Increase in trade receivables weakened operating cash flow
First written in FY2017. 9 of 32 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-11-09.
Ishikawa Seisakusho moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 10 of 38 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- 2026-11-09MitigatedResults
「Cash flows from operating activities △3,178 △267」
The decrease in cash flow from operating activities narrowed from ¥3,178 million in the same period of the previous year to ¥267 million, representing a substantial improvement. - FY2026WorsenedAnnual report
「Cash used in operating activities during the consolidated fiscal year was ¥3.437 billion (compared with ¥2.165 billion used in the previous consolidated fiscal year). This was mainly due to increases in trade receivables of ¥3.228 billion and contract assets of ¥1.718 billion, which reduced cash.」
The operating cash flow deficit increased from ¥2.165 billion in the previous fiscal year to ¥3.437 billion. The main factors were increases in trade receivables and contract assets. - 2026-05-11WorsenedResults
「Cash used in operating activities during the current consolidated fiscal year amounted to ¥3,437 million, compared with cash used of ¥2,165 million in the previous consolidated fiscal year. This was mainly due to decreases in cash resulting from increases of ¥3,228 million in trade receivables and ¥1,718 million in contract assets.」
The decrease in cash flow from operating activities widened from the previous fiscal year, primarily due to increases in trade receivables and contract assets. - FY2026-H1WorsenedAnnual report
「Cash used in operating activities during the interim consolidated fiscal period was ¥3.178 billion, compared with ¥1.783 billion in the same interim consolidated fiscal period of the previous year. Although decreases in trade receivables of ¥961 million and other factors increased cash, increases in contract assets of ¥2.699 billion, inventories of ¥977 million, and other factors reduced cash.」
The operating cash flow deficit increased from ¥1.783 billion in the same interim period of the previous year to ¥3.178 billion. The cash increase from the decrease in trade receivables was outweighed by increases in contract assets and inventories. - FY2025WorsenedAnnual report
「Cash used in operating activities during the consolidated fiscal year was ¥2.165 billion, compared with ¥1.895 billion in the previous consolidated fiscal year. This was mainly due to increases in contract assets of ¥2.245 billion and trade receivables of ¥800 million, which reduced cash.」
The operating cash flow deficit increased from ¥1.895 billion in the previous fiscal year to ¥2.165 billion. The main factors were increases in contract assets and trade receivables. - FY2025-H1WorsenedAnnual report
「Cash used in operating activities during the interim consolidated fiscal period was ¥1.783 billion, compared with ¥717 million in the same interim consolidated fiscal period of the previous year. Although decreases in trade receivables of ¥1.942 billion and other factors increased cash, increases in contract assets of ¥2.561 billion, inventories of ¥1.517 billion, and other factors reduced cash.」
The operating cash flow deficit increased from ¥717 million in the same interim period of the previous year to ¥1.783 billion. The increase in cash from the decrease in trade receivables was outweighed by increases in contract assets and inventories. - FY2024-Q3Third-quarter cash flow not disclosed; increase in inventoriesAnnual report
「We have not prepared a quarterly consolidated statement of cash flows for the nine months ended September 2016.」
Operating cash flow for the nine months ended the third quarter was not disclosed. In terms of financial position, inventories increased by ¥1.834 billion from the end of the previous consolidated fiscal year. - FY2024-Q2WorsenedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥717 million, compared with ¥312 million in the same period of the previous year. Although decreases in trade receivables of ¥1.733 billion and other factors increased cash, decreases in contract liabilities of ¥1.694 billion, increases in inventories of ¥894 million, and other factors reduced cash.」
The operating cash flow deficit increased from ¥313 million in the same period of the previous year to ¥718 million. The cash increase from the decrease in trade receivables was outweighed by cash reductions from the decrease in contract liabilities and increase in inventories. - FY2024-Q1Decrease in trade receivables; quarterly cash flow not disclosedAnnual report
「The quarterly consolidated cash flow statement for the first quarter of the current consolidated cumulative period has not been prepared.」
Operating cash flow for the three months ended the first quarter was not disclosed. In terms of financial position, trade notes, accounts receivable and contract assets decreased by ¥1.560 billion from the end of the previous consolidated fiscal year, while inventories increased by ¥527 million. - FY2023Smaller increase in operating cash flowAnnual report
「Cash provided by operating activities during the consolidated fiscal year was ¥1.285 billion, compared with ¥1.889 billion in the previous consolidated fiscal year. This was mainly due to a ¥1.330 billion decrease in trade receivables, contract assets and contract liabilities, which increased cash.」
Operating cash flow remained positive at ¥1.285 billion, but the increase narrowed from ¥1.889 billion in the previous fiscal year. Decreases in trade receivables, contract assets and contract liabilities increased cash. - FY2023-Q3Decrease in trade receivables; quarterly cash flow not disclosedAnnual report
「We have not prepared a quarterly consolidated statement of cash flows for the nine months ended September 2016.」
