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Kitagawa Seiki (6327) · FactIncrease in operating cash flow and inventories

Operating cash flow used due to increases in trade receivables and inventories

First written in FY2019-Q2. 1 of 22 entries say "Restated". Latest entry: FY2026.

22entries
8years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2020-Q2 – FY20262019: 320192020: 220202021: 320212022: 420222023: 420232024: 220242025: 120252026: 32026
Same theme, other companies
Deterioration in Operating Cash Flow Due to Higher Working CapitalA theme 157 companies write about · 157 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2022: 38 of 140 companies on the "Worse" side.

70 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 157 companies compared. The sentences above are computed from all 157.
Full recordFilings, disclosures and news, newest first
  1. FY2026Increase in operating cash flow and inventoriesAnnual report

    「Cash generated from operating activities was ¥759 million, compared with ¥323 million generated in the previous fiscal year. The main sources of cash were profit before income taxes and other adjustments of ¥1,031 million, an increase in contract liabilities of ¥869 million, and a decrease in trade receivables of ¥674 million. The main uses of cash were an increase in inventories of ¥1,224 million, income taxes paid of ¥290 million, and an increase in advances paid of ¥279 million.」

    Operating cash flow increased from ¥323 million in the previous fiscal year to ¥759 million. Inventories increased by ¥1,224 million, contributing to cash outflows for working capital.
  2. 2026-08-18OtherRevision of earnings forecasts

    「The principal sources of cash were profit before income taxes of ¥1,031 million, an increase in contract liabilities of ¥869 million and a decrease in trade receivables of ¥674 million. The principal uses of cash were an increase in inventories of ¥1,224 million, income taxes paid of ¥290 million, an increase in advances paid of ¥279 million and an increase in accrued consumption taxes and other items of ¥117 million.」

    The decrease in trade receivables was a source of cash, while increases in inventories and other items were uses of cash.
  3. FY2026-H1Decrease in cash generated from operating activities and increase in inventoriesAnnual report

    「Cash generated from operating activities was ¥222 million, compared with ¥321 million generated in the same period of the previous year. The main sources of cash were interim profit before income taxes and other adjustments of ¥560 million, a decrease in trade receivables of ¥362 million, and an increase in accounts payable of ¥213 million. The main uses of cash were an increase in inventories of ¥439 million, income taxes paid of ¥171 million, an increase in advances paid of ¥143 million, and a decrease in contract liabilities of ¥141 million.」

    Cash generated from operating activities decreased from ¥321 million in the same period of the previous year to ¥222 million. Although the decrease in trade receivables contributed to cash inflows, the ¥439 million increase in inventories and other items contributed to cash outflows.
  4. FY2025-H1Increase in trade receivables and decrease in cash generated from operating activitiesAnnual report

    「Cash generated from operating activities was ¥321 million, compared with ¥363 million generated in the same period of the previous year. The main sources of cash were interim profit before income taxes and other adjustments of ¥416 million, an increase in accounts payable of ¥293 million, and an increase in contract liabilities of ¥130 million. The main use of cash was an increase in trade receivables of ¥367 million.」

    Cash generated from operating activities decreased from ¥363 million in the same period of the previous year to ¥321 million, while trade receivables increased by ¥367 million.
  5. FY2024-Q3Decrease in trade receivables and work in processAnnual report

    「The main increase was ¥834 million in cash and deposits. The main decreases were ¥288 million in notes and accounts receivable and contract assets, ¥666 million in electronically recorded monetary claims, and ¥382 million in work in process.」

    At the end of the third quarter, cash and deposits had increased by ¥834 million, while notes and accounts receivable and contract assets, electronically recorded monetary claims, and work in process had decreased.
  6. FY2024-Q2Operating cash flow changed from use to generationAnnual report

    「Cash generated from operating activities was ¥363 million, compared with ¥300 million used in the same quarter of the previous year. The main sources of cash were quarterly profit before income taxes and other adjustments of ¥446 million, a decrease in trade receivables of ¥584 million, and a decrease in inventories of ¥617 million. The main uses of cash were decreases of ¥232 million in accounts payable, ¥885 million in contract liabilities, and ¥221 million in other accounts payable.」

    Operating cash flow changed from ¥300 million used in the same period of the previous year to ¥363 million generated. Decreases of ¥584 million in trade receivables and ¥617 million in inventories contributed to cash inflows.
  7. FY2024-Q1Decrease in trade receivables and work in processAnnual report

