Seasonality in Operating Cash Flow and the Tendency for a Positive Full-Year Result
First written in FY2020-Q2. 12 of 23 entries say "Advanced", first in FY2020. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Decline in full-year operating cash flowAnnual report
「Funds generated from operating activities amounted to ¥3,790 million. (¥4,469 million generated in the previous consolidated fiscal year)」
Full-year operating cash flow decreased from ¥4,469 million in the previous year to ¥3,790 million, but the explanation of the seasonality of positive full-year cash flow continued. - FY2026-H1Decline in Interim Operating Cash FlowAnnual report
「Funds generated from operating activities amounted to ¥552 million. (¥851 million generated in the same period of the previous year)」
Operating cash flow for the six-month period decreased from ¥851 million in the same period of the previous year to ¥552 million. Meanwhile, the explanation of the seasonality of low first-quarter cash flow, an increase from the second quarter onward, and positive full-year cash flow continued. - FY2025-H1AdvancedAnnual report
「Funds generated from operating activities amounted to ¥851 million. (¥349 million generated in the same period of the previous year)」
Operating cash flow for the six-month period increased from ¥349 million in the same period of the previous year to ¥851 million, confirming the seasonality of an increase from the second quarter onward and positive full-year cash flow. - FY2024AdvancedAnnual report
「Funds generated from operating activities amounted to ¥3,680 million. (¥2,175 million generated in the previous consolidated fiscal year)」
Operating cash flow increased from ¥2,175 million in the previous year to ¥3,680 million, confirming the tendency for positive full-year cash flow. - FY2024-Q3AdvancedAnnual report
「Funds generated from operating activities amounted to ¥1,260 million. (¥93 million used in the same quarter of the previous year)」
Cumulative operating cash flow for the third quarter was an inflow of ¥1,260 million, improving from the ¥93 million outflow in the same quarter of the previous year. The seasonality of an increase from the second quarter onward and positive full-year cash flow was also noted. - FY2024-Q2AdvancedAnnual report
「Funds generated from operating activities amounted to ¥349 million. (¥717 million used in the same quarter of the previous year)」
Cumulative operating cash flow for the second quarter was an inflow of ¥349 million, improving from the ¥717 million outflow in the same quarter of the previous year. The disclosure also continued to note the seasonality of an increase from the second quarter onward and positive full-year cash flow. - FY2024-Q1Narrowing first-quarter operating cash flow deficitAnnual report
「Funds used in operating activities amounted to ¥128 million. (¥491 million used in the same quarter of the previous year)」
First-quarter operating cash flow remained an outflow of ¥128 million, but the deficit narrowed from the ¥491 million outflow in the same quarter of the previous year. The disclosure continued to note the seasonality of low first-quarter cash flow, followed by an increase from the second quarter onward and positive full-year cash flow. - FY2023-Q3Third-quarter operating cash flow deficit and unusual trendAnnual report
「At the group, cash flow from operating activities is typically low in the first quarter due to corporate tax payments and performance-linked bonuses paid to officers and employees, gradually increases from the second quarter onward, and turns positive for the full year. (In the current consolidated fiscal year, cash flow from operating activities has followed a pattern different from that seen in a typical year due to increased consulting-services sales, which require working capital to be funded ahead of revenue generation, as well as higher corporate tax payments. However, cash flow is expected to turn positive for the full year as usual.)」
Cumulative cash flow from operating activities for the third quarter was an outflow of ¥93 million, deteriorating from the ¥1,384 million inflow in the same quarter of the previous year. Although the trend differed from a typical year due to increased consulting-services sales and corporate tax payments, the company indicated that cash flow was expected to turn positive for the full year. - FY2023-Q2Second-quarter operating cash flow deficit and unusual trendAnnual report
「Funds used in operating activities amounted to ¥717 million. (¥284 million generated in the same quarter of the previous year) (Excerpt) In the second quarter, cash flow followed a pattern different from that seen in a typical year, due in part to increased sales of consulting services, which require working capital to be funded ahead of revenue generation. However, on a full-year basis, cash flow is expected to turn positive as usual.」
Cumulative operating cash flow for the second quarter was an outflow of ¥717 million, deteriorating from the ¥284 million inflow in the same quarter of the previous year. The company explained that the trend differed from a typical year because working capital was required ahead of revenue generation due to increased consulting-services sales, while indicating that cash flow was expected to turn positive for the full year. - FY2023-Q1Widening first-quarter operating cash flow deficitAnnual report
