Change in the Inventory Valuation Method Prompted by the Development of a New Core System
First written in FY2024-Q1. 3 of 4 entries say "Restated". Latest entry: FY2025.
27 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Merchandise: cost method based on the monthly weighted-average method, with book values written down when profitability declines」
Continues to apply the inventory valuation method changed in connection with the development of the new core system. - FY2024RestatedAnnual report
「The Company had previously used the lower-of-cost-or-market method based on the retail method to value its inventories. From the beginning of the current consolidated fiscal year, it changed to the cost method based on the monthly weighted-average method, with book values written down when profitability declines.」
Continues to apply the change in the inventory valuation method prompted by the development of the new core system, and describes the impact as immaterial. - FY2024-Q2RestatedAnnual report
「The Company had previously used the lower-of-cost-or-market method based on the retail method to value its inventories. From the beginning of the current first quarter accounting period, it changed to the cost method based on the monthly weighted-average method, with book values written down when profitability declines.」
Continues to apply the change in the inventory valuation method prompted by the development of the new core system, and describes the impact as immaterial. - FY2024-Q1First statedAnnual report
「The Company had previously used the lower-of-cost-or-market method based on the retail method to value its inventories. From the beginning of the current first quarter accounting period, it changed to the cost method based on the monthly weighted-average method, with book values written down when profitability declines.」
Changed the inventory valuation method from the lower-of-cost-or-market method based on the retail method to the cost method based on the monthly weighted-average method. The change was prompted by the development of a new core system, and the impact is described as immaterial.