    「This was mainly due to decreases of ¥182 million in notes and accounts receivable and contract assets, ¥474 million in electronically recorded monetary claims, and ¥240 million in work in process.」

    At the end of the first quarter, notes and accounts receivable and contract assets, electronically recorded monetary claims, and work in process had decreased from the end of the previous consolidated fiscal year.
  8. FY2023Decrease in cash generated from operating activitiesAnnual report

    「Cash generated from operating activities was ¥186 million, compared with ¥1,399 million generated in the previous fiscal year. The main sources of cash were profit before income taxes and other adjustments of ¥804 million, a decrease in inventories of ¥247 million, and an increase in other accounts payable of ¥173 million. The main uses of cash were decreases of ¥535 million in accounts payable and ¥182 million in contract liabilities, and an increase of ¥406 million in trade receivables.」

    Operating cash flow generated decreased from ¥1,399 million in the previous fiscal year to ¥186 million. Decreases in accounts payable and contract liabilities and an increase in trade receivables contributed to cash outflows.
  9. FY2023-Q3Increases in trade receivables and work in processAnnual report

    「This was mainly due to increases of ¥597 million in notes and accounts receivable and contract assets and ¥790 million in work in process.」

    The main factors behind the increase in total assets at the end of the third quarter were increases of ¥597 million in notes and accounts receivable and contract assets and ¥790 million in work in process.
  10. FY2023-Q2Increase in cash used in operating activitiesAnnual report

    「Cash used in operating activities was ¥300 million, compared with ¥284 million used in the same quarter of the previous year. The main sources of cash were quarterly profit before income taxes and other adjustments of ¥182 million and an increase in contract liabilities of ¥550 million. The main use of cash was an increase in inventories of ¥965 million.」

    Cash used in operating activities increased from ¥284 million in the same period of the previous year to ¥300 million. The ¥965 million increase in inventories was the main factor behind the use of cash.
  11. FY2023-Q1Increases in trade receivables and work in processAnnual report

    「This was mainly due to increases of ¥209 million in notes and accounts receivable and contract assets and ¥115 million in work in process.」

    Total assets at the end of the first quarter increased by ¥467 million from the end of the previous consolidated fiscal year, mainly due to increases in trade receivables and contract assets and in work in process.
  12. FY2022Operating cash flow increased sharplyAnnual report

    「Cash generated from operating activities was ¥1,399 million, compared with ¥221 million generated in the previous fiscal year. The main sources of cash were profit before income taxes and other adjustments of ¥674 million, an increase in accounts payable of ¥907 million, and an increase in contract liabilities, including advances received, of ¥1,458 million. The main uses of cash were increases of ¥529 million in trade receivables and ¥1,116 million in inventories.」

    Operating cash flow increased from ¥221 million in the previous fiscal year to ¥1,399 million. Although trade receivables and inventories increased, increases in accounts payable and contract liabilities contributed to cash inflows.
  13. FY2022-Q3Increases in trade receivables and work in processAnnual report

    「This was mainly due to increases of ¥340 million in cash and deposits, ¥954 million in notes and accounts receivable and contract assets, ¥956 million in work in process, and ¥207 million in buildings and structures, net.」

    The increase in assets at the end of the third quarter included increases of ¥954 million in notes and accounts receivable and contract assets and ¥956 million in work in process.
  14. FY2022-Q2Increase in cash used in operating activitiesAnnual report

    「Cash used in operating activities was ¥284 million, compared with ¥131 million used in the same quarter of the previous year. The main sources of cash were quarterly profit before income taxes and other adjustments of ¥174 million, an increase in accounts payable of ¥611 million, and an increase in contract liabilities, including advances received, of ¥909 million. The main uses of cash were increases of ¥1,082 million in trade receivables and ¥721 million in inventories.」

    Cash used in operating activities increased from ¥131 million in the same period of the previous year to ¥284 million, with increases in trade receivables and inventories the main factors behind the use of cash.
  15. FY2021Decrease in cash generated from operating activitiesAnnual report

    「Cash generated from operating activities was ¥221 million, compared with ¥728 million generated in the previous fiscal year. The main sources of cash were profit before income taxes and other adjustments of ¥546 million, a decrease in trade receivables of ¥672 million, and a decrease in inventories of ¥587 million. The main uses of cash were decreases of ¥780 million in accounts payable and ¥874 million in advances received.」

