Operating Cash Flow Turning Negative Due to Inventory Growth
First written in FY2016. 9 of 27 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2026-H1.
Nextage moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 38 of 139 companies on the "Worse" side.
32 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Cash flows from operating activities amounted to an inflow of ¥502 million, compared with an inflow of ¥1,840 million in the same period of the previous year.」
Cash flows from operating activities improved from ¥1,840 million in the same period of the previous year to ¥5,002 million. Meanwhile, inventories increased by ¥7,244 million. - 2026-04-06WorsenedEarnings
「Current assets increased by ¥902 million from the end of the previous consolidated fiscal year to ¥137.249 billion. The main factor was a ¥2.757 billion increase in merchandise.」
Merchandise increased by ¥2.757 billion from the end of the previous fiscal year, continuing the adverse trend in the theme concerning the impact of higher inventories on operating cash flow. - FY2025-H1WorsenedAnnual report
「Cash flows from operating activities amounted to an inflow of ¥1,840 million, compared with an inflow of ¥7,265 million in the same period of the previous year. Change in inventories (a negative figure indicates an increase) 527 △ 7,714」
Cash flows from operating activities decreased from an inflow of ¥7,265 million in the same period of the previous year to an inflow of ¥1,840 million, while inventories increased by ¥7,714 million. - FY2024-Q2WorsenedAnnual report
「Cash flows from operating activities amounted to an inflow of ¥7,265 million, compared with an inflow of ¥28,236 million in the same period of the previous year. This was mainly due to quarterly profit before income taxes of ¥7,610 million.」
Cash flows from operating activities decreased substantially from an inflow of ¥28,236 million in the same period of the previous year to an inflow of ¥7,265 million. The increase in inventories was ¥527 million, reducing the cash inflow effect from the substantial inventory decrease in the same period of the previous year. - FY2023-Q2MitigatedAnnual report
「Cash flows from operating activities amounted to an inflow of ¥28,236 million, compared with an outflow of ¥2,331 million in the same period of the previous year. This was mainly due to quarterly profit before income taxes of ¥7,791 million and a decrease in inventories of ¥18,477 million.」
Inventories decreased by ¥18,477 million, and cash flows from operating activities changed from an outflow in the same period of the previous year to an inflow of ¥28,236 million. - FY2023-Q1MitigatedAnnual report
「The main factors were decreases of ¥1.021 billion in cash and deposits and ¥15.053 billion in merchandise.」
Inventories decreased by ¥15,053 million from the end of the previous fiscal year. However, a consolidated cash flow statement was not prepared for the cumulative first quarter. - FY2022WorsenedAnnual report
「Cash flows from operating activities amounted to an outflow of ¥17,853 million, compared with an inflow of ¥3,214 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥18,765 million, together with an increase in inventories of ¥31,383 million and income taxes paid of ¥4,712 million.」
The increase in inventories expanded from ¥8,569 million to ¥31,383 million, and cash flows from operating activities changed from an inflow in the previous year to an outflow of ¥17,853 million. - FY2022-Q3Higher merchandise inventories; statement of cash flows not preparedAnnual report
「The main factors were increases of ¥4,691 million in accounts receivable and ¥15,798 million in merchandise. A quarterly consolidated cash flow statement was not prepared for the cumulative third quarter of the current fiscal year.」
Inventories increased by ¥15,798 million from the end of the previous fiscal year, but no cash flow statement was prepared for the cumulative third quarter, and the impact on cash flows from operating activities is not shown in this filing. - FY2022-Q2WorsenedAnnual report
「Cash flows from operating activities amounted to an outflow of ¥2,331 million, compared with an inflow of ¥2,833 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥8,929 million, while trade receivables increased by ¥4,631 million and inventories increased by ¥8,167 million.」
Inventories increased by ¥8,167 million, and cash flows from operating activities changed from an inflow of ¥2,833 million in the same period of the previous year to an outflow of ¥2,331 million. - FY2022-Q1Higher merchandise inventories; statement of cash flows not preparedAnnual report
「The main factors were a ¥5,889 million increase in merchandise, partly offset by a ¥1,985 million decrease in cash and deposits.」
Inventories increased by ¥5,889 million from the end of the previous fiscal year. A cash flow statement was not prepared for the cumulative first quarter of the current fiscal year. - FY2021WorsenedAnnual report
「Net cash provided by operating activities was ¥3,214 million, compared with ¥19,269 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥13,301 million, depreciation and amortization of ¥3,933 million, an increase in inventories of ¥8,569 million and income taxes paid of ¥2,151 million.」
Inventories increased by ¥8,569 million, while cash flows from operating activities decreased from an inflow of ¥19,269 million in the previous year to an inflow of ¥3,214 million. - FY2021-Q3Higher merchandise inventories; statement of cash flows not preparedAnnual report
「The quarterly consolidated cash flow statement for the cumulative third quarter was not prepared.」
Merchandise inventories increased by ¥1,683 million from the end of the previous fiscal year, but no statement of cash flows was prepared for the nine-month period of the third quarter. - FY2021-Q2MitigatedAnnual report
「Change in inventories (△ indicates an increase) 7,143 120」
Inventories decreased by ¥7,143 million in the same period of the previous year and by ¥120 million in the current period. Operating cash flow did not turn into an outflow due to higher inventories. - FY2020MitigatedAnnual report
「Net cash provided by operating activities was ¥19,269 million, compared with net cash used of ¥9,213 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥6,498 million, depreciation and amortization of ¥3,337 million and a decrease in inventories of ¥5,819 million.」
