Strategic inventory buildup
First written in FY2019. 10 of 20 entries say "Advanced", first in FY2020. Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Inventory increased againAnnual report
「Trade receivables increased by ¥27,355 million, inventories increased by ¥17,037 million, and property, plant and equipment increased by ¥139,292 million.」
Inventories, which had declined through the previous fiscal year, increased by ¥17,037 million at the end of the current fiscal year. The company explained that it had not changed its policy of strategically maintaining higher inventory levels. - FY2026-H1Continued decrease in inventoriesAnnual report
「Cash and deposits increased by ¥4,189 million, inventories decreased by ¥2,030 million, and property, plant and equipment increased by ¥109,119 million.」
Inventories, which had increased through the previous fiscal year, decreased by ¥2,030 million from the previous fiscal year-end at the end of the interim consolidated accounting period. However, the company does not state that it has withdrawn or changed its policy of strategically holding higher inventory levels. - FY2025Decrease in inventories and continuation of the inventory policyAnnual report
「Trade receivables decreased by ¥9,701 million, inventories decreased by ¥29,896 million, and property, plant and equipment increased by ¥65,158 million, mainly due to the completion of the company's new head office and capital investment at manufacturing sites within the group.」
Inventories, which had increased through the previous fiscal year, decreased by ¥29,896 million from the previous fiscal year-end. At the same time, the company explained that it regards its broad product lineup and ample inventories as competitive advantages and has no plans to change its policy of strategically maintaining higher inventory levels. - FY2025-H1Decrease in inventoriesAnnual report
「The main factors behind the decrease were a ¥19,875 million decline in trade receivables and a ¥13,598 million decline in inventories, reflecting the yen's appreciation against major currencies, including the U.S. dollar, from the previous fiscal year-end. These decreases offset a ¥17,701 million increase in property, plant and equipment, primarily due to capital investment at manufacturing sites.」
Inventories, which had increased through the previous fiscal year, decreased by ¥13,598 million from the previous fiscal year-end at the end of the interim consolidated accounting period. However, the company does not state that it has withdrawn or changed its policy of strategically holding inventory. - FY2024AdvancedAnnual report
「The main factor behind the change in assets was a ¥100,956 million increase in inventories, mainly raw materials and components.」
The group continued to maintain ample inventories, mainly raw materials and components, and inventories increased by ¥100,956 million from the previous fiscal year-end. The company explicitly stated that it would not change its policy of strategically maintaining higher inventory levels. - FY2024-Q3Continued substantial increase in inventoriesAnnual report
「¥92,213 million increase in inventories, mainly raw materials and components」
Inventories, mainly raw materials and components, increased by ¥92,213 million from the previous fiscal year-end. The substantial increase in inventory balances continues, but this filing does not explicitly describe the increase as “strategic stockpiling.” - FY2024-Q2Continued substantial increase in inventoriesAnnual report
「The main factors behind the increase were a ¥72,635 million increase in inventories, mainly raw materials and components; a ¥27,505 million increase in property, plant and equipment, primarily due to capital investment at manufacturing sites; and a ¥73,726 million increase in investment securities, including new purchases of U.S. Treasury securities.」
Inventories, mainly raw materials and components, increased by ¥72,635 million from the previous fiscal year-end. Inventory balances continue to increase, but this filing does not explicitly describe the increase as “strategic stockpiling.” - FY2024-Q1Continued inventory growthAnnual report
「Assets consisted of cash and deposits of ¥565,938 million (down ¥37,632 million from the previous fiscal year-end), inventories of ¥465,359 million (up ¥46,757 million), property, plant and equipment of ¥348,325 million (up ¥21,330 million), and investment securities of ¥165,417 million (up ¥72,996 million).」
Inventories increased by ¥46,757 million from the previous consolidated fiscal year-end. Inventory balances continue to increase, but this filing does not explicitly describe the increase as “strategic stockpiling.” - FY2023AdvancedAnnual report
「Inventories amounted to ¥418,602 million, an increase of ¥115,056 million, due to higher purchases accompanying increased sales and a strategic build-up of component and raw material inventories to address increasingly constrained supply chain conditions.」
The company continued its strategic build-up of component and raw material inventories in response to supply chain constraints, increasing inventories by ¥115,056 million from the end of the previous period. It explicitly stated that it had no plans to change its policy of maintaining strategically high inventory levels. - FY2023-Q3AdvancedAnnual report
「Inventories amounted to ¥386,873 million, an increase of ¥83,327 million, due to higher purchases accompanying increased sales and a strategic build-up of component and raw material inventories to address increasingly constrained supply chain conditions.」
