Impact on operating cash flow from recognizing the equivalent amount of the NEDO grant as a receivable
First written in FY2024. . Latest entry: 2026-10-15.
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- FY2026-H1Operating Cash Flow Shifted from Inflow to OutflowAnnual report
「Cash used in operating activities was ¥51.306 million (compared with an inflow of ¥767.362 million in the same period of the previous fiscal year). This was mainly due to increases of ¥104.703 million in trade receivables and ¥79.133 million in other receivables, decreases of ¥132.254 million in contract liabilities and ¥67.726 million in accrued consumption taxes and other items included in Other, and ¥53.650 million in income taxes paid, despite the recognition of ¥389.600 million in interim profit before income taxes.」
Operating cash flow changed from an inflow of ¥767.362 million in the previous interim accounting period, due mainly to grant collection, to an outflow of ¥51.306 million in the current interim accounting period, due to working capital items and payments of income taxes and other taxes. - FY2025Improvement in operating cash flow from grant collectionAnnual report
「Cash generated from operating activities was ¥1,621.241 million (compared with ¥760.011 million used in the previous fiscal year). This was mainly due to the recognition of ¥451.978 million in profit before income taxes and a ¥684.118 million decrease in grant-related receivables following the collection of grants for public projects.」
Operating cash flow changed from an outflow in the previous fiscal year, due mainly to the accrual of receivables equivalent to grants, to an inflow of ¥1,621.241 million, mainly due to the collection of grants for public projects. - FY2025-H1Reversal of the Cash Flow Impact from Grant CollectionAnnual report
「Cash provided by operating activities was ¥767.362 million, compared with an outflow of ¥170.674 million in the same period of the previous year. This was mainly due to the recording of interim net income before taxes of ¥292.253 million, an increase of ¥348.724 million in trade receivables and a decrease of ¥631.751 million in other receivables, among other factors.」
In the previous fiscal year, operating cash flow was negative due mainly to the accrual of receivables equivalent to an NEDO grant. In the current interim accounting period, operating cash flow was ¥767.362 million, mainly due to a ¥631.751 million decrease in grant-related receivables following collection of the grant. - FY2024First statedAnnual report
「This was mainly due to an increase of ¥684.736 million in grants receivable from recording the grant-equivalent amount related to NEDO’s Phase 1 project as a receivable, while cash and deposits decreased by ¥671.624 million, primarily due to payments of expenses related to the project, among other factors.」
Operating cash flow changed from an inflow of ¥460.532 million to an outflow of ¥760.011 million, mainly due to recording ¥684.736 million in grant-equivalent receivables related to the NEDO project, among other factors.