Operating Cash Flow Turns from an Inflow to an Outflow, Accompanied by a Decline in Cash and Cash Equivalents
First written in FY2017-Q2. 6 of 36 entries say "Worsened", first in FY2023. Latest entry: FY2026.
PS Construction moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
27 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Operating activities resulted in net cash outflows of ¥17,400 million, compared with net cash inflows of ¥15,900 million in the same period of the previous year. This was primarily due to deterioration in construction-related cash flows caused by progress on large-scale construction projects, among other factors.」
Operating cash flow turned from net inflows of ¥15,900 million in the previous year to net outflows of ¥17,400 million, and cash and cash equivalents decreased from ¥22,100 million to ¥9,300 million. - FY2026-H1WorsenedAnnual report
「Cash and cash equivalents at the end of the interim period decreased by ¥10,100 million from the end of the previous fiscal year to ¥11,900 million. Cash used in operating activities was ¥10,500 million, compared with ¥5,600 million generated in the same period of the previous year.」
Operating cash flow turned from ¥5,600 million generated in the same period of the previous year to an outflow of ¥10,500 million, and cash and cash equivalents decreased by ¥10,100 million from the beginning of the period. - FY2025Operating cash flow remained positive and cash continued to increaseAnnual report
「Cash generated from operating activities was ¥15,952 million, compared with ¥15,944 million in the same period of the previous year. As a result, cash and cash equivalents reached ¥22,100 million at the end of the consolidated fiscal year.」
Operating cash flow remained positive at ¥15,952 million generated, and cash and cash equivalents increased from ¥11,163 million to ¥22,100 million. - FY2025-H1Operating cash flow remained positive, but cash declinedAnnual report
「Cash and cash equivalents at the end of the interim period decreased by ¥641 million from the end of the previous fiscal year to ¥10,522 million. Cash generated from operating activities was ¥5,671 million, compared with ¥17,615 million generated in the same period of the previous year.」
Operating cash flow remained positive at ¥5,671 million generated, but decreased from ¥17,615 million in the same period of the previous year, and cash and cash equivalents decreased by ¥641 million from the beginning of the period. - FY2024Operating cash flow turned positive and cash recoveredAnnual report
「Cash generated from operating activities was ¥15,944 million, compared with ¥16,708 million used in the same period of the previous year. This was primarily because trade payables increased on a net basis and collections from large-scale construction projects included in trade receivables remained largely strong.」
Operating cash flow turned from an outflow of ¥16,708 million in the previous year to ¥15,944 million generated, and cash and cash equivalents increased from ¥9,347 million to ¥11,163 million. - FY2024-Q3Cash and deposits declined at the end of the third quarterAnnual report
「Cash and deposits 9,347 9,200」
Cash and deposits decreased by ¥147 million, from ¥9,347 million at the end of the previous fiscal year to ¥9,200 million at the end of the third quarter. As a cash flow statement was not prepared for the nine-month period, the change in cash from operating activities was not determined. - FY2024-Q2Operating cash flow turned positive and cash increasedAnnual report
「Cash and cash equivalents at the end of the first half increased by ¥2,067 million from the end of the previous fiscal year to ¥11,414 million. Cash generated from operating activities was ¥17,615 million, compared with ¥2,973 million used in the same period of the previous year.」
Operating cash flow turned from an outflow of ¥2,973 million in the same period of the previous year to ¥17,615 million generated, and cash and cash equivalents also increased by ¥2,067 million from the beginning of the period. The main factors were decreases in trade receivables and an increase in contract liabilities. - FY2024-Q1Cash and deposits increased at the end of the first quarterAnnual report
「This was primarily because cash and deposits increased by ¥3,620 million, while notes and accounts receivable, completed construction contract receivables and contract assets and other items decreased by ¥13,488 million.」
