cost of sales and ¥58 million in extraordinary losses (business restructuring expenses), for a total of ¥252 million.」
The reduction in the carrying value of inventories due to lower profitability totaled ¥252 million, up from ¥124 million in the previous fiscal year. - FY2024Reduction in Inventory Write-DownsAnnual report
「Ending inventory is stated at the amount after the carrying value was written down due to lower profitability, and the following inventory write-down is included in cost of sales: ¥124 million」
The inventory write-down was ¥124 million, down from ¥139 million in the previous fiscal year, although the risk of declining inventory profitability continued to be reflected in results. - FY2023MaterialisedAnnual report
「Ending inventory is stated at the amount after the carrying value was written down due to lower profitability, and the following inventory write-down is included in cost of sales: ¥139 million」
An inventory write-down of ¥139 million due to slow-moving inventory and declining selling prices was actually recorded for the current fiscal year. - FY2022RestatedAnnual report
「To reduce these risks, the Group is working to maintain appropriate inventory levels by improving the accuracy of its sales plans and producing in line with those plans.」
The Group continues to coordinate its sales and production plans in response to the risk of slow-moving inventory and write-downs for products with expiration dates. - FY2021RestatedAnnual report
「If the Group holds slow-moving inventory due to reasons such as a sudden change in market conditions or a discrepancy in expected sales, or if selling prices fall significantly, it will be required to record inventory write-downs, which may affect the Group's financial position and operating results.」
The risk of write-downs due to slow-moving inventory and declining selling prices for products with expiration dates continues to be disclosed. - FY2019First statedAnnual report
「If the Group holds slow-moving inventory due to reasons such as a sudden change in market conditions or a discrepancy in expected sales, or if selling prices fall significantly, it will be required to record inventory write-downs, which may affect the Group's financial position and operating results.」
The risk of inventory write-downs due to slow-moving inventory and declining selling prices, against the backdrop of product expiration dates and changes in market conditions, has newly been identified.