Operating Cash Flow Turning Negative Due to an Increase in Inventory
First written in FY2023-Q2. 4 of 9 entries say "Mitigated", first in FY2024-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Change in inventories (△ indicates an increase) 986」
In the current fiscal year, inventories decreased by ¥986 million, easing the pressure on cash flow compared with the ¥396 million increase in the previous year. Cash flow from operating activities increased by ¥3,512 million. - 2026-05-14WorsenedResults
「営業活動によるキャッシュ・フローは3,512百万円の増加（前年同期比3,288百万円の減少）となりました。」
営業活動によるキャッシュ・フローの増加額が前年同期から減少した。連結キャッシュ・フロー計算書では棚卸資産の増減額が△986百万円となっており、棚卸資産の増加がキャッシュ・フローを押し下げている。 - FY2026-H1WorsenedAnnual report
「Cash flow from operating activities decreased by ¥302 million, a decrease of ¥7,268 million year on year. The main factor increasing it was interim net income before income taxes of ¥3,990 million, while decreases resulted from an increase in inventories of ¥1,486 million, a decrease in accounts payable of ¥778 million, an increase in trade receivables of ¥681 million, a decrease in accrued expenses of ¥480 million, and income taxes paid of ¥1,097 million.」
Cash flow from operating activities changed from an increase of ¥6,965 million in the same period of the previous year to a decrease of ¥302 million in the current interim period. The ¥1,486 million increase in inventories, among other factors, weighed on cash flow. - FY2025MitigatedAnnual report
「Cash flow from operating activities increased by ¥6,801 million, an increase of ¥605 million year on year. The main factors were increases from net income before income taxes of ¥9,388 million and a ¥2,310 million decrease in trade receivables, and a decrease from income taxes paid of ¥4,367 million.」
Cash flow from operating activities increased by ¥6,801 million, and the increase in inventories changed from ¥3,664 million in the same period of the previous year to a decrease of ¥396 million in the current fiscal year, among other factors easing the cash flow pressure from inventories. - FY2025-H1MitigatedAnnual report
「Decrease in inventories of ¥1,958 million」
Inventories decreased by ¥1,958 million in the current interim period, compared with an increase in the same period of the previous year, improving operating cash flow to an increase of ¥6,965 million. - FY2024-Q3Inventory balance increased furtherAnnual report
「This was mainly due to increases of ¥1,355 million in cash and deposits, ¥3,266 million in notes and accounts receivable, ¥709 million in securities, and ¥3,248 million in merchandise and finished goods.」
Merchandise and finished goods at the end of the current third quarter increased by ¥3,248 million from the end of the previous consolidated fiscal year, and inventories continued to increase. - FY2024-Q2MitigatedAnnual report
「Cash flow from operating activities increased by ¥2,447 million, an increase of ¥3,791 million from the same cumulative quarter of the previous year. The main factors were an increase from quarterly net income before income taxes of ¥6,072 million and decreases from increases of ¥1,040 million in trade receivables and ¥2,703 million in inventories.」
The ¥2,703 million increase in inventories continued to weigh on operating cash flow, but cash flow from operating activities changed from a decrease in the same period of the previous year to an increase of ¥2,447 million, due in part to higher profit before income taxes. - FY2024-Q1Inventory balance increasedAnnual report
「This was mainly due to increases of ¥1,783 million in notes and accounts receivable and ¥1,354 million in merchandise and finished goods.」
Merchandise and finished goods at the end of the current first quarter increased by ¥1,354 million from the end of the previous consolidated fiscal year. As the quarterly consolidated statements of cash flows were not prepared in the first-quarter report, the impact on operating cash flow was not disclosed. - FY2023-Q2First statedAnnual report
「Cash flow from operating activities decreased by ¥1,343 million, a decrease of ¥2,042 million from the same cumulative quarter of the previous year. The main factors were increases from quarterly net income before income taxes of ¥189 million and depreciation of ¥334 million, and decreases from an increase in inventories of ¥1,526 million and a decrease in accounts payable of ¥419 million.」
Cash flow from operating activities changed from income of ¥699 million in the same period of the previous year to an outflow of ¥1,343 million, with the ¥1,526 million increase in inventories among the main factors behind the decline.