Estimation risk in inventory valuation arising from changes in market conditions
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Regular write-downs to the carrying value are based on sales and disposal results. However, if significant changes in the market environment cause the Company’s inventory holdings to diverge from past results, the amount of inventories in the financial statements for the following fiscal year may be materially affected.」
The Company continues to disclose inventory valuation based on sales and disposal results, as well as the potential impact of changes in the market environment on valuation. - FY2023First statedAnnual report
「Regular write-downs to the carrying value are based on sales and disposal results. However, if significant changes in the market environment cause the Company’s inventory holdings to diverge from past results, the amount of inventories in the financial statements for the following fiscal year may be materially affected.」
For inventories, the Company disclosed the valuation method based on net realisable value, the period inventories remain unsold, and the expected disposal value, as well as the potential impact of changes in the market environment on valuation, as an independent significant accounting estimate.