Negative operating cash flow due to increases in accounts receivable and inventories
First written in FY2018-Q2. 11 of 30 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2022: 38 of 140 companies on the "Worse" side.
32 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Cash provided by operating activities was ¥3,807 million, compared with ¥1,206 million in the previous fiscal year.」
Operating cash flow increased from ¥1,206 million in the previous fiscal year to ¥3,807 million, indicating improved cash generation from operating activities. - 2026-09-14MitigatedEarnings
「Cash provided by operating activities was ¥3,807 million, compared with ¥1,206 million in the previous fiscal year.」
Operating cash flow increased from ¥1,206 million in the previous fiscal year to ¥3,807 million. - FY2026-H1MitigatedAnnual report
「Cash provided by operating activities amounted to ¥1,753 million, compared with cash used of ¥110 million in the same period of the previous year. This was mainly due to interim profit before income taxes of ¥1,073 million and an increase in contract liabilities of ¥849 million, offset by income taxes paid of ¥397 million and an increase in inventories of ¥213 million.」
Operating cash flow turned from an outflow of ¥110 million in the same period of the previous year to an inflow of ¥1,753 million, substantially easing the deterioration in operating cash flow. - FY2025Operating cash flow remained positive but decreasedAnnual report
「Cash provided by operating activities amounted to ¥1,206 million, compared with ¥1,642 million in the previous fiscal year. This was mainly due to increases in trade receivables and contract assets of ¥946 million and income taxes paid of ¥641 million, offset by profit before income taxes of ¥2,373 million and an increase in trade payables of ¥115 million.」
Operating cash flow remained an inflow of ¥1,206 million but decreased from ¥1,642 million in the previous fiscal year. The increase in trade receivables and contract assets put pressure on cash flow. - FY2025-H1WorsenedAnnual report
「Cash used in operating activities amounted to ¥110 million, compared with cash provided of ¥722 million in the same period of the previous year. This was mainly due to interim profit before income taxes of ¥1,011 million and an increase in contract liabilities of ¥272 million, offset by increases in trade receivables and contract assets of ¥828 million and inventories of ¥412 million.」
Operating cash flow turned from an inflow of ¥722 million in the same period of the previous year to an outflow of ¥110 million, as increases in trade receivables, contract assets and inventories put pressure on cash flow. - FY2024MitigatedAnnual report
「Cash provided by operating activities amounted to ¥1,642 million, compared with cash used of ¥189 million in the previous fiscal year. This was mainly due to income taxes paid of ¥666 million and an increase in inventories of ¥245 million, offset by profit before income taxes of ¥2,088 million and an increase in trade receivables and contract assets of ¥561 million.」
Although trade receivables, contract assets and inventories increased, operating cash flow turned from an outflow of ¥189 million in the previous fiscal year to an inflow of ¥1,642 million. - FY2024-Q3MitigatedAnnual report
「The main factors were a ¥949 million decrease in accounts receivable and contract assets, while cash and deposits increased by ¥1,603 million and inventories by ¥300 million.」
Trade receivables and contract assets decreased, while cash and deposits increased by ¥1,603 million. Inventories increased by ¥300 million, but the working capital burden that had continued from the previous fiscal year was partly eased. - FY2024-Q2MitigatedAnnual report
「Cash provided by operating activities amounted to ¥722 million, compared with cash used of ¥1,068 million in the same period of the previous year. This was mainly due to income taxes paid of ¥381 million and an increase in inventories of ¥58 million, offset by quarterly profit before income taxes of ¥1,063 million and an increase in contract liabilities of ¥116 million.」
Operating cash flow turned from an outflow of ¥1,068 million in the same period of the previous year to an inflow of ¥722 million, easing the deterioration in cash flow caused by the working capital burden. - FY2024-Q1Increase in equipment awaiting shipment and decrease in cashAnnual report
「The main factors were a ¥382 million increase in inventories due to an increase in equipment awaiting shipment, while accounts receivable and contract assets decreased by ¥444 million and cash and deposits by ¥205 million.」
Inventories increased due to an increase in equipment awaiting shipment, while accounts receivable and contract assets and cash and deposits decreased. - FY2023WorsenedAnnual report
「Cash used in operating activities amounted to ¥189 million, compared with cash provided of ¥1,181 million in the previous fiscal year. This was mainly due to profit before income taxes of ¥1,927 million, against increases in trade receivables and contract assets of ¥1,301 million and inventories of ¥667 million.」
Despite higher profit and sales, operating cash flow turned from an inflow of ¥1,181 million in the previous fiscal year to an outflow of ¥189 million due to increases in trade receivables, contract assets and inventories. - FY2023-Q3WorsenedAnnual report
