Excess inventory and inventory valuation losses
First written in FY2020. 8 of 20 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
Crossfor moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2018: 11 of 37 companies on the "Worse" side.
41 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Inventories increased by ¥248.034 million from the previous consolidated fiscal year to ¥2,369.046 million.」
Inventories increased from ¥2,121.012 million in the previous period to ¥2,369.046 million. Inventory write-downs also increased from ¥42.475 million to ¥50.898 million, expanding inventory exposure and valuation risk. - FY2026-H1WorsenedAnnual report
「Increase in inventories ¥461.129 million」
Inventories increased by ¥461.129 million during the current interim consolidated fiscal period, reducing cash flow from operating activities. Merchandise and finished goods decreased from the previous fiscal year-end, while work in process and raw materials and supplies increased, expanding inventory exposure. - FY2025WorsenedAnnual report
「Inventories increased by ¥136.260 million from the previous consolidated fiscal year to ¥2,121.012 million.」
Inventories increased from ¥1,984.752 million in the previous period to ¥2,121.012 million, an increase of ¥136.260 million. The company holds the inventory needed to accommodate order lots from major overseas brands, while the need to further improve inventory management was identified. - FY2025-H1MitigatedAnnual report
「This was mainly because, despite positive factors including depreciation of ¥56.729 million, a decrease of ¥109.925 million in inventories and an increase of ¥56.752 million in consumption taxes payable or receivable, there were negative factors including an increase of ¥89.812 million in trade receivables.」
Inventories decreased by ¥109.925 million in cash flow terms, while merchandise and finished goods decreased by ¥52.333 million and work in process by ¥60.864 million on the balance sheet. Inventory exposure moved lower. - FY2024MitigatedAnnual report
「Inventories decreased by ¥317.875 million from the previous consolidated fiscal year to ¥1,984.752 million.」
Inventories decreased by ¥317.875 million year on year to ¥1,984.752 million. Inventory write-downs included in cost of sales also decreased from ¥82.174 million to ¥57.672 million. - FY2024-Q3Decrease in finished goods inventory and increase in work in process and other inventoriesAnnual report
「Merchandise and finished goods ¥1,336.646 million ¥1,025.296 million Work in process ¥264.820 million ¥372.121 million Raw materials and supplies ¥701.161 million ¥755.121 million」
Merchandise and finished goods decreased by ¥311.350 million from the end of the previous consolidated fiscal year, while work in process increased by ¥107.301 million and raw materials and supplies by ¥53.960 million. Total inventories decreased, although some components increased. - FY2024-Q2MitigatedAnnual report
「This was mainly due to decreases of ¥192.178 million in merchandise and finished goods and ¥50.041 million in property, plant and equipment, despite increases of ¥25.395 million in cash and deposits and ¥27.121 million in notes and accounts receivable.」
Merchandise and finished goods decreased by ¥192.178 million from the end of the previous consolidated fiscal year, reducing the inventory exposure that had expanded through the previous period. - FY2024-Q1WorsenedAnnual report
「This was mainly due to increases of ¥30.983 million in merchandise and finished goods, ¥26.611 million in work in process, and ¥30.923 million in raw materials and supplies, as well as a decrease of ¥31.456 million in the allowance for doubtful accounts and a decrease of ¥33.936 million in cash and deposits.」
Merchandise and finished goods, work in process, raw materials and supplies increased by a total of ¥88.517 million, expanding inventory exposure on a quarterly basis. No new inventory write-down was disclosed. - FY2023MaterialisedAnnual report
「Ordinary loss was ¥224.159 million, mainly due to the recognition at period-end of an inventory write-down of ¥20.478 million for chemicals following the discontinuation of sales of the product antibacterial service.」
Regarding inventory risk, a ¥20.478 million write-down was recognised for chemicals following the discontinuation of sales of the product antibacterial service. In addition, inventory write-downs included in cost of sales amounted to ¥82.174 million, indicating that the impact on inventory valuation had materialised. - FY2023-Q3WorsenedAnnual report
「This was mainly due to increases of ¥216.428 million in merchandise and finished goods and ¥165.532 million in work in process, and a decrease of ¥298.034 million in cash and deposits, among other factors.」
Merchandise and finished goods and work in process increased by ¥216.428 million and ¥165.532 million, respectively, expanding inventory exposure. - FY2023-Q2WorsenedAnnual report
