Deteriorating Operating Cash Flow and Funding Through Short-Term Borrowings
First written in FY2016. 1 of 30 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 8 of 16 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Increase in cash due to lower operating cash flow and reduced investment spendingAnnual report
「Cash provided by operating activities was ¥5,946 million (compared with ¥7,695 million provided in the same period of the previous year). Cash used in investing activities was ¥2,709 million (compared with expenditure of ¥7,874 million in the same period of the previous year).」
Operating cash flow decreased, while investment expenditure declined from the previous period, which included the acquisition of the Hakone Venetian Glass Museum and other assets, and cash and cash equivalents increased by ¥1,631 million. - FY2026-H1Reduction in investment expenditure and increase in cashAnnual report
「Cash used in investing activities was ¥192 million (compared with expenditure of ¥2,481 million in the same period of the previous year).」
Expenditure on investing activities decreased from ¥2,481 million in the same period of the previous year to ¥192 million. Operating activities generated ¥5,357 million in cash, and cash and cash equivalents increased by ¥4,150 million from the end of the previous fiscal year. - FY2025Decrease in operating cash flow and major investment expenditureAnnual report
「Cash used in investing activities was ¥7,845 million (compared with expenditure of ¥1,734 million in the same period of the previous year). The main factors were expenditure for the acquisition of non-current assets, including the land, buildings and artwork of the Hakone Venetian Glass Museum, as well as the acquisition of shares in Nanao Co., Ltd.」
Operating cash flow decreased from the previous period to ¥7,666 million, while investment expenditure increased significantly due to the acquisition of non-current assets of the Hakone Venetian Glass Museum and shares in Nanao. - FY2025-H1Increase in operating cash flow and investment expenditure for the acquisition of a subsidiaryAnnual report
「Cash provided by operating activities was ¥5,482 million (compared with ¥5,132 million provided in the same period of the previous year).」
Operating cash flow increased from the same period of the previous year. Meanwhile, investing activities included expenditure of ¥1,266 million to acquire shares in a subsidiary in connection with a change in the scope of consolidation, and cash and cash equivalents increased by ¥1,533 million from the beginning of the fiscal year. - FY2024Increase in operating cash flow, increase in cash and repayment of short-term borrowingsAnnual report
「Cash provided by operating activities was ¥8,429 million (compared with ¥2,983 million provided in the same period of the previous year).」
Operating cash flow increased from ¥2,983 million to ¥8,429 million, and cash and cash equivalents also increased by ¥3,511 million. Meanwhile, the Company repaid ¥2,000 million in short-term borrowings. - FY2024-Q3Increase in total assets, cash and inventoriesAnnual report
「Total assets at the end of the third quarter of the current consolidated fiscal year were ¥5,963.6 million, up ¥1,133.7 million from the end of the previous consolidated fiscal year. Operating receivables increased as performance remained strong during the third quarter, and cash and deposits increased as operating receivables were collected. Merchandise and finished goods also increased to meet strong capital investment demand from pachinko hall operators associated with the introduction of smart gaming machines.」
Strong performance and efforts to meet demand for smart gaming machines increased operating receivables, cash and deposits, and merchandise and finished goods, resulting in a ¥1,133.7 million increase in total assets from the end of the previous fiscal year. - FY2024-Q2Operating cash flow turned positive, cash increasedAnnual report
「Cash provided by operating activities was ¥343 million used in the same period of the previous year, but was ¥5,132 million provided in the first six months of the current consolidated fiscal year.」
Operating cash flow shifted from cash outflow in the same period of the previous year to cash inflow of ¥5,132 million, while cash and cash equivalents also increased by ¥3,319 million from the end of the same period of the previous year. - FY2024-Q1Increase in total assets due to higher inventories for smart gaming machines and operating receivablesAnnual report
