Deterioration in Operating Cash Flow Due to Higher Inventories
First written in FY2020-Q2. 8 of 19 entries say "Mitigated", first in FY2021-Q2. Latest entry: 2026-11-10.
The whole theme swung hardest in 2023: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-11-10MitigatedResults
「Cash provided by operating activities was ¥2,730 million, an increase of ¥1,310 million in cash inflows compared with the same interim period of the previous year.」
Although inventories increased by ¥570 million, cash flow from operating activities improved from the same interim period of the previous year. - FY2026MitigatedAnnual report
「Cash provided by operating activities was ¥3,339 million, an increase of ¥1,539 million from the same period of the previous year. This was due mainly to pretax net income of ¥1,478 million and depreciation and amortization of ¥1,928 million, despite a ¥479 million increase in trade receivables and ¥377 million in income taxes paid, among other factors.」
Inventories decreased by ¥251 million, and operating cash flow improved from ¥1,799 million to ¥3,339 million. - FY2026-H1MitigatedAnnual report
「This was due mainly to pretax interim net income of ¥885 million and depreciation and amortization of ¥890 million, despite a ¥380 million increase in inventories and ¥182 million in income taxes paid, among other factors.」
Although inventories increased, the increase narrowed from ¥1,009 million in the same interim period of the previous year to ¥380 million, and cash flow from operating activities improved from ¥160 million to ¥1,419 million. - FY2025Inventory Reversal to an IncreaseAnnual report
「Cash provided by operating activities decreased by ¥2,385 million from the previous fiscal year to ¥1,799 million. This was mainly despite a ¥446 million increase in inventories and a ¥1,127 million decrease in trade payables, among other factors,」
After inventories were reduced in the previous fiscal year, they increased by ¥446 million in the current fiscal year, and operating cash flow decreased from ¥4,185 million to ¥1,799 million. - FY2025-H1Decrease in Operating Cash Flow Due to Higher InventoriesAnnual report
「Cash provided by operating activities was ¥160 million, a decrease of ¥1,805 million from the same interim period of the previous year. This was due mainly to pretax interim net income of ¥975 million and depreciation and amortization of ¥856 million, despite equity-method investment gains of ¥160 million, a ¥1,009 million increase in inventories, and a ¥437 million decrease in trade payables, among other factors.」
Inventories increased by ¥1,009 million, and cash flow from operating activities decreased from ¥1,966 million in the same interim period of the previous year to ¥160 million. - FY2024MitigatedAnnual report
「Although inventories were reduced, including through production adjustments, amid declining sales,」
Inventory reduction, including through production adjustments, lowered the balance of products from ¥6,837 million to ¥6,389 million, partially easing the inventory burden. - FY2024-Q3MitigatedAnnual report
「Although notes and accounts receivable and inventories decreased from the end of the previous consolidated fiscal year, cash and deposits increased because the end of the third quarter was a holiday for financial institutions, among other factors.」
Notes and accounts receivable and inventories decreased from the end of the previous fiscal year, partially easing the working capital burden from higher inventories. - FY2024-Q2MitigatedAnnual report
「This was due mainly to pretax quarterly net income of ¥923 million, depreciation and amortization of ¥789 million, and a ¥249 million decrease in inventories, among other factors.」
Inventories decreased by ¥249 million during the six months ended the second quarter, partially easing the burden on operating cash flow from the inventory increase seen in the previous fiscal year. - FY2024-Q1Continued Increase in InventoriesAnnual report
「Current assets were ¥23,167 million, an increase of ¥1,630 million from the end of the previous consolidated fiscal year. The main factors were increases in cash and deposits and in products, raw materials and supplies.」
Inventories, including products, raw materials and supplies, increased from the end of the previous fiscal year, and the working capital requirement associated with order and shipment trends continued to rise. - FY2023-Q3RestatedAnnual report
「Current assets were ¥21,435 million, an increase of ¥40 million from the end of the previous consolidated fiscal year. The main factor was an increase in inventories, despite a decrease in notes and accounts receivable from the end of the previous consolidated fiscal year.」
While notes and accounts receivable decreased, inventories including products, raw materials and supplies continued to increase. - FY2023-Q2Continued Increase in InventoriesAnnual report
「This was despite an increase of ¥171 million in inventories, a decrease of ¥488 million in trade payables, and ¥369 million in income taxes paid, among other factors,」
Inventories of products and raw materials increased, contributing to a decrease in cash flow from operating activities. - FY2022-Q3RestatedAnnual report
「This was due mainly to an increase in inventories, including products, as improved order conditions from the second half of the previous consolidated fiscal year continued.」
Inventories, including products and raw materials, have increased as order conditions continued to improve. - FY2022-Q2RestatedAnnual report
「Inventories, including products, increased as improved order conditions from the second half of the previous consolidated fiscal year continued. However, cash and deposits decreased from the end of the previous consolidated fiscal year, mainly because collections of notes and accounts receivable progressed and the company worked to reduce interest-bearing debt.」
Inventories, including products, have increased as improved orders have continued. - FY2022-Q1Increase in inventories accompanying improved ordersAnnual report
「This was due mainly to an increase in inventories, including products, in preparation for future shipments following improved order conditions.」
Inventories, including products, increased as order conditions improved. The trend has shifted from the cash flow improvement seen in the previous fiscal year due to lower inventories to a phase of inventory growth. - FY2021-Q3MitigatedAnnual report
「The main factors were a decrease in notes and accounts receivable and products, despite an increase in cash and deposits.」
Among inventories, which had increased in the previous fiscal year, the balance of products decreased from ¥7,387 million to ¥5,599 million, indicating a partial reduction in the working capital burden. - FY2021-Q2MitigatedAnnual report
「This was due mainly to a ¥1,768 million decrease in trade receivables and a ¥1,273 million decrease in inventories.」
Inventories, which had increased in the previous fiscal year, decreased by ¥1,273 million during the six months ended the second quarter, resulting in ¥649 million of cash provided by operating activities. - FY2020RestatedAnnual report
「Products 6,607 7,387 Raw materials and supplies 1,895 1,923」
Balances of products and raw materials and supplies exceeded those at the end of the previous fiscal year, continuing the disclosed upward trend in inventories. - FY2020-Q3Continued Increase in InventoriesAnnual report
「The main factors were increases in finished products, raw materials and supplies, despite a decline in notes and accounts receivable.」
Finished products, raw materials and supplies increased, and current assets rose by ¥637 million from the end of the previous fiscal year. Inventories have continued to trend upward. - FY2020-Q2First statedAnnual report
「Cash flow decreased by ¥142 million due mainly to an increase of ¥1,232 million in inventories and payment of ¥119 million in corporate taxes, among other factors,」
Due mainly to the ¥1,232 million increase in inventories, cash flow from operating activities changed from income of ¥717 million in the same period of the previous year to an outflow of ¥142 million.