Avix (7836) · FactRestated
Inventory write-downs associated with the withdrawal from domestic manufacturing
First written in FY2017-Q3. 1 of 2 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「The write-downs in the carrying amount of inventories held for ordinary sale due to lower profitability are as follows: inventory write-down of ¥21.992 million for the consolidated fiscal year. This resulted from the withdrawal from domestic manufacturing of some products in the digital signage-related business.」
Inventory write-downs associated with the withdrawal from domestic manufacturing were also disclosed for the full fiscal year. - FY2017-Q3First statedAnnual report
「We decided to withdraw from domestic manufacturing of some of our products. As a result, we recorded an inventory write-down of ¥38.553 million for raw materials and products required for domestic manufacturing as an extraordinary loss.」
The disclosure states that, following the partial withdrawal from domestic manufacturing, inventory write-downs for raw materials and products were recorded as an extraordinary loss. The quarterly income statement, however, states the extraordinary loss as ¥38.533 million.