Deterioration in Cash Flow from Operating Activities Due to Increases in Trade Receivables and Inventories

「Cash flows from operating activities resulted in cash inflows of ¥4,120 million (¥10,372 million in the same period of the previous year). This was mainly attributable to income before income taxes of ¥7,005 million, depreciation and amortization of ¥3,122 million, and an ¥1,888 million increase in trade payables, partly offset by increases in trade receivables of ¥3,070 million and inventories of ¥2,882 million, as well as cash outflows of ¥3,080 million for income taxes paid.」

「営業活動によるキャッシュ・フローは、41億20百万円の収入（前年同期は103億72百万円の収入）となりました。これは主に、税金等調整前当期純利益70億５百万円、減価償却費31億22百万円の計上及び、仕入債務の増加が18億88百万円（前年同期は13億円の減少）あった一方で、売上債権の増加が30億70百万円（前年同期は28億44百万円の減少）、棚卸資産の増加が28億82百万円（前年同期は21百万円の減少）、法人税等の支払による支出が30億80百万円（前年同期は36億46百万円の支出）あったことによるものです。」

「Cash flows from operating activities for the current interim consolidated accounting period resulted in a cash inflow of ¥2,130 million (¥6,617 million in the same period of the previous year). This was mainly attributable to interim income before income taxes of ¥2,478 million (¥5,209 million), and an ¥842 million increase in trade payables (a decrease of ¥199 million), despite recording income taxes paid of ¥1,342 million (¥1,984 million) and an increase in inventories of ¥1,430 million (¥689 million).」

「Cash flows from operating activities resulted in a cash inflow of ¥10,372 million (¥9,665 million in the same period of the previous year). This was attributable, among other factors, to a cash inflow of ¥2,844 million from a decrease in trade receivables.」

「Cash flows from operating activities for the current interim consolidated accounting period resulted in a cash inflow of ¥6,617 million (¥5,146 million in the same period of the previous year). This was mainly attributable to income before income taxes of ¥5,209 million (¥2,762 million), and a decrease in trade receivables of ¥2,773 million (¥2,238 million), despite recording income taxes paid of ¥1,972 million (¥744 million).」

「Cash flow from operating activities during the cumulative second quarter was a cash inflow of ¥5,146 million, compared with a cash outflow of ¥1,651 million in the same period of the previous year. This was due mainly to profit before income taxes of ¥2,762 million, compared with ¥6,479 million in the same period of the previous year, a ¥2,238 million decrease in trade receivables, compared with a ¥2,855 million increase in the same period of the previous year, depreciation of ¥1,239 million, compared with ¥1,197 million, and other factors.」

「Cash flow from operating activities during the cumulative second quarter was a cash outflow of ¥1,651 million, compared with a cash inflow of ¥4,154 million in the same period of the previous year. The primary reason was a ¥4,402 million decrease in trade payables due to changes in payment terms, specifically shorter payment periods, compared with a ¥2,057 million increase in the same period of the previous year. In addition, increases in trade receivables and payments of income taxes and other taxes reduced cash by ¥2,855 million and ¥2,506 million, respectively.」

「Cash flow from operating activities was ¥6,403 million, compared with ¥5,311 million in the previous fiscal year. This was mainly because, although the increase in inventories reduced cash by ¥8,494 million, profit before income taxes was ¥11,695 million, compared with ¥3,814 million in the previous fiscal year, and the increase in trade payables increased cash by ¥1,417 million.」

「Cash generated from operating activities during the cumulative second quarter was ¥4,154 million, compared with ¥1,770 million in the same period of the previous year. This was mainly because, although the increase in inventories reduced cash by ¥4,082 million, profit before income taxes for the quarter was ¥5.7 billion, compared with ¥1,236 million in the same period of the previous year, and the increase in trade payables increased cash by ¥2,057 million, compared with a ¥48 million cash reduction in the same period of the previous year.」

「Although the increase in inventories resulting from a substantial increase in orders reduced cash by ¥2,190 million, cash generated from operating activities was ¥5,311 million, compared with ¥6,352 million in the same period of the previous year, due to a ¥3,078 million increase in cash from higher trade payables, depreciation of ¥1,601 million, and other factors.」

「Cash generated from operating activities during the cumulative second quarter was ¥1,770 million, compared with ¥2,222 million in the same period of the previous year. This was mainly because, although the increase in trade receivables reduced cash by ¥544 million, profit before income taxes for the quarter was ¥1,236 million, compared with a loss of ¥283 million in the same period of the previous year.」

「During the cumulative third quarter, orders and sales declined substantially due to the market downturn in the semiconductor industry and other factors, but improved turnover periods for trade receivables led to earlier collection of accounts receivable and more efficient financing.」

「Cash generated from operating activities during the cumulative second quarter was ¥2,222 million, compared with ¥2,286 million used in the same period of the previous year. This was mainly because, although a decrease in trade payables reduced cash by ¥188 million, a decrease in trade receivables, reflecting an improved collection period, increased cash by ¥1,569 million.」

「During the first quarter, orders declined and sales also fell substantially due to the market downturn in the semiconductor industry and other factors, resulting in an increase in inventories and a decrease in trade receivables.」

「Cash flow from operating activities decreased by ¥2.6 billion during the fiscal year, compared with an increase of ¥2,923 million in the previous fiscal year.」

「As a result, cash flow from operating activities during the cumulative second quarter decreased by ¥2,286 million, compared with an increase of ¥1,473 million in the same period of the previous year.」

「Operating activities generated ¥2,923 million in cash during the fiscal year, compared with ¥2,054 million in the previous fiscal year, as the Company actively pursued a market-in sales strategy in overseas customer markets and orders and sales to overseas markets, particularly in Asia including China and Taiwan, expanded. This was mainly because, although the increase in inventories resulting from efforts to establish highly efficient overseas production systems and strengthen optimal-location production and direct-shipment systems in preparation for increased production in response to order conditions reduced cash by ¥2,107 million, profit before income taxes was ¥3.6 billion.」

「Cash generated from operating activities during the cumulative second quarter was ¥1,473 million, compared with ¥528 million used in the same period of the previous year. This was mainly because, although increases in trade receivables and inventories reduced cash by ¥807 million and ¥1,282 million, respectively, increases in trade payables increased cash by ¥1,085 million and profit before income taxes for the quarter was ¥2,463 million.」

「Cash used in operating activities during the cumulative second quarter was ¥528 million, compared with cash generated of ¥1,415 million in the same period of the previous year. This was mainly because, although the increase in cash resulting from higher trade payables was ¥1,236 million, profit before income taxes for the quarter was ¥2,044 million and depreciation was ¥610 million, the increase in trade receivables resulted in a cash decrease of ¥3,703 million and the increase in inventories resulted in a cash decrease of ¥511 million.」