Deterioration in Operating Cash Flow Due to Increases in Trade Receivables and Inventories
First written in FY2019-Q2. . Latest entry: 2026-06-15.
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- 2026-06-15OtherEarnings
「Cash used in operating activities was ¥374.765 million, compared with ¥293.685 million used in the same period of the previous year.」
Cash used in operating activities increased from the same period of the previous year, mainly due to increases in trade receivables and inventories. - FY2026-H1Deterioration in operating cash flow and improvement in investing cash flowAnnual report
「The decrease in cash from operating activities was ¥374.765 million (compared with ¥293.685 million used in the same period of the previous year). This was mainly due to an interim net loss before income taxes and other adjustments of ¥6.426 million, depreciation and amortization of ¥148.781 million, an increase in trade receivables of ¥777.902 million, an increase in inventories of ¥276.214 million, an increase in trade payables of ¥425.070 million, an increase in other accounts payable of ¥141.001 million, and grants received of ¥34.283 million, among other factors. / The increase in cash from investing activities was ¥109.013 million (compared with ¥280.812 million used in the same period of the previous year).」
Cash used in operating activities increased from ¥293.685 million to ¥374.765 million. Meanwhile, investing activities shifted from cash usage of ¥280.812 million to cash inflow of ¥109.013 million, mainly due to proceeds from the acquisition of shares in a subsidiary. - FY2025Improved operating cash flow and deterioration in investment spendingAnnual report
「The increase in cash from operating activities during the consolidated fiscal year was ¥329.887 million (compared with ¥111.461 million in cash inflow in the previous consolidated fiscal year). The decrease in cash from investing activities was ¥573.568 million (compared with ¥241.486 million in cash used in the previous consolidated fiscal year).」
Operating cash flow improved, while investment spending increased due to the acquisition of property, plant and equipment, including at Tsurusawa Farm. - FY2025-H1Improved operating cash flow and deterioration in investment spendingAnnual report
「Cash used in operating activities was ¥293.685 million (compared with ¥452.786 million used in the same period of the previous year). … Cash used in investing activities was ¥280.812 million (compared with ¥81.023 million used in the same period of the previous year).」
Cash used in operating activities decreased, while cash used in investing activities increased mainly due to the acquisition of property, plant and equipment. - FY2024-Q2Deterioration in operating and investing cash flowsAnnual report
「The decrease in cash from operating activities was ¥452.786 million (compared with ¥376.640 million used in the same quarter of the previous year). This was mainly due to a quarterly net loss before income taxes and other adjustments of ¥11.134 million, depreciation and amortization of ¥127.796 million, an increase in trade receivables of ¥753.069 million, an increase in inventories of ¥184.443 million, an increase in trade payables of ¥325.308 million, and an increase in other accounts payable of ¥169.197 million, among other factors. / The decrease in cash from investing activities was ¥81.023 million (compared with ¥43.073 million used in the same quarter of the previous year).」
Cash used in operating activities increased from ¥376.640 million to ¥452.786 million, while cash used in investing activities increased from ¥43.073 million to ¥81.023 million. Increases in trade receivables and inventories were the main uses of operating cash flow. - FY2023Lower operating cash flow and reduced investment spendingAnnual report
「The increase in cash from operating activities during the consolidated fiscal year was ¥177.468 million (compared with ¥344.562 million in cash inflow in the previous consolidated fiscal year). The decrease in cash from investing activities was ¥83.260 million (compared with ¥467.486 million in cash used in the previous consolidated fiscal year).」
Operating cash flow decreased from ¥344.562 million to ¥177.468 million, while cash used in investing activities decreased from ¥467.486 million to ¥83.260 million. - FY2023-Q2Increased operating cash outflows and reduced investment outflowsAnnual report
「Net cash used in operating activities was ¥376.640 million (compared with ¥211.952 million used in the same quarter of the previous year). This was mainly due to changes in trade receivables of ¥576.479 million, changes in inventories of ¥178.090 million, a quarterly net loss before income taxes and other adjustments of ¥61.569 million, depreciation and amortization of ¥137.849 million, changes in trade payables of ¥135.021 million, and changes in other accounts payable of ¥199.375 million, among other factors.」