「Products increased as the Company worked to procure them in response to strong capital investment demand from pachinko hall operators associated with the introduction of smart gaming machines. Total assets were ¥5,282.6 million, up ¥452.7 million from the end of the previous consolidated fiscal year.」
Procurement of products to meet demand for smart gaming machines and an increase in operating receivables accompanying strong performance resulted in a ¥452.7 million increase in total assets from the end of the previous fiscal year. - FY2023-Q3Increase in total assets due to higher inventories for smart gaming machines and lower cashAnnual report
「Although cash and deposits decreased due to the settlement of operating liabilities and other factors, products increased as the Company worked to procure units and related products in response to growing demand for smart gaming machines. Operating receivables also increased as sales remained strong during the third quarter of the current consolidated fiscal year. As a result, total assets were ¥4,548.2 million, up ¥399.2 million from the end of the previous consolidated fiscal year.」
Product inventories increased due to procurement for smart gaming machines, while operating receivables increased in line with strong sales, resulting in a ¥399.2 million increase in total assets from the end of the previous fiscal year. Cash and deposits decreased due to the settlement of operating liabilities and other factors. - FY2023-Q2Operating cash flow deficit and increase in inventories for Smart SystemsAnnual report
「Cash provided by operating activities was ¥1,744 million in the same period of the previous year, whereas operating activities used ¥343 million in the first six months of the current consolidated fiscal year. The main factor was a significant increase in inventories as the Company secured products for the launch of Smart Systems and other products scheduled for sale from the third quarter onward, although the decrease in trade receivables generated more cash than in the same period of the previous year.」
Inventories increased as products were secured in preparation for sales of Smart Systems and other products, causing operating cash flow to shift from cash inflow in the same period of the previous year to cash outflow. - FY2023-Q1Total assets, liabilities and net assets decreaseAnnual report
「Total assets at the end of the first quarter of the current consolidated fiscal year were ¥4,028.4 million, down ¥120.5 million from the end of the previous consolidated fiscal year. Although merchandise and finished goods increased, operating receivables decreased due to collections, while property, plant and equipment and intangible assets also decreased, mainly due to depreciation.」
Total assets decreased by ¥120.5 million from the end of the previous fiscal year due to the collection of operating receivables and depreciation, while liabilities also decreased by ¥88 million. - FY2022Slight decrease in operating cash flow, increase in cash and repayment of short-term borrowingsAnnual report
「Cash provided by operating activities was ¥3,220 million (compared with ¥3,396 million provided in the same period of the previous year). Cash and cash equivalents at the end of the consolidated fiscal year were ¥16,581 million, an increase of ¥841 million from the end of the previous consolidated fiscal year.」
Operating cash flow decreased slightly from ¥3,396 million in the previous year to ¥3,220 million, while cash and cash equivalents increased. The Company repaid ¥1,000 million in short-term borrowings. - FY2022-Q3Decrease in liabilities due to repayment of short-term borrowingsAnnual report
「Liabilities at the end of the first nine months of the current consolidated fiscal year were ¥9,281 million, down ¥1,140 million from the end of the previous consolidated fiscal year, mainly due to the repayment of short-term borrowings.」
Liabilities decreased by ¥1,140 million from the end of the previous consolidated fiscal year, mainly due to the repayment of short-term borrowings. - FY2022-Q2Improvement in operating cash flow and continued repayment of short-term borrowingsAnnual report
「Cash provided by operating activities was ¥1,744 million, an increase of ¥899 million from the same period of the previous year.」
Operating cash flow increased from ¥844 million in the same period of the previous year to ¥1,744 million. Meanwhile, the Company repaid ¥1,000 million in short-term borrowings, and cash and cash equivalents decreased by ¥313 million. - FY2022-Q1Decrease in cash, total assets, and liabilitiesAnnual report
