Continued losses and negative operating cash flow due to upfront investment
First written in FY2022. 7 of 11 entries say "Mitigated", first in FY2023. Latest entry: 2026-08-13.
The whole theme swung hardest in 2018: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥638.300 million, mainly due to the recording of profit before income taxes and an increase in trade receivables, compared with an inflow of ¥46.024 million in the same period of the previous year.」
In FY2025, the company recorded operating and ordinary profit, and cash flow from operating activities increased from an inflow of ¥46.024 million to an inflow of ¥638.300 million. The continuing losses and negative operating cash flow associated with upfront investment were eliminated during the fiscal year. - FY2025-H1MitigatedAnnual report
「Cash flow from operating activities for the six-month period ended 30 September was an inflow of ¥203.547 million, mainly due to the recording of interim profit before income taxes.」
Cash flow from operating activities changed from an outflow of ¥21.234 million in the same period of the previous year to an inflow of ¥203.547 million. The company also recorded operating profit of ¥155.685 million for the six-month period, eliminating the continuing losses and negative operating cash flow during the period. - FY2024-Q2MitigatedAnnual report
「Cash flow from operating activities for the six-month period ended 30 September was an outflow of ¥21.234 million, mainly due to increases in trade receivables and inventories.」
Although cash flow from operating activities remained negative, the outflow narrowed from ¥75.481 million in the same period of the previous year to ¥21.234 million, while the company recorded operating profit. - FY2024-Q1MitigatedAnnual report
「Revenue was ¥514.920 million, up 25.6% year on year. Operating loss was ¥8.938 million, compared with a loss of ¥29.834 million in the same quarter of the previous year; ordinary loss was ¥11.216 million, compared with a loss of ¥47.489 million; and quarterly net loss attributable to owners of the parent was ¥11.771 million, compared with a loss of ¥47.622 million.」
Losses continue, but operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. - FY2023MitigatedAnnual report
「Cash flow from operating activities was an outflow of ¥107.325 million, mainly due to an increase in trade receivables and the recording of a loss before income taxes, compared with an outflow of ¥445.965 million in the same period of the previous year.」
Losses and negative operating cash flow continue, but ordinary loss narrowed from ¥302.118 million to ¥26.796 million, while the operating cash-flow outflow narrowed from ¥445.965 million to ¥107.325 million. - FY2023-Q3RestatedAnnual report
「As a result, our group's operating results for the third quarter of the current consolidated cumulative period were revenue of ¥1,259.812 million, up 41.3% year on year; an operating loss of ¥31.719 million, compared with an operating loss of ¥247.244 million in the same period of the previous year; an ordinary loss of ¥48.908 million, compared with an ordinary loss of ¥227.764 million in the same period of the previous year; and a net loss attributable to owners of the parent of ¥49.259 million, compared with a net loss attributable to owners of the parent of ¥229.000 million in the same period of the previous year.」
Losses continue, and the risk of losses associated with upfront investment remains. However, operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed year on year. - FY2023-Q2RestatedAnnual report
「As a result, for the six-month period ended 30 September, the group's operating results were revenue of ¥820.373 million, operating loss of ¥37.323 million, ordinary loss of ¥53.742 million and quarterly net loss attributable to owners of the parent of ¥54.007 million.」
The company continued to record operating loss, ordinary loss and quarterly net loss attributable to owners of the parent in the six-month period, while cash flow from operating activities was an outflow of ¥75.481 million. - FY2023-Q1RestatedAnnual report
「As a result, for the three-month period ended 30 June, the group's operating results were revenue of ¥410.068 million, operating loss of ¥29.834 million, ordinary loss of ¥47.489 million and quarterly net loss attributable to owners of the parent of ¥47.622 million.」
The company recorded operating loss, ordinary loss and net loss attributable to owners of the parent in the first quarter as well, indicating that losses are continuing. - FY2022First statedAnnual report
「In previous fiscal years, the group actively recruited personnel, strengthened existing services, invested in developing new services and software, and conducted active advertising and promotional campaigns to expand its customer base and achieve sustained business growth. As a result, it has continued to record losses and negative cash flow from operating activities.」
The company describes the risk that losses and negative operating cash flow will continue alongside revenue growth.