Ongoing Marketing Investment, Losses and Negative Operating Cash Flow
First written in FY2019. 11 of 26 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
Tsukuruba moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2018: 4 of 18 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Cash provided by operating activities amounted to ¥16.085 million.」
Operating cash flow turned from an outflow of ¥1,477.686 million in the previous consolidated fiscal year to an inflow of ¥16.085 million, easing the ongoing negative operating cash flow position. However, cash outflows including ¥189.025 million from an increase in inventories and interest paid remain. - FY2026-H1WorsenedAnnual report
「Cash used in operating activities amounted to ¥1,572.521 million, compared with ¥936.163 million used in the same period of the previous year. This was mainly due to an increase in inventories of ¥1,427.057 million, a ¥113.875 million decrease in accounts payable and other liabilities, and an interim loss before income taxes and other adjustments of ¥48.117 million.」
Cash used in operating activities increased from ¥936.163 million in the same period of the previous year to ¥1,572.521 million. The ¥1,427.057 million increase in inventories was the main cash outflow factor, further increasing negative operating cash flow. - FY2025-H1WorsenedAnnual report
「Net loss for the interim period attributable to owners of the parent was ¥15.723 million, compared with net income for the interim period attributable to owners of the parent of ¥123.318 million in the same period of the previous year. Cash used in operating activities amounted to ¥936.163 million, compared with ¥891.632 million used in the same period of the previous year.」
Although operating income increased, the company reported a net loss for the interim period attributable to owners of the parent of ¥15.723 million due to extraordinary losses and non-operating expenses. Cash used in operating activities also amounted to ¥936.163 million, up from ¥891.632 million in the same period of the previous year. Company-wide profitability and negative operating cash flow continued to coexist. - FY2024Company-wide profitability alongside negative operating cash flowAnnual report
「Cash used in operating activities amounted to ¥900.551 million. This was mainly because cash outflow factors, including an increase in inventories of ¥983.691 million, exceeded cash inflow factors, including income before income taxes and other adjustments of ¥199.648 million.」
The company returned to profitability, reporting operating income of ¥155.256 million and net income of ¥215.658 million, while cash used in operating activities amounted to ¥900.551 million due to the increase in inventories. - FY2024-Q2WorsenedAnnual report
「Cash used in operating activities amounted to ¥891.632 million. This was mainly because cash outflow factors, including an increase in inventories of ¥817.247 million, exceeded cash inflow factors, including income before income taxes and other adjustments of ¥125.896 million.」
The cumulative second quarter recorded cash used in operating activities of ¥891.632 million. The ¥817.247 million increase in inventories was the main cash outflow factor, resulting in negative operating cash flow in the actual results. - FY2024-Q1MitigatedAnnual report
「As a result, revenue for the cumulative first quarter of the consolidated fiscal year was ¥1,152,517 thousand, operating profit was ¥49,139 thousand, ordinary profit was ¥44,471 thousand, and net profit attributable to owners of the parent was ¥45,080 thousand.」
Against the continued operating losses, ordinary losses and net losses for the company as a whole, the cumulative first quarter of the current fiscal year on a consolidated basis recorded operating income, ordinary income and net income for the quarter attributable to owners of the parent, reducing the risk of losses. However, no quarterly consolidated cash flow statement was prepared. - FY2023MitigatedAnnual report
「Cash used in operating activities amounted to ¥85.476 million, compared with ¥1,025.358 million used in the previous fiscal year.」
Cash used in operating activities fell substantially from ¥1,025.358 million in the previous fiscal year to ¥85.476 million. Operating loss also narrowed to ¥132.468 million, but losses and negative operating cash flow remained. - FY2023-Q3MitigatedAnnual report
「As a result, revenue for the cumulative third quarter was ¥2,665.859 million, up 37.9% year on year, operating loss was ¥201.924 million, compared with an operating loss of ¥669.351 million in the same period of the previous year, ordinary loss was ¥215.512 million, compared with an ordinary loss of ¥683.390 million, and net loss for the quarter was ¥220.153 million, compared with a net loss for the quarter of ¥709.220 million.」
The increase in revenue and substantial reductions in operating loss, ordinary loss and net loss further alleviated the expansion of losses. However, the company still reported an operating loss for the cumulative third quarter, and no quarterly cash flow statement was prepared. - FY2023-Q2Smaller losses and increased operating cash-flow outflowAnnual report
「As a result, revenue for the cumulative second quarter was ¥1,567.340 million, up 28.5% year on year, and operating loss was ¥189.679 million, compared with an operating loss of ¥496.603 million in the same period of the previous year. Cash used in operating activities amounted to ¥544.530 million, compared with ¥452.414 million used in the same period of the previous year.」
The increase in revenue and narrower operating loss partially alleviated the loss-making position, while cash used in operating activities increased from ¥452.414 million in the same period of the previous year to ¥544.530 million. - FY2023-Q1MitigatedAnnual report
「Against this backdrop, we focused on expanding the scale of the cowcamo business, our core business, through service improvements, including the provision of new services, and strengthening the organisational structure. As a result, revenue for the cumulative first quarter was ¥742,709 thousand, up 31.3% year on year, while the operating loss was ¥100,624 thousand, compared with an operating loss of ¥244,989 thousand in the same period of the previous year, the ordinary loss was ¥106,999 thousand, compared with an ordinary loss of ¥253,460 thousand, and the quarterly net loss was ¥110,196 thousand, compared with a quarterly net loss of ¥253,080 thousand.」