Operating cash flow changed from an outflow caused by higher inventories to an inflow of ¥19,269 million due to lower inventories. - FY2020-Q3MitigatedAnnual report
「The main factor was a ¥22,881 million increase in cash and deposits, despite a ¥9,137 million decrease in merchandise.」
Merchandise inventories decreased by ¥9,137 million from the end of the previous fiscal year, further easing the cash burden associated with higher inventories in the second quarter. - FY2020-Q2MitigatedAnnual 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.」
Inventories decreased by ¥7,143 million, and operating cash flow increased year on year. The operating cash flow outflow caused by higher inventories has been eliminated. - FY2020-Q1Increase in product inventoryAnnual report
「The main factors were a ¥774 million increase in accounts receivable and a ¥2,969 million increase in merchandise.」
Merchandise increased by ¥2,969 million from the end of the previous consolidated fiscal year. The Company did not prepare a quarterly consolidated statement of cash flows for the current quarter, so its impact on operating cash flow is not shown. - FY2019WorsenedAnnual report
「Net cash used in operating activities was ¥9,213 million, compared with ¥2,083 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥5,772 million, depreciation and amortization of ¥2,742 million and an increase in accounts payable of ¥2,566 million, while inventories increased by ¥15,567 million, accounts receivable increased by ¥943 million and income taxes paid amounted to ¥1,255 million.」
The increase in inventories expanded from ¥7,063 million to ¥15,567 million, and the operating cash flow outflow increased from ¥2,083 million to ¥9,213 million. - FY2019-Q3Continued growth in merchandise inventoryAnnual report
「The main factors were a ¥1,769 million increase in accounts receivable and an ¥8,478 million increase in merchandise, partly offset by a ¥5,068 million decrease in cash and deposits.」
Merchandise increased by ¥8,478 million from the end of the previous consolidated fiscal year. Because no statement of cash flows was prepared for the nine-month period of the third quarter, its impact on operating cash flow is not shown in this filing. - FY2019-Q1Continued growth in merchandise inventoryAnnual report
「The main factors were a ¥306 million increase in accounts receivable and a ¥1,024 million increase in merchandise.」
Merchandise increased by ¥1,024 million from the end of the previous consolidated fiscal year. Because no quarterly consolidated statement of cash flows was prepared for the first quarter, its impact on operating cash flow is not shown in this filing. - FY2018WorsenedAnnual report
「Net cash used in operating activities was ¥2,083 million, compared with ¥266 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥4,056 million, depreciation and amortization of ¥1,604 million and an increase in accounts payable of ¥1,633 million, while inventories increased by ¥7,063 million, accounts receivable increased by ¥975 million and income taxes paid amounted to ¥1,327 million.」
The increase in inventories expanded to ¥7,063 million, and the operating cash flow outflow increased from ¥266 million in the previous year to ¥2,083 million. - FY2018-Q3Increase in product inventoryAnnual report
「The main factors were an ¥8,139 million increase in cash and deposits, an ¥816 million increase in accounts receivable and a ¥2,639 million increase in merchandise.」
Merchandise increased by ¥2,639 million from the end of the previous consolidated fiscal year. The Company did not prepare a quarterly consolidated statement of cash flows for the current quarter, so its impact on operating cash flow is not shown. - FY2018-Q2MitigatedAnnual report
「Net cash provided by operating activities was ¥1,494 million, compared with ¥1,409 million in the same period of the previous year. This was mainly due to quarterly profit before income taxes of ¥1,866 million, an increase in inventories of ¥283 million and an increase in accounts receivable of ¥1,370 million.」
Although merchandise inventories increased by ¥283 million, net cash provided by operating activities was ¥1,494 million, and operating cash flow did not turn into an outflow due to higher inventories. - FY2018-Q1Increase in product inventoryAnnual report
「The main factors were a ¥977 million decrease in cash and deposits, a ¥413 million increase in accounts receivable and a ¥934 million increase in merchandise.」
Merchandise increased by ¥934 million from the end of the previous consolidated fiscal year. However, the Company did not prepare a statement of cash flows for the first quarter, so its impact on operating cash flow is not shown in this filing. - FY2017WorsenedAnnual report
「Net cash used in operating activities was ¥266 million, compared with ¥90 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥3,254 million, depreciation and amortization of ¥917 million and an increase in accounts payable of ¥562 million, while inventories increased by ¥2,785 million, accounts receivable increased by ¥2,107 million and income taxes paid amounted to ¥838 million.」
Against a backdrop of increases in inventories and accounts receivable, the operating cash flow outflow increased from ¥90 million in the previous year to ¥266 million. - FY2017-Q2MitigatedAnnual report
「Net cash provided by operating activities was ¥1,409 million, compared with ¥2,154 million in the same period of the previous year. This was mainly due to quarterly profit before income taxes of ¥1,580 million, a decrease in inventories of ¥677 million and an increase in accounts receivable of ¥1,190 million.」
Inventories decreased by ¥677 million, resulting in net cash provided by operating activities of ¥1,409 million. Operating cash flow did not turn into an outflow due to higher inventories during the current quarter. - FY2016First statedAnnual report
「Net cash used in operating activities was ¥90 million, compared with net cash provided of ¥975 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥1,970 million, depreciation and amortization of ¥714 million and an increase in accounts payable of ¥496 million, while inventories increased by ¥2,478 million, accounts receivable increased by ¥581 million and income taxes paid amounted to ¥614 million.」
Against a backdrop of increases in inventories and accounts receivable, operating cash flow changed from an inflow in the previous year to an outflow of ¥90 million.