Decrease in Operating Cash Flow Due to an Increase in Inventory
First written in FY2018-Q2. 11 of 29 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2022: 5 of 26 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Cash provided by operating activities was ¥15.274 billion, compared with ¥7.346 billion provided in the previous fiscal year. This was mainly attributable to income before income taxes, depreciation and amortization, a decrease in trade receivables, an increase in trade payables, a decrease in inventories, and income taxes paid.」
Operating cash flow increased from ¥7,346 million in the previous fiscal year to ¥15,274 million, with the funding burden from inventories easing due to the decrease in inventories and other factors. - 2026-05-08MitigatedRevision of earnings forecasts
「Cash provided by operating activities was ¥15.274 billion, compared with ¥7.346 billion provided in the previous fiscal year. This was mainly attributable to income before income taxes, depreciation and amortization, a decrease in trade receivables, an increase in trade payables, a decrease in inventories, and income taxes paid.」
Operating cash flow increased from the previous fiscal year, with the decrease in inventories also cited as a source of cash. - FY2026-H1MitigatedAnnual report
「Funds provided by operating activities amounted to ¥9,349 million (compared with ¥3,600 million provided in the same period of the previous year). This was mainly attributable to the recognition of profit before income taxes and a decrease in inventories.」
Operating cash flow increased from ¥3,600 million in the same period of the previous year to ¥9,349 million, with the decrease in inventories also contributing. The funding burden from higher inventories eased during the interim period. - FY2025MitigatedAnnual report
「Funds provided by operating activities amounted to ¥7,346 million (compared with ¥5,153 million provided in the previous fiscal year).」
Operating cash flow improved from ¥5,153 million in the previous fiscal year to ¥7,346 million. Inventories were a ¥1,970 million use of funds, but the decrease in trade receivables and other factors contributed to the improvement. - FY2025-H1Operating cash flow improved despite an increase in inventoriesAnnual report
「Funds provided by operating activities amounted to ¥3,600 million (compared with ¥2,145 million provided in the same period of the previous year). This was mainly attributable to profit before income taxes of ¥4,679 million, a ¥4,074 million change in trade receivables, and a ¥5,587 million decrease in inventories.」
Operating cash flow improved from ¥2,145 million in the same period of the previous year to ¥3,600 million, while inventories were a ¥5,587 million use of funds. - FY2024Operating cash flow declined despite a decrease in inventoriesAnnual report
「Funds provided by operating activities amounted to ¥5,153 million (compared with ¥13,012 million provided in the previous fiscal year).」
Operating cash flow decreased from ¥13,012 million in the previous fiscal year to ¥5,153 million. Meanwhile, raw materials and supplies decreased by ¥1,817 million from the end of the previous fiscal year, easing the overall funding burden from inventories compared with the previous fiscal year. - FY2024-Q3Raw materials and supplies continue to increaseAnnual report
「The main factors were an increase in raw materials and supplies, from ¥12,465 million to ¥14,871 million, or ¥2,406 million, and a decrease in notes and accounts receivable and contract assets, from ¥35,908 million to ¥32,966 million, or ¥2,941 million.」
Raw materials and supplies increased by ¥2,406 million from the end of the previous fiscal year, while trade receivables decreased by ¥2,941 million. - FY2024-Q2Higher inventories; operating cash flow improvesAnnual report
「Cash provided by operating activities was ¥2,145 million, compared with ¥635 million in the year-earlier period. The main factors were income before income taxes of ¥6,380 million, depreciation and amortization of ¥1,265 million, a ¥2,863 million increase in inventories, a ¥3,644 million increase in trade payables, a ¥1,000 million increase in operating security deposits, changes of ¥1,913 million in unpaid or refundable consumption taxes and other items, and ¥3,070 million in income taxes paid.」
Although inventories increased by ¥2,863 million, operating cash flow improved from ¥635 million in the year-earlier period to ¥2,145 million. - FY2024-Q1MitigatedAnnual report
「This was due to a decrease in inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, from ¥34,803 million to ¥32,930 million, a decrease of ¥1,872 million.」
Inventories decreased by ¥1,872 million from the end of the previous fiscal year, easing the inventory burden that had expanded in the previous fiscal year. - FY2023MitigatedAnnual report
「Cash provided by operating activities was ¥13,012 million, compared with ¥8,756 million used in the previous fiscal year. This mainly reflected an increase of ¥6,452 million in trade receivables, offset by income before income taxes of ¥13,653 million, depreciation and amortization of ¥2,751 million, and an increase of ¥2,893 million in unpaid consumption taxes and other items.」