Revenue increased from the same period of the previous year, while operating loss, ordinary loss and net loss narrowed, partially alleviating the expansion of losses. However, the company still reported an operating loss in the current first quarter, and no cash flow statement was prepared. - FY2022-Q3WorsenedAnnual report
「As a result, revenue for the cumulative third quarter was ¥1,933,069 thousand, up 69.9% year on year, while the operating loss was ¥669,351 thousand, compared with an operating loss of ¥236,908 thousand in the same period of the previous year, the ordinary loss was ¥683,390 thousand, compared with an ordinary loss of ¥232,880 thousand, and the quarterly net loss was ¥709,220 thousand, compared with a quarterly net loss of ¥253,224 thousand.」
Although revenue increased, operating loss, ordinary loss and net loss for the quarter all increased from the same period of the previous year, and losses expanded further amid continued investment in marketing and service development. - FY2022-Q2WorsenedAnnual report
「Cash used in operating activities amounted to ¥452.414 million, compared with ¥30.916 million used in the same period of the previous year.」
Cash used in operating activities increased from ¥30.916 million in the same period of the previous year to ¥452.414 million. Together with the larger operating loss, this indicates a deterioration in losses and negative operating cash flow. - FY2022-Q1WorsenedAnnual report
「As a result, revenue for the cumulative first quarter was ¥565.668 million, up 52.5% year on year, operating loss was ¥244.989 million, compared with an operating loss of ¥45.480 million in the same period of the previous year, ordinary loss was ¥253.460 million, compared with an ordinary loss of ¥44.207 million, and net loss for the quarter was ¥253.080 million, compared with a net loss for the quarter of ¥53.339 million.」
Although revenue increased, operating loss, ordinary loss and net loss for the quarter all increased from the same period of the previous year, and losses continued. - FY2021WorsenedAnnual report
「Cash used in operating activities amounted to ¥437.819 million, compared with ¥78.533 million used in the previous fiscal year.」
Cash used in operating activities increased from ¥78.533 million to ¥437.819 million, with operating losses and negative operating cash flow continuing. - FY2021-Q3WorsenedAnnual report
「As a result, revenue for the cumulative third quarter was ¥1,137.714 million, down 20.8% year on year, operating loss was ¥236.908 million, compared with an operating loss of ¥32.880 million in the same period of the previous year, ordinary loss was ¥232.880 million, compared with an ordinary loss of ¥38.354 million, and net loss for the quarter was ¥253.224 million, compared with a net loss for the quarter of ¥91.632 million.」
Operating loss, ordinary loss and net loss for the quarter all increased from the same period of the previous year, and losses continued. As no quarterly cash flow statement was prepared, operating cash flow for the cumulative quarter cannot be confirmed. - FY2021-Q2WorsenedAnnual report
「Cash used in operating activities amounted to ¥30.916 million, compared with ¥13.024 million used in the same period of the previous year.」
Cash used in operating activities increased from ¥13.024 million in the same period of the previous year to ¥30.916 million. An operating loss of ¥118.396 million was also reported, with operating losses and negative operating cash flow continuing. - FY2021-Q1WorsenedAnnual report
「As a result, revenue for the cumulative first quarter was ¥371.031 million, down 18.1% year on year, operating loss was ¥45.480 million, compared with operating income of ¥24.966 million in the same period of the previous year, ordinary loss was ¥44.207 million, compared with ordinary income of ¥24.605 million, and net loss for the quarter was ¥53.339 million, compared with net income for the quarter of ¥18.083 million.」
While the company reported operating profitability, ordinary profitability and net income in the same period of the previous year, it reported an operating loss, an ordinary loss and a net loss in the cumulative first quarter, indicating that losses continued. - FY2020MaterialisedAnnual report
「Cash used in operating activities amounted to ¥78.533 million, compared with ¥399.741 million generated in the previous fiscal year.」
The company used ¥78.533 million in operating cash flow for the full fiscal year, confirming operating losses and negative operating cash flow in its results. - FY2020-Q3MaterialisedAnnual report
「The company reported an operating loss of ¥32.880 million, compared with operating income of ¥11.487 million in the same period of the previous year, and an ordinary loss of ¥38.354 million, compared with ordinary income of ¥6.832 million.」
The cumulative third quarter resulted in an operating loss and an ordinary loss, marking a shift from the profitability reported through the previous quarter. No quarterly cash flow statement was prepared, so the filing does not provide information on operating cash flow. - FY2020-Q2Profit remains positive while operating cash flow is negativeAnnual report
「Cash used in operating activities amounted to ¥13.024 million.」
Although operating income of ¥36.496 million was reported for the cumulative second quarter, cash used in operating activities amounted to ¥13.024 million. Loss-related risks were being contained, but negative operating cash flow had not been eliminated. - FY2020-Q1MitigatedAnnual report
「As a result, revenue for the cumulative first quarter was ¥453.237 million, operating income was ¥24.966 million, ordinary income was ¥24.605 million, and net income for the quarter was ¥18.083 million.」
The company reported operating income of ¥24.966 million in the first quarter, compared with the risk of losses stated through the previous fiscal year, indicating that the risk of losses had declined. However, no quarterly cash flow statement was prepared, and the company did not demonstrate that it had achieved recurring cash flow generation. - FY2019First statedAnnual report
「We plan to continue making marketing and other investments, while establishing a structure that can consistently generate profit and cash flow exceeding the level of those investments.」
The company disclosed that it had recorded an operating loss and negative operating cash flow through the first quarter of the fiscal year ended July 2019, indicating the risk that investment returns could fall short of expectations.