    Operating cash flow was ¥221 million generated, but the amount generated decreased from ¥728 million in the previous fiscal year. Decreases in trade receivables and inventories contributed to cash inflows, while decreases in accounts payable and advances received contributed to cash outflows.
  16. FY2021-Q3Decrease in trade receivables and work in processAnnual report

    「This was mainly due to decreases of ¥576 million in cash and deposits, ¥513 million in notes and accounts receivable, and ¥774 million in work in process.」

    At the end of the third quarter, notes and accounts receivable and work in process had decreased from the end of the previous consolidated fiscal year. The company did not prepare a quarterly consolidated cash flow statement for the cumulative third-quarter period.
  17. FY2021-Q2Operating cash flow changed from generation to useAnnual report

    「Cash used in operating activities was ¥131 million, compared with ¥622 million generated in the same quarter of the previous year. The main sources of cash were quarterly profit before income taxes and other adjustments of ¥362 million, a decrease in trade receivables of ¥658 million, and a decrease in inventories of ¥739 million. The main uses of cash were decreases of ¥930 million in accounts payable and ¥1,097 million in advances received.」

    Operating cash flow changed from ¥622 million generated in the same period of the previous year to ¥131 million used. Decreases in trade receivables and inventories contributed to cash inflows, while decreases in accounts payable and advances received contributed to cash outflows.
  18. FY2021-Q1Decrease in trade receivables and increase in work in processAnnual report

    「The main increase was ¥306 million in work in process. The main decreases were ¥190 million in cash and deposits and ¥948 million in notes and accounts receivable.」

    At the end of the first quarter, trade receivables had decreased by ¥948 million and work in process had increased by ¥306 million. The company did not prepare a quarterly consolidated cash flow statement for the cumulative first-quarter period.
  19. FY2020-Q2Operating cash flow changed from use to generationAnnual report

    「Cash generated from operating activities was ¥622 million, compared with ¥408 million used in the same quarter of the previous year. The main sources of cash were quarterly profit before income taxes and other adjustments of ¥63 million, an impairment loss of ¥136 million, a decrease in trade receivables of ¥399 million, an increase in accounts payable of ¥248 million, and an increase in advances received of ¥598 million. The main uses of cash were an increase in inventories of ¥627 million and income taxes paid of ¥91 million.」

    Operating cash flow changed from ¥408 million used in the same period of the previous year to ¥622 million generated. A decrease in trade receivables and an increase in advances received contributed to cash inflows, while inventories increased by ¥627 million.
  20. FY2019WorsenedAnnual report

    「Cash used in operating activities was ¥348 million, compared with ¥1,590 million generated in the previous fiscal year. The main sources of cash were profit before income taxes and other adjustments of ¥299 million, an impairment loss of ¥247 million, and an increase in advances received of ¥215 million. The main uses of cash were increases of ¥769 million in trade receivables and ¥182 million in inventories, and income taxes paid of ¥141 million.」

    Operating cash flow was a use of ¥348 million due mainly to increases in trade receivables and inventories, deteriorating from ¥1,590 million generated in the previous fiscal year.
  21. FY2019-Q3RestatedAnnual report

    「This was mainly due to increases of ¥305 million in notes and accounts receivable, ¥144 million in merchandise and finished goods, and ¥453 million in work in process, and a decrease of ¥396 million in cash and deposits.」

    It states that, at the end of the third quarter, trade receivables, merchandise and finished goods, and work in process had increased, while cash and deposits had decreased. The company did not prepare a cash flow statement for the cumulative third-quarter period.
  22. FY2019-Q2First statedAnnual report

    「Cash used in operating activities was ¥408 million, compared with ¥408 million generated in the same quarter of the previous year. The main sources of cash were quarterly profit before income taxes and other adjustments of ¥236 million and an increase in accounts payable of ¥263 million. The main uses of cash were increases of ¥295 million in trade receivables and ¥415 million in inventories, a ¥100 million decrease in other accounts payable, and income taxes paid of ¥84 million.」

    Operating cash flow for the cumulative second-quarter period was a use of ¥408 million, with increases of ¥295 million in trade receivables and ¥415 million in inventories, among other items, cited as the main factors behind the use of cash.
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Kitagawa Seiki's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-08-18: "Other".
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Operating cash flow used due to increases in trade receivables and inventories | KITAGAWA SEIKI CO.,LTD. (6327) | Komori