Change in the Inventory Valuation Method for Retail Products to the Weighted-Average Cost Method
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
5 other companies' latest entry also says "Achieved".
- FY2024AchievedAnnual report
「For merchandise in the retail business, the Company uses the cost method based on the weighted-average method, with inventory write-downs for declines in profitability.」
The change in the valuation method for retail merchandise prompted by the absorption of ビバホーム has continued to be applied as an accounting policy for the current fiscal year. - FY2023-Q3First statedAnnual report
「From the third quarter of the current consolidated fiscal year, the Company changed the valuation method for merchandise in its retail business from the cost method using the retail inventory method (with inventory write-downs for declines in profitability) to the cost method using the weighted-average method (with inventory write-downs for declines in profitability). This change followed system modifications made for inventory valuation, prompted by the Company’s absorption of its consolidated subsidiary 株式会社ビバホーム on 1 September 2022, with the aim of standardizing profit management for merchandise in the retail business and achieving more precise measurement of periodic profit and loss.」
Following the absorption of ビバホーム, the merchandise valuation method for the retail business was changed from the retail inventory method to the weighted-average method. The valuation system was modified to standardize profit management and achieve more precise measurement of periodic profit and loss.