Avex (7860) · RiskMitigated
Provision for Valuation of Purchase Contracts Due to Declining Inventory Profitability
First written in FY2017-Q3. 1 of 3 entries say "Materialised", first in FY2017. Latest entry: FY2018-Q1.
3entries
1years
0from disclosures
How it moved
Same theme, other companies
Provision for purchase contract valuation arising from declining inventory profitabilityA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2018-Q1MitigatedAnnual report
「This was due to a ¥763 million decrease in the provision for valuation of purchase contracts.」
The provision for valuation of purchase contracts fell from ¥763 million at the end of the previous consolidated fiscal year to zero at the end of the current quarter, reducing the provision balance related to lower inventory profitability. - FY2017MaterialisedAnnual report
「Provision for valuation of purchase contracts 763」
A provision for valuation of purchase contracts of ¥763 million was recognized to provide for lower inventory profitability, indicating that the risk has materialized as a provision. - FY2017-Q3First statedAnnual report
「To provide for losses arising from lower inventory profitability, the company has recognized the estimated uncollectible amount for items covered by confirmed purchase contracts that have not yet been purchased.」
A provision for valuation of purchase contracts of ¥1,226 million was recognized in the consolidated third quarter, indicating that the risk of lower inventory profitability has materialized as a provision.