Komori
Komehyo Holdings (2780) · FactInventory continued to increase, while operating cash outflows narrowedLatest Financial results presentation (2026-08-13): "Other"

Operating cash flow deficit due to higher inventories

First written in FY2017-Q2. 1 of 32 entries say "Mitigated", first in 2026-05-14. Latest entry: 2026-08-13.

32entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2017-Q2 – FY2026-H12016: 12017: 220172018: 420182019: 420192020: 420202021: 420212022: 320222023: 420232024: 220242025: 120252026: 32026
Same theme, other companies
Deterioration in Operating Cash Flow Due to Higher Working CapitalA theme 169 companies write about · 169 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2022: 40 of 150 companies on the "Worse" side.

74 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 169 companies compared. The sentences above are computed from all 169.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-13OtherFinancial results presentation

    「Inventories, the source of revenue, increased steadily due to strong purchases from individual customers and corporate procurement.」

    Inventories increased by ¥4,036 million from the end of March 2026 to the end of the first quarter, with strong individual-customer purchases and corporate procurement cited as the reasons.
  2. FY2026Inventory continued to increase, while operating cash outflows narrowedAnnual report

    「Net cash used in operating activities was ¥1,045 million. (The previous fiscal year recorded net cash used of ¥5,180 million.) This was mainly because an increase in trade receivables of ¥1,749 million, an increase in inventories of ¥9,892 million, an increase in unbilled receivables of ¥549 million, and income taxes paid of ¥1,402 million exceeded income before income taxes of ¥8,420 million, depreciation and amortization of ¥3,308 million, and other items.」

    Inventories increased by ¥9,892 million, so the cash burden continued, while the operating cash flow outflow decreased from ¥5,180 million in the previous fiscal year to ¥1,045 million.
  3. 2026-05-14MitigatedEarnings

    「Cash used as a result of operating activities was ¥1,045 million, compared with ¥5,180 million used in the previous fiscal year.」

    Although inventories continued to increase, the amount of cash used in operating activities declined from the previous fiscal year.
  4. FY2026-H1Continued inventory increase and reduced operating cash flow outflowAnnual report

    「Operating activities during the interim consolidated accounting period resulted in a net cash outflow of ¥176 million. (The corresponding period of the previous year recorded a net cash outflow of ¥4,208 million.) This was mainly because an increase in inventories of ¥4,832 million and income taxes paid of ¥481 million exceeded income before income taxes of ¥1,206 million, depreciation and amortization of ¥1,557 million, … an increase in trade payables of ¥1,267 million.」

    Inventories increased by ¥4,832 million, and the cash burden from inventories continued. Meanwhile, the operating cash flow outflow decreased from ¥4,208 million in the same period of the previous year to ¥176 million.
  5. FY2025-H1Inventory increase and continued operating cash flow outflowAnnual report

    「Operating activities during the interim consolidated accounting period resulted in a net cash outflow of ¥4,208 million. (The corresponding period of the previous year recorded a net cash outflow of ¥4,779 million.) This was mainly because a decrease in the provision for bonuses of ¥149 million, an increase in trade receivables of ¥389 million, an increase in inventories of ¥7,170 million, and income taxes paid of ¥1,415 million exceeded income before income taxes of ¥3,009 million, depreciation and amortization of ¥1,070 million, and an increase in trade payables of ¥821 million.」

    The increase in inventories was ¥7,170 million, and operating cash flow was an outflow of ¥4,208 million. The cash burden from the increase in inventories has continued.
  6. FY2024-Q3Increase in inventories acceleratesAnnual report

    「This was mainly due to increases in cash and deposits of ¥852 million, trade receivables of ¥1,235 million, inventories of ¥11,355 million, other current assets (deposits and other items) of ¥3,799 million, and property, plant and equipment (net) of ¥302 million, …」

    Inventories increased by ¥11,355 million from the end of the previous consolidated fiscal year, contributing to the increase in total assets.
  7. FY2024-Q2Inventory increase and greater operating cash flow outflowAnnual report

    「Operating activities during the six-month period ended resulted in a net cash outflow of ¥4,779 million. (The corresponding period of the previous year recorded a net cash outflow of ¥2,520 million.) This was mainly because an increase in inventories of ¥6,910 million and income taxes paid of ¥982 million exceeded income before income taxes of ¥3,205 million.」

    The increase in inventories was ¥6,910 million, and the operating cash flow outflow increased from ¥2,520 million in the same period of the previous year to ¥4,779 million.
  8. FY2024-Q1First-quarter inventory increase updateAnnual report

