Front-loaded payments for a large-scale development project and a decrease in operating cash flow
First written in FY2021-Q2. 6 of 9 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「Cash flow from operating activities increased by ¥739 million from the previous fiscal year to a positive ¥1,098 million. The main factor behind the increase in cash was the increase in cash during the current period resulting from the collection of trade receivables outstanding at the end of the previous fiscal year.」
Cash flow improved from the decline caused by major projects and other factors in the previous fiscal year to a positive ¥1,098 million. However, cash and cash equivalents at the end of the fiscal year decreased to ¥2,293 million. - 2026-05-13MitigatedEarnings
「Cash flow from operating activities increased by ¥739 million year on year to a positive ¥1,098 million.」
Operating cash flow increased from ¥359 million in the previous fiscal year to ¥1,098 million, improving cash generation, which had deteriorated in the previous fiscal year. - FY2026-H1MitigatedAnnual report
「Cash flow from operating activities increased by ¥1,193 million from the same period of the previous year to a positive ¥1,041 million. The main factor behind the increase in cash was the increase in cash during the current period resulting from the collection of trade receivables outstanding at the end of the previous fiscal year.」
Cash flow from operating activities changed from a negative ¥151 million in the same period of the previous year to a positive ¥1,041 million, improving from the period of deteriorating liquidity associated with major projects and other factors. - FY2025Lower Operating Cash Flow and Higher Investment SpendingAnnual report
「Cash flow from operating activities decreased by ¥2,614 million from the previous fiscal year to a positive ¥359 million. The main factor behind the decrease in cash was a reactionary decline from the collection in the previous fiscal year of trade receivables related to major projects at the end of that fiscal year.」
Operating cash flow fell sharply from ¥2,974 million in the previous fiscal year to ¥359 million, while cash and cash equivalents also decreased by ¥6,647 million. Cash flow from investing activities was negative ¥6,416 million. - FY2025-H1WorsenedAnnual report
「Cash flow from operating activities decreased by ¥2,266 million from the same period of the previous year to a negative ¥151 million. The main factors behind the decrease in cash were the decline in profit accompanying lower revenue and the upfront payment of certain expenses. The year-on-year decrease in cash was also mainly due to a reactionary decline from the concentration of collections of major trade receivables in the same period of the previous year.」
Cash flow from operating activities changed from a positive ¥2,114 million in the same period of the previous year to a negative ¥151 million. The decline in profit accompanying lower revenue and upfront payment of certain expenses were cited as factors. - FY2024-Q2MitigatedAnnual report
「Cash flow from operating activities decreased by ¥204 million from the same quarter of the previous year to a positive ¥2,114 million. The main factor behind the increase in cash was cash inflows from the collection of trade receivables.」
The company continued to move away from the period when upfront payments associated with major development projects resulted in negative operating cash flow, with cash flow from operating activities reaching a positive ¥2,114 million. - FY2023-Q2MitigatedAnnual report
「Cash flow from operating activities increased by ¥2,184 million from the same quarter of the previous year to a positive ¥2,319 million. The main factor behind the increase in cash was the collection during the current period of trade receivables related to major projects concentrated at the end of the previous fiscal year.」
From the previous fiscal year, when upfront payments associated with major development projects resulted in negative operating cash flow, cash flow turned positive at ¥2,319 million due to the collection of trade receivables. - FY2022-Q2MitigatedAnnual report
「Cash flow from operating activities increased by ¥956 million from the same quarter of the previous year to a positive ¥135 million. The main factor behind the increase in cash during the six-month period ended the second quarter was cash inflows from the collection of trade receivables. The main factor behind the increase in cash in the same quarter of the previous year was temporarily upfront payments associated with an increase in major, long-term development projects.」
Unlike the upfront payments associated with major development projects in the same quarter of the previous year, cash flow from operating activities was positive ¥135 million for the quarter. - FY2021-Q2First statedAnnual report
「Cash flow from operating activities decreased by ¥1,475 million from the same quarter of the previous year to a negative ¥821 million. The main factors behind the decrease in cash during the six-month period ended the second quarter were temporarily upfront payments resulting from an increase in major, long-term development projects, as well as higher payments of corporate and consumption taxes due to increased taxable income in the previous fiscal year.」
The company explained that cash flow from operating activities was negative ¥821 million due to upfront payments associated with an increase in major, long-term development projects.