「Total assets at the end of the first quarter of the current consolidated fiscal year were ¥3,888.1 million, down ¥220.3 million from the end of the previous consolidated fiscal year. Although electronically recorded monetary claims increased among current assets, cash and deposits and notes and accounts receivable decreased significantly. Among non-current assets, property, plant and equipment and intangible assets decreased because depreciation exceeded additions.」
Total assets decreased by ¥220.3 million from the end of the previous fiscal year due to decreases in cash and deposits, trade receivables and non-current assets. Liabilities also decreased by ¥208.9 million, mainly due to the repayment of short-term borrowings. - FY2021Lower operating cash flow; higher cash balanceAnnual report
「Cash provided by operating activities was ¥3,396 million (compared with ¥5,006 million provided in the same period of the previous year). Cash and cash equivalents at the end of the fiscal year were ¥15,739 million, an increase of ¥261 million from the end of the previous fiscal year.」
Operating cash flow decreased, while cash and cash equivalents increased from the end of the previous fiscal year. - FY2021-Q3Decrease in total assets and restraint on capital expenditureAnnual report
「In addition, in light of concerns about a resurgence of COVID-19 infections, the Company restrained major capital investment. As a result, among other factors, depreciation exceeded additions to property, plant and equipment, and total assets decreased by ¥2,029 million from the end of the previous fiscal year to ¥4,067.2 million.」
The Company restrained major capital investment amid concerns about a resurgence of infections, and total assets decreased by ¥2,029 million from the end of the previous fiscal year. - FY2021-Q2Decrease in operating cash flow and cashAnnual report
「Cash provided by operating activities was ¥844 million, down ¥2,990 million from the same quarter of the previous year. The main factors were a larger increase in cash from the decrease in trade receivables, but also a larger decrease in cash due to the operating results recording a quarterly net loss before income taxes and other adjustments as a result of the COVID-19 pandemic, as well as a decrease in trade payables.」
Operating cash flow decreased from ¥3,834 million in the same period of the previous year to ¥844 million, while cash and cash equivalents at the end of the quarter also decreased by ¥417 million. - FY2021-Q1Decrease in Total Assets and Net AssetsAnnual report
「Total assets at the end of the first quarter decreased ¥255.2 million from the end of the previous consolidated fiscal year to ¥4,014.9 million. Operating receivables, including accounts receivable, fell substantially as operating activity contracted partly due to requests to suspend operations following the declaration of a state of emergency in response to the spread of COVID-19.」
Operating receivables decreased as operating activity contracted due to requests to suspend operations and other factors, resulting in a ¥255.2 million decrease in total assets from the end of the previous fiscal year. - FY2020-Q3Increase in cash and total assetsAnnual report
「Total assets at the end of the third quarter increased ¥80.9 million from the end of the previous consolidated fiscal year to ¥4,453.9 million. Although property, plant and equipment and intangible assets decreased, mainly due to decreases in inventories and other receivables related to development recoveries and substantial depreciation of fixed assets, cash and deposits and trade receivables increased as sales remained strong.」
Cash and deposits and trade receivables increased, resulting in an ¥80.9 million increase in total assets from the end of the previous fiscal year. No statement of cash flows was prepared for the nine months ended the third quarter. - FY2020-Q2Operating cash flow turned positive, cash increasedAnnual report
「Cash and cash equivalents used in operating activities during the six months ended the second quarter of the previous fiscal year, referred to below as the year-earlier quarter, amounted to ¥23.1 million, while cash provided during the six months ended the second quarter of the current fiscal year amounted to ¥383.4 million.」
Operating cash flow turned from an outflow of ¥23.1 million in the year-earlier period to an inflow of ¥383.4 million, and the cash balance increased to ¥1,519.3 million. - FY2020-Q1Increase in cash and decrease in total assetsAnnual report