    「This was mainly because increases in trade receivables of ¥473 million, inventories of ¥4,216 million, other current assets (unbilled receivables and other items) of ¥730 million, other intangible assets (software and other items) of ¥186 million, and investments and other assets of ¥121 million exceeded the decrease of ¥1,001 million in cash and deposits.」

    Inventories increased by ¥4,216 million from the end of the previous consolidated fiscal year, contributing to the increase in total assets by more than the decrease in cash and deposits.
  9. FY2023Full-year inventory increase updateAnnual report

    「Net cash provided by operating activities was ¥1,536 million. (The previous fiscal year recorded net cash provided of ¥1,134 million.) This was mainly because income before income taxes of ¥5,318 million, depreciation and amortization of ¥1,215 million, and an increase in the provision for bonuses of ¥189 million exceeded an increase in trade receivables of ¥518 million, an increase in inventories of ¥2,962 million, and income taxes paid of ¥1,710 million.」

    Inventories increased by ¥2,962 million, while operating cash flow was an inflow of ¥1,536 million.
  10. FY2023-Q3Third-quarter inventory increase updateAnnual report

    「This was mainly due to increases in cash and deposits of ¥1,292 million, trade receivables of ¥879 million, inventories of ¥5,248 million, other current assets (deposits and other items) of ¥569 million, other intangible assets (software and other items) of ¥287 million, goodwill of ¥103 million, and investments and other assets of ¥307 million.」

    Inventories increased by ¥5,248 million from the end of the previous consolidated fiscal year, contributing to the increase in total assets.
  11. FY2023-Q2Inventory increase and greater operating cash flow outflowAnnual report

    「Operating activities during the six-month period ended resulted in a net cash outflow of ¥2,520 million. (The corresponding period of the previous year recorded a net cash outflow of ¥1,503 million.) This was mainly because an increase in inventories of ¥3,174 million and income taxes paid of ¥956 million exceeded income before income taxes of ¥1,656 million.」

    The increase in inventories was ¥3,174 million, and the operating cash flow outflow increased from ¥1,503 million in the same period of the previous year to ¥2,520 million.
  12. FY2023-Q1First-quarter inventory increase updateAnnual report

    「This was mainly due to increases in cash and deposits of ¥866 million, inventories of ¥2,900 million, other intangible assets (software and other items) of ¥346 million, and investments and other assets of ¥355 million.」

    Inventories increased by ¥2,900 million from the end of the previous consolidated fiscal year, contributing to the increase in total assets.
  13. FY2022-Q3Third-quarter inventory increase updateAnnual report

    「This was mainly because increases in trade receivables of ¥384 million, inventories of ¥3,579 million, other current assets (deposits and other items) of ¥290 million, and lease assets (intangible assets) of ¥282 million exceeded decreases in cash and deposits of ¥2,429 million and property, plant and equipment (net) of ¥193 million.」

    Inventories increased by ¥3,579 million from the end of the previous consolidated fiscal year, contributing to the increase in total assets. No cash flow statement was prepared for the cumulative third quarter.
  14. FY2022-Q2Inventory increase and operating cash flow turning negativeAnnual report

    「Operating activities during the six-month period ended resulted in a net cash outflow of ¥1,503 million. (The corresponding period of the previous year recorded a net cash inflow of ¥2,109 million.) This was mainly because an increase in inventories of ¥2,411 million, a decrease in consumption taxes and other taxes payable of ¥531 million, and income taxes paid of ¥428 million exceeded income before income taxes of ¥1,127 million, depreciation and amortization of ¥457 million, an increase in the provision for bonuses of ¥134 million, and a decrease in trade receivables of ¥103 million.」

    Inventories increased by ¥2,411 million, and operating cash flow shifted from an inflow of ¥2,109 million in the same period of the previous year to an outflow of ¥1,503 million.
  15. FY2022-Q1Inventory increase updateAnnual report

    「Total assets at the end of the first quarter of the current consolidated fiscal year were ¥36,471 million, down ¥930 million from the end of the previous consolidated fiscal year. This was mainly because the decrease of ¥3,454 million in cash and deposits exceeded the increase of ¥2,434 million in inventories.」

    Inventories increased by ¥2,434 million from the end of the previous consolidated fiscal year, updating the asset composition alongside the decrease in cash and deposits.
  16. FY2021Positive operating cash flow and inventory declineAnnual report

