Lower Operating Cash Flow Due to Higher Inventories and Corporate Tax Payments
First written in FY2018-Q2. 3 of 25 entries say "Advanced", first in FY2020. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 5 of 26 companies on the "Worse" side.
17 other companies' latest entry also says "Other".
- FY2026-H1Operating Cash Flow Remains Strong but Declines Year on YearAnnual report
「Cash flow from operating activities was an inflow of ¥4,566 million (prior-year period: ¥4,843 million inflow).」
Operating cash flow remained an inflow of ¥4,566 million, but declined from ¥4,843 million in the prior-year period. - FY2025Operating cash flow remained high but declined from the previous periodAnnual report
「Due to the increase in funds from the recognition of profit before income taxes, cash flow from operating activities was an inflow of ¥8,390 million (previous period: ¥9,609 million inflow).」
Operating cash flow remained an inflow of ¥8,390 million due to higher profit, but declined from ¥9,609 million in the previous period. - FY2025-H1AdvancedAnnual report
「Due to the recognition of profit before income taxes for the interim period and the increase in contract liabilities, including advances received, cash flow from operating activities was an inflow of ¥4,843 million (prior-year period: ¥3,738 million inflow).」
Operating cash flow increased from ¥3,738 million in the prior-year period to ¥4,843 million, due mainly to the increase in contract liabilities, including advances received. - FY2024AdvancedAnnual report
「Due to the increase in contract liabilities, including advances received, cash flow from operating activities was an inflow of ¥9,609 million (previous period: ¥7,885 million inflow).」
Operating cash flow increased by ¥1,724 million from the previous period to an inflow of ¥9,609 million, due mainly to the increase in contract liabilities and other factors. - FY2024-Q2Operating cash flow inflow declined but remained positiveAnnual report
「Due to the recognition of quarterly profit before income taxes, the decrease in trade receivables, and the increase in contract liabilities, working capital declined. Cash flow from operating activities was an inflow of ¥3,738 million (prior-year period: ¥4,768 million inflow).」
Working capital declined due to lower trade receivables and higher contract liabilities, but operating cash flow decreased from ¥4,768 million in the prior-year period to ¥3,738 million. - FY2023MitigatedAnnual report
「In addition to the recognition of a high level of profit before income taxes, working capital declined due to reduced inventories and increased trade payables. Funds generated from operating activities were ¥7,885 million (previous period: ¥3,454 million inflow).」
Operating cash flow improved substantially from ¥3,454 million in the previous period to ¥7,885 million, mainly due to the reduction in inventories. - FY2023-Q2MitigatedAnnual report
「In addition to recording profit before income taxes, cash flow from operating activities amounted to ¥4,768 million provided, owing to factors including decreases in working capital resulting from lower trade receivables and inventories and higher accounts payable (same period of the previous year: ¥728 million used).」
Operating cash flow improved from a deficit to a substantial inflow due to lower working capital resulting from reduced inventories and higher trade payables. - FY2022WorsenedAnnual report
「Although funds declined due to the increase in working capital resulting from lower trade payables and payments of corporate taxes and other taxes, the increase in funds from the recognition of profit before income taxes exceeded the decrease. Funds generated from operating activities were ¥3,454 million (previous period: ¥5,580 million inflow).」
Operating cash flow declined from ¥5,580 million in the previous period to ¥3,454 million. Working capital pressures, including higher inventories and lower trade payables, continued. - FY2022-Q3Inventories continued to increase; quarterly cash flow statement not preparedAnnual report
「Work in process 7,690 8,459 Raw materials and supplies 7,749 9,615 A quarterly consolidated cash flow statement was not prepared for the nine-month cumulative period of the third quarter.」
Work in process and raw materials and supplies increased from the end of the previous fiscal year. A cash flow statement was not prepared for the third quarter, and the impact of higher inventories on operating cash flow was not presented in this filing. - FY2022-Q2Higher inventories and negative operating cash flowAnnual report
「Although profit before income taxes was recorded, cash used in operating activities amounted to ¥728 million due to increases in working capital resulting from higher inventories and lower accounts payable, as well as income tax payments (same period of the previous year: ¥3,938 million provided).」
Operating cash flow shifted from an inflow of ¥3,938 million in the previous period to an outflow of ¥728 million in the current period. Higher inventories and corporate tax payments were identified as factors reducing funds. - FY2022-Q1Increase in inventories and no quarterly cash flow statement preparedAnnual report
「Work in process 7,690 8,355 Raw materials and supplies 7,749 8,663 A quarterly consolidated cash flow statement was not prepared for the first-quarter cumulative period.」
While work in process and raw materials and supplies increased from the end of the previous fiscal year, a cash flow statement was not prepared for the first quarter. - FY2021Operating cash flow declined amid higher inventoriesAnnual report
「As a result of increases in cash from recording profit before income taxes and increases in working capital due to higher inventories, cash provided by operating activities was ¥5,580 million (previous fiscal year: ¥8,690 million provided).」
Due to higher working capital resulting from increased inventories, operating cash flow declined by ¥3,110 million year on year. - FY2021-Q3Increase in inventories and no quarterly cash flow statement preparedAnnual report
「Merchandise and finished goods 1,772 2,111 Work in process 5,874 7,139 Raw materials and supplies 6,176 8,158」
