Decrease in cash flow from operating activities due to an increase in inventories
First written in FY2020-Q2. 3 of 12 entries say "Worsened", first in FY2022. Latest entry: 2026-05-12.
Tsurumi Manufacturing moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 41 of 154 companies on the "Worse" side.
38 other companies' latest entry also says "Worsened".
- 2026-05-12WorsenedRevisions to earnings forecasts
「棚卸資産の増減額（△は増加） △1,575 △2,157」
棚卸資産の増加による営業キャッシュ・フローの支出要因が前期から拡大した。 - FY2025-H1Inventories changed from a source of cash to a use of cashAnnual report
「This was mainly due to increases in cash inflows of ¥1,940 million from changes in trade receivables and ¥1,451 million from changes in accounts payable, partly offset by decreases in cash inflows of ¥1,470 million from interim income before income taxes, ¥1,938 million from changes in inventories and ¥422 million from income taxes paid.」
Changes in inventories shifted from a ¥1,831 million cash inflow factor in the interim period of the previous year to a ¥1,938 million cash outflow factor in the current interim period, reducing operating cash flow. - FY2024MitigatedAnnual report
「Cash provided by operating activities increased to ¥9,534 million, up ¥6,568 million from the previous fiscal year. This was mainly due to increases of ¥5,775 million in cash inflows from changes in inventories and ¥3,249 million in income before income taxes, partly offset by decreases of ¥1,690 million in cash inflows from changes in trade receivables and ¥902 million in foreign exchange gains and losses.」
Changes in inventories shifted from a cash outflow factor to a ¥5,775 million increase factor, and operating cash flow increased by ¥6,568 million year on year. - FY2024-Q2MitigatedAnnual report
「This was mainly due to increases in cash inflows of ¥2,190 million from income before income taxes and ¥4,111 million from changes in inventories, partly offset by a ¥3,138 million decrease in cash inflows from changes in trade receivables and a ¥1,297 million increase in cash outflows from other items, including an increase in non-trade receivables.」
Changes in inventories shifted from a cash outflow factor in the same period of the previous year to a ¥4,111 million cash inflow factor, easing the drag on operating cash flow from inventories. - FY2023-Q3Increase in the Inventory BalanceAnnual report
「Inventories 13,131 18,619」
Inventories increased by ¥5,488 million, from ¥13,131 million at the end of the previous fiscal year to ¥18,619 million at the end of the third quarter of the current fiscal year. No quarterly consolidated statement of cash flows was prepared, and the impact on operating cash flow for the quarter was not disclosed in the text. - FY2023-Q2WorsenedAnnual report
「This was mainly due to increases in cash inflows of ¥1,843 million from income before income taxes and ¥2,499 million from changes in trade receivables, partly offset by increases in cash outflows of ¥1,464 million from changes in inventories and ¥1,519 million from changes in accounts payable.」
Although operating cash flow increased, the ¥1,464 million increase in cash outflows from changes in inventories reduced cash flow, and inventories continued to weigh on operating cash flow. - FY2022Further reduction in operating cash flow due to an increase in inventoriesAnnual report
「This was mainly due to a ¥1,599 million increase in income before income taxes, partly offset by increases in cash outflows of ¥1,723 million from changes in trade receivables and ¥2,758 million from changes in inventories.」
Changes in inventories, which contributed to cash inflows in the previous fiscal year, contributed to a ¥2,758 million increase in cash outflows in the current fiscal year, significantly reducing operating cash flow. - FY2022-Q2Operating cash flow reduced by an increase in inventoriesAnnual report
「This was mainly due to a ¥367 million increase in cash inflows from income before income taxes and a ¥858 million decrease in cash outflows from changes in accounts payable, partly offset by a ¥1,105 million decrease in cash inflows from changes in inventories.」
Changes in inventories, which increased cash inflows in the previous fiscal year, reduced cash inflows by ¥1,105 million in the current quarter and lowered operating cash flow. - FY2021Inventories changed to a source of cashAnnual report
「Cash provided by operating activities increased to ¥4,866 million, up ¥496 million from the previous fiscal year. This was mainly due to the recognition of a ¥743 million loss on valuation of equity investments and a ¥2,215 million increase in cash inflows from changes in inventories, partly offset by increases in cash outflows of ¥861 million from changes in accounts payable and ¥1,496 million from other items, including a decrease in accounts payable and other accrued expenses.」
Inventories, which reduced operating cash flow in the previous fiscal year, contributed to a ¥2,215 million increase in cash inflows in the current fiscal year, resulting in a ¥496 million increase in operating cash flow. - FY2021-Q2Changes in the factors behind the decrease in cash flow from operating activitiesAnnual report
「The increase in cash from operating activities was ¥2,544 million, a decrease of ¥474 million from the same period of the previous year. This was mainly because changes in trade receivables resulted in a ¥1,015 million decrease in cash inflows and changes in trade payables resulted in a ¥1,172 million increase in cash outflows, while changes in inventories resulted in a ¥1,759 million increase in cash inflows.」
Cash flow from operating activities decreased by ¥474 million year on year. Changes in trade receivables and trade payables were factors weighing on cash flow, while changes in inventories contributed to cash inflows. - FY2020Concurrent increases in inventories and cash flow from operating activitiesAnnual report
「The increase in cash from operating activities was ¥4,369 million, an increase of ¥914 million from the previous fiscal year. This was mainly because liabilities related to retirement benefits increased by ¥259 million and other items, including increases in advances received, increased by ¥1,302 million, while income tax payments also increased by ¥391 million.」
Cash flow from operating activities increased by ¥914 million for the full fiscal year, changing from the decrease caused by an increase in inventories reported in the previous quarter. Inventories increased by ¥1,599 million, but increases in advances received and other items contributed to the increase. - FY2020-Q2First statedAnnual report
「The increase in cash from operating activities was ¥3,019 million, a decrease of ¥257 million from the same period of the previous year. This was mainly due to an increase in inventories.」
Cash flow from operating activities decreased by ¥257 million year on year, with the increase in inventories cited as the main factor.