Operating Efficiency, Cost Reduction and Cash Flow Improvement
First written in FY2016. 13 of 32 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2026.
S.Ishimitsu& moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
61 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Funds generated from operating activities amounted to ¥2,457 million, compared with ¥1,029 million used in the previous consolidated fiscal year.」
Cash flow from operating activities turned positive at ¥2,457 million, from ¥1,029 million used in the previous year. However, inventories increased by ¥1,383 million, and the working-capital turnover period increased from 2.83 months to 2.89 months. - 2026-05-14AdvancedEarnings
「Funds generated from operating activities amounted to ¥2,457 million, compared with ¥1,029 million used in the previous consolidated fiscal year.」
Operating cash flow improved, shifting from cash usage in the previous fiscal year to ¥2,457 million generated. - FY2026-H1WorsenedAnnual report
「Cash used in operating activities was ¥2,898 million, an increase of ¥1,387 million from the same period of the previous year. The main factor was a ¥2,767 million increase in inventories.」
Cash used in operating activities increased from ¥1,510 million in the same period of the previous year to ¥2,898 million, mainly due to the ¥2,767 million increase in inventories. - FY2025-H1WorsenedAnnual report
「Cash used in operating activities was ¥1,510 million, compared with ¥1,435 million generated in the same period of the previous year. The main factors were a ¥1,082 million decrease in trade payables and a ¥1,016 million increase in inventories.」
Cash flow from operating activities turned negative at ¥1,510 million, from ¥1,435 million generated in the same period of the previous year. The increase in inventories and decrease in trade payables placed a burden on cash conversion. - FY2024AdvancedAnnual report
「Cash generated from operating activities was ¥3,811 million, compared with ¥1,290 million used in the previous consolidated fiscal year.」
Cash flow from operating activities turned positive at ¥3,811 million, from ¥1,290 million used in the previous year. Inventories also declined by ¥810 million, while borrowings decreased by ¥1,192 million, indicating improvements in working capital and financial efficiency. - FY2024-Q3Changes in the composition of working capitalAnnual report
「The main factors were a ¥633 million decrease in inventories, offset by increases of ¥2,356 million in trade receivables due to the fiscal year-end holiday effect and ¥654 million in investment securities.」
While inventories declined by ¥633 million, trade receivables increased by ¥2,356 million, including the fiscal year-end holiday effect, resulting in a change in the composition of working capital. - FY2024-Q2AdvancedAnnual report
「Cash generated from operating activities was ¥1,435 million, compared with ¥2,747 million used in the same period of the previous year.」
Cash flow from operating activities turned positive at ¥1,435 million, from ¥2,747 million used in the same period of the previous year. Although trade receivables increased, the increase in trade payables and pretax quarterly income, among other factors, contributed to cash generation. - FY2024-Q1WorsenedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, total assets increased by ¥2,394 million from the end of the previous consolidated fiscal year to ¥38,568 million. The main factors were increases of ¥828 million in cash and deposits, ¥678 million in inventories, and ¥602 million in investment securities.」
Inventories increased by ¥678 million from the end of the previous consolidated fiscal year, and the burden on working capital and cash conversion continues. The company did not prepare a quarterly consolidated statement of cash flows for the first quarter. - FY2023WorsenedAnnual report
「Cash used in operating activities was ¥1,290 million, an increase of ¥559 million from the previous consolidated fiscal year. The main factor was an increase of ¥2,683 million in inventories, against an increase of ¥1,779 million in trade payables.」
Cash used in operating activities increased from ¥731 million in the previous year to ¥1,290 million, while inventories increased by ¥2,683 million. The burden on cash conversion and working capital continues. - FY2023-Q3WorsenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets increased by ¥7,537 million from the end of the previous consolidated fiscal year to ¥38,384 million. The main factors were increases of ¥4,061 million in trade receivables and ¥2,336 million in inventories due to the fiscal year-end holiday effect.」
Trade receivables increased by ¥4,061 million and inventories by ¥2,336 million, increasing the burden on working capital and cash conversion. - FY2023-Q2WorsenedAnnual report
「Cash used in operating activities was ¥2,747 million, an increase of ¥2,601 million from the same period of the previous year. The main uses were increases of ¥2,060 million in trade receivables and ¥1,606 million in inventories, while pretax income of ¥976 million was a source of cash.」
Cash used in operating activities was ¥2,747 million, and the increases of ¥2,060 million in trade receivables and ¥1,606 million in inventories increased the burden on cash conversion and working capital. - FY2023-Q1WorsenedAnnual report
