Decrease in Operating Cash Flow Due to Increases in Trade Receivables and Inventories
First written in FY2022. 3 of 11 entries say "Mitigated", first in FY2026-H1. Latest entry: 2026-08-10.
The whole theme swung hardest in 2022: 38 of 140 companies on the "Worse" side.
33 other companies' latest entry also says "Worsened".
- 2026-08-10WorsenedEarnings
「This was mainly due to increases of ¥7.574 billion in notes and accounts receivable, ¥10.123 billion in merchandise and finished goods, and ¥4.410 billion in raw materials and supplies, together with a decrease of ¥2.161 billion in cash and deposits.」
Trade receivables, merchandise and finished goods, and raw materials and supplies increased, indicating a growing working-capital burden related to current assets. - FY2026MitigatedAnnual report
「The increase in cash provided by operating activities was ¥1,867 million for the consolidated fiscal year, compared with a decrease of ¥10,043 million in the previous year. This mainly reflected increases in funds from income before income taxes and other adjustments, depreciation and an increase in trade payables, offset by a decrease in funds resulting from an increase in trade receivables and interest payments.」
Operating cash flow shifted from a decrease of ¥10,043 million in the previous year to an increase of ¥1,867 million, easing the deterioration in cash flow caused by the working capital burden. - 2026-05-14MitigatedEarnings
「The increase in cash from operating activities amounted to ¥1,867 million, compared with a decrease of ¥10,043 million in the same period of the previous year. This reflected increases in cash primarily from recording income before income taxes and depreciation and amortization and from an increase in accounts payable, partly offset by a decrease in cash from an increase in trade receivables and interest payments.」
Although the cash outflow from higher trade receivables continued, cash flow from operating activities turned from a decrease in the same period of the previous year to an increase of ¥1,867 million, easing the impact on liquidity. - FY2026-H1MitigatedAnnual report
「Cash provided by operating activities increased by ¥8,332 million during the interim consolidated accounting period, compared with a decrease of ¥8,886 million in the previous interim consolidated accounting period. In addition to interim net income before income taxes and other adjustments, this reflected increases in funds from depreciation and an increase in trade payables, as well as an increase in funds resulting from decreases in trade receivables and inventories.」
The decrease in trade receivables and inventories contributed to the increase in operating cash flow, which shifted from a decrease of ¥8,886 million in the same period of the previous year to an increase of ¥8,332 million. - FY2025-H1Increase in operating assets and widening decrease in operating cash flowAnnual report
「Cash provided by operating activities decreased by ¥8,886 million during the interim consolidated accounting period, compared with a decrease of ¥5,887 million in the previous interim consolidated accounting period. In addition to interim net income before income taxes and other adjustments, this reflected increases in funds from depreciation and a decrease in other receivables, offset by decreases in funds resulting from increases in trade receivables and inventories.」
The decrease in trade receivables and inventories contributed to the increase in operating cash flow, while the decrease in operating cash flow widened from ¥5,887 million in the same period of the previous year to ¥8,886 million. Within current assets, notes and accounts receivable increased by ¥8,070 million, while raw materials and supplies increased by ¥7,877 million. - FY2024-Q3Increase in current assets, inventories and other assetsAnnual report
「As of the end of the third quarter of the current fiscal year, current assets stood at ¥111,527 million, an increase of ¥8,805 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥1,001 million in cash and deposits, ¥2,726 million in notes and accounts receivable, ¥1,990 million in merchandise and finished goods, and ¥2,618 million in other current assets.」
Current assets increased by ¥8,805 million from the end of the previous fiscal year, including increases of ¥2,726 million in notes and accounts receivable and ¥1,990 million in merchandise and finished goods. Assets related to the working capital burden continued to increase. - FY2024-Q2Shift to a decrease in operating cash flowAnnual report
「Cash provided by operating activities decreased by ¥5,887 million during the second quarter cumulative period, compared with an increase of ¥16,609 million in the same period of the previous year. This was mainly due to a decrease in funds resulting from an increase in other receivables and a decrease in trade payables.」
Operating cash flow shifted from an increase of ¥16,609 million in the same period of the previous year to a decrease of ¥5,887 million, due to an increase in other receivables and a decrease in trade payables. - FY2024-Q1Increase in inventories and other assetsAnnual report
「As of the end of the first quarter of the current fiscal year, current assets stood at ¥109,323 million, an increase of ¥6,601 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥1,860 million in cash and deposits, ¥1,773 million in merchandise and finished goods, ¥1,486 million in raw materials and supplies, and ¥1,081 million in other current assets.」
Current assets increased by ¥6,601 million from the end of the previous fiscal year, including increases of ¥1,773 million in merchandise and finished goods and ¥1,486 million in raw materials and supplies. Inventories and other assets continued to increase amid the working capital burden identified in the previous fiscal year, although no cash flow statement was prepared for the first quarter. - FY2023-Q2Shift to an increase in operating cash flowAnnual report
「Cash flows from operating activities increased by ¥16.609 billion in the six months ended the second quarter of the current consolidated fiscal year, compared with a decrease of ¥7.535 billion in the same period of the previous fiscal year. This primarily reflected the recording of profit before income taxes, an increase in cash from decreases in trade receivables and inventories, and a decrease in cash from payments of income taxes.」
Decreases in trade receivables and inventories contributed to higher operating cash flow, which shifted from a decrease of ¥7.535 billion in the same period of the previous fiscal year to an increase of ¥16.609 billion. - FY2023-Q1Increase in trade receivables and decrease in raw material inventoriesAnnual report
「This was mainly due to increases of ¥2.299 billion in cash and deposits and ¥4.498 billion in notes and accounts receivable, and decreases of ¥2.269 billion in raw materials and supplies and ¥1.358 billion in other assets.」
At the end of the first quarter, notes and accounts receivable increased by ¥4.498 billion from the end of the previous fiscal year, while raw materials and supplies decreased by ¥2.269 billion. The composition changed from the previous fiscal year, when simultaneous increases in trade receivables and inventories reduced operating cash flow. - FY2022First statedAnnual report
「Cash flows from operating activities decreased by ¥15.621 billion in the current consolidated fiscal year, compared with a decrease of ¥4.521 billion in the same period of the previous fiscal year. This primarily reflected the recording of profit before income taxes, an increase in cash from higher trade payables, and a decrease in cash from increases in trade receivables and inventories.」
Cash flows from operating activities decreased by ¥15.621 billion due to increases in trade receivables and inventories. The working capital burden associated with higher current assets was clearly reflected in the financial data for the current fiscal year.