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Rorze (6323) · FactShift to Higher Inventories

Operating Cash Flow Outflow Due to Increase in Inventories

First written in FY2019-Q2. 4 of 24 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2027-H1.

24entries
9years
3from disclosures
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ProgressHeldSoftenedWorseAdvancedFY2019-Q3 – FY2020OtherFY2021-Q2 – FY2024-Q32018: 12019: 320192020: 220202021: 320212022: 320222023: 420232024: 220242025: 120252026: 52026
Same theme, other companies
Changes in Operating Cash Flow Involving Inventory EfficiencyA theme 5 companies write about · 1 as a headwind · 2 as a tailwind

1 other company's latest entry also says "Other".

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Full recordFilings, disclosures and news, newest first
  1. FY2027-H1Shift to Higher InventoriesAnnual report

    「Operating activities provided funds of ¥8,730 million, compared with ¥12,868 million in the same period of the previous year. This was mainly due to cash inflows including interim net income before income taxes and other adjustments of ¥22,374 million and a ¥3,650 million increase in accounts payable, offset by cash outflows including a ¥4,096 million increase in inventories, ¥9,587 million in litigation settlement payments and ¥4,973 million in income taxes paid.」

    The cash inflow from a ¥2,073 million decrease in inventories in FY2026-H1 reversed, and the ¥4,096 million increase in inventories in the interim consolidated accounting period became a cash outflow factor in operating cash flow.
  3. FY2026Accelerating inventory reductionAnnual report

    「The main cash outflow was income taxes paid of ¥10,273 million, while the main source of cash was a ¥4,117 million decrease in inventories.」

    Inventories decreased by ¥4,117 million, becoming a factor increasing cash flow from operating activities. The cash benefit from the inventory reduction continued from the previous period.
  4. 2026-04-09MitigatedEarnings

    「The main components of cash inflows were profit before income taxes of ¥25,009 million, a ¥7,429 million increase in provision for litigation losses and a ¥4,117 million decrease in inventories,」

    The ¥4,117 million decrease in inventories contributed to an increase in cash from operating activities.
  5. FY2026-H1Continued inventory decline, with diminishing benefitsAnnual report

    「Cash provided by operating activities amounted to ¥12,868 million, compared with ¥20,108 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥14,581 million and a ¥2,073 million decrease in inventories, both of which increased cash, partly offset by income taxes paid of ¥5,831 million and other factors reducing cash.」

    Inventories decreased by ¥2,073 million, continuing to be a factor increasing cash flow from operating activities. However, cash provided by operating activities decreased from ¥20,108 million in the same period of the previous year to ¥12,868 million.
  6. FY2025-H1MitigatedAnnual report

    「Cash provided by operating activities amounted to ¥20,108 million, compared with ¥3,196 million in the same period of the previous year. This was mainly due to profit before income taxes of ¥20,559 million and a ¥6,969 million decrease in inventories, both of which increased cash, partly offset by income taxes paid of ¥4,599 million and other factors reducing cash.」

    Inventories shifted from being a factor reducing cash due to an increase in the same period of the previous year to being a factor increasing cash through a ¥6,969 million decrease in the current interim consolidated period, and cash flow from operating activities improved from ¥3,196 million to ¥20,108 million.
  7. FY2024-Q3Continued increase in inventoriesAnnual report

    「As of the end of the third quarter of the current fiscal year, consolidated assets had increased by ¥27,112 million from the end of the previous consolidated fiscal year to ¥153,595 million. This was mainly due to increases of ¥14,014 million in inventories and ¥8,439 million in cash and deposits.」

    Inventories increased by ¥14,014 million from the end of the previous consolidated fiscal year, remaining the main driver of asset growth following FY2024-Q2.
  8. FY2024-Q2Continued increase in inventoriesAnnual report

    「As of the end of the second quarter of the current fiscal year, consolidated assets had increased by ¥22,324 million from the end of the previous consolidated fiscal year to ¥148,807 million. This was mainly due to increases of ¥12,176 million in inventories, ¥5,259 million in cash and deposits, and ¥4,690 million in goodwill.」

    Inventories increased by ¥12,176 million from the end of the previous consolidated fiscal year. In cash flow from operating activities, the ¥6,902 million increase in inventories was also a factor reducing cash.
  9. FY2024-Q1Continued increase in inventoriesAnnual report

    「As of the end of the first quarter of the current fiscal year, consolidated assets had increased by ¥13,909 million from the end of the previous consolidated fiscal year to ¥140,392 million. This was mainly due to increases of ¥9,256 million in inventories and ¥4,963 million in cash and deposits.」

    Inventories increased by ¥9,256 million from the end of the previous consolidated fiscal year, and the impact of higher inventories continued into the first quarter.
  10. FY2023Accelerating inventory growthAnnual report

    「Cash used in operating activities amounted to ¥1,920 million, compared with cash provided of ¥3,016 million in the previous period. The main source of cash was profit before income taxes of ¥30,352 million, while the main uses of cash were increases of ¥16,801 million in inventories and ¥8,601 million in trade receivables, and income taxes paid of ¥6,991 million.」

    The increase in inventories was ¥16,801 million, up from ¥10,479 million in the previous period, and became a factor reducing cash flow from operating activities.
  11. FY2023-Q3Accelerating inventory growthAnnual report

