Improving CCC and investment efficiency through stronger inventory management
First written in FY2018. 8 of 23 entries say "Mitigated", first in FY2024-Q1. Latest entry: 2026-08-05.
The whole theme swung hardest in 2022: 4 of 20 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「Cash provided by operating activities increased by ¥12.5 billion from the previous consolidated fiscal year to ¥213.0 billion. This was mainly due to a decrease in working capital, among other factors.」
Due to lower working capital, operating cash flow increased to ¥213.0 billion, and improvements in inventory and working-capital management were reflected in the full-year results. Inventories also decreased from ¥442.7 billion to ¥414.5 billion. - FY2026-H1MitigatedAnnual report
「Cash provided by operating activities increased by ¥9.2 billion from the previous interim consolidated accounting period to ¥127.2 billion. This was mainly due to a decrease in working capital, among other factors.」
Due to lower working capital, operating cash flow increased by ¥9.2 billion year on year to ¥127.2 billion, indicating improvement in inventory and working-capital management. - FY2025-H1MitigatedAnnual report
「Cash provided by operating activities increased by ¥32.2 billion from the previous interim consolidated accounting period to ¥118.0 billion. This was mainly due to a decrease in working capital and an increase in interim profit before tax, among other factors.」
Due to lower working capital, operating cash flow increased by ¥32.2 billion year on year to ¥118.0 billion, indicating improvement in inventory and working-capital management. - FY2024-Q3MitigatedAnnual report
「Cash provided by operating activities increased by ¥70.9 billion from the same period of the previous year to ¥115.0 billion. This was mainly due to a decrease in working capital, despite deterioration in profit before tax for the quarter, among other factors.」
Due to lower working capital, operating cash flow increased by ¥70.9 billion year on year to ¥115.0 billion. The figures indicated some improvement in inventory and working-capital management. - FY2024-Q2MitigatedAnnual report
「Cash provided by operating activities increased by ¥63.9 billion from the same period of the previous year to ¥85.8 billion. This was mainly due to a decrease in working capital, despite deterioration in profit before tax for the quarter, among other factors.」
Due to lower working capital, operating cash flow increased by ¥63.9 billion year on year to ¥85.8 billion. Inventories also decreased slightly from ¥441.949 billion at the end of the previous fiscal year to ¥441.036 billion. - FY2024-Q1MitigatedAnnual report
「Cash used in operating activities increased by ¥1.1 billion from the same period of the previous year to ¥11.7 billion. This was mainly due to a decline in profit before tax for the quarter, despite a decrease in working capital, among other factors.」
The company stated that working capital had decreased, indicating some improvement in inventory and working-capital management. However, operating cash flow was an outflow of ¥11.7 billion due to lower profit before tax for the quarter. - FY2023-Q3Operating cash flow decline continued due to higher working capitalAnnual report
「Cash provided by operating activities decreased by ¥10.2 billion from the same period of the previous year to ¥44.1 billion. This was mainly due to a decline in profit before tax for the quarter, among other factors.」
Operating cash flow decreased by ¥10.2 billion year on year to ¥44.1 billion. Inventories increased from ¥369.0 billion at the end of the previous fiscal year to ¥455.3 billion, and challenges in inventory and working-capital management continued. - FY2023-Q2Operating cash flow decline continued due to higher working capitalAnnual report
「Cash provided by operating activities decreased by ¥40.7 billion from the same period of the previous year to ¥21.9 billion. This was mainly due to an increase in working capital, among other factors.」
Due to higher working capital, operating cash flow decreased by ¥40.7 billion year on year to ¥21.9 billion. Inventories also increased from ¥369.0 billion at the end of the previous fiscal year to ¥451.3 billion. - FY2023-Q1Operating cash flow deficit due to higher working capitalAnnual report
「Cash used in operating activities amounted to ¥10.6 billion, compared with cash provided of ¥28.7 billion in the same period of the previous year. This was mainly due to an increase in working capital, among other factors.」
