Improving Profitability by Concentrating Management Resources on Growth Areas and Reducing Inventory
First written in FY2018. 6 of 23 entries say "Advanced", first in FY2020. Latest entry: 2026-10-28.
The whole theme swung hardest in 2020: 1 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- 2026-10-28SoftenedEarnings
「これは主に、現金及び預金が減少した一方で、商品及び製品や売上債権が増加したことによります。」
当中間期は商品及び製品が46,747百万円から61,857百万円へ増加し、営業活動によるキャッシュ・フローも4,763百万円の支出となったため、在庫圧縮・収益性改善の進展は弱まった。 - FY2026AdvancedAnnual report
「Current assets at the end of the consolidated fiscal year increased by ¥6,151 million from the end of the previous fiscal year to ¥150,337 million. This was mainly due to increases of ¥6,346 million in prepaid expenses and ¥5,208 million in notes and accounts receivable, despite a ¥3,534 million decrease in merchandise and finished goods.」
Under the inventory reduction and optimization policy, merchandise and finished goods decreased by ¥3,534 million, while cash provided by operating activities was ¥15,684 million. - FY2026-H1AdvancedAnnual report
「Total assets at the end of the interim consolidated accounting period were ¥154,925 million, a decrease of ¥1,916 million from the end of the previous consolidated fiscal year. This was mainly due to decreases in consumption tax receivables and inventories, despite an increase in prepaid expenses.」
Despite the inventory reduction policy, inventories decreased, and total assets also decreased by ¥1,916 million from the end of the previous fiscal year. - FY2025AdvancedAnnual report
「Current assets at the end of the consolidated fiscal year decreased by ¥7,150 million from the end of the previous fiscal year to ¥144,186 million. This was mainly due to an increase of ¥6,535 million in prepaid expenses, together with decreases of ¥8,008 million in notes and accounts receivable and contract assets and ¥2,994 million in merchandise and finished goods.」
Against the inventory reduction policy, merchandise and finished goods decreased by ¥2,994 million, and the decrease in trade receivables also contributed to an improvement in operating cash flow to ¥18,915 million. - FY2025-H1Operating cash flow improved alongside an increase in inventoriesAnnual report
「Cash provided by operating activities was ¥6,285 million (compared with ¥2,895 million provided in the same period of the previous year). This was mainly because cash inflow factors, including decreases in trade receivables and contract assets, exceeded cash outflow factors, including increases in inventories.」
Cash flow from operating activities improved from ¥2,895 million provided in the same period of the previous year to ¥6,285 million. Meanwhile, the increase in inventories continued to be a factor reducing cash flow, indicating both positive and negative developments in relation to the inventory reduction policy. - FY2024Operating cash flow turned positive for the full yearAnnual report
「Cash provided by operating activities was ¥301 million (compared with ¥12,185 million used in the previous fiscal year). This was mainly because cash inflow factors, including profit before income taxes and increases in trade payables, exceeded cash outflow factors, including increases in inventories and payments of income taxes.」
Although inventories continued to increase, cash flow from operating activities turned from ¥12,185 million used in the previous fiscal year to ¥301 million provided. - FY2024-Q3Sharp reduction in operating cash outflow alongside an increase in inventoriesAnnual report
「Cash used in operating activities was ¥257 million (compared with ¥24,973 million used in the same period of the previous year). This was mainly because cash outflow factors, including increases in inventories and payments of income taxes, exceeded cash inflow factors, including profit before income taxes and decreases in trade receivables and contract assets.」
Cash used in operating activities decreased sharply from ¥24,973 million in the same period of the previous year to ¥257 million. Meanwhile, the ¥12,598 million increase in inventories continued to be a factor reducing cash flow, indicating both positive and negative developments in relation to the inventory reduction policy. - FY2024-Q2Operating cash flow remains positive while inventories increaseAnnual report
「Cash provided by operating activities was ¥2,895 million (compared with ¥11,532 million used in the same period of the previous year). This was mainly because cash inflow factors, including profit before income taxes and decreases in trade receivables and contract assets, exceeded cash outflow factors, including increases in inventories and decreases in trade payables.」
Cash flow from operating activities improved from ¥11,532 million used in the same period of the previous year to ¥2,895 million provided. Meanwhile, the increase in inventories continued to be a factor reducing cash flow, indicating both positive and negative developments in relation to the inventory reduction policy. - FY2024-Q1Operating cash flow turned positiveAnnual report