「This was mainly because, despite positive factors including an increase of ¥106.3 million in trade receivables, there were negative factors including a pretax quarterly net loss of ¥111 million and an increase of ¥284 million in inventories.」
Inventories increased by ¥284 million and were a factor reducing cash flow from operating activities. No new inventory write-down was disclosed, but inventory exposure expanded. - FY2023-Q1Change in valuation method accompanying the reconstruction of the core business systemAnnual report
「The company had previously primarily used the cost method based on the weighted-average cost method to value its products, work in process and raw materials, but changed to the cost method based on the moving-average method from the beginning of the first quarter of the current consolidated fiscal year. This change was made following the reconstruction of the core business system, with the aim of calculating profit and loss for each period more promptly and appropriately.」
Prompted by the reconstruction of the core business system, the company changed its valuation method for products, work in process and raw materials from the weighted-average method to the moving-average method. The impact was immaterial, and no retrospective application was made. - FY2022Increase in inventories and update to the annual inventory write-downAnnual report
「Inventory write-down included in cost of sales ¥30.130 million」
The inventory write-down decreased from ¥51.395 million in the previous period to ¥30.130 million, while finished goods increased to ¥1,039.520 million and raw materials and supplies to ¥723.590 million. - FY2021Annual Update of the ImpactAnnual report
「As a result of this change, compared with the previous method, finished goods at the end of the current consolidated fiscal year decreased by ¥8.519 million and raw materials and supplies decreased by ¥14.068 million. Operating loss, ordinary loss and pretax net loss each increased by ¥22.587 million.」
The impact of changing the inventory valuation method to the direct write-down method was finalised and updated, including the decrease in inventory and the impact on each loss at the fiscal year-end. - FY2021-Q3Update to the impact of the change in inventory valuation methodAnnual report
「As a result of this change, compared with the previous method, finished goods at the end of the third quarter of the current consolidated fiscal year decreased by ¥12.998 million and raw materials and supplies decreased by ¥10.697 million. Operating loss, ordinary loss and pretax quarterly net loss each increased by ¥23.695 million.」
For the inventory valuation method changed from FY2021-Q1, the decreases in finished goods, raw materials and other items and their impact on each loss as of the end of the third quarter were updated. - FY2021-Q2Update to the impact of the change in inventory valuation methodAnnual report
「As a result of this change, compared with the previous method, finished goods at the end of the second quarter of the current consolidated fiscal year decreased by ¥10.148 million and raw materials and supplies decreased by ¥15.251 million. Operating loss, ordinary loss and pretax quarterly net loss each increased by ¥25.399 million.」
For the inventory valuation method changed from FY2021-Q1, the decreases in inventory and the increases in losses as of the end of the second quarter were updated. - FY2021-Q1Change in inventory valuation methodAnnual report
「From the first quarter of the current consolidated fiscal year, the company changed to the direct write-down method. This change followed a review of the inventory valuation method from the perspective of appropriate inventory valuation, taking into account changes in the business environment and the level of inventory balances, prompted by a review of the inventory management system.」
Prompted by a review of the inventory management system, the company changed its inventory valuation method from the reversal method to the direct write-down method. As a result, merchandise and finished goods decreased by ¥2.888 million and raw materials and supplies by ¥5.230 million, while operating loss, ordinary loss and pretax quarterly net loss each increased by ¥8.118 million. - FY2020First statedAnnual report
「For inventories that have fallen outside the normal operating cycle due to stagnation or other factors, we appropriately reflect the decline in profitability on the balance sheet by reducing their carrying value to the estimated disposal value, which reflects market prices for precious metals and other factors.」
The company separately disclosed the possibility of inventory write-downs due to stagnant inventory and changes in market conditions and sales prospects, and recognised an inventory write-down of ¥4.748 million in cost of sales for the period.