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Nextage (3186) · FactContinued growth in merchandise inventory

Improvement in Inventory Turnover

First written in FY2016-Q2. 7 of 25 entries say "Restated". Latest entry: FY2026-H1.

25entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016-Q2 – FY2020-Q3OtherFY2021-Q1 – FY2026-H12016: 220162017: 120172018: 220182019: 220192020: 320202021: 420212022: 320222023: 420232024: 220242025: 120252026: 12026
Same theme, other companies
Inventory Optimization and Supply Chain Transformation Through Advanced Demand-Supply and Merchandise PlanningA theme 91 companies write about · 1 as a headwind · 95 as a tailwind

The whole theme swung hardest in 2026: 7 of 56 companies on the "Worse" side.

12 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 91 companies compared. The sentences above are computed from all 91.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1Continued growth in merchandise inventoryAnnual report

    「Current assets increased by ¥26.976 billion from the end of the previous consolidated fiscal year to ¥163.324 billion. The main factors were increases of ¥15.655 billion in cash and deposits, ¥4.935 billion in accounts receivable and ¥7.0 billion in merchandise.」

    Merchandise inventory increased by ¥7.0 billion from the end of the previous fiscal year, and the increase in inventory continued.
  2. FY2025-H1Increase in product inventoryAnnual report

    「The main factor was a ¥7.780 billion increase in merchandise.」

    Merchandise inventory increased by ¥7.780 billion from the end of the previous fiscal year, and the increase in inventory continued.
  3. FY2024-Q2Continued growth in merchandise inventoryAnnual report

    「Current assets increased by ¥21.056 billion from the end of the previous consolidated fiscal year to ¥129.646 billion. The main factors were increases of ¥11.518 billion in cash and deposits and ¥4.475 billion in merchandise.」

    Merchandise increased by ¥4.475 billion from the end of the previous consolidated fiscal year, and the increase in merchandise inventory continued.
  4. FY2024-Q1Shift to an increase in merchandise inventoryAnnual report

    「Current assets increased by ¥15.1 billion from the end of the previous consolidated fiscal year to ¥123.690 billion. The main factors were increases of ¥8.311 billion in cash and deposits and ¥6.306 billion in merchandise.」

    The decline in merchandise inventory that had continued through the previous fiscal year reversed, with merchandise increasing by ¥6.306 billion from the end of the previous fiscal year.
  5. FY2023-Q3Continued decrease in merchandise inventoryAnnual report

    「Current assets decreased by ¥9.898 billion from the end of the previous consolidated fiscal year to ¥101.259 billion. The main factor was a ¥15.603 billion decrease in merchandise, despite a ¥2.583 billion increase in cash and deposits.」

    The merchandise balance decreased by ¥15.603 billion from the end of the previous fiscal year, and the decline in inventory continued.
  6. FY2023-Q2Continued decrease in merchandise inventoryAnnual report

    「Current assets decreased by ¥7.863 billion from the end of the previous consolidated fiscal year to ¥103.293 billion. The main factor was a ¥18.476 billion decrease in merchandise, despite an ¥8.192 billion increase in cash and deposits.」

    The merchandise balance decreased by ¥18.476 billion from the end of the previous fiscal year, and the decline in inventory continued.
  7. FY2023-Q1Decrease in merchandise inventoryAnnual report

    「The main factors were decreases of ¥1.021 billion in cash and deposits and ¥15.053 billion in merchandise.」

    The merchandise balance decreased by ¥15.053 billion, from ¥72.563 billion at the end of the previous fiscal year to ¥57.509 billion.
  8. FY2022Inventory days updated to approximately 40 daysAnnual report

    「As of the end of November 2022, inventory days for used-vehicle merchandise were approximately 40 days.」

    Inventory days for used-vehicle merchandise improved from 43 days at the end of November 2021 to approximately 40 days, but remained above the previous target of 30 days or less.
  9. FY2022-Q3Increase in product inventoryAnnual report

    「Current assets increased by ¥21.266 billion from the end of the previous consolidated fiscal year to ¥96.132 billion. The main factors were increases of ¥4.691 billion in accounts receivable and ¥15.798 billion in merchandise.」

    Merchandise inventory increased by ¥15.798 billion from the end of the previous fiscal year, bringing the balance to ¥57.150 billion. The actual figure against the previous target of inventory days of 30 days or less is not disclosed.
  10. FY2022-Q2Increase in product inventoryAnnual report

    「The main factors were increases of ¥2.547 billion in cash and deposits, ¥3.491 billion in accounts receivable and ¥8.109 billion in merchandise.」

    Merchandise inventory increased by ¥8.109 billion from the end of the previous fiscal year, bringing the balance to ¥49.462 billion. The actual figure for the quarter against the previous target of inventory days of 30 days or less is not disclosed.
  11. FY2021Actual inventory days disclosedAnnual report

