Operating Cash Flow Use Driven by Front-Loaded Costs on Uncompleted Construction Contracts
First written in FY2017-Q3. 5 of 24 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026.
Kudo moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 39 of 141 companies on the "Worse" side.
70 other companies' latest entry also says "Other".
- FY2026Full-year operating cash outflow narrowedAnnual report
「Cash used in operating activities amounted to ¥1,424 million (cash used of ¥2,138 million in the same period of the previous year). This was due primarily to cash inflows from pretax profit of ¥863 million, adjusted for ¥225 million in depreciation, offset by cash outflows including a ¥2,154 million increase in trade receivables and a ¥617 million decrease in trade payables.」
Cash used in operating activities decreased from ¥2,138 million in the previous year to ¥1,424 million, but cash continued to be used, mainly due to the increase in trade receivables. - 2026-08-10MitigatedEarnings
「Cash used in operating activities amounted to ¥1.366 billion, compared with ¥2.138 billion used in the same period of the previous fiscal year.」
営業活動による資金使用は継続したが、前期から使用額が縮小した。 - FY2026-H1Reduction in the amount of operating cash flow used in the first halfAnnual report
「Funds used in operating activities amounted to ¥353 million (¥2.608 billion used in the same period of the previous year). This reflected cash inflows from interim profit before income taxes of ¥587 million, adjusted for depreciation and amortisation and other items of ¥154 million, partly offset by an increase in trade receivables of ¥580 million and an increase in advances received on uncompleted construction contracts of ¥197 million, among other factors.」
Cash used in operating activities narrowed from ¥2.608 billion in the same period of the previous year to ¥353 million, but cash usage continued due to increases in trade receivables and advances received on uncompleted construction contracts, among other factors. - FY2025Full-year operating cash flow usedAnnual report
「Funds used in operating activities amounted to ¥2.138 billion. This reflected cash inflows from profit before income taxes of ¥681 million, adjusted for depreciation and amortisation of ¥287 million, partly offset by cash outflows from a ¥1.798 billion increase in trade receivables and a ¥1.085 billion decrease in advances received on uncompleted construction contracts, among other factors.」
Full-year operating cash flow involved the use of ¥2.138 billion, with increases in trade receivables and decreases in advances received on uncompleted construction contracts identified as the main cash outflow factors. - FY2025-H1WorsenedAnnual report
「Funds used in operating activities amounted to ¥2.608 billion. This reflected cash inflows from profit before income taxes, adjusted for depreciation and amortisation, among other items, partly offset by cash outflows from increases in trade receivables and expenditures for the real estate business, among other factors.」
Operating cash flow in the interim consolidated accounting period was ¥2.608 billion used. Cash usage replaced cash generation of ¥3.065 billion in FY2024, when viewed against the full year. However, a simple comparison is constrained by the transition to consolidated accounting. - FY2024AdvancedAnnual report
「Funds generated from operating activities amounted to ¥3.065 billion (¥294 million generated in the previous fiscal year). This reflected cash inflows from profit before income taxes of ¥351 million, adjusted for depreciation and amortisation of ¥266 million and other items, as well as cash inflows from a ¥1.287 billion decrease in trade receivables and a ¥1.067 billion increase in advances received on uncompleted construction contracts.」
Cash generated from operating activities increased sharply from ¥294 million in the previous fiscal year to ¥3.065 billion. - FY2024-Q2AdvancedAnnual report
「Funds generated from operating activities amounted to ¥157 million (¥93 million used in the same period of the previous year). This reflected cash inflows from quarterly profit before income taxes of ¥25 million, adjusted for depreciation and amortisation of ¥129 million and other items, as well as a ¥401 million increase in advances received on uncompleted construction contracts, partly offset by cash outflows from a ¥208 million increase in expenditures for the real estate business and other factors.」
Operating cash flow turned from ¥93 million used in the same period of the previous year to ¥157 million generated. The main factor generating cash was an increase in advances received on uncompleted construction contracts. - FY2023AdvancedAnnual report
「Funds generated from operating activities amounted to ¥294 million (¥1.099 billion used in the previous fiscal year). This reflected cash inflows from profit before income taxes of ¥266 million, adjusted for depreciation and amortisation of ¥318 million and other items, as well as a ¥346 million decrease in expenditures for the real estate business, partly offset by cash outflows from a ¥700 million increase in trade receivables and other factors.」
Operating cash flow turned from ¥1.099 billion used in the previous fiscal year to ¥294 million generated in the current fiscal year. - FY2023-Q2Operating cash outflow narrowedAnnual report
「Funds reduced through operating activities amounted to ¥93 million (¥662 million reduced in the same period of the previous year). The main factor increasing funds was a ¥156 million increase in depreciation and amortisation, while the main factor reducing funds was a ¥389 million increase in trade receivables.」
Cash used in operating activities narrowed from ¥662 million in the same period of the previous year to ¥93 million, but cash usage continued. - FY2022WorsenedAnnual report
「Funds used in operating activities amounted to ¥1.099 billion (¥1.742 billion generated in the same period of the previous year). The main factor reducing funds was a ¥1.527 billion increase in trade receivables, while the main factor increasing funds was a ¥233 million increase in trade payables.」
Operating cash flow turned from ¥1.742 billion generated in the previous year to ¥1.099 billion used. - FY2022-Q2Operating cash outflow narrowedAnnual report
「Funds reduced through operating activities amounted to ¥662 million (¥785 million reduced in the same period of the previous year). The main factor increasing funds was a ¥424 million increase in advances received on uncompleted construction contracts, while the main factor reducing funds was a ¥413 million decrease in trade payables.」
Cash used in operating activities narrowed from ¥785 million in the same period of the previous year to ¥662 million, but cash usage continued. - FY2021-Q2WorsenedAnnual report
