Risk of higher inventory and storage costs
First written in FY2025. 4 of 6 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-11-12.
Kawai Musical Instruments Manufacturing moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 15 of 45 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026WorsenedAnnual report
「Merchandise and finished goods 11,324 12,526」
The balance of merchandise and finished goods increased from ¥11,324 million at the end of the previous fiscal year to ¥12,526 million, indicating that the risk of higher inventory levels continued to materialize for the full fiscal year. - 2026-05-14MaterialisedRevisions to earnings forecasts
「商品及び製品 11,324 12,526」
商品及び製品残高が前連結会計年度末の11,324百万円から12,526百万円へ増加し、在庫増大リスクが通期残高にも現れた。 - FY2026-H1MaterialisedAnnual report
「Merchandise and finished goods 11,324 12,027 Change in inventories (△ indicates an increase) △ 172 △ 936」
The balance of merchandise and finished goods increased from ¥11,324 million at the end of the previous consolidated fiscal year to ¥12,027 million, resulting in a ¥936 million decrease in cash from operating activities due to the increase in inventories. - FY2025First statedAnnual report
「The Group holds inventory to maximize production efficiency and sales opportunities. However, market trends may lead to higher inventory levels and storage costs, which could affect the Group’s business performance.」
The Group separately identified for the first time higher inventory and storage costs resulting from market trends as a major risk, and also presented a management policy based on monitoring the balance between demand and supply.