Cash and deposits at the end of the first quarter increased by ¥3,620 million from the end of the previous fiscal year, from ¥9,347 million to ¥12,967 million. As a first-quarter consolidated cash flow statement was not prepared, the change in operating cash flow was not determined. - FY2023WorsenedAnnual report
「Cash used in operating activities was ¥16,708 million, compared with ¥2,599 million generated in the same period of the previous year. This was primarily because, in the civil engineering business, collections from large-scale construction projects included in trade receivables were deferred until the following consolidated fiscal year or later, resulting in excess cash outflows.」
Operating cash flow turned from ¥2,599 million generated in the previous year to an outflow of ¥16,708 million, and cash and cash equivalents decreased to ¥9,347 million at the end of the period. - FY2023-Q3Cash and deposits fell furtherAnnual report
「This was primarily because cash and deposits decreased by ¥2,496 million, despite increases of ¥7,413 million in notes and accounts receivable, completed construction contract receivables and contract assets and ¥2,209 million in other inventories.」
Cash and deposits at the end of the third quarter decreased by ¥2,496 million from the end of the previous fiscal year to ¥7,451 million. A cash flow statement was not prepared for the nine-month period. - FY2023-Q2Operating cash flow turned negative and cash declinedAnnual report
「Cash and cash equivalents at the end of the first half decreased by ¥1,470 million from the end of the previous fiscal year to ¥8,476 million. Cash used in operating activities was ¥2,973 million, compared with ¥6,152 million generated in the same period of the previous year. This was primarily because outflows preceded inflows as construction work progressed on large-scale projects.」
In the first half, operating cash flow turned from ¥6,152 million generated in the same period of the previous year to an outflow of ¥2,973 million, and cash and cash equivalents decreased by ¥1,470 million from the beginning of the period. The company explained that the timing of outflows had preceded inflows due to progress on large-scale construction projects. - FY2023-Q1Cash and deposits declined at the end of the first quarterAnnual report
「Cash and deposits 9,947 9,541」
Cash and deposits decreased by ¥406 million, from ¥9,947 million at the end of the previous fiscal year to ¥9,541 million at the end of FY2023-Q1. A quarterly consolidated cash flow statement was not prepared for the first quarter. - FY2022Operating cash flow turned positive, but cash declinedAnnual report
「Cash generated from operating activities was ¥2,599 million, compared with ¥3,684 million used in the same period of the previous year.」
Operating cash flow turned from an outflow of ¥3,684 million in the previous year to ¥2,599 million generated. Meanwhile, cash and cash equivalents decreased by ¥509 million from the beginning of the period to ¥9,947 million. - FY2022-Q3Cash and deposits edged down from the beginning of the periodAnnual report
「Cash and deposits 10,456 10,372」
Cash and deposits decreased by ¥84 million, from ¥10,456 million at the end of the previous fiscal year to ¥10,372 million at the end of the third quarter. A cash flow statement was not prepared for the nine-month period. - FY2022-Q2Operating cash flow turned positive, but cash declined from the beginning of the periodAnnual report
「Cash and cash equivalents at the end of the first half decreased by ¥867 million from the end of the previous fiscal year to ¥9,588 million. Cash generated from operating activities was ¥6,152 million, compared with ¥1,728 million used in the same period of the previous year. This was primarily because proceeds from construction work on large-scale projects were collected as scheduled.」
Operating cash flow turned from an outflow of ¥1,728 million in the same period of the previous year to ¥6,152 million generated. Although collections from large-scale construction projects were cited as a factor, cash decreased by ¥867 million from the beginning of the period due to outflows from investing and financing activities, among other factors. - FY2022-Q1Cash and deposits declined at the end of the first quarterAnnual report
「Cash and deposits 10,456 10,118」
Cash and deposits decreased by ¥338 million, from ¥10,456 million at the end of the previous fiscal year to ¥10,118 million at the end of the first quarter. A quarterly consolidated cash flow statement was not prepared for the first quarter. - FY2021Operating cash flow turned negative and cash and cash equivalents declinedAnnual report
