Deterioration in Operating Cash Flow and Decline in Cash Balance Due to an Increase in Trade Receivables
First written in FY2017-Q2. 13 of 35 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
Santo moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 9 of 32 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Cash generated from operating activities was ¥1,468 million, compared with ¥79 million generated in the previous fiscal year. This was mainly due to a ¥590 million increase in advances received on construction contracts in progress.」
Cash generated from operating activities increased substantially from ¥79 million in the previous fiscal year to ¥1,468 million. Cash and cash equivalents also increased from ¥1,141 million to ¥2,362 million. - 2026-08-14MitigatedEarnings
「Cash provided by operating activities was ¥1,468 million, compared with ¥79 million provided in the previous fiscal year.」
Cash provided by operating activities increased substantially from the previous fiscal year, and cash and cash equivalents totaled ¥2,362 million. - FY2026-H1MitigatedAnnual report
「Cash generated from operating activities was ¥267 million, compared with ¥289 million used in the same period of the previous year. This was mainly due to an increase in trade payables.」
Operating cash flow changed from an outflow of ¥289 million in the same period of the previous year to an inflow of ¥267 million, while cash and cash equivalents also increased by ¥389 million. - FY2025MitigatedAnnual report
「Cash generated from operating activities was ¥79 million, compared with ¥499 million used in the previous fiscal year. This was mainly due to a ¥273 million increase in advances received on construction contracts in progress.」
Operating cash flow changed from an outflow of ¥499 million in the previous fiscal year to an inflow of ¥79 million. Meanwhile, accounts receivable for completed construction contracts increased by ¥612 million. - FY2025-H1The operating cash flow deficit narrowed despite an increase in trade receivablesAnnual report
「Cash used in operating activities was ¥289 million, compared with ¥944 million used in the same period of the previous year. This was mainly due to an increase in trade receivables.」
Trade receivables increased by ¥479 million and operating cash flow was an outflow, while the cash outflow narrowed from ¥944 million in the same period of the previous year to ¥289 million. - FY2024WorsenedAnnual report
「Cash used in operating activities was ¥499 million, compared with ¥296 million used in the previous fiscal year. This was mainly due to a ¥429 million decrease in advances received on construction contracts in progress.」
The operating cash outflow expanded from ¥296 million to ¥499 million. Cash and cash equivalents also decreased by ¥634 million to ¥1,294 million. - FY2024-Q3WorsenedAnnual report
「Current assets stood at ¥4,146 million at the end of the third quarter on a consolidated basis, an increase of ¥413 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥711 million increase in notes receivable, accounts receivable for completed construction contracts and other items.」
Notes receivable, accounts receivable for completed construction contracts and other items increased by ¥711 million, expanding the funding burden from the increase in trade receivables. Cash and deposits decreased from ¥2,224 million at the end of the previous consolidated fiscal year to ¥1,919 million. - FY2024-Q2WorsenedAnnual report
「Current assets stood at ¥4,153 million at the end of the second quarter on a consolidated basis, an increase of ¥420 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥926 million increase in notes receivable, accounts receivable for completed construction contracts and other items.」
Notes receivable, accounts receivable for completed construction contracts and other items increased by ¥926 million, while operating cash flow was an outflow of ¥944 million. The funding burden from the increase in trade receivables expanded. - FY2024-Q1Decrease in cash and current assetsAnnual report
「Current assets stood at ¥3,461 million at the end of the first quarter on a consolidated basis, a decrease of ¥271 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥316 million decrease in cash and deposits.」
The company disclosed that, at the end of the first quarter in the first year of consolidation, cash and deposits decreased by ¥316 million and current assets decreased by ¥271 million. - FY2023Disclosure of an operating cash flow deficit in the first year of consolidationAnnual report
「Cash used in operating activities was ¥296 million. This was mainly due to a ¥314 million decrease in trade payables.」
In the first year of consolidation, operating cash flow was an outflow of ¥296 million, mainly due to a ¥314 million decrease in trade payables. - FY2023-Q3Disclosure of the consolidated asset composition for the third quarterAnnual report
「Current assets stood at ¥4,114 million at the end of the third quarter on a consolidated basis. The main components were cash and deposits of ¥1,901 million and notes receivable, accounts receivable for completed construction contracts and other items of ¥1,921 million.」
The consolidated balances of current assets, cash and deposits, and notes receivable, accounts receivable for completed construction contracts and other items at the end of the third quarter were disclosed. - FY2023-Q2WorsenedAnnual report
「Cash used in operating activities was ¥915 million. This was mainly due to an increase in trade receivables.」
On a consolidated basis, operating cash flow was an outflow of ¥915 million, with the increase in trade receivables cited as the main factor. Cash and cash equivalents also decreased by ¥970 million during the cumulative quarterly period. - FY2023-Q1Disclosure of the asset composition for the first year of consolidationAnnual report
