Change to the Specific Identification Method for Inventory Valuation Following a Core-System Change
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: 2026-05-01.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- 2026-05-01RestatedGeneral Meetings of Shareholders
「The Company and its domestic consolidated subsidiaries principally use the specific identification method under the cost method, with balance-sheet values calculated by writing down book values based on declining profitability. Overseas consolidated subsidiaries principally use the monthly moving-average method under the cost method, with balance-sheet values calculated by writing down book values based on declining profitability.」
The accounting policy for inventory valuation remains the specific identification method for domestic companies and the monthly moving-average method for overseas consolidated subsidiaries. - FY2025First statedAnnual report
「Previously, the Company and its domestic consolidated subsidiaries principally used the cost method based on FIFO to value inventories, but from the current consolidated fiscal year they have principally changed to the cost method based on the specific-identification method. This change in valuation method was made following a change in the core system, with the aim of improving the appropriateness of inventory valuation and the calculation of periodic profit and loss.」
The inventory valuation method changed from FIFO to the specific-identification method. The change was prompted by a change in the core system and was intended to improve the appropriateness of valuation and periodic profit and loss calculations. The impact was immaterial, and the change was not applied retrospectively.