Operating cash flow shifted from ¥8,756 million used in the previous fiscal year to ¥13,012 million provided in the current fiscal year. Inventories also decreased by ¥1,635 million from the end of the previous fiscal year. - FY2023-Q3Trade receivables and work in process continue to rise; cash flow not disclosedAnnual report
「The main factors were decreases in cash and deposits, from ¥15,765 million to ¥14,781 million, or ¥983 million, and raw materials and supplies, from ¥15,815 million to ¥14,436 million, or ¥1,378 million, offset by increases in notes and accounts receivable and contract assets, from ¥31,538 million to ¥37,369 million, or ¥5,830 million; electronically recorded monetary claims, from ¥7,386 million to ¥9,830 million, or ¥2,444 million; and work in process, from ¥3,284 million to ¥5,891 million, or ¥2,606 million.」
Trade receivables and work in process increased, and operating assets continued to grow. No cash flow statement was prepared for the nine months ended the third quarter. - FY2023-Q2Lower operating cash flow due to higher inventories and trade receivablesAnnual report
「Cash provided by operating activities was ¥635 million, compared with ¥2,587 million in the year-earlier period. This was mainly attributable to income before income taxes of ¥7,748 million, depreciation and amortization of ¥1,201 million, an increase of ¥8,589 million in trade receivables, an increase of ¥4,049 million in inventories, and an increase of ¥2,645 million in trade payables.」
Operating cash flow declined from ¥2,587 million in the year-earlier period to ¥635 million, mainly due to increases of ¥8,589 million in trade receivables and ¥4,049 million in inventories. - FY2023-Q1Continued increase in inventoriesAnnual report
「This was also due to an increase in inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, from ¥36,438 million to ¥37,341 million, an increase of ¥903 million.」
Inventories increased by ¥903 million year on year. No cash flow statement was prepared for the three months ended the first quarter. - FY2022Sharp increase in inventories; operating cash flow turns negativeAnnual report
「Cash used in operating activities was ¥8,756 million, compared with ¥4,127 million provided in the previous fiscal year. This mainly reflected income before income taxes of ¥6,767 million, depreciation and amortization of ¥2,308 million, and an increase of ¥4,989 million in trade payables, offset by increases of ¥5,424 million in trade receivables and ¥15,806 million in inventories.」
The increase in inventories widened to ¥15,806 million, and operating cash flow shifted from ¥4,127 million provided in the previous fiscal year to ¥8,756 million used. - FY2022-Q3Sharp increase in inventories continues; quarterly cash flow not disclosedAnnual report
「This was also due to an increase in inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, from ¥20,632 million to ¥37,737 million, an increase of ¥17,105 million.」
Inventories increased by ¥17,105 million year on year. No cash flow statement was prepared for the nine months ended the third quarter. - FY2022-Q2Sharp increase in inventories; operating cash flow declinesAnnual report
「Cash provided by operating activities was ¥2,587 million, compared with ¥5,575 million in the year-earlier period. This was mainly attributable to income before income taxes of ¥1,910 million, depreciation and amortization of ¥1,115 million, a ¥7,531 million increase in inventories, and a ¥7,597 million increase in trade payables.」
Inventories increased by ¥7,531 million from the end of the previous fiscal year, and operating cash flow declined from ¥5,575 million in the year-earlier period to ¥2,587 million. - FY2022-Q1Inventory Reversal to an IncreaseAnnual report
「This was also due to an increase in inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, from ¥20,632 million to ¥23,030 million, an increase of ¥2,398 million.」
Inventories, which had declined in the previous fiscal year, increased by ¥2,398 million from the end of the previous fiscal year, in line with higher sales volume, selling prices and raw material prices. - FY2021Inventories continue to decline; operating cash flow decreasesAnnual report
「Cash provided by operating activities was ¥4,124 million, compared with ¥5,082 million in the previous fiscal year. This mainly reflected an increase of ¥3,071 million in trade receivables, offset by income before income taxes of ¥2,833 million, depreciation and amortization of ¥2,175 million, and an increase of ¥3,579 million in trade payables.」
Operating cash flow remained positive but declined year on year. Inventories decreased by ¥1,339 million from the end of the previous fiscal year, limiting the cash burden from higher inventories. - FY2021-Q3MitigatedAnnual report
「Inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, decreased from ¥22,026 million to ¥19,453 million, a decrease of ¥2,572 million.」
Inventories decreased by ¥2,572 million from the end of the previous consolidated fiscal year, continuing to ease the cash burden from higher inventories. - FY2021-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥5,575 million, compared with ¥2,413 million in the year-earlier period. This was mainly attributable to income before income taxes of ¥1,202 million, depreciation and amortization of ¥1,055 million, a ¥1,339 million decrease in trade receivables, a ¥4,386 million decrease in inventories, and a ¥943 million decrease in trade payables.」