「Current assets stood at ¥3,610 million at the end of the first quarter on a consolidated basis. The main components were cash and deposits of ¥2,410 million and notes receivable, accounts receivable for completed construction contracts and other items of ¥972 million.」
As this was the first year of consolidation, no year-on-year comparison was provided, and the consolidated balances of cash and deposits and trade receivables were disclosed. - FY2022-Q3MitigatedAnnual report
「Current assets stood at ¥3,721 million at the end of the third quarter, a decrease of ¥90 million from the end of the previous fiscal year. This was mainly due to a ¥775 million decrease in notes receivable, accounts receivable for completed construction contracts and other items.」
Trade receivables decreased by ¥775 million, while cash and deposits increased from ¥1,581 million to ¥2,122 million. The funding burden from the increase in trade receivables is improving. - FY2022-Q2MitigatedAnnual report
「Cash generated from operating activities was ¥173 million, compared with ¥175 million generated in the same quarter of the previous year. This was mainly due to a decrease in trade receivables.」
Trade receivables decreased by ¥295 million, and operating cash flow was an inflow of ¥173 million. Cash and cash equivalents also increased by ¥274 million from the end of the previous fiscal year, indicating an improvement in the funding burden from the increase in trade receivables. - FY2022-Q1MitigatedAnnual report
「Current assets stood at ¥3,659 million at the end of the first quarter, a decrease of ¥152 million from the end of the previous fiscal year. This was mainly due to a ¥647 million decrease in notes receivable, accounts receivable for completed construction contracts and other items.」
Trade receivables decreased by ¥647 million, while cash and deposits increased from ¥1,581 million to ¥2,045 million. The funding burden from the increase in trade receivables is improving. - FY2021MitigatedAnnual report
「Cash generated from operating activities was ¥369 million, compared with ¥131 million generated in the previous fiscal year. This was mainly due to a ¥701 million increase in trade payables.」
Cash generated from operating activities increased from ¥131 million to ¥369 million, while cash and cash equivalents also increased by ¥330 million. Accounts receivable for completed construction contracts increased by ¥562 million. - FY2021-Q3Trade receivables increased, but cash and deposits also increased.Annual report
「Current assets stood at ¥4,253 million at the end of the third quarter, an increase of ¥1,305 million from the end of the previous fiscal year. This was mainly due to a ¥738 million increase in cash and deposits. Notes receivable, accounts receivable for completed construction contracts and other items 1,427,445 2,002,962」
Although notes receivable, accounts receivable for completed construction contracts and other items increased from the end of the previous fiscal year, cash and deposits increased by ¥738 million, and current assets increased by ¥1,305 million. No cash flow statement was prepared for the cumulative third quarter. - FY2021-Q2MitigatedAnnual report
「Cash generated from operating activities was ¥175 million, compared with ¥638 million used in the same quarter of the previous year. This was mainly due to an increase in trade payables.」
Operating cash flow changed from an outflow of ¥638 million in the same period of the previous year to an inflow of ¥175 million, while cash and cash equivalents also increased by ¥488 million to ¥1,439 million. - FY2021-Q1WorsenedAnnual report
「Current assets stood at ¥2,907 million at the end of the first quarter, a decrease of ¥40 million from the end of the previous fiscal year. This was mainly due to a ¥141 million decrease in cash and deposits.」
Cash and deposits decreased by ¥141 million, while current assets also decreased by ¥40 million. Notes receivable, accounts receivable for completed construction contracts and other items increased from ¥1,427 million to ¥1,540 million. - FY2020MitigatedAnnual report
「Cash generated from operating activities was ¥131 million, compared with ¥140 million generated in the previous fiscal year. This was mainly due to a ¥263 million increase in advances received on construction contracts in progress.」
Operating cash flow remained positive, improving from the previous operating cash flow deficit mainly caused by increases in trade receivables. However, cash and cash equivalents decreased by ¥128 million. - FY2020-Q3WorsenedAnnual report
「Current assets stood at ¥3,837 million at the end of the third quarter, an increase of ¥883 million from the end of the previous fiscal year. This was mainly due to an ¥803 million increase in notes receivable, accounts receivable for completed construction contracts and other items.」
Notes receivable, accounts receivable for completed construction contracts and other items increased by ¥803 million, while current assets increased by ¥883 million from the end of the previous fiscal year. The funding burden from the increase in trade receivables is expanding. - FY2020-Q2WorsenedAnnual report
「Cash and cash equivalents at the end of the second quarter, hereinafter referred to as “funds,” decreased by ¥580 million from the end of the previous fiscal year to ¥498 million. Cash used in operating activities was ¥638 million, compared with ¥465 million used in the same quarter of the previous year. This was mainly due to an increase in trade receivables.」
Trade receivables increased by ¥622 million, and the cash outflow from operating activities expanded from ¥465 million in the same quarter of the previous year to ¥638 million. Cash and cash equivalents also decreased by ¥580 million. - FY2020-Q1WorsenedAnnual report
「Current assets stood at ¥2,854 million at the end of the first quarter, a decrease of ¥100 million from the end of the previous fiscal year. This was mainly due to a ¥259 million decrease in cash and deposits.」
