Operating Cash Flow Turns Negative Due to Increase in Trade Receivables
First written in FY2018-Q2. 8 of 14 entries say "Mitigated", first in FY2019-Q2. Latest entry: 2026-05-14.
The whole theme swung hardest in 2022: 38 of 140 companies on the "Worse" side.
32 other companies' latest entry also says "Mitigated".
- 2026-05-14MitigatedEarnings
「Change in trade receivables (△ indicates an increase) △201 △157」
Trade receivables changed from a ¥201 million increase factor in the previous fiscal year to a ¥157 million increase factor, indicating a smaller increase. - FY2026-H1MitigatedAnnual report
「Cash generated from operating activities amounted to ¥3,049 million, an increase of ¥1,007 million from the same period of the previous year. The main components were interim profit before income taxes of ¥2,486 million, depreciation of ¥1,360 million, an increase in trade receivables of ¥756 million, a decrease in inventories of ¥220 million, interest and dividends received of ¥604 million, and income taxes paid of ¥992 million.」
The ¥756 million increase in trade receivables was a factor reducing operating cash flow, but the increase was smaller than the ¥1,589 million recorded in the same period of the previous year, and cash flows from operating activities amounted to ¥3,049 million. - FY2025ReframedAnnual report
「This was attributable mainly to profit before income taxes of ¥4,224 million, depreciation of ¥2,812 million, impairment losses of ¥190 million, equity-method investment losses of ¥393 million, gains from changes in equity interests of ¥263 million, an increase in trade receivables of ¥201 million, an increase in trade payables of ¥461 million, and income taxes paid of ¥422 million.」
Trade receivables changed from contributing to operating cash flow through a decrease in the previous fiscal year to being a ¥201 million increase factor in the current fiscal year, while cash flows from operating activities amounted to ¥7,115 million. - FY2025-H1ReframedAnnual report
「The main components were interim profit before income taxes of ¥2,221 million, depreciation of ¥1,321 million, an increase in trade payables of ¥604 million, an increase in trade receivables of ¥1,589 million, and a ¥292 million decrease in other current liabilities.」
The ¥1,589 million increase in trade receivables was a factor reducing operating cash flow, while cash flows from operating activities amounted to ¥2,042 million. - FY2024-Q2MitigatedAnnual report
「The main components were quarterly profit before income taxes of ¥1,486 million, depreciation of ¥1,375 million, an ¥810 million decrease in trade receivables, a ¥651 million increase in inventories, a ¥615 million decrease in trade payables, and income taxes paid of ¥368 million.」
The ¥810 million decrease in trade receivables was a factor increasing operating cash flow, and cash flows from operating activities amounted to ¥2,586 million. - FY2023MitigatedAnnual report
「The main components were profit before income taxes of ¥3,366 million, depreciation of ¥2,593 million, impairment losses of ¥1,926 million, gains on sales of investment securities of ¥1,258 million, a ¥1,688 million decrease in trade receivables, and income taxes paid of ¥2,369 million.」
The ¥1,688 million decrease in trade receivables was a factor increasing operating cash flow, and cash flows from operating activities amounted to ¥5,634 million. - FY2023-Q2MitigatedAnnual report
「Change in trade receivables (△ indicates an increase) △ 438 49」
Trade receivables changed from a ¥438 million increase factor in the same period of the previous year to a ¥49 million decrease factor in the current period, while cash flows from operating activities amounted to ¥2,941 million. - FY2022-Q2ReframedAnnual report
「The main components were profit before income taxes of ¥2,568 million, depreciation of ¥1,338 million, an increase in trade payables of ¥587 million, an increase in trade receivables of ¥438 million, an increase in inventories of ¥305 million, and income taxes paid of ¥858 million.」
Trade receivables were a ¥438 million increase factor, while cash flows from operating activities amounted to ¥2,476 million. The increase in inventories was also reported. - FY2021ReframedAnnual report
「Change in trade receivables (△ indicates an increase) 1,490 △ 344」
Trade receivables changed from a factor reducing operating cash flow in the previous period to a ¥344 million increase in the current period, while cash flows from operating activities amounted to ¥7,352 million. - FY2021-Q2ReframedAnnual report
「Change in trade receivables (△ indicates an increase) 2,065 △ 263」
Trade receivables changed from a factor reducing cash flow in the same period of the previous year to a ¥263 million factor increasing cash flow in the current period, while cash flow from operating activities remained an inflow of ¥3,914 million. - FY2020MitigatedAnnual report
「Cash provided by operating activities amounted to ¥5,036 million (a ¥2,309 million decrease in cash inflow from the previous fiscal year). The main components were profit before income taxes of ¥2,240 million, depreciation and amortization of ¥3,236 million, and a ¥1,490 million decrease in trade receivables.」
Trade receivables changed from a factor increasing cash flow to a ¥1,490 million factor reducing cash flow, while cash flow from operating activities remained an inflow of ¥5,036 million. - FY2020-Q2MitigatedAnnual report
「Cash provided by operating activities amounted to ¥2,757 million (a ¥452 million decrease in cash inflow from the same period of the previous year). Change in trade receivables (△ indicates an increase) △ 145 2,065」
Trade receivables changed from a ¥145 million factor reducing cash flow in the same period of the previous year to a ¥2,065 million factor increasing cash flow in the current period, while cash flow from operating activities remained an inflow. - FY2019-Q2MitigatedAnnual report
「Cash provided by operating activities amounted to ¥3,209 million (compared with cash used of ¥611 million in the same period of the previous year).」
Cash flow from operating activities, which had been an outflow in the same period of the previous year due to an increase in trade receivables and other factors, turned into an inflow of ¥3,209 million in the current period. The impact of changes in trade receivables also decreased from ¥2,484 million in the previous period to ¥145 million in the current period. - FY2018-Q2First statedAnnual report
「During the six-month period of the current consolidated fiscal year, cash used in operating activities amounted to ¥611 million, mainly due to profit before income taxes of ¥1,528 million, depreciation and amortization of ¥1,642 million, derivative valuation gains of ¥172 million, and an increase in trade receivables of ¥2,484 million.」
Due in part to a ¥2,484 million increase in trade receivables, cash flow from operating activities changed from ¥1,865 million of cash inflow in the same period of the previous year to ¥611 million of cash outflow.