Although each inventory category increased from the end of the previous consolidated fiscal year, a quarterly consolidated cash flow statement was not prepared for the nine-month cumulative period of the third quarter. - FY2021-Q2Operating cash flow declined amid higher inventoriesAnnual report
「Due to the increase in funds from the recognition of quarterly profit before income taxes and the increase in working capital resulting from higher inventories, funds generated from operating activities were ¥3,938 million (prior-year period: ¥4,623 million inflow).」
Due to higher working capital resulting from increased inventories, operating cash flow declined from ¥4,623 million in the prior-year period to ¥3,938 million. - FY2021-Q1Increase in inventories and no quarterly cash flow statement preparedAnnual report
「Merchandise and finished goods 1,772 2,187 Work in process 5,874 6,081 Raw materials and supplies 6,176 6,261」
All balances of merchandise and finished goods, work in process, and raw materials and supplies increased compared with the end of the previous consolidated fiscal year. A cash flow statement was not prepared for the first-quarter cumulative period. - FY2020AdvancedAnnual report
「Due to the increase in advances received and the recognition of profit before income taxes, funds generated from operating activities were ¥8,690 million (previous period: ¥2,049 million inflow).」
Operating cash flow improved substantially from ¥2,049 million in the previous period to ¥8,690 million. The increase in advances received and profit recognition were identified as factors increasing funds. - FY2020-Q2Operating cash flow improved substantiallyAnnual report
「Due to the decrease in working capital, the increase in advances received, and the recognition of quarterly profit before income taxes, funds generated from operating activities were ¥4,623 million (prior-year period: ¥61 million inflow).」
Operating cash flow improved substantially from ¥61 million in the previous period to ¥4,623 million. The decrease in working capital and increase in advances received were identified as factors increasing funds. - FY2020-Q1Inventory composition changed; cash flow statement not preparedAnnual report
「Merchandise and finished goods 2,146 2,377 Work in process 7,366 7,032 Raw materials and supplies 5,510 5,760」
While merchandise and finished goods and raw materials and supplies increased from the end of the previous fiscal year, work in process declined. A cash flow statement was not prepared for the first quarter. - FY2019Higher work in process and improved operating cash flowAnnual report
「Although funds declined due to higher working capital and payments of corporate taxes and other taxes, the increase in funds from the recognition of profit before income taxes exceeded the decrease. Funds generated from operating activities were ¥2,049 million (previous period: ¥724 million outflow).」
Operating cash flow improved from an outflow of ¥724 million in the previous period to an inflow of ¥2,049 million, while work in process increased from ¥6,513 million to ¥7,366 million, leaving inventory growth as an issue. - FY2019-Q3Work in process and raw materials continued to increaseAnnual report
「Merchandise and finished goods 2,563 2,428 Work in process 6,513 7,121 Raw materials and supplies 5,530 5,823」
Work in process increased from ¥6,513 million to ¥7,121 million and raw materials and supplies from ¥5,530 million to ¥5,823 million compared with the end of the previous fiscal year. A cash flow statement was not prepared for the third quarter. - FY2019-Q2Operating cash flow remained low due to higher working capitalAnnual report
「Although funds declined due to higher working capital and payments of corporate taxes and other taxes, the increase in funds from the recognition of quarterly profit before income taxes exceeded the decrease. Funds generated from operating activities were ¥61 million (prior-year period: ¥175 million inflow).」
Due to higher working capital and corporate tax payments, operating cash flow declined from ¥175 million in the prior-year period to ¥61 million. - FY2019-Q1Work in process and raw materials inventories remained elevatedAnnual report
「Merchandise and finished goods 2,563 2,244 Work in process 6,513 6,996 Raw materials and supplies 5,530 5,639」
While merchandise and finished goods declined, work in process and raw materials and supplies increased from the end of the previous fiscal year, leaving total inventories above the prior year-end level. A cash flow statement was not prepared for the first quarter. - FY2018Negative operating cash flow and higher inventoriesAnnual report
「Although profit before income taxes of ¥6,465 million was recorded, the substantial increase in payments for inventories and corporate taxes and other taxes resulted in funds used in operating activities of ¥724 million (previous period: ¥5,408 million inflow).」
The increase in inventories observed from the second quarter onward affected full-year operating cash flow, which shifted from an inflow in the previous period to an outflow of ¥724 million. - FY2018-Q3Inventory balances increased further; cash flow statement not preparedAnnual report
「Merchandise and finished goods 2,120 2,400 Work in process 4,898 6,908 Raw materials and supplies 4,093 5,361」
Balances of merchandise and finished goods, work in process, and raw materials and supplies increased from the end of the previous fiscal year. Meanwhile, a cash flow statement was not prepared for the nine-month period of the third quarter. - FY2018-Q2First statedAnnual report
「Although funds declined substantially due to a significant increase in inventories and payments of corporate taxes and other taxes, the increase in funds from a decline in trade receivables and the recognition of profit before income taxes slightly exceeded the decrease. Funds generated from operating activities were ¥175 million (prior-year period: ¥2,609 million inflow).」
Due to a significant increase in inventories and corporate tax payments, cash flow from operating activities declined substantially from ¥2,609 million in the prior-year period to ¥175 million.