    「Because the Group handles a large volume of merchandise and a wide range of vehicle models at its stores, merchandise management is important. Accordingly, it regards inventory days as a key metric and operates with lead times in mind. As of the end of November 2021, inventory days for used-vehicle merchandise were 43 days.」

    In addition to the previous target of inventory days of 30 days or less, the actual figure of 43 days for used-vehicle merchandise inventory days at the end of November 2021 was disclosed.
  12. FY2021-Q3Increase in product inventoryAnnual report

    「The main factors were increases of ¥1.274 billion in accounts receivable and ¥1.683 billion in merchandise.」

    Merchandise inventory increased by ¥1.683 billion from the end of the previous fiscal year, bringing the balance to ¥34.635 billion.
  13. FY2021-Q2Slight decrease in merchandise inventoryAnnual report

    「Merchandise 32,951 32,711」

    The merchandise balance decreased by ¥240 million, from ¥32.951 billion at the end of the previous fiscal year to ¥32.711 billion.
  14. FY2021-Q1Increase in product inventoryAnnual report

    「The main factors were a ¥4.178 billion decrease in cash and deposits and a ¥4.152 billion increase in merchandise.」

    Merchandise inventory increased by ¥4.152 billion from the end of the previous fiscal year. The actual figure for the quarter against the previous target of inventory days of 30 days or less is not disclosed.
  15. FY2020Specific target for inventory daysAnnual report

    「As the Group handles a large volume of merchandise and a wide range of vehicle models at its stores, merchandise management is important. Accordingly, it regards inventory days as a key metric and operates with lead times in mind. As of the end of November 2021, inventory days for used vehicles were 43 days.」

    In addition to the previous references to improving inventory turnover, a specific target of inventory days of 30 days or less was disclosed.
  16. FY2020-Q3RestatedAnnual report

    「Current assets increased by ¥11.314 billion from the end of the previous consolidated fiscal year to ¥72.826 billion. The main factor was an increase of ¥22.881 billion in cash and deposits, despite a ¥9.137 billion decrease in merchandise.」

    The decrease in merchandise inventory has continued. However, this quarterly report does not provide a figure for inventory turnover itself.
  17. FY2020-Q2RestatedAnnual report

    「Cash flow from operating activities was an inflow of ¥10.663 billion, compared with an inflow of ¥2.499 billion in the same period of the previous year. This was mainly attributable to depreciation and amortization of ¥1.606 billion and a ¥7.143 billion decrease in inventories.」

    Although inventory turnover itself is not mentioned, the decrease in inventories and the inflow from operating cash flow are confirmed.
  18. FY2019RestatedAnnual report

    「The increase in revenue at existing stores was attributable to stores opened during the previous fiscal year operating for the full year and an increase in unit sales resulting from improved inventory turnover.」

    Improved inventory turnover continues to be cited as a factor behind higher unit sales and revenue at existing stores.
  19. FY2019-Q3RestatedAnnual report

    「Against this backdrop, our group worked to expand opportunities to provide services by improving inventory turnover, investing capital in vehicle-inspection and maintenance facilities and the vehicle-purchase business, and promoting lifetime and household transactions in order to maximize earnings across the used-car business cycle.」

    The improvement in inventory turnover is explicitly identified as a measure to maximize earnings over the used-car business cycle.
  20. FY2018RestatedAnnual report

    「The increase in revenue at existing stores was attributable to stores opened during the previous fiscal year operating for the full year and an increase in unit sales resulting from improved inventory turnover.」

    Improved inventory turnover is again cited as a factor behind the increase in unit sales and revenue at existing stores.
  21. FY2018-Q2DroppedAnnual report
    This filing does not explicitly mention an improvement in inventory turnover.
  22. FY2017RestatedAnnual report

    「Revenue at existing stores, defined as stores that have been open for 13 months or more, also increased by ¥13.579 billion. The increase in revenue at existing stores was attributable to stores opened during the previous fiscal year operating for the full year and an increase in unit sales resulting from improved inventory turnover.」

    Improved inventory turnover is again cited as a factor behind the increase in unit sales and revenue at existing stores.
  23. FY2017-Q2RestatedAnnual report

    「The main factors were increases of ¥833 million in cash and deposits and ¥1.190 billion in accounts receivable, while merchandise decreased by ¥707 million as a result of improved inventory turnover.」

    The previously unmentioned improvement in inventory turnover is mentioned again and identified as a factor behind the ¥707 million decrease in merchandise.
  24. FY2016-Q3DroppedAnnual report
    The analysis of financial position in this filing does not mention the improvement in inventory turnover described previously.
  25. FY2016-Q2First statedAnnual report

    「The main factors were increases of ¥3.972 billion in cash and deposits and ¥791 million in accounts receivable, while merchandise decreased by ¥1.697 billion as a result of improved inventory turnover.」

    Improved inventory turnover is cited as a factor behind the decrease in merchandise balances.
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Improvement in Inventory Turnover | NEXTAGE Co.,Ltd. (3186) | Komori