Establishment of Inventory Valuation Data Through Food Business System Integration
First written in FY2021-Q1. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「System integration is also scheduled for 2023. We will pursue more efficient approaches in product and operational workflows currently under development, raise productivity alongside investment in personnel, and establish a foundation for growth.」
Specific plans were presented for system integration accompanying the merger of Izumiya and Hankyu Oasis, as well as for greater efficiency in product and operational workflows. - FY2023-Q1AdvancedAnnual report
「Certain consolidated subsidiaries had previously used the cost method under the retail method, with book values written down based on declines in profitability, to value merchandise. As system modifications aimed at improving inventory management accuracy and operating efficiency made the data required for the calculation available, the valuation method was changed to the lower-of-cost-or-market method using the retail method from the first quarter of the current consolidated fiscal year.」
Against the backdrop of improved inventory management accuracy and operating efficiency through system modifications, certain subsidiaries changed their inventory valuation method from the first quarter, reducing retained earnings at the beginning of the fiscal year by ¥127 million. - FY2021AdvancedAnnual report
「As the data required for the calculation became available following the integration of the food business systems, the Company changed its inventory valuation method to the lower-of-cost-or-market method using the retail method from the beginning of the current consolidated fiscal year.」
The food business system integration made it possible to obtain the required data, and the inventory valuation method was changed to the lower-of-cost-or-market method using the retail method. The change reduced retained earnings at the beginning of the fiscal year by ¥308 million. - FY2021-Q1First statedAnnual report
「As the data required for the calculation became available following the integration of the food business systems, the Company changed its inventory valuation method to the lower-of-cost-or-market method using the retail method from the first quarter of the current consolidated fiscal year.」
The food business system integration made it possible to obtain the data required for inventory valuation, and the inventory valuation method was changed.