The company continued its strategic build-up of component and raw material inventories in response to increasing supply chain constraints, increasing inventories by ¥83,327 million from the end of the previous consolidated fiscal year. - FY2023-Q2AdvancedAnnual report
「Inventories amounted to ¥367,289 million, an increase of ¥63,743 million, due to higher inventories accompanying increased sales and a strategic build-up of component and raw material inventories to address increasingly constrained supply chain conditions.」
The company strategically built up component and raw material inventories in response to increasing supply chain constraints. Inventories increased by ¥63,743 million from the end of the previous consolidated fiscal year. - FY2023-Q1AdvancedAnnual report
「Inventories amounted to ¥338,871 million, an increase of ¥35,325 million, due to higher product inventories accompanying increased sales and a strategic build-up of component and raw material inventories to address increasingly constrained supply chain conditions.」
The company strategically built up component and raw material inventories in response to increasing supply chain constraints. Inventories increased by ¥35,325 million from the end of the previous consolidated fiscal year. - FY2022AdvancedAnnual report
「The main factors were increases of ¥55,542 million in cash and deposits, up 8.8%, due to earnings, ¥37,004 million in notes and accounts receivable, trade, up 21.2%, due to higher sales, and ¥54,793 million in inventories, up 22.0%, due to a strategic build-up of inventories, mainly raw materials, to meet strong demand.」
The company continued its strategic inventory build-up, mainly of raw materials, to address strong demand and supply constraints, increasing inventories by ¥54,793 million from the end of the previous period. It explicitly stated that it had no plans to change its inventory policy. - FY2022-Q3AdvancedAnnual report
「Inventories amounted to ¥280,234 million, an increase of ¥31,482 million, as the company strategically built up inventories, mainly of raw materials, to respond to strong demand.」
The company continued its strategic inventory build-up, mainly of raw materials, to meet strong demand, increasing inventories by ¥31,482 million from the end of the previous consolidated fiscal year. - FY2022-Q2Continued inventory growthAnnual report
「Change in inventories (△ indicates an increase) △ ¥5,842 million」
In cash flow terms, the increase in inventories resulted in a cash outflow of ¥5,842 million during the cumulative second quarter. Although it was not explicitly described as a strategic inventory build-up, inventories continued to increase. - FY2021AdvancedAnnual report
「With an extensive product range of approximately 700,000 items, the group meets all of its customers' needs. … Accordingly, in addition to maintaining rigorous product quality control, the group maintains strategically high inventory levels to establish a system capable of responding quickly to customer orders through short lead times and immediate delivery.」
The company continued its strategic inventory build-up, and inventories at the end of the period increased by ¥16,192 million from the end of the previous period. It explicitly identified its range of 700,000 items and high inventory levels as competitive advantages supporting short lead times and immediate delivery. - FY2021-Q3AdvancedAnnual report
「The main factors were a ¥9,105 million decrease in “other” current assets, including receivables arising from the redemption of securities (U.S. Treasuries), and a ¥48,594 million increase in cash and deposits. Inventories also increased by ¥12,451 million as a result of a strategic inventory build-up in preparation for logistics disruptions caused by COVID-19 and the anticipated recovery in demand, particularly for semiconductors.」
The company continued its strategic inventory build-up, increasing inventories by ¥12,451 million in preparation for logistics disruptions and the anticipated recovery in semiconductor-related demand. As in the previous quarter, the inventory increase was stated in specific monetary terms. - FY2021-Q2Continued inventory growthAnnual report
「The main factors were a ¥9,858 million decrease in “other” current assets, including receivables arising from the redemption of securities (U.S. Treasuries), while cash and deposits increased by ¥39,552 million and inventories increased by ¥9,699 million.」
Inventories at the end of the second quarter increased by ¥9,699 million from the end of the previous consolidated fiscal year. Inventory continued to increase, but the text for the quarter did not explicitly describe the increase as “strategic.” - FY2020AdvancedAnnual report
「The main factors were increases of ¥28,702 million in cash and deposits, up 5.5%, and ¥2,291 million in inventories, up 1.0%, due to a strategic inventory build-up, while notes and accounts receivable, trade, decreased by ¥14,942 million, down 9.5%, due to lower sales. …」
The company continued its strategic inventory build-up, increasing inventory by ¥2,291 million. It explained that maintaining higher inventory levels helped sustain product supplies during the spread of infectious disease. - FY2019First statedAnnual report
「The main factors were decreases of ¥4,558 million in notes and accounts receivable, trade, down 2.8%, due to lower sales, and ¥5,097 million in securities, down 13.7%, due to sales, while cash and deposits increased by ¥13,173 million, up 2.6%, and inventories increased by ¥24,608 million, up 12.0%, due to a strategic inventory build-up.」
The company explicitly identified the strategic build-up of inventory for the first time as a factor behind the change in its financial position for the current period.