「Funds used in operating activities amounted to ¥491 million. (¥173 million used in the same quarter of the previous year)」
First-quarter cash flow from operating activities was an outflow of ¥491 million, widening the deficit from the ¥173 million outflow in the same quarter of the previous year. The disclosure continued to note the seasonality of an increase from the second quarter onward and positive full-year cash flow. - FY2022AdvancedAnnual report
「Funds generated from operating activities amounted to ¥3,026 million. (¥2,561 million generated in the previous consolidated fiscal year)」
Operating cash flow increased from ¥2,561 million in the previous year to ¥3,026 million, confirming the tendency for cash flow to be low in the first quarter, increase from the second quarter onward, and turn positive for the full year. - FY2022-Q3AdvancedAnnual report
「Funds generated from operating activities amounted to ¥1,384 million. (¥958 million generated in the same quarter of the previous year)」
Cumulative operating cash flow for the third quarter was ¥1,384 million, up from ¥958 million in the same quarter of the previous year. The seasonality of an increase from the second quarter onward and positive full-year cash flow was also noted. - FY2022-Q2AdvancedAnnual report
「Funds generated from operating activities amounted to ¥284 million. (¥250 million generated in the same quarter of the previous year)」
Cumulative operating cash flow for the second quarter was an inflow of ¥284 million, up from ¥250 million in the same quarter of the previous year. The disclosure also continued to note the seasonality of low first-quarter cash flow, an increase from the second quarter onward, and positive full-year cash flow. - FY2022-Q1Widening first-quarter operating cash flow deficitAnnual report
「Funds used in operating activities amounted to ¥173 million. (¥72 million generated in the same quarter of the previous year)」
First-quarter operating cash flow was an outflow of ¥173 million. Factors included corporate tax payments and a decrease in provisions for bonuses. The disclosure continued to note the seasonality of an increase from the second quarter onward and positive full-year cash flow. - FY2021AdvancedAnnual report
「Funds generated from operating activities amounted to ¥2,561 million. (¥1,890 million generated in the previous consolidated fiscal year)」
Operating cash flow increased from ¥1,890 million in the previous year to ¥2,561 million, and the tendency for positive full-year cash flow continued. - FY2021-Q3AdvancedAnnual report
「Funds generated from operating activities amounted to ¥958 million. (¥467 million generated in the same quarter of the previous year)」
Cumulative operating cash flow for the third quarter was ¥958 million, up from ¥467 million in the same quarter of the previous year. The seasonality of an increase from the second quarter onward and positive full-year cash flow also continued. - FY2021-Q2AdvancedAnnual report
「Funds generated from operating activities amounted to ¥250 million. (¥13 million used in the same quarter of the previous year)」
Cumulative operating cash flow for the second quarter was an inflow of ¥250 million, improving from the ¥13 million outflow in the same quarter of the previous year. The disclosure also noted the seasonality of an increase from the second quarter onward and positive full-year cash flow. - FY2021-Q1AdvancedAnnual report
「Funds generated from operating activities amounted to ¥72 million. (¥941 million used in the same quarter of the previous year)」
First-quarter operating cash flow changed from an outflow of ¥941 million in the same quarter of the previous year to an inflow of ¥72 million. The disclosure also continued to note the seasonality of low first-quarter cash flow followed by an increase from the second quarter onward. - FY2020AdvancedAnnual report
「Funds generated from operating activities amounted to ¥1,890 million. (¥1,320 million generated in the previous consolidated fiscal year)」
Operating cash flow increased from ¥1,320 million in the previous year to ¥1,890 million, confirming the tendency for positive full-year cash flow. - FY2020-Q3Increase in third-quarter operating cash flowAnnual report
「Funds generated from operating activities amounted to ¥467 million. (¥264 million generated in the same quarter of the previous year)」
Cumulative operating cash flow for the third quarter was positive at ¥467 million, up from ¥264 million in the same quarter of the previous year. The disclosure also continued to note the seasonality and tendency for full-year cash flow to be positive. - FY2020-Q2First statedAnnual report
「At the group, cash flow from operating activities is typically low in the first quarter due to corporate tax payments and performance-linked bonuses paid to officers and employees, gradually increases from the second quarter onward, and turns positive for the full year.」
Explains as a structural fact the tendency for first-quarter operating cash flow to be low due to corporate tax payments and performance-linked bonuses, then increase from the second quarter onward and turn positive for the full year.