Operating cash flow for the nine months ended the third quarter was not disclosed. In terms of financial position, trade notes, accounts receivable and contract assets decreased by ¥1.222 billion, while inventories increased by ¥1.158 billion. - FY2023-Q2WorsenedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥312 million, compared with ¥66 million in the same period of the previous year. Although decreases in trade receivables of ¥1.116 billion and other factors increased cash, increases in inventories of ¥685 million, contract assets of ¥557 million, and other factors reduced cash.」
The operating cash flow deficit increased from ¥66 million in the same period of the previous year to ¥313 million. The cash increase from the decrease in trade receivables was outweighed by cash reductions from increases in inventories and contract assets. - FY2023-Q1Quarterly cash flow not disclosed; decrease in trade receivablesAnnual report
「The quarterly consolidated cash flow statement for the first quarter of the current consolidated cumulative period has not been prepared.」
Operating cash flow for the three months ended the first quarter was not disclosed. In terms of financial position, trade notes, accounts receivable and contract assets decreased by ¥721 million, while inventories increased by ¥364 million. - FY2022-Q3Increase in trade receivables; quarterly cash flow not disclosedAnnual report
「We have not prepared a quarterly consolidated statement of cash flows for the nine months ended September 2016.」
Operating cash flow for the nine months ended the third quarter was not disclosed. In terms of financial position, trade notes, accounts receivable and contract assets increased by ¥1.887 billion from the end of the previous consolidated fiscal year, while inventories decreased by ¥184 million. - FY2022-Q2AdvancedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥66 million, compared with ¥1.015 billion in the same period of the previous year.」
The operating cash flow deficit narrowed sharply from ¥1.015 billion in the same period of the previous year to ¥66 million. An increase in trade payables contributed to increased cash, while increases in inventories and trade receivables reduced cash. - FY2022-Q1Quarterly cash flow not disclosed; decrease in trade receivablesAnnual report
「The quarterly consolidated cash flow statement for the first quarter of the current consolidated cumulative period has not been prepared.」
Operating cash flow for the three months ended the first quarter was not disclosed. In terms of financial position, trade notes, accounts receivable and contract assets decreased by ¥287 million, and inventories also decreased by ¥378 million. - FY2021AdvancedAnnual report
「Cash provided by operating activities during the consolidated fiscal year was ¥198 million, compared with cash used of ¥2.206 billion in the previous consolidated fiscal year. This was mainly because a ¥347 million increase in trade receivables was outweighed by a ¥513 million decrease in inventories, which increased cash.」
Operating cash flow shifted from cash outflow of ¥2.206 billion in the previous fiscal year to cash inflow of ¥198 million. The decrease in inventories was the main factor increasing cash. - FY2021-Q3Quarterly cash flow not disclosed; decrease in trade receivablesAnnual report
「We have not prepared a quarterly consolidated statement of cash flows for the nine months ended September 2016.」
Operating cash flow for the nine months ended the third quarter was not disclosed. In terms of financial position, trade receivables decreased by ¥1.140 billion, while inventories increased by ¥1.844 billion, so improvement or deterioration in cash flow cannot be confirmed from this filing alone. - FY2021-Q2AdvancedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥1.015 billion, compared with ¥2.012 billion in the same period of the previous year. Although decreases in trade receivables of ¥1.233 billion and other factors increased cash, increases in inventories of ¥1.493 billion, decreases in trade payables of ¥460 million, and other factors reduced cash.」
The operating cash flow deficit narrowed from ¥2.012 billion in the same period of the previous year to ¥1.015 billion. The decrease in trade receivables contributed to increased cash, while the increase in inventories and other factors reduced cash. - FY2021-Q1Decrease in trade receivables and increase in inventories; quarterly cash flow not disclosedAnnual report
「This was mainly because inventories increased by ¥666 million, while trade notes and accounts receivable decreased by ¥1.098 billion and cash and deposits decreased by ¥447 million.」
Trade receivables decreased by ¥1.098 billion from the end of the previous consolidated fiscal year, while inventories increased by ¥666 million. No consolidated cash flow statement was prepared for the first quarter, and operating cash flow was not disclosed. - FY2020WorsenedAnnual report
「Cash used in operating activities during the consolidated fiscal year was ¥2.206 billion, compared with cash provided of ¥766 million in the previous consolidated fiscal year. This was mainly because increases in trade receivables of ¥2.069 billion and inventories of ¥448 million reduced cash.」
Operating cash flow shifted from cash inflow of ¥766 million in the previous fiscal year to cash outflow of ¥2.206 billion. The main factors were increases in trade receivables and inventories. - FY2020-Q3Quarterly cash flow not disclosed; increase in trade receivablesAnnual report
「We have not prepared a quarterly consolidated statement of cash flows for the nine months ended September 2016.」
