Change in the valuation method for raw materials and supplies to the FIFO method
First written in FY2023-Q1. 3 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「As a result, compared with the previous method, inventories at the end of the current consolidated fiscal year decreased by ¥1,439 million, while cost of sales for the fiscal year increased by the same amount. Consequently, operating income, ordinary income and income before income taxes each decreased by the same amount.」
Changed the valuation method for raw materials and supplies to the FIFO method, resulting in a ¥1,439 million decrease in inventories and each profit measure at year-end compared with the previous method. - FY2023-Q3AdvancedAnnual report
「As a result, compared with the previous method, inventories at the end of the third quarter of the current consolidated fiscal year decreased by ¥1,544 million, while cost of sales for the nine months ended the third quarter increased by the same amount. Consequently, operating income, ordinary income and income before income taxes each decreased by the same amount.」
Continued applying the change to the FIFO valuation method and disclosed that, compared with the previous method, inventories at the end of the third quarter and each profit measure for the nine-month period decreased by ¥1,544 million. - FY2023-Q2AdvancedAnnual report
「As a result, compared with the previous method, inventories at the end of the second quarter of the current consolidated fiscal year decreased by ¥1,387 million, while cost of sales for the six months ended the second quarter increased by the same amount. Consequently, operating income, ordinary income and income before income taxes each decreased by the same amount.」
Continued applying the change to the FIFO valuation method and disclosed that, compared with the previous method, inventories at the end of the second quarter and each profit measure for the six-month period decreased by ¥1,387 million. - FY2023-Q1First statedAnnual report
「The group had mainly used the cost method based on the moving-average method to value raw materials and supplies included in inventories. However, the Company and certain consolidated subsidiaries changed to the cost method based on the first-in, first-out method from the first quarter of the current consolidated fiscal year. This change was prompted by a change in the core system, following a determination that valuing inventories using the first-in, first-out method would provide a more appropriate valuation of inventories and calculation of profit or loss for each period.」
Prompted by a change in the core system, the Company and certain consolidated subsidiaries changed the valuation method for raw materials and supplies from the moving-average method to the first-in, first-out method. As a result, inventories and operating income and other items increased by ¥3,455 million.