Change in Inventory Valuation Method Following Rebuild of Inventory Management System
First written in FY2023-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Effective from the beginning of the current consolidated fiscal year, we changed to the cost method based on the moving-average method…… This change was made to produce more appropriate periodic profit and loss calculations following the rebuilding of the inventory management system. As a result, the cumulative effect was reflected in net assets at the beginning of the current consolidated fiscal year, reducing the beginning balance of retained earnings by ¥11.209 million.」
The change in the inventory valuation method prompted by the rebuilding of the inventory management system and the ¥11.209 million decrease in the beginning balance of retained earnings were restated in the annual disclosure. - FY2023-Q3RestatedAnnual report
「Some consolidated subsidiaries had previously used the specific identification method of determining the cost of the latest purchase for valuing merchandise, with the balance sheet amount calculated using the method of writing down the book value based on declining profitability. From the first quarter of the consolidated fiscal year, they changed to the cost method based on the moving-average method, with the balance sheet amount calculated using the method of writing down the book value based on declining profitability. The change was made to achieve more appropriate periodic profit and loss calculations in connection with the reconstruction of the inventory management system. As a result, the cumulative effect of the change was reflected in net assets at the beginning of the first quarter, reducing the beginning balance of retained earnings by ¥11 million.」
The change in the inventory valuation method prompted by the rebuilding of the inventory management system and the resulting ¥11 million decrease in the beginning balance of retained earnings were restated. - FY2023-Q2RestatedAnnual report
「Some consolidated subsidiaries had previously used the specific identification method of determining the cost of the latest purchase for valuing merchandise, with the balance sheet amount calculated using the method of writing down the book value based on declining profitability. From the first quarter of the consolidated fiscal year, they changed to the cost method based on the moving-average method, with the balance sheet amount calculated using the method of writing down the book value based on declining profitability. The change was made to achieve more appropriate periodic profit and loss calculations in connection with the reconstruction of the inventory management system. As a result, the cumulative effect of the change was reflected in net assets at the beginning of the first quarter, reducing the beginning balance of retained earnings by ¥11 million.」
The change in the inventory valuation method prompted by the rebuilding of the inventory management system was restated. The impact on the beginning balance of retained earnings was ¥11 million, while the impact on the quarterly consolidated financial statements was deemed immaterial. - FY2023-Q1First statedAnnual report
「Some consolidated subsidiaries had previously used the specific identification method of determining the cost of the latest purchase for valuing merchandise, with the balance sheet amount calculated using the method of writing down the book value based on declining profitability. From the first quarter of the current consolidated fiscal year, they changed to the cost method based on the moving-average method, with the balance sheet amount calculated using the method of writing down the book value based on declining profitability. The change was made to achieve more appropriate periodic profit and loss calculations in connection with the reconstruction of the inventory management system.」
Some consolidated subsidiaries changed their merchandise valuation method from the specific identification method of determining the cost of the latest purchase to the cost method based on the moving-average method. In connection with the reconstruction of the inventory management system, the beginning balance of retained earnings decreased by ¥11 million, but the company stated that the impact on the quarterly consolidated financial statements was immaterial.