    「Net cash provided by operating activities was ¥4,379 million. (The previous fiscal year recorded net cash used of ¥1,268 million.) This was mainly because income before income taxes of ¥452 million, depreciation and amortization of ¥944 million, amortization of goodwill of ¥126 million, a decrease in inventories of ¥2,216 million, a decrease in unbilled receivables of ¥776 million, and an increase in consumption taxes and other taxes payable of ¥546 million exceeded the loss before income taxes of ¥452 million, an increase in trade receivables of ¥207 million, and income taxes paid of ¥223 million.」

    Inventories decreased by ¥2,216 million, and operating cash flow shifted from an outflow of more than ¥1.2 billion in the previous fiscal year to an inflow of more than ¥4.3 billion.
  17. FY2021-Q3Continued inventory declineAnnual report

    「This was mainly because increases in cash and deposits of ¥3,902 million, trade receivables of ¥356 million, and other intangible assets (software under construction and other items) of ¥587 million exceeded decreases in inventories of ¥1,051 million and other current assets (unbilled receivables and other items) of ¥402 million.」

    Inventories decreased by ¥1,051 million from the end of the previous consolidated fiscal year, continuing the inventory decline seen through the previous quarter.
  18. FY2021-Q2Inventory decline and positive operating cash flowAnnual report

    「Net cash provided by operating activities during the six-month period ended was ¥2,109 million. (The corresponding period of the previous year recorded a net cash outflow of ¥1,332 million.) This was mainly because depreciation and amortization of ¥464 million, a decrease in trade receivables of ¥200 million, a decrease in inventories of ¥1,773 million, a decrease in unbilled receivables of ¥924 million, and an increase in consumption taxes payable of ¥214 million exceeded the loss before income taxes of ¥1,390 million and income taxes paid of ¥106 million.」

    Inventories decreased by ¥1,773 million, and operating cash flow shifted from an outflow of ¥1,332 million in the same period of the previous year to an inflow of ¥2,109 million.
  19. FY2021-Q1Decrease in inventory balanceAnnual report

    「This was mainly because increases in cash and deposits of ¥4,428 million, property, plant and equipment (net) of ¥357 million, and other intangible assets (software under construction and other items) of ¥470 million exceeded decreases in trade receivables of ¥275 million, inventories of ¥1,473 million, and other current assets (unbilled receivables and other items) of ¥268 million.」

    Inventories decreased by ¥1,473 million from the end of the previous fiscal year, marking a change from the previous situation of rising inventories and the resulting burden on operating cash flow.
  20. FY2020Operating cash flow turned negative as inventories increasedAnnual report

    「Cash used in operating activities was ¥1,268 million, compared with ¥1,447 million generated in the previous fiscal year. This was mainly because the ¥1,419 million increase in inventories, the ¥259 million increase in other receivables, the ¥510 million decrease in trade payables and income taxes paid of ¥527 million exceeded depreciation and amortization of ¥631 million and the ¥839 million decrease in trade receivables.」

    Operating cash flow shifted from an inflow of more than ¥1.4 billion in the previous fiscal year to an outflow of more than ¥1.2 billion, as the cash burden from the increase in inventories grew.
  21. FY2020-Q3Increase in inventories acceleratedAnnual report

    「This was mainly because increases of ¥927 million in cash and deposits, ¥1,173 million in accounts receivable, ¥4,191 million in inventories, ¥1,035 million in other current assets, including deposits, ¥373 million in property, plant and equipment and ¥1,018 million in intangible fixed assets, resulting from K-Brand Off Co., Ltd. and its two consolidated subsidiaries becoming group companies, exceeded the ¥492 million decrease in investments and other assets.」

    The consolidation of Brand Off and other companies increased inventories by ¥4,191 million from the end of the previous fiscal year, contributing to the increase in total assets.
  22. FY2020-Q2Higher operating cash outflows and inventoriesAnnual report

    「Cash flow from operating activities for the six months ended 30 September was an outflow of ¥1,332 million, compared with an outflow of ¥1,011 million in the same period of the previous year. This was mainly because the increase in trade receivables of ¥612 million, the increase in inventories of ¥1,307 million and income taxes paid of ¥369 million exceeded pretax quarterly profit of ¥308 million and the ¥717 million increase in trade payables.」

    Operating cash outflows increased from ¥1,011 million in the same quarter of the previous year to ¥1,332 million, while the increase in inventories was ¥1,307 million.
  23. FY2020-Q1Higher quarterly inventory balanceAnnual report