「The main factors were a ¥884 million decrease in cash and deposits, while accounts receivable and contract assets increased by ¥731 million, work in process by ¥588 million and electronic receivables by ¥308 million.」
Trade receivables, contract assets and work in process increased, while cash and deposits decreased by ¥884 million, resulting in a change in the asset mix indicating a greater working capital burden. - FY2023-Q2WorsenedAnnual report
「Cash used in operating activities amounted to ¥1,068 million, compared with ¥94 million in the same period of the previous year. This was mainly due to quarterly profit before income taxes of ¥982 million and an increase in trade payables of ¥141 million, offset by increases in trade receivables and contract assets of ¥1,494 million and inventories of ¥412 million, and income taxes paid of ¥233 million.」
The operating cash flow outflow expanded from ¥94 million in the same period of the previous year to ¥1,068 million, as increases in trade receivables, contract assets and inventories put pressure on cash flow. - FY2023-Q1WorsenedAnnual report
「The main factors were a ¥981 million decrease in cash and deposits, while trade receivables and contract assets increased by ¥491 million, inventories by ¥473 million and consumption tax receivables and other items by ¥27 million.」
At the end of the first quarter, cash and deposits decreased by ¥981 million, while trade receivables and contract assets increased by ¥491 million and inventories by ¥473 million. - FY2022MitigatedAnnual report
「Cash provided by operating activities amounted to ¥1,181 million, up 139.4% year on year. This was due to an increase in inventories of ¥525 million and income taxes paid of ¥299 million, offset by profit before income taxes of ¥1,481 million, a ¥157 million decrease in trade receivables and contract assets, and an increase in contract liabilities of ¥137 million.」
Operating cash flow increased from ¥493 million in the previous fiscal year to ¥1,181 million, with the decrease in trade receivables and contract assets also contributing to cash generation. - FY2022-Q3Increase in inventories; decreases in trade receivables and increase in cashAnnual report
「The main factors were a ¥868 million decrease in accounts receivable and contract assets, while inventories increased by ¥771 million and cash and deposits by ¥561 million.」
Trade receivables and contract assets decreased and cash and deposits increased, while inventories rose by ¥771 million. - FY2022-Q2WorsenedAnnual report
「Cash used in operating activities amounted to ¥94 million, compared with ¥47 million in the same period of the previous year. This was mainly due to quarterly profit before income taxes of ¥548 million and an increase in contract liabilities of ¥104 million, offset by an increase in inventories of ¥308 million, an increase in trade receivables and contract assets of ¥257 million, and income taxes paid of ¥155 million.」
Operating cash flow deteriorated from an outflow of ¥47 million in the same period of the previous year to an outflow of ¥94 million, as increases in inventories, trade receivables and contract assets put pressure on cash flow. - FY2022-Q1Increase in inventories; decreases in trade receivables and cashAnnual report
「The main factors were a ¥647 million increase in inventories accompanying the increase in the order backlog, while trade receivables and contract assets decreased by ¥566 million and cash and deposits by ¥323 million.」
Inventories increased by ¥647 million in line with the increase in the order backlog, while trade receivables and contract assets decreased by ¥566 million and cash and deposits by ¥323 million. - FY2021-Q3Increase in inventories and decrease in cash accompanying higher ordersAnnual report
「The main factors were a ¥477 million increase in inventories accompanying the increase in orders, while cash and deposits decreased by ¥547 million and accounts receivable by ¥279 million.」
Inventories increased by ¥477 million in line with the increase in orders, while cash and deposits and accounts receivable decreased. - FY2021-Q2WorsenedAnnual report
「Cash used in operating activities amounted to ¥47 million, compared with cash provided of ¥315 million in the same period of the previous year. This was mainly due to quarterly profit before income taxes of ¥262 million and an increase in trade payables of ¥208 million, offset by income taxes paid of ¥247 million and an increase in inventories of ¥241 million.」
Operating cash flow turned from an inflow of ¥315 million in the same period of the previous year to an outflow of ¥47 million, with the increase in inventories and income tax payments putting pressure on cash flow. - FY2021-Q1MitigatedAnnual report
「The main factors were a ¥166 million increase in cash and deposits, a ¥377 million increase in inventories accompanying the increase in the order backlog, and a ¥621 million decrease in trade receivables.」
In contrast to the increase in trade receivables that weighed on operating cash flow in the previous fiscal year, trade receivables decreased by ¥621 million in the current quarter and cash and deposits increased by ¥166 million. - FY2020RestatedAnnual report