「The main factors were increases of ¥1,401 million in trade receivables and ¥671 million in inventories.」
At the end of the first quarter, trade receivables had increased by ¥1,401 million and inventories by ¥671 million, with operating assets continuing to increase. - FY2022WorsenedAnnual report
「Cash used in operating activities was ¥731 million, compared with ¥2,259 million generated in the previous consolidated fiscal year. The main factors were an increase of ¥2,321 million in inventories, against an increase of ¥1,397 million in trade payables.」
Cash flow from operating activities turned negative at ¥731 million, from ¥2,259 million generated in the previous year, while inventories increased by ¥2,321 million. - FY2022-Q3WorsenedAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets increased by ¥3,766 million from the end of the previous consolidated fiscal year to ¥30,909 million. The main factors were increases of ¥2,510 million in trade receivables and ¥1,376 million in inventories due to the fiscal year-end holiday effect.」
Although this included the fiscal year-end holiday effect, trade receivables increased by ¥2,510 million and inventories by ¥1,376 million, increasing the burden on cash conversion and working capital. - FY2022-Q2WorsenedAnnual report
「Cash used in operating activities was ¥145 million, compared with ¥621 million generated in the same period of the previous year. The main factors were an increase of ¥981 million in inventories, against pretax income of ¥595 million and depreciation of ¥288 million.」
Cash flow from operating activities turned negative at ¥145 million, from ¥621 million generated in the same period of the previous year, while inventories increased by ¥981 million. - FY2021AdvancedAnnual report
「Cash generated from operating activities was ¥2,259 million, an increase of ¥2,004 million from the previous consolidated fiscal year.」
Cash flow from operating activities increased from ¥254 million to ¥2,259 million, while inventories declined by ¥793 million. The results indicate improvements in efficiency and cash conversion, including reductions in logistics and other expenses. - FY2021-Q3RestatedAnnual report
「To secure earnings, the company is working to recover by strengthening sales in fields that have not been affected, such as prepared foods, and by reducing expenses.」
The company continues to pursue earnings generation by strengthening sales of prepared foods and other products and reducing expenses. No new performance indicator or completion milestone for expense reduction itself has been provided. - FY2021-Q2AdvancedAnnual report
「Selling, general and administrative expenses declined due to restrictions on domestic and overseas business travel and the reversal of an allowance for doubtful accounts that had been recorded conservatively, among other factors, while operating income was ¥197 million, up 104.1% year on year. Cash generated from operating activities was ¥621 million, compared with ¥797 million used in the same period of the previous year.」
Selling, general and administrative expenses declined due to restrictions on business travel and the reversal of the allowance for doubtful accounts, among other factors, while operating income increased 104.1% year on year. Cash flow from operating activities also turned positive at ¥621 million, from ¥797 million used in the same period of the previous year. - FY2021-Q1AdvancedAnnual report
「Selling, general and administrative expenses declined due to restrictions on domestic and overseas business travel and the reversal of an allowance for doubtful accounts that had been recorded conservatively, among other factors, while operating income was ¥65 million, up 34.8% year on year.」
Selling, general and administrative expenses declined due to restrictions on business travel and the reversal of the allowance for doubtful accounts, among other factors, while operating income increased 34.8% year on year. - FY2020-Q3WorsenedAnnual report
「Operating income was ¥370 million, down 27.5% year on year, as selling, general and administrative expenses included higher personnel and logistics costs, the provision for doubtful accounts, and repair costs associated with renovations to a logistics center.」
Selling, general and administrative expenses increased due to higher personnel and logistics costs, the provision for doubtful accounts, and logistics-center renovation costs, resulting in a 27.5% year-on-year decline in operating income. - FY2020-Q2WorsenedAnnual report
「Operating income was ¥96 million, down 49.6% year on year, as selling, general and administrative expenses included higher personnel and logistics costs, the provision for doubtful accounts, and repair costs associated with renovations to a logistics center.」
Higher personnel and logistics costs, the provision for doubtful accounts, and repair costs associated with renovations to a logistics center were incurred, resulting in a 49.6% year-on-year decline in operating income. While measures to address logistics costs are being implemented, cost pressures continue to worsen. - FY2020-Q1WorsenedAnnual report
「Operating income was ¥48 million, down 49.7% year on year, as selling, general and administrative expenses included higher personnel and logistics costs, as well as an allowance for doubtful accounts.」