「Total assets at the end of the first quarter decreased ¥42.6 million from the end of the previous consolidated fiscal year to ¥4,330.3 million. Cash and deposits increased as April sales remained strong, but other receivables decreased in connection with development recoveries.」
Cash and deposits increased, reversing the downward trend through the end of the previous fiscal year, but total assets decreased ¥426 million due to a decrease in other receivables. - FY2019Decrease in operating cash flow and cash, with long-term borrowing incurredAnnual report
「Cash provided by operating activities was ¥187.5 million, a decrease of ¥104.5 million from the previous consolidated fiscal year. Cash and cash equivalents at the end of the current consolidated fiscal year were ¥1,275.1 million, a decrease of ¥108.0 million from the end of the previous consolidated fiscal year.」
Operating cash flow decreased from ¥292.1 million to ¥187.5 million, and cash and cash equivalents also decreased. Under financing activities, ¥30.0 million in long-term borrowings was incurred. - FY2019-Q3Decrease in cash and deposits and change in borrowingsAnnual report
「Total assets at the end of the third quarter decreased ¥44.6 million from the end of the previous consolidated fiscal year to ¥4,311.7 million. Although notes and accounts receivable increased due to higher revenue in the third quarter than in the previous fourth quarter, and software increased in connection with the development of internal systems, the decrease in cash and deposits and inventories was greater.」
Although no quarterly consolidated statement of cash flows was prepared, total assets decreased ¥44.6 million from the end of the previous fiscal year due to decreases in cash and deposits and inventories. - FY2019-Q2Wider operating cash flow deficit and smaller decrease in cashAnnual report
「Cash used in operating activities increased ¥10.5 million from the year-earlier quarter to ¥23.1 million. The decrease in cash during the six months ended the second quarter was ¥164.4 million.」
The operating cash flow deficit widened from ¥12.5 million in the year-earlier period to ¥23.1 million, while the decrease in cash and cash equivalents narrowed from ¥227.5 million to ¥164.4 million. - FY2018Operating cash flow remained positive but decreased, and cash decreasedAnnual report
「Cash provided by operating activities was ¥292.1 million (compared with an inflow of ¥933.9 million in the year-earlier period).」
Operating cash flow remained positive, but decreased from ¥933.9 million in the previous year to ¥292.1 million, while cash and cash equivalents also decreased ¥22.9 million. - FY2018-Q2Operating cash flow deficit and decrease in cashAnnual report
「Cash used in operating activities was ¥12.5 million, compared with cash provided of ¥645.7 million in the year-earlier quarter. Cash used in financing activities decreased ¥219.9 million from the year-earlier quarter to ¥59.1 million.」
Operating cash flow turned from an inflow in the year-earlier period to an outflow, while repayment of short-term borrowings was not reported under financing activities. Cash and cash equivalents also decreased year on year. - FY2017-Q3RestatedAnnual report
「Liabilities at the end of the third quarter increased ¥127.5 million from the end of the previous consolidated fiscal year to ¥1,912.3 million. This reflected increases in trade payables and advances received, despite repayment of short-term borrowings and a decrease in unpaid research and development expenses compared with the end of the previous consolidated fiscal year.」
Repayment of short-term borrowings continues to be cited as a factor behind changes in the financial position. - FY2017-Q2Improvement in operating cash flow and repayment of short-term borrowingsAnnual report
「Cash provided by operating activities was ¥645.7 million, compared with cash used of ¥238.7 million in the year-earlier quarter. Cash used in financing activities increased ¥170.4 million from the year-earlier quarter to ¥279.0 million, mainly because a portion of the short-term borrowings was repaid during the six months ended the second quarter.」
Operating cash flow turned from an outflow in the year-earlier period to an inflow, and a portion of the short-term borrowings was repaid. - FY2016First statedAnnual report
「During the current consolidated fiscal year, the company borrowed ¥5,500 million from financial institutions as short-term borrowings. Consequently, cash inflows amounted to ¥4,065 million in the current consolidated fiscal year, compared with cash outflows of ¥1,441 million in the previous consolidated fiscal year.」
The change in cash flow from financing activities due to short-term borrowings is described.