「Cash provided by operating activities amounted to ¥868 million, up 1.2% year on year. This was mainly due to an increase in trade receivables of ¥279 million and a decrease in trade payables of ¥246 million, offset by profit before income taxes of ¥910 million and a ¥466 million decrease in inventories.」
Cash provided by operating activities amounted to ¥868 million, with the decrease in inventories contributing to cash generation. Positive operating cash flow has continued. - FY2020-Q3MitigatedAnnual report
「Current assets stood at ¥7,858 million at the end of the third quarter, up ¥573 million from the end of the previous fiscal year. The main factor was a ¥437 million increase in cash and deposits, due mainly to the collection of trade receivables.」
Cash and deposits increased by ¥437 million, mainly due to the collection of trade receivables and other factors, indicating a different cash flow trend from the previous fiscal year, when the increase in trade receivables put pressure on operating cash flow. - FY2020-Q2Operating cash flow was an inflow despite increases in trade receivables and inventoriesAnnual report
「Cash provided by operating activities amounted to ¥315 million, up 210.2% year on year. This was mainly due to an increase in trade receivables of ¥479 million, profit before income taxes of ¥471 million, an increase in advances received of ¥190 million and an increase in trade payables of ¥147 million.」
While trade receivables increased by ¥479 million and inventories by ¥88 million, cash provided by operating activities amounted to ¥315 million. - FY2020-Q1Decrease in trade receivables and increase in inventoriesAnnual report
「The main factors were a ¥214 million increase in inventories accompanying the increase in the order backlog and a ¥340 million decrease in trade receivables.」
Inventories increased by ¥214 million in line with the increase in the order backlog, while trade receivables decreased by ¥340 million. - FY2019MitigatedAnnual report
「Cash provided by operating activities amounted to ¥857 million, compared with cash used of ¥223 million in the previous fiscal year. This was mainly due to income taxes paid of ¥202 million, a decrease in trade receivables of ¥862 million and profit before income taxes of ¥305 million.」
Operating cash flow turned from an outflow of ¥223 million in the previous fiscal year to an inflow of ¥857 million, with the decrease in trade receivables contributing to cash generation. - FY2019-Q3Decrease in trade receivables and increase in inventoriesAnnual report
「Current assets stood at ¥7,202 million at the end of the third quarter, down ¥112 million from the end of the previous fiscal year. The main factors were a ¥207 million increase in inventories and a ¥313 million decrease in trade receivables.」
Trade receivables decreased by ¥313 million from the end of the previous fiscal year, while inventories increased by ¥207 million. No statement of cash flows from operating activities was prepared. - FY2019-Q2MitigatedAnnual report
「Cash provided by operating activities amounted to ¥101 million, compared with cash used of ¥36 million in the same period of the previous year. This was mainly because quarterly profit before income taxes of ¥262 million and an increase in trade payables of ¥143 million made positive contributions, while income taxes paid amounted to ¥134 million and advances received decreased by ¥128 million.」
Operating cash flow turned from an outflow in the same period of the previous year to an inflow of ¥101 million in the six months ended the second quarter. Cash outflows from trade receivables and inventories were smaller than in the same period of the previous year, easing the deterioration in operating cash flow. - FY2018WorsenedAnnual report
「Cash used in operating activities amounted to ¥223 million, compared with cash provided of ¥295 million in the previous fiscal year. This was mainly due to profit before income taxes of ¥563 million, an increase in trade payables of ¥206 million and depreciation of ¥118 million, offset by an increase in trade receivables of ¥1,415 million.」
Despite returning to profitability and recording higher sales, trade receivables increased by ¥1,415 million, resulting in an operating cash flow outflow of ¥223 million. - FY2018-Q3Increases in trade receivables and work in processAnnual report
「The main factors were a ¥778 million decrease in cash and deposits, while accounts receivable increased by ¥1,377 million and work in process increased by ¥461 million.」
As orders and sales increased, accounts receivable rose by ¥1,377 million and work in process by ¥461 million, while cash and deposits decreased by ¥778 million. - FY2018-Q2First statedAnnual report
「Cash used in operating activities amounted to ¥36 million, compared with cash provided of ¥133 million in the same period of the previous year. This was mainly because increases in advances received of ¥350 million, trade payables of ¥272 million and tax refunds of ¥91 million made positive contributions, while trade receivables increased by ¥772 million.」
Although the Company returned to profitability, operating cash flow was an outflow of ¥36 million, mainly due to the ¥772 million increase in trade receivables.