Cash and deposits decreased by ¥259 million, while current assets also decreased by ¥100 million from the end of the previous fiscal year. No first-quarter cash flow statement was prepared. - FY2019MitigatedAnnual report
「Cash generated from operating activities was ¥140 million, compared with ¥96 million used in the previous fiscal year. This was mainly due to a ¥73 million decrease in other current assets.」
Operating cash flow changed from an outflow of ¥96 million in the previous fiscal year to an inflow of ¥140 million, while cash and cash equivalents also increased by ¥63 million. - FY2019-Q3WorsenedAnnual report
「Current assets stood at ¥2,899 million at the end of the third quarter, an increase of ¥63 million from the end of the previous fiscal year. This was mainly due to a ¥324 million increase in notes receivable, accounts receivable for completed construction contracts and other items.」
Notes receivable, accounts receivable for completed construction contracts and other items increased by ¥324 million, while cash and deposits decreased from ¥1,366 million at the end of the previous fiscal year to ¥1,218 million. - FY2019-Q2WorsenedAnnual report
「Cash used in operating activities was ¥465 million, compared with ¥137 million used in the same quarter of the previous year. This was mainly due to a decrease in trade payables.」
The cash outflow from operating activities expanded from ¥137 million in the same period of the previous year to ¥465 million, with the decrease in trade payables, rather than an increase in trade receivables, cited as the main factor. Cash and cash equivalents also stood at ¥639 million at period-end, down ¥376 million from the end of the previous fiscal year. - FY2019-Q1WorsenedAnnual report
「Current assets stood at ¥2,632 million at the end of the first quarter, a decrease of ¥202 million from the end of the previous fiscal year. This was mainly due to a ¥326 million decrease in cash and deposits.」
In the first quarter, cash and deposits decreased by ¥326 million, while current assets decreased by ¥202 million from the end of the previous fiscal year. No quarterly cash flow statement was prepared. - FY2018MitigatedAnnual report
「Cash used in operating activities was ¥96 million, compared with ¥185 million used in the previous fiscal year. This was mainly due to a ¥337 million increase in trade receivables.」
Trade receivables continued to increase, but the cash outflow from operating activities narrowed from ¥185 million to ¥96 million. - FY2018-Q3WorsenedAnnual report
「Current assets stood at ¥3,317 million at the end of the third quarter, an increase of ¥727 million from the end of the previous fiscal year. This was mainly due to an ¥846 million increase in notes receivable, accounts receivable for completed construction contracts and other items.」
The increase in notes receivable, accounts receivable for completed construction contracts and other items expanded to ¥846 million, while current assets increased by ¥727 million from the end of the previous fiscal year. The funding burden from the increase in trade receivables intensified. - FY2018-Q2MitigatedAnnual report
「Cash used in operating activities was ¥137 million, compared with ¥772 million used in the same quarter of the previous year. This was mainly due to an increase in trade receivables.」
Trade receivables increased by ¥308 million and operating cash flow remained negative, but the cash outflow narrowed from ¥772 million in the same quarter of the previous year to ¥137 million. Cash and cash equivalents increased by ¥15 million at period-end. - FY2018-Q1Trade receivables also increased in the first quarterAnnual report
「Current assets stood at ¥2,688 million at the end of the first quarter, an increase of ¥98 million from the end of the previous fiscal year. This was mainly due to an ¥181 million increase in notes receivable, accounts receivable for completed construction contracts and other items.」
Notes receivable, accounts receivable for completed construction contracts and other items increased by ¥181 million, while current assets increased by ¥98 million from the end of the previous fiscal year. No first-quarter cash flow statement was prepared. - FY2017Confirmation of a full-year operating cash flow deficitAnnual report
「During the period, cash and cash equivalents decreased by ¥456 million, leaving an ending balance of ¥1,146 million. Funds used in operating activities were ¥185 million, compared with ¥787 million provided in the previous period. This was primarily due to a ¥252 million increase in trade receivables.」
Operating cash flow was an outflow of ¥185 million for the full year, primarily due to an increase in trade receivables, while cash and cash equivalents also decreased by ¥456 million. - FY2017-Q3RestatedAnnual report
「At the end of the third quarter, current assets were ¥3,555 million, an increase of ¥817 million from the end of the previous fiscal year. This was primarily due to an increase of ¥1,016 million in notes receivable, unbilled construction revenue and other receivables.」
Notes receivable, unbilled construction revenue and other receivables continued to increase, lifting current assets by ¥817 million from the end of the previous fiscal year. No quarterly statement of cash flows was prepared for the cumulative third-quarter period. - FY2017-Q2First statedAnnual report
「At the end of the second quarter, cash and cash equivalents, hereafter referred to as funds, had decreased by ¥790 million from the end of the previous fiscal year to ¥812 million. Funds used in operating activities were ¥772 million, compared with ¥265 million provided in the same quarter of the previous year. This was primarily due to an increase in trade receivables.」
Cash and cash equivalents decreased by ¥790 million to ¥812 million, while operating cash flow was an outflow of ¥772 million, primarily due to an increase in trade receivables.