「Funds used in operating activities amounted to ¥785 million (¥31 million generated in the same period of the previous year). The main factor increasing funds was a ¥358 million increase in advances received on uncompleted construction contracts, while the main factor reducing funds was a ¥747 million increase in trade receivables.」
Operating cash flow turned from ¥31 million generated in the same period of the previous year to ¥785 million used. The main factor reducing funds was a ¥747 million increase in trade receivables. - FY2020WorsenedAnnual report
「Funds used in operating activities amounted to ¥838 million (¥2.251 billion generated in the previous fiscal year). The main factors reducing funds were a ¥1.087 billion increase in trade receivables and a ¥351 million decrease in advances received on uncompleted construction contracts.」
Operating cash flow turned from ¥2.251 billion generated in the previous fiscal year to ¥838 million used in the current fiscal year. - FY2020-Q2WorsenedAnnual report
「Funds generated from operating activities amounted to ¥31 million (¥547 million generated in the same period of the previous year). The main factor increasing funds was a ¥1.012 billion increase in advances received on uncompleted construction contracts, while the main factor reducing funds was a ¥965 million increase in costs incurred on uncompleted construction contracts.」
Cash generated from operating activities fell sharply from ¥547 million in the same period of the previous year to ¥31 million. Although advances received on uncompleted construction contracts increased, the main factor reducing funds was an increase in costs incurred on uncompleted construction contracts. - FY2019AdvancedAnnual report
「Funds generated from operating activities amounted to ¥2.251 billion (¥506 million generated in the previous fiscal year). The main factors increasing funds were profit before income taxes of ¥1.050 billion and a ¥467 million decrease in costs incurred on uncompleted construction contracts.」
Cash generated from operating activities increased from ¥506 million in the previous year to ¥2.251 billion. - FY2019-Q3AdvancedAnnual report
「Funds generated from operating activities amounted to ¥1.022 billion (¥829 million used in the same period of the previous year). The main factor increasing funds was quarterly profit before income taxes of ¥842 million, while the main factor reducing funds was a ¥637 million increase in trade receivables.」
Operating cash flow turned from ¥829 million used in the same period of the previous year to ¥1.022 billion generated, also increasing from ¥547 million in the cumulative previous quarter. - FY2019-Q2RestatedAnnual report
「Funds generated from operating activities amounted to ¥547 million (¥308 million used in the same period of the previous year). The main factors increasing funds were quarterly profit before income taxes of ¥469 million and a ¥496 million increase in advances received on uncompleted construction contracts.」
Positive operating cash flow continued, with cash generation of ¥547 million compared with ¥308 million used in the same period of the previous year. - FY2019-Q1First-quarter operating cash flow turned positiveAnnual report
「Funds generated from operating activities amounted to ¥591 million (¥840 million used in the same period of the previous year). The main factors increasing funds were quarterly profit before income taxes of ¥177 million and a ¥139 million increase in advances received on uncompleted construction contracts.」
Operating activities generated ¥591 million in cash in the first quarter, compared with cash usage in the same period of the previous year. - FY2018Operating cash flow increasedAnnual report
「Funds generated from operating activities amounted to ¥506 million (¥331 million generated in the previous fiscal year). The main factor increasing funds was profit before income taxes of ¥666 million.」
Although cash was used in operating activities during the cumulative third quarter, the amount generated increased from ¥331 million to ¥506 million for the full year. - FY2018-Q3RestatedAnnual report
「Funds used in operating activities amounted to ¥829 million (¥840 million used in the same period of the previous year). The main factor increasing funds was a ¥1.120 billion increase in advances received on uncompleted construction contracts, while the main factor reducing funds was a ¥1.677 billion increase in trade receivables.」
The company continues to use cash in operating activities, primarily due to increases in trade receivables and other factors. - FY2018-Q2RestatedAnnual report
「Funds used in operating activities amounted to ¥308 million (¥293 million generated in the same period of the previous year). The main factor increasing funds was a ¥1.353 billion increase in advances received on uncompleted construction contracts, while the main factor reducing funds was a ¥1.027 billion increase in costs incurred on uncompleted construction contracts.」
The company continues to disclose cash usage in operating activities of ¥308 million, primarily due to an increase in costs incurred on uncompleted construction contracts. - FY2018-Q1Operating cash flow turned negative againAnnual report
「Funds used in operating activities amounted to ¥840 million (¥1.036 billion used in the cumulative first quarter of the previous fiscal year). The main factors increasing funds were a ¥749 million increase in advances received on uncompleted construction contracts, while the main factors reducing funds were a ¥657 million increase in costs incurred on uncompleted construction contracts and a ¥473 million increase in trade receivables.」
Although operating activities generated ¥331 million in cash in the previous fiscal year, ¥840 million was used in the first quarter due to increases in costs incurred on uncompleted construction contracts and trade receivables, among other factors. - FY2017Return to positive operating cash flowAnnual report
「Funds generated from operating activities amounted to ¥331 million (¥2.145 billion generated in the previous fiscal year). The main factor increasing funds was profit before income taxes of ¥720 million.」
Although cash was used in the cumulative third quarter, primarily due to an increase in costs incurred on uncompleted construction contracts, full-year operating activities generated ¥331 million in cash. - FY2017-Q3First statedAnnual report
「Funds used in operating activities amounted to ¥840 million (¥122 million used in the cumulative third quarter of the previous fiscal year). The main factor increasing funds was a ¥690 million increase in advances received on uncompleted construction contracts, while the main factor reducing funds was an ¥832 million increase in costs incurred on uncompleted construction contracts.」
Cash used in operating activities increased from ¥122 million in the same period of the previous year to ¥840 million, primarily due to an increase in costs incurred on uncompleted construction contracts.