Cash used in operating activities increased from the same quarter of the previous year, with increases in trade receivables and inventories being the main uses of cash. Meanwhile, cash used in investing activities decreased from ¥433.951 million to ¥43.073 million. - FY2022Decrease in operating cash flow and continued investment spendingAnnual report
「The increase in funds from operating activities during the current consolidated fiscal year was ¥344.562 million (¥481.540 million provided in the previous consolidated fiscal year). The decrease in funds from investing activities was ¥467.486 million (an outflow of ¥523.091 million in the previous consolidated fiscal year).」
Operating cash flow decreased from ¥481.540 million to ¥344.562 million. Although investment outflows decreased, outflows of ¥467.486 million continued, mainly for the acquisition of property, plant and equipment. - FY2022-Q2Improvement in operating and investing cash flows, but outflows continuedAnnual report
「Net cash used in operating activities was ¥211.952 million (an outflow of ¥348.200 million in the same quarter of the previous year). … Net cash used in investing activities was ¥433.951 million (an outflow of ¥490.359 million in the same quarter of the previous year).」
Cash outflows from operating activities decreased from ¥348.200 million to ¥211.952 million, while cash outflows from investing activities decreased from ¥490.359 million to ¥433.951 million, although outflows continued in both categories. - FY2021Improvement in operating cash flow and continued investment spendingAnnual report
「Net cash provided by operating activities was ¥481.540 million (¥311.441 million provided in the previous consolidated fiscal year). … Net cash used in investing activities was ¥523.091 million (an outflow of ¥605.584 million in the previous consolidated fiscal year).」
Operating cash flow improved from ¥311.441 million to ¥481.540 million, and although investment outflows decreased, investment spending of ¥523.091 million continued, mainly for the acquisition of property, plant and equipment. - FY2021-Q2Deterioration in operating and investing cash flowsAnnual report
「Net cash used in operating activities was ¥348.200 million (an outflow of ¥296.634 million in the same quarter of the previous year). This was mainly due to a decrease in trade receivables of ¥405.195 million, an increase in inventories of ¥143.047 million, a decrease in subsidy income of ¥253.125 million, quarterly income before income taxes of ¥107.934 million, depreciation and amortization of ¥114.685 million, and an increase in accounts payable of ¥81.816 million, among other factors.」
Cash outflows from operating activities increased from the same quarter of the previous year. Net cash used in investing activities also deteriorated to ¥490.359 million, mainly due to the acquisition of property, plant and equipment. - FY2020-Q2Deterioration in operating and investing cash flowsAnnual report
「Net cash used in operating activities was ¥296.634 million (an outflow of ¥169.002 million in the same quarter of the previous year). This was mainly due to a quarterly loss before income taxes of ¥119.439 million, a decrease in trade receivables of ¥465.328 million, an increase in inventories of ¥160.302 million, an increase in trade payables of ¥260.803 million, an increase in accounts payable of ¥155.325 million, and depreciation and amortization of ¥90.325 million, among other factors.」
Cash outflows from operating activities increased from the same quarter of the previous year. Increases in trade receivables and inventories were identified as the main sources of cash outflows, and cash outflows from investing activities also increased to ¥395.340 million. - FY2019Improvement in operating cash flowAnnual report
「Net cash provided by operating activities was ¥257.081 million (¥157.830 million provided in the previous consolidated fiscal year).」
Operating cash flow improved from ¥157.830 million to ¥257.081 million. Notes and accounts receivable decreased and collection of receivables through electronically recorded monetary claims began, while inventories increased. - FY2019-Q2First statedAnnual report
「Net cash used in operating activities was ¥169.002 million (an outflow of ¥121.027 million in the same quarter of the previous year). This was mainly due to a quarterly loss before income taxes of ¥60.730 million, a decrease in trade receivables of ¥428.263 million, an increase in inventories of ¥146.423 million, an increase in trade payables of ¥254.014 million, an increase in accounts payable of ¥159.661 million, and depreciation and amortization of ¥85.508 million, among other factors.」
Cash outflows from operating activities increased from ¥121.027 million in the same quarter of the previous year to ¥169.002 million, with increases in trade receivables and inventories identified as the main factors.