Selling, general and administrative expenses increased due to higher personnel and logistics costs and the provision for doubtful accounts, resulting in a 49.7% year-on-year decline in operating income. Costs have worsened despite efforts to improve efficiency and contain expenses. - FY2019AdvancedAnnual report
「The Group's policy is to improve profit margins by continuing to focus on products and fields where it can differentiate itself, without falling into unproductive price competition, while enhancing its advanced product expertise and ability to make proposals to customers, and by further improving efficiency as it realizes the benefits of reforms such as logistics reform and stronger inventory management.」
The company continued logistics reform and efforts to strengthen inventory management, while cash flow from operating activities increased from ¥348 million to ¥1,385 million. - FY2019-Q2AdvancedAnnual report
「Cash generated from operating activities was ¥291 million, compared with ¥473 million used in the same period of the previous year.」
Cash flow from operating activities turned positive at ¥291 million, from ¥473 million used in the same period of the previous year, indicating a measurable improvement in cash flow. - FY2019-Q1RestatedAnnual report
「The Group promoted the use of its core system and logistics and work-style reform, while selecting products and focusing on high-value-added products to move away from price competition, thereby improving and strengthening its earnings structure.」
The company continues to pursue a policy of improving and strengthening its earnings structure by promoting the use of its core systems, logistics reform, and work-style reform. - FY2018-Q3RestatedAnnual report
「The company recorded an operating loss in the first quarter due to the impact of temporary cost increases associated with logistics reform and other factors, but subsequently further strengthened its sales activities by selecting priority products and sales fields, among other measures,」
The company explained that, after incurring temporary cost increases associated with logistics reform, it strengthened its sales activities by selecting priority products and sales fields, among other measures, leading to a recovery in cumulative results. - FY2018-Q2RestatedAnnual report
「The company recorded an operating loss in the first quarter due to the impact of temporary cost increases associated with logistics reform and other factors, but subsequently further strengthened its sales activities by selecting priority products and sales fields, among other measures,」
While temporary cost increases associated with logistics reform occurred, the company is strengthening its sales activities. There has been no change in its policy of reducing costs and improving efficiency. - FY2018-Q1RestatedAnnual report
「Gross profit increased as a result of ongoing efforts to strengthen the earnings structure, but the company recorded an operating loss of ¥2 million due to the impact of one-time costs associated with restructuring its logistics system, raw-material shortages, and higher logistics-related costs accompanying increased inventories ahead of the summer sales season, among other factors.」
While continuing efforts to improve the earnings structure, the company has incurred costs associated with restructuring its logistics system and increasing inventory. - FY2017-Q3RestatedAnnual report
「Under these circumstances, to achieve the new medium-term management plan, the S Project, we focused in the first fiscal year of the plan, the current consolidated fiscal year, on improving and strengthening our earnings profile through reforms to our internal structure and incremental improvements and enhancements, while working to improve profit margins and capital turnover and thoroughly strengthen our management structure.」
The company continues to pursue improvements in profit margins, cash conversion, and the management structure through reforms to its internal organization and ongoing improvements and enhancements. - FY2017-Q2RestatedAnnual report
「Under these circumstances, to achieve the new medium-term management plan, the S Project, we focused in the first fiscal year of the plan, the current consolidated fiscal year, on improving and strengthening our earnings profile through reforms to our internal structure and incremental improvements and enhancements, while working to improve profit margins and capital turnover and thoroughly strengthen our management structure.」
The company continues to pursue improvements in profit margins, cash conversion, and the management structure through reforms to its internal organization and ongoing improvements and enhancements. - FY2017-Q1RestatedAnnual report
「We are focusing on improving and strengthening our earnings structure through reforms to our internal organization and incremental improvements and enhancements, while working to improve profit margins, cash conversion, and the management structure overall.」
In addition to cost reductions and improved cash flow, the company explicitly cited improvements in profit margins and cash conversion during the quarter, but provided no numerical targets or evidence of completion. - FY2016First statedAnnual report
「Company-wide cost reduction and cash flow improvement」
This indicates efficiency gains through cost reductions, a review of business-process outsourcing, and the renewal of information systems.