「Cash used in operating activities was ¥3,684 million, compared with ¥4,630 million generated in the same period of the previous year.」
Payments for trade receivables from large-scale construction projects were deferred to the following fiscal year, resulting in operating cash flow of ¥3,684 million outflow. Cash and cash equivalents also decreased by ¥5,027 million from the end of the previous fiscal year to ¥10,456 million. - FY2021-Q3Cash and deposits declined at the end of the third quarterAnnual report
「This was primarily because cash and deposits decreased by ¥3,394 million, despite increases of ¥12,160 million in notes and accounts receivable, completed construction contract receivables and other items and ¥4,224 million in costs on uncompleted construction contracts.」
Cash and deposits at the end of the third quarter decreased by ¥3,394 million from the end of the previous fiscal year to ¥12,089 million. A cash flow statement was not prepared for the nine-month period. - FY2021-Q2Operating cash flow deficit and lower cash in the first halfAnnual report
「Cash and cash equivalents at the end of the first half decreased by ¥6,991 million from the end of the previous fiscal year to ¥8,493 million. Cash used in operating activities was ¥1,728 million, compared with ¥3,900 million generated in the same period of the previous year.」
In the first half, operating cash flow turned from ¥3,900 million generated in the same period of the previous year to an outflow of ¥1,728 million, and cash and cash equivalents decreased by ¥6,991 million from the beginning of the period. The company explained that the timing of outflows had preceded inflows due to progress on large-scale construction projects. - FY2021-Q1Cash and deposits declined at the end of the first quarterAnnual report
「Current assets at the end of the first quarter stood at ¥62,648 million, down ¥5,212 million from the end of the previous fiscal year. This was primarily because cash and deposits decreased by ¥2,229 million and notes and accounts receivable, completed construction contract receivables and other items decreased by ¥6,224 million, despite increases of ¥2,049 million in costs on uncompleted construction contracts and ¥649 million in other inventories.」
Cash and deposits at the end of the first quarter decreased by ¥2,229 million from the end of the previous fiscal year. As a quarterly consolidated cash flow statement was not prepared for the first quarter, the change in cash from operating activities was not determined. - FY2020Operating cash flow remained positive but declined year on yearAnnual report
「Cash generated from operating activities was ¥4,630 million, down 35.4% year on year.」
Operating cash flow decreased from ¥7,170 million in the previous year to ¥4,630 million but remained positive. Cash and cash equivalents stood at ¥15,484 million. - FY2020-Q3Cash and deposits fell further at the end of the third quarterAnnual report
「This was primarily because cash and deposits decreased by ¥6,871 million and notes and accounts receivable, completed construction contract receivables and other items decreased by ¥2,128 million, despite increases of ¥1,501 million in other current assets and ¥1,013 million in costs on uncompleted construction contracts.」
Cash and deposits at the end of the third quarter decreased by ¥6,871 million from the end of the previous fiscal year to ¥7,930 million. A cash flow statement was not prepared for the nine-month period. - FY2020-Q2Operating cash flow turned positive, but cash declinedAnnual report
「Cash and cash equivalents at the end of the first half decreased by ¥5,149 million from the end of the previous fiscal year to ¥9,652 million. Cash generated from operating activities was ¥3,900 million, compared with ¥853 million used in the same period of the previous year.」
Operating cash flow turned from an outflow in the same period of the previous year to ¥3,900 million generated, but cash and cash equivalents decreased by ¥5,149 million from the beginning of the period due to outflows from investing and financing activities, among other factors. - FY2020-Q1Cash and deposits declined at the end of the first quarterAnnual report
「This was primarily because cash and deposits decreased by ¥3,691 million and notes and accounts receivable, completed construction contract receivables and other items decreased by ¥10,988 million, despite an increase of ¥751 million in costs on uncompleted construction contracts and ¥209 million in electronically recorded monetary claims.」
