Operating Cash Flow Pressure from Increased Inventories
First written in FY2020-Q2. 12 of 17 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2018: 4 of 22 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Change in inventories (△ indicates an increase) 78,474 410,315」
Inventories were a ¥410 million source of cash flow from operating activities in the current period, with cash inflow from lower inventories exceeding that of the previous period. - FY2025MitigatedAnnual report
「Change in inventories (△ indicates an increase) 78,474」
Inventories were a ¥78 million source of cash flow from operating activities, resulting in cash inflow from lower inventories rather than pressure on cash from higher inventories in the current period. - FY2024MitigatedAnnual report
「Change in inventories (△ indicates an increase) △ 70,210 73,349」
The impact of inventories changed from a ¥70.210 million reduction in operating cash flow in the previous year to a ¥73.349 million increase in the current year, indicating an improvement in the pressure on operating cash flow caused by higher inventories. - FY2024-Q3MitigatedAnnual report
「Merchandise and finished goods 691,614 668,165」
Merchandise and finished goods decreased from the end of the previous consolidated fiscal year, indicating an improvement from the pressure on operating cash flow caused by higher inventories through the previous quarter. - FY2024-Q2WorsenedAnnual report
「The main factors were a ¥382 million quarterly net income before income taxes, a ¥270 million gain on the sale of securities, a ¥147 million gain on the sale of investment securities, an ¥86 million increase in trade receivables, and a ¥62 million increase in inventories, among others.」
Inventories were a ¥62 million reduction factor, causing renewed pressure on cash flow from operating activities. - FY2023MitigatedAnnual report
「Change in inventories (△ indicates an increase) 87,939 △70,210」
The impact of inventories changed from an ¥87.939 million reduction in operating cash flow in the previous period to a ¥70.210 million source of cash in the current period, indicating that the pressure caused by higher inventories was easing. - FY2023-Q3MitigatedAnnual report
「Merchandise and finished goods 627,441 622,343」
Merchandise and finished goods decreased slightly from ¥627.441 million at the end of the previous consolidated fiscal year to ¥622.343 million, improving from the pressure on operating cash flow caused by higher inventories in the previous period. - FY2023-Q2WorsenedAnnual report
「The main factors were a ¥37 million quarterly net loss before income taxes, a ¥17 million decrease in trade payables, a ¥46 million increase in inventories, a ¥22 million consumption tax refund, and a ¥36 million decrease in income taxes payable, among others.」
Inventories were a ¥46 million reduction factor, changing the impact on operating cash flow from the improvement caused by lower inventories in the previous period to pressure caused by higher inventories. - FY2023-Q1MitigatedAnnual report
「Merchandise and finished goods 627,441 554,477」
Merchandise and finished goods decreased from ¥627.441 million at the end of the previous consolidated fiscal year to ¥554.477 million, improving from the pressure on operating cash flow caused by higher inventories in the previous period. - FY2022-Q3MitigatedAnnual report
「Merchandise and finished goods 714,958 652,491」
Merchandise and finished goods decreased from ¥714.958 million at the end of the previous consolidated fiscal year to ¥652.491 million, improving from the pressure on operating cash flow caused by higher inventories in the previous period. - FY2022-Q2MitigatedAnnual report
「Cash decreased by ¥79 million as a result of operating activities, compared with a ¥54 million decrease in the same quarter of the previous year. This reflected a ¥122 million quarterly net loss before income taxes and a ¥50 million decrease in inventories, among other factors.」
Inventories were a ¥50 million source of cash, an improvement from the pressure on operating cash flow caused by higher inventories in the previous period. Operating cash flow as a whole, however, was negative. - FY2022-Q1Decrease in inventoriesAnnual report
「Merchandise and finished goods 714,958 693,805」
Merchandise and finished goods decreased from ¥714.958 million at the end of the previous period to ¥693.805 million. - FY2021MitigatedAnnual report
「Cash decreased by ¥76 million as a result of operating activities. This was mainly due to a ¥263 million net loss before income taxes, an ¥88 million decrease in trade payables, and a ¥208 million decrease in inventories, among other factors.」
Inventories were a ¥208 million source of cash, an improvement from the pressure on operating cash flow caused by higher inventories in the previous period. Operating cash flow itself, however, was negative ¥76 million. - FY2021-Q2MitigatedAnnual report
「Cash decreased by ¥54 million as a result of operating activities. This reflected a ¥107 million quarterly net loss before income taxes, a ¥117 million decrease in trade payables, and a ¥175 million reduction in inventories, among other factors.」
Inventories were a ¥175 million source of cash, an improvement from the pressure on operating cash flow caused by higher inventories in the previous period. - FY2020MitigatedAnnual report
「Change in inventories (△ indicates an increase) △147,264 46,931」
The increase in inventories, which reduced cash flow from operating activities in the previous period, was a ¥46 million reduction factor in the current period, improving the impact on operating cash flow. - FY2020-Q3RestatedAnnual report
「Merchandise 245,474 406,553」
The merchandise balance increased from ¥245.474 million at the end of the previous fiscal year to ¥406.553 million, and inventories continued to increase. - FY2020-Q2First statedAnnual report
「The main components were a quarterly net loss before income taxes and an increase in inventories, among other factors.」
An increase in inventories was cited for the first time as a standalone factor behind the ¥123 million decrease in cash flow from operating activities. The balance of merchandise increased from ¥245.474 million to ¥425.326 million.