「Cash provided by operating activities was ¥3,137 million (compared with ¥3,130 million used in the same period of the previous year). This was mainly because cash inflow factors, including decreases in trade receivables and contract assets and profit before income taxes, exceeded cash outflow factors, including increases in inventories and decreases in trade payables.」
Although inventories increased, cash flow from operating activities turned from cash used in the same period of the previous year to ¥3,137 million provided, due mainly to decreases in trade receivables and contract assets. - FY2023Further full-year deterioration in operating cash flow due to increases in inventories and trade receivablesAnnual report
「Cash used in operating activities was ¥12,185 million (compared with ¥891 million used in the previous fiscal year). This was mainly because cash outflow factors, including increases in inventories and trade receivables and contract assets, exceeded cash inflow factors, including profit before income taxes and the increase in advances received.」
Despite the inventory reduction policy, inventories of ¥15,521 million and trade receivables and contract assets of ¥11,203 million were factors reducing operating cash flow, and cash used in operating activities increased from ¥891 million in the previous fiscal year to ¥12,185 million. - FY2023-Q3Further deterioration in operating cash flow due to increases in inventories and trade receivablesAnnual report
「Cash used in operating activities was ¥24,973 million (compared with ¥1,333 million used in the same period of the previous year). This was mainly because cash outflow factors, including increases in inventories and trade receivables, exceeded cash inflow factors, including profit before income taxes and the increase in advances received.」
Due mainly to increases of ¥15,740 million in inventories and ¥14,164 million in trade receivables, cash used in operating activities increased from ¥1,333 million in the same period of the previous year to ¥24,973 million. The working capital burden has increased further despite the inventory reduction policy. - FY2023-Q2Deterioration in Operating Cash Flow Due to Increases in Inventories and Trade ReceivablesAnnual report
「Cash used in operating activities was ¥11,532 million (compared with ¥3,467 million provided in the same period of the previous year). This was mainly because cash outflow factors, including increases in inventories and trade receivables, exceeded cash inflow factors, including profit before income taxes and the increase in advances received.」
Despite the inventory reduction policy, cash flow from operating activities deteriorated from ¥3,467 million provided in the same period of the previous year to ¥11,532 million used due to increases in inventories and trade receivables. Merchandise and finished goods increased from ¥25,937 million at the end of the previous fiscal year to ¥36,655 million. - FY2023-Q1Operating Cash Flow Outflow Due to Increase in InventoriesAnnual report
「Cash used in operating activities was ¥3,130 million (compared with ¥3,760 million provided in the same period of the previous year). This was mainly because cash outflow factors, including increases in inventories and prepaid expenses, exceeded cash inflow factors, including increases in trade payables and advances received.」
Despite the inventory reduction policy, cash flow from operating activities was ¥3,130 million used due to the increase in inventories. Merchandise and finished goods increased from ¥25,937 million at the end of the previous fiscal year to ¥33,402 million. - FY2022Confirm full-year cash used in operating activitiesAnnual report
「Cash used in operating activities was ¥891 million (compared with ¥3,463 million used in the previous fiscal year). This was mainly because cash outflow factors, including increases in trade receivables and contract assets and in prepaid expenses, exceeded cash inflow factors, including profit before income taxes and increases in trade payables.」
Although cash used in operating activities decreased from the previous fiscal year, the increase in working capital, including a ¥2,147 million increase in inventories, continued to be a factor reducing cash flow. Merchandise and finished goods also stood at ¥25,937 million. - FY2022-Q3Operating Cash Flow Outflow Due to Increase in InventoriesAnnual report
「Cash used in operating activities was ¥1,333 million (compared with ¥5,776 million used in the same period of the previous year). This was mainly because cash outflow factors, including increases in trade receivables and inventories, exceeded cash inflow factors, including profit before income taxes.」
Although the amount of cash used in operating activities decreased from the same period of the previous year, the increase in inventories continued to be a factor reducing operating cash flow. Merchandise and finished goods increased from ¥24,795 million at the end of the previous fiscal year to ¥26,897 million. - FY2022-Q2AdvancedAnnual report