Cash and deposits at the end of the first quarter decreased by ¥3,691 million from the end of the previous fiscal year. A quarterly consolidated cash flow statement was not prepared for the first quarter. - FY2019Operating cash flow turns positive and cash recoversAnnual report
「Cash generated from operating activities was ¥7,170 million, compared with ¥3,049 million used in the previous fiscal year.」
Operating cash flow turned from an outflow of ¥3,049 million in the previous year to ¥7,170 million generated, and cash and cash equivalents recovered to ¥14,802 million. - FY2019-Q3Cash and deposits fell further at the end of the third quarterAnnual report
「This was primarily because cash and deposits decreased by ¥5,697 million, despite increases of ¥1,653 million in costs on uncompleted construction contracts and ¥1,006 million in other inventories.」
Cash and deposits at the end of the third quarter decreased by ¥5,697 million, from ¥12,440 million at the end of the previous fiscal year to ¥6,743 million. - FY2019-Q2Cash and cash equivalents fell further at the end of the second quarterAnnual report
「Cash and cash equivalents at the end of the first half decreased by ¥5,482 million from the end of the previous fiscal year to ¥6,958 million.」
Cash and cash equivalents decreased by ¥5,482 million, from ¥12,440 million at the end of the previous fiscal year to ¥6,958 million. Operating, investing and financing activities all resulted in cash outflows. - FY2019-Q1Cash and deposits declined at the end of the first quarterAnnual report
「Cash and deposits 12,440 7,747」
Cash and deposits decreased by ¥4,693 million, from ¥12,440 million at the end of March 2018 to ¥7,747 million at the end of June 2018. A quarterly consolidated cash flow statement was not prepared for the first quarter. - FY2018Full-year operating cash flow turned negative and cash declinedAnnual report
「Cash used in operating activities was ¥3,049 million, compared with ¥4,248 million generated in the previous fiscal year.」
Operating cash flow turned from ¥4,248 million generated in the previous year to an outflow of ¥3,049 million, while cash and cash equivalents also decreased by ¥2,608 million. - FY2018-Q3Cash and deposits fell sharply at the end of the third quarterAnnual report
「Cash and deposits 15,049 8,453」
Cash and deposits decreased by ¥6,596 million, from ¥15,049 million at the end of the previous fiscal year to ¥8,453 million at the end of the third quarter. As a quarterly consolidated cash flow statement was not prepared for the nine-month period, the decrease was not attributed to operating activities. - FY2018-Q2Operating cash flow deficit and lower cash in the first halfAnnual report
「Cash used in operating activities was ¥2,274 million, up 44.9% year on year. This was primarily because, despite recording income before taxes and other adjustments, cash outflows exceeded inflows due to increases in inventories and trade payables, a decrease in notes and accounts payable, and an increase in trade receivables, among other factors.」
Operating cash flow for the first half was an outflow of ¥2,274 million, an increase in outflows from the same period of the previous year. Cash and cash equivalents also decreased by ¥3,277 million from the beginning of the period. - FY2017Operating cash flow returned to positive for the full fiscal yearAnnual report
「Cash generated from operating activities was ¥4,248 million, down 24.2% year on year. As a result, cash and cash equivalents increased by ¥3,450 million from the end of the previous consolidated fiscal year, bringing the year-end balance to ¥15,049 million.」
Cash flow from operating activities returned from an outflow during the cumulative second quarter to ¥4,248 million generated for the full fiscal year, and cash and cash equivalents also increased at year-end. - FY2017-Q2First statedAnnual report
「Cash used in operating activities was ¥1,568 million, compared with ¥3,914 million generated in the same quarter of the previous year. As a result, cash and cash equivalents at the end of the cumulative second quarter increased by ¥3,329 million from the end of the previous consolidated fiscal year to ¥8,269 million.」
Operating cash flow shifted from ¥3,914 million generated in the same period of the previous year to ¥1,568 million used, while cash and cash equivalents also decreased by ¥3,329 million from the beginning of the period.