Operating cash flow for the nine months ended the third quarter was not disclosed. In terms of financial position, trade receivables increased by ¥730 million from the end of the previous consolidated fiscal year, so improvement or deterioration in cash flow cannot be confirmed from this filing. - FY2020-Q2WorsenedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥2.012 billion, compared with ¥1.466 billion in the same period of the previous year. This was mainly due to a ¥2.328 billion increase in inventories, which reduced cash.」
The operating cash flow deficit increased from ¥1.466 billion in the same period of the previous year to ¥2.012 billion. The main factor was a ¥2.328 billion increase in inventories. - FY2020-Q1Decrease in trade receivables and increase in inventories; quarterly cash flow not disclosedAnnual report
「This was mainly because trade notes and accounts receivable decreased by ¥228 million, while inventories increased by ¥950 million.」
Trade receivables decreased by ¥228 million from the end of the previous consolidated fiscal year, while inventories increased by ¥950 million. No consolidated cash flow statement was prepared for the first quarter, and operating cash flow was not disclosed. - FY2019Smaller increase in operating cash flowAnnual report
「Cash provided by operating activities during the consolidated fiscal year was ¥766 million, compared with ¥3.601 billion in the previous consolidated fiscal year. This was mainly because cash reductions from a ¥567 million decrease in trade payables and a ¥345 million increase in inventories were outweighed by a ¥1.445 billion decrease in trade receivables, which increased cash.」
Operating cash flow remained positive at ¥766 million, but the increase narrowed from ¥3.601 billion in the previous fiscal year. The decrease in trade receivables was the main factor increasing cash, while decreases in inventories and trade payables reduced cash. - FY2019-Q3Inventory continues to increaseAnnual report
「Current assets increased by ¥1.253 billion, or 12.7%, from the end of the previous consolidated fiscal year to ¥11.112 billion. This was mainly because a ¥1.013 billion decrease in trade notes and accounts receivable was outweighed by a ¥2.393 billion increase in inventories.」
While trade receivables decreased, inventories increased by ¥2.393 billion. No cash flow statement was prepared for the nine months ended the third quarter, and operating cash flow was not disclosed. - FY2019-Q2Increase in inventories weakened operating cash flowAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥1.466 billion, compared with cash provided of ¥1.524 billion in the same period of the previous year. This was mainly due to a ¥1.784 billion increase in inventories, which reduced cash.」
Operating cash flow shifted from cash inflow of ¥1.524 billion in the same period of the previous year to cash outflow of ¥1.466 billion. The main factor was a ¥1.784 billion increase in inventories. - FY2019-Q1Continued decrease in trade receivablesAnnual report
「This was due to decreases of ¥869 million in trade notes and accounts receivable and ¥464 million in cash and deposits.」
Trade receivables, which had been a factor weakening operating cash flow in the previous fiscal year, decreased by ¥869 million from the end of the previous consolidated fiscal year in the first quarter. However, no cash flow statement was prepared for the first quarter of the fiscal year, so operating cash flow cannot be confirmed. - FY2018-Q3Continued decrease in trade receivablesAnnual report
「This was mainly because trade notes and accounts receivable decreased by ¥2.552 billion, while inventories increased by ¥7.086 billion.」
Trade receivables, which had been a factor weakening operating cash flow in the previous fiscal year, decreased by ¥2.552 billion from the end of the previous fiscal year as of the end of the third quarter. However, as no cash flow statement was prepared for the quarter, the improvement in operating cash flow itself cannot be confirmed. - FY2018-Q2AdvancedAnnual report
「Cash provided by operating activities during the six months ended the second quarter was ¥1.524 billion, compared with cash used of ¥1.804 billion in the same period of the previous year. This was mainly because the ¥2.040 billion decrease in cash resulting from an increase in inventories was outweighed by the ¥3.818 billion increase in cash resulting from a decrease in trade receivables.」
Operating cash flow shifted from cash outflow of ¥1.804 billion in the same period of the previous year to cash inflow of ¥1.524 billion in the six months ended the second quarter. The decrease in trade receivables was the main factor behind the increase. - FY2018-Q1Decrease in trade receivables balanceAnnual report
「Current assets decreased by ¥2.736 billion (35.0%) from the end of the previous consolidated fiscal year to ¥5.089 billion. This was mainly due to a ¥3.867 billion decrease in notes and accounts receivable, despite a ¥1.036 billion increase in inventories.」
Trade receivables, which had been a factor weakening operating cash flow in the previous fiscal year, decreased by ¥3.867 billion in the first quarter. However, as no cash flow statement was prepared for the quarter, the improvement in operating cash flow itself cannot be confirmed. - FY2017First statedAnnual report
「Cash used in operating activities during the consolidated fiscal year was ¥2.151 billion, compared with cash provided of ¥827 million in the previous consolidated fiscal year. This was mainly because increases in cash from a ¥619 million increase in trade payables, ¥269 million in depreciation and amortization, and a ¥170 million decrease in inventories were outweighed by a ¥3.386 billion increase in trade receivables, which reduced cash.」
Operating cash flow shifted from cash inflow of ¥827 million in the previous fiscal year to cash outflow of ¥2.151 billion, mainly due to a ¥3.386 billion increase in trade receivables.