    「This was mainly because the ¥1,729 million increase in inventories and the ¥277 million increase in buildings and structures, net, exceeded the ¥823 million decrease in cash and deposits.」

    Inventories at the end of the quarter increased by ¥1,729 million from the end of the previous fiscal year, contributing to the increase in total assets.
  24. FY2019Update on higher inventoryAnnual report

    「This was mainly because pretax profit of ¥1,764 million, depreciation and amortization of ¥519 million and a ¥126 million decrease in trade receivables exceeded a ¥220 million decrease in liabilities related to retirement benefits, a ¥216 million increase in inventories and income taxes paid of ¥640 million.」

    Operating cash flow was ¥1,447 million, while the cash burden from the increase in inventories was ¥216 million.
  25. FY2019-Q3Update on higher inventoryAnnual report

    「This was mainly due to increases of ¥880 million in cash and deposits, ¥670 million in accounts receivable, ¥2,322 million in inventories, ¥1,049 million in other assets, including deposits, ¥425 million in intangible fixed assets and ¥587 million in investments and other assets.」

    Inventories increased by ¥2,322 million from the end of the previous fiscal year, contributing to the increase in total assets.
  26. FY2019-Q2Higher operating cash outflows and inventoriesAnnual report

    「Cash flow from operating activities for the six months ended 30 September was an outflow of ¥1,011 million, compared with an outflow of ¥845 million in the same period of the previous year. This was mainly because the increase in inventories of ¥1,297 million, the ¥149 million increase in other receivables and income taxes paid of ¥389 million exceeded pretax quarterly profit of ¥490 million and the ¥326 million increase in trade payables.」

    Operating cash outflows increased from ¥845 million in the same quarter of the previous year to ¥1,011 million, while inventories also increased by ¥1,297 million.
  27. FY2019-Q1Higher quarterly inventory balanceAnnual report

    「This was mainly because the ¥1,561 million increase in inventories exceeded the ¥1,097 million decrease in cash and deposits.」

    Inventories increased by ¥1,561 million during the quarter, contributing to the increase in total assets. No quarterly statement of cash flows was prepared.
  28. FY2018Update on full-year operating cash flow and inventory balanceAnnual report

    「Cash generated from operating activities was ¥1,715 million, compared with ¥536 million in the previous fiscal year. This was mainly because pretax profit of ¥1,622 million, depreciation and amortization of ¥530 million, a ¥199 million decrease in trade receivables and an income tax refund of ¥207 million exceeded a ¥206 million decrease in liabilities related to retirement benefits, a ¥511 million increase in inventories and income taxes paid of ¥177 million.」

    Operating cash flow improved from ¥536 million to ¥1,715 million, while inventories increased by ¥511 million.
  29. FY2018-Q3Update on higher inventory balanceAnnual report

    「Inventories 10,022,342 11,706,711」

    The inventory balance increased from ¥10,022 million at the end of the previous consolidated fiscal year to ¥11,706 million. The third-quarter report did not include a quarterly consolidated statement of cash flows.
  30. FY2018-Q2Operating cash outflows continuedAnnual report

    「Cash flow from operating activities for the six months ended 30 September was an outflow of ¥845 million. This was mainly because the increase in inventories of ¥1,694 million and income taxes paid of ¥108 million exceeded pretax quarterly profit of ¥485 million, depreciation and amortization of ¥262 million, and the ¥218 million decrease in trade receivables.」

    Operating cash flow was an outflow of ¥845 million, and inventories increased by ¥1,694 million. Although the operating cash outflow narrowed from the same quarter of the previous year, the cash burden from higher inventories continued.
  31. FY2017Update to full-year cash flowsAnnual report

    「Cash generated from operating activities was ¥536 million, compared with ¥2,855 million in the previous fiscal year. This was mainly due to ... a ¥478 million decrease in inventories ...」

    Full-year operating cash flow declined to ¥536 million, while inventories decreased by ¥478 million.
  32. FY2017-Q2First statedAnnual report

    「Cash flow from operating activities for the six months ended 30 September was an outflow of ¥1,412 million. This was mainly due to a ¥1,129 million increase in inventories and ¥322 million in income taxes paid.」

    Cash flow from operating activities was an outflow of ¥1,412 million, primarily due to a ¥1,129 million increase in inventories.
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Komehyo Holdings's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Financial results presentation of 2026-08-13: "Other".
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