Due to higher working capital, operating cash flow was an outflow of ¥10.6 billion. Inventories also increased from ¥369.0 billion at the end of the previous fiscal year to ¥433.4 billion. - FY2022Operating cash flow declined due to higher working capitalAnnual report
「Cash provided by operating activities decreased by ¥81.7 billion from the previous consolidated fiscal year to ¥92.6 billion. This was mainly due to an increase in working capital, despite an improvement in profit before tax.」
Although the company targeted improvements in inventory management and CCC, inventories increased from ¥258.8 billion to ¥369.0 billion, and operating cash flow declined due to higher working capital. - FY2022-Q3Operating cash flow declined due to higher working capitalAnnual report
「Cash provided by operating activities decreased by ¥86.2 billion from the same period of the previous year to ¥54.3 billion. This was mainly due to an increase in working capital, despite an improvement in profit before tax for the quarter.」
Although profit before tax for the quarter improved, operating cash flow decreased by ¥86.2 billion year on year to ¥54.3 billion due to higher working capital. Inventories also increased from ¥258.8 billion at the end of the previous fiscal year to ¥342.0 billion. - FY2022-Q2Operating cash flow declined due to higher working capitalAnnual report
「Cash provided by operating activities decreased by ¥48.5 billion from the same period of the previous year to ¥62.6 billion. This was mainly due to an increase in working capital, despite an improvement in profit before tax for the quarter.」
Although profit before tax for the quarter improved, operating cash flow decreased by ¥48.5 billion year on year to ¥62.6 billion due to higher working capital. Inventories also increased from ¥258.8 billion at the end of the previous fiscal year to ¥310.5 billion. - FY2022-Q1Operating cash flow declined due to higher working capitalAnnual report
「Cash provided by operating activities decreased by ¥21.6 billion from the same period of the previous year to ¥28.7 billion. This was mainly due to an increase in working capital, despite an improvement in profit before tax for the quarter.」
Operating cash flow decreased by ¥21.6 billion year on year to ¥28.7 billion in the quarter due to higher working capital. This indicated higher working capital during the quarter, despite efforts to improve investment efficiency through inventory reductions. - FY2021AdvancedAnnual report
「Cash provided by operating activities increased by ¥32.1 billion from the previous consolidated fiscal year to ¥174.3 billion. This was mainly due to higher profit before tax and lower corporate income tax payments, among other factors.」
Inventories decreased from ¥284.3 billion to ¥258.8 billion, while cash flow from operating activities increased to ¥174.3 billion. The inventory reductions, fixed-cost cuts and working-capital improvements pursued in response to the pandemic were reflected in the figures. - FY2021-Q3AdvancedAnnual report
「In response to the spread of COVID-19, we continue to reduce inventories across the group and further cut fixed costs, among other measures, in an effort to minimise the adverse impact on performance. Cash provided by operating activities increased by ¥35.1 billion from the same period of the previous year to ¥140.5 billion. This was mainly due to improvements in working capital and other factors.」
The company continued to reduce inventories and fixed costs, while cash flow from operating activities increased by ¥35.1 billion year on year to ¥140.5 billion, mainly due to improvements in working capital and other factors. - FY2021-Q2RestatedAnnual report
「We are working to minimise the adverse impact on performance by reducing inventories across the group and further cutting fixed costs, among other measures.」
As part of its response to the pandemic, the company continues to reduce inventories and fixed costs across the group. - FY2021-Q1AdvancedAnnual report
「We are working to minimise the adverse impact on performance by reducing inventories across the group and further cutting fixed costs, among other measures.」
In response to the COVID-19 pandemic, the company is reducing inventories and fixed costs across the group. - FY2018First statedAnnual report
「• Maintaining and improving the cash conversion cycle (CCC; working-capital days) and investment efficiency through stronger inventory management and other measures」
As a priority for FY2018, the company first set out measures to strengthen inventory management and maintain and improve CCC and investment efficiency.