Inventories decreased by ¥4,386 million from the end of the previous fiscal year, while operating cash flow increased from ¥2,413 million in the year-earlier period to ¥5,575 million. The cash burden from higher inventories has eased. - FY2021-Q1MitigatedAnnual report
「This was also due to a decrease in inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, from ¥22,026 million to ¥20,343 million, a decrease of ¥1,683 million.」
Inventories decreased by ¥1,683 million from the end of the previous fiscal year, easing the cash burden from higher inventories. - FY2020-Q3MitigatedAnnual report
「This was also due to a decrease in inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, from ¥24,544 million to ¥23,525 million, a decrease of ¥1,019 million.」
Inventories decreased by ¥1,019 million from the end of the previous fiscal year, easing the cash burden from higher inventories compared with previous quarters. - FY2020-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥2,413 million, compared with ¥833 million used in the year-earlier period. This was mainly attributable to income before income taxes of ¥2,744 million, depreciation and amortization of ¥1,004 million, a ¥650 million decrease in inventories, ¥469 million in insurance proceeds related to disaster losses, and a ¥2,269 million decrease in trade payables.」
Inventories decreased by ¥650 million from the end of the previous fiscal year, and operating cash flow shifted from ¥833 million used in the year-earlier period to ¥2,413 million provided. - FY2020-Q1Inventories continue to rise; quarterly cash flow not disclosedAnnual report
「Inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, increased from ¥24,544 million to ¥25,719 million, an increase of ¥1,174 million.」
Inventories increased by ¥1,174 million from the end of the previous fiscal year. However, no cash flow statement was prepared for the first quarter. - FY2019Operating cash flow declined but remained positiveAnnual report
「Cash provided by operating activities was ¥2,090 million, compared with ¥4,429 million in the previous fiscal year. This mainly reflected increases of ¥1,446 million in inventories and ¥2,272 million in trade payables, offset by income before income taxes of ¥4,308 million and depreciation and amortization of ¥1,814 million.」
Operating cash flow remained positive but declined from ¥4,429 million in the previous fiscal year to ¥2,090 million. Higher inventories and lower trade payables were the main factors behind the decline. - FY2019-Q2Operating cash flow turned negativeAnnual report
「Cash used in operating activities was ¥833 million, compared with ¥423 million provided in the year-earlier period. This was mainly attributable to income before income taxes of ¥2,185 million, depreciation and amortization of ¥859 million, an increase of ¥1,078 million in inventories and a decrease of ¥1,779 million in trade payables.」
Operating cash flow shifted from ¥423 million provided in the year-earlier period to ¥833 million used. The main factors cited were higher inventories and lower trade payables. - FY2018Shift to a slight increase in operating cash flowAnnual report
「Cash provided by operating activities was ¥4,426 million, compared with ¥4,348 million in the previous fiscal year. This primarily reflected increases of ¥2,074 million in trade receivables and ¥4,405 million in inventories, offset by income before income taxes of ¥6,151 million, depreciation and amortization of ¥1,638 million, and an increase of ¥2,805 million in trade payables.」
Inventories increased by ¥4,405 million, but operating cash flow edged up from ¥4,348 million in the previous fiscal year to ¥4,426 million. - FY2018-Q3RestatedAnnual report
「Current assets totaled ¥78,387 million, up ¥5,620 million from ¥72,767 million at the end of the previous consolidated fiscal year. The main factors were a decrease in cash and deposits, from ¥21,208 million to ¥20,430 million, or ¥778 million, offset by increases in notes and accounts receivable, from ¥28,932 million to ¥31,935 million, or ¥3,003 million; electronically recorded monetary claims, from ¥1,749 million to ¥3,170 million, or ¥1,421 million; and inventories, comprising merchandise and finished goods, work in process, raw materials and supplies, from ¥18,692 million to ¥21,177 million, or ¥2,484 million.」
Inventories increased by ¥2,484 million from the end of the previous consolidated fiscal year. No cash flow statement was prepared for the nine months ended the third quarter. - FY2018-Q2First statedAnnual report
「Cash provided by operating activities was ¥423 million, compared with ¥3,775 million provided in the year-earlier period. This was mainly attributable to income before income taxes of ¥3,183 million, depreciation and amortization of ¥795 million, an increase of ¥957 million in trade receivables and an increase of ¥2,677 million in inventories.」
Cash flow from operating activities declined from ¥3,775 million in the year-earlier period to ¥423 million for the six months ended the second quarter, mainly due to the ¥2,677 million increase in inventories and other factors.