「Cash provided by operating activities was ¥3,467 million (compared with ¥1,794 million used in the same period of the previous year). This was mainly because cash inflow factors, including profit before income taxes and the increase in advances received, exceeded cash outflow factors, including the increase in prepaid expenses.」
Merchandise and finished goods decreased from ¥24,795 million at the end of the previous consolidated fiscal year to ¥23,946 million, while cash flow from operating activities improved from ¥1,794 million used in the same period of the previous year to ¥3,467 million provided. Improvement against the inventory reduction policy has been confirmed. - FY2022-Q1AdvancedAnnual report
「Cash provided by operating activities was ¥3,760 million, compared with cash used of ¥751 million in the year-earlier period. This was mainly because cash inflow factors, including quarterly profit before income taxes and decreases in trade receivables and contract assets, exceeded cash outflow factors, including a decrease in trade payables.」
Merchandise and finished goods decreased from ¥24,795 million at the end of the previous fiscal year to ¥22,450 million, and operating cash flow improved from an outflow in the year-earlier period to an inflow of ¥3,760 million. - FY2021Deterioration in operating cash flow due to increases in inventory and trade receivables (full year)Annual report
「Cash used in operating activities was ¥3,463 million, compared with cash provided of ¥8,651 million in the previous fiscal year. This was mainly because cash outflow factors, including increases in trade receivables and inventories, exceeded cash inflow factors, including profit before income taxes and an increase in advances received.」
Despite the stated policy of reducing inventory, merchandise and finished goods increased by ¥3,830 million and trade receivables by ¥6,668 million during the fiscal year, resulting in operating cash flow of ¥3,463 million used. - FY2021-Q3Deterioration in operating cash flow due to increases in inventory and trade receivablesAnnual report
「Total assets at the end of the third quarter of the consolidated fiscal year were ¥85,519 million, an increase of ¥8,980 million from the end of the previous consolidated fiscal year. This was mainly due to increases in inventories and trade receivables. Cash used in operating activities was ¥5,776 million, compared with cash provided of ¥5,209 million in the year-earlier period. This was mainly because cash outflow factors, including increases in inventories and trade receivables, exceeded cash inflow factors, including an increase in advances received.」
Despite the stated policy of reducing inventory, operating cash flow was an outflow of ¥5,776 million due to increases in inventories and trade receivables. - FY2021-Q2Increase in inventoryAnnual report
「Cash used in operating activities was ¥1,794 million, compared with cash provided of ¥6,251 million in the year-earlier period. This was mainly because cash outflow factors, including an increase in inventories, exceeded cash inflow factors, including a decrease in trade receivables and an increase in advances received.」
Despite the stated policy of reducing inventory, an increase in inventories was the main factor reducing operating cash flow. Merchandise and finished goods increased from ¥20,965 million at the end of the previous fiscal year to ¥27,253 million. - FY2021-Q1Increase in inventoryAnnual report
「Cash used in operating activities was ¥751 million, compared with cash provided of ¥4,776 million in the year-earlier period. This was mainly because cash outflow factors, including an increase in inventories, exceeded cash inflow factors, including a decrease in trade receivables and an increase in advances received.」
Despite the stated policy of reducing inventory, an increase in inventories was the main factor reducing operating cash flow during the quarter. Merchandise and finished goods also increased from ¥20,965 million at the end of the previous fiscal year to ¥25,938 million. - FY2020AdvancedAnnual report
「Current assets at the end of the consolidated fiscal year decreased by ¥1,751 million from the end of the previous fiscal year to ¥68,668 million. This was mainly because prepaid expenses increased by ¥1,422 million, while merchandise and finished goods decreased by ¥3,154 million.」
Against the policy of improving profitability by concentrating resources on growth areas and reducing inventory, merchandise and finished goods decreased by ¥3,154 million. Inventory reduction activities were also identified as an important audit item for the corporate auditors. - FY2018First statedAnnual report
「The Company also seeks to improve profitability by cutting costs through concentrating management resources on growth areas, reducing inventory and other measures.」
For the first time, the Company explicitly identified concentrating resources on growth areas, reducing inventory and cutting costs as specific measures to improve profitability.