    「As of the end of the third quarter of the current fiscal year, consolidated assets had increased by ¥38,402 million from the end of the previous consolidated fiscal year to ¥126,693 million. This was mainly due to increases of ¥18,712 million in inventories, ¥6,377 million in cash and deposits, and ¥6,303 million in notes and accounts receivable.」

    Inventories increased by ¥18,712 million from the end of the previous consolidated fiscal year, an increase from ¥11,914 million in FY2023-Q2.
  12. FY2023-Q2Accelerating inventory growthAnnual report

    「As of the end of the second quarter of the current fiscal year, consolidated assets had increased by ¥22,787 million from the end of the previous consolidated fiscal year to ¥111,078 million. This was mainly due to increases of ¥11,914 million in inventories and ¥3,907 million in notes and accounts receivable.」

    Inventories increased by ¥11,914 million from the end of the previous consolidated fiscal year. In cash flow from operating activities, the ¥7,377 million increase in inventories was also a factor reducing cash.
  13. FY2023-Q1Continued increase in inventoriesAnnual report

    「As of the end of the first quarter of the current fiscal year, consolidated assets had increased by ¥12,197 million from the end of the previous consolidated fiscal year to ¥100,488 million. This was mainly due to increases of ¥5,473 million in inventories, ¥2,781 million in notes and accounts receivable, and ¥1,306 million in cash and deposits.」

    Inventories increased by ¥5,473 million from the end of the previous consolidated fiscal year, and the impact of higher inventories continued into the first quarter.
  14. FY2022-Q3Accelerating inventory growthAnnual report

    「As of the end of the third quarter of the current fiscal year, consolidated assets had increased by ¥21,615 million from the end of the previous consolidated fiscal year to ¥81,147 million. This was mainly due to increases of ¥7,424 million in inventories, ¥6,843 million in cash and deposits, and ¥5,128 million in notes and accounts receivable.」

    Inventories increased by ¥7,424 million from the end of the previous consolidated fiscal year, and the upward trend in inventories continued.
  15. FY2022-Q2Continued increase in inventoriesAnnual report

    「The main cash outflows were attributable to increases of ¥3,480 million in trade receivables and ¥2,915 million in inventories.」

    The ¥2,915 million increase in inventories was a cash outflow factor in cash flow from operating activities, and the impact of higher inventories continued.
  16. FY2021Continued increase in inventoriesAnnual report

    「Change in inventories (△ indicates an increase) 2,076,733 △ 4,359」

    Inventories decreased by ¥2,076 million in the previous period, but increased by ¥4 million in the current period, so the impact of higher inventories continued for the full year.
  17. FY2021-Q3Continued increase in inventoriesAnnual report

    「Assets at the end of the third quarter consolidated accounting period increased by ¥4,084 million from the end of the previous consolidated fiscal year to ¥58,861 million. This was mainly due to increases of ¥1,442 million in cash and deposits, ¥849 million in inventories and ¥461 million in investment securities.」

    Inventories increased by ¥849 million from the end of the previous consolidated fiscal year, and the upward trend continued.
  18. FY2021-Q2Shift to Higher InventoriesAnnual report

    「Change in inventories (△ indicates an increase) 565,130 △ 644,024」

    Inventories decreased by ¥565 million in the same period of the previous year, whereas during the cumulative second quarter of the current period, this turned to an increase of ¥644 million. Cash flows from operating activities were an inflow of ¥3,796 million.
  19. FY2020MitigatedAnnual report

    「Change in inventories (△ indicates an increase) △6,968,138 2,076,733 Cash flows from operating activities △1,494,259 6,659,411」

    In the previous period, the ¥6,968 million increase in inventories was a factor in the operating cash flow outflow, whereas in the current period, the change in inventories was positive at ¥2,076 million and operating cash flow improved to an inflow of ¥6,659 million.
  20. FY2020-Q2MitigatedAnnual report

    「Change in inventories (△ indicates an increase) △3,181,173 565,130 Cash flows from operating activities △1,676,552 3,076,123」

    In the same period of the previous year, the ¥3,181 million increase in inventories was a factor in the operating cash flow outflow, whereas during the cumulative second quarter of the current period, the change in inventories was positive at ¥565 million and cash flows from operating activities improved to an inflow of ¥3,076 million.
  21. FY2019AdvancedAnnual report

    「Cash used in operating activities was ¥1,494 million (an outflow of ¥27 million in the previous fiscal year). The main use of cash was the ¥6,968 million increase in inventories.」

    The increase in inventories amounted to ¥6,968 million, expanding the operating cash flow outflow to ¥1,494 million.
  22. FY2019-Q3AdvancedAnnual report

    「Assets at the end of the third quarter consolidated accounting period increased by ¥12,143 million from the end of the previous consolidated fiscal year to ¥46,045 million. This was mainly due to increases of ¥2,716 million in cash and deposits and ¥5,385 million in inventories.」

    Inventories increased by ¥5,385 million from the end of the previous consolidated fiscal year, with the increase in inventories continuing and becoming a larger driver of asset growth.
  23. FY2019-Q2First statedAnnual report

    「Cash used in operating activities was ¥1,676 million (an outflow of ¥1,705 million in the same period of the previous year). The main source of cash was profit before income taxes of ¥2,762 million, while the main use of cash was the ¥3,181 million increase in inventories.」

    Operating cash flow was an outflow of ¥1,676 million, with the disclosed main use of cash being the ¥3,181 million increase in inventories.
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Operating Cash Flow Outflow Due to Increase in Inventories | RORZE CORPORATION (6323) | Komori