Decline in Operating Cash Flow Due to Increased Inventories
First written in FY2019-Q2. 8 of 26 entries say "Mitigated", first in FY2024-Q2. Latest entry: 2026-10-30.
The whole theme swung hardest in 2022: 40 of 150 companies on the "Worse" side.
34 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Cash provided by operating activities was ¥28,866 million, up ¥13,527 million, or 88.2%, year on year. The main sources of cash were ¥19,938 million in depreciation and amortization, ¥4,263 million from the change in trade receivables and ¥3,626 million from the change in inventories.」
Operating cash flow increased 88.2% year on year, and the change in inventories provided ¥3,626 million of cash from a decrease. The cash burden from inventory increases has eased. - FY2025-H1MitigatedAnnual report
「Cash provided by operating activities was ¥15,339 million, down ¥20,994 million, or 57.8%, year on year. The main source of cash was ¥21,160 million in depreciation and amortization, against a ¥6,280 million use of cash from the decrease in trade payables.」
Operating cash flow decreased, but the change in inventories shifted from a ¥281 million decrease and source of cash in the same period of the previous year to a ¥1,784 million decrease and source of cash in the current interim consolidated accounting period, easing the cash burden related to inventories. - FY2024-Q3MitigatedAnnual report
「Cash provided by operating activities was ¥55,131 million, up ¥25,965 million, or 89.0%, year on year. The main sources of cash were ¥31,083 million in depreciation and amortization and ¥27,794 million from the decrease in trade receivables. Change in inventories (△ indicates an increase) △ ¥8,029 million」
Cash flow from operating activities increased 89.0% year on year. The use of cash from the increase in inventories also declined from ¥25,169 million in the same period of the previous year to ¥8,029 million. - FY2024-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥36,333 million, up ¥13,315 million, or 57.8%, year on year. The main sources of cash were ¥20,695 million in depreciation and amortization and ¥15,874 million from the decrease in trade receivables. Change in inventories (△ indicates an increase) 281」
Cash flow from operating activities increased from the same period of the previous year. The change in inventories shifted from a ¥16,670 million increase and use of cash in the same period of the previous year to a ¥281 million decrease and source of cash. - FY2024-Q1Update to first-quarter resultsAnnual report
「Cash provided by operating activities was ¥16,762 million, up ¥8,654 million, or 106.7%, year on year. The main sources of cash were ¥10,330 million in depreciation and amortization and ¥8,283 million from the decrease in trade receivables, against a ¥5,969 million use of cash from foreign currency translation adjustments and foreign exchange gains or losses.」
Cash flow from operating activities increased from ¥8,108 million in the same period of the previous year to ¥16,762 million. The ¥1,709 million increase in inventories was a use of cash. - FY2023Update to Full-Year ResultsAnnual report
「Cash provided by operating activities was ¥34,219 million, up ¥25,263 million, or 282.1%, from the previous consolidated fiscal year. The main sources of cash were ¥42,048 million in depreciation and amortization and ¥11,443 million from the increase in trade payables, against a ¥15,044 million use of cash from the increase in inventories.」
Full-year operating cash flow increased to ¥34,219 million, while the ¥15,044 million increase in inventories continued to be a use of cash. - FY2023-Q3Update to third-quarter resultsAnnual report
「Cash provided by operating activities was ¥29,166 million, up ¥24,934 million, or 589.2%, year on year. The main sources of cash were ¥31,543 million in depreciation and amortization and ¥18,081 million from the decrease in trade receivables, against a ¥25,169 million use of cash from the increase in inventories.」
The ¥25,169 million increase in inventories continued to be a use of operating cash flow, while cash provided by operating activities increased to ¥29,166 million. - FY2023-Q2Update to second-quarter resultsAnnual report
「Cash provided by operating activities was ¥23,018 million, up ¥12,889 million, or 127.2%, year on year. The main sources of cash were ¥20,927 million in depreciation and amortization, ¥10,774 million from the decrease in trade receivables and ¥7,415 million from the increase in trade payables, against a ¥16,670 million use of cash from the increase in inventories.」
Operating cash flow for the six months ended increased to ¥23,018 million. Meanwhile, the ¥16,670 million increase in inventories continued to be a use of cash. - FY2023-Q1Update to first-quarter resultsAnnual report
「Cash provided by operating activities was ¥8,108 million, down ¥4,490 million, or 35.6%, year on year. The main sources of cash were ¥10,344 million in depreciation and amortization, ¥7,113 million from the increase in trade payables and ¥4,684 million from the decrease in trade receivables, against a ¥14,859 million use of cash from the increase in inventories.」
Operating cash flow for the first quarter was ¥8,108 million, down 35.6% year on year. The ¥14,859 million increase in inventories was identified as the main use of cash. - FY2022-Q3Update to third-quarter resultsAnnual report
「Cash provided by operating activities was ¥4,232 million, down ¥14,718 million, or 77.7%, year on year. The main sources of cash were ¥27,901 million in depreciation and amortization and ¥7,733 million from the decrease in trade receivables, against uses of cash of ¥25,416 million from the increase in inventories and ¥6,381 million from the decrease in trade payables.」
For the nine months ended, operating cash flow decreased to ¥4,232 million, with the ¥25,416 million increase in inventories and the ¥6,381 million decrease in trade payables as the main uses of cash. - FY2022-Q2Update to second-quarter resultsAnnual report
「Cash provided by operating activities was ¥10,129 million, compared with ¥12,450 million used in the same period of the previous year. The main sources of cash were ¥18,459 million in depreciation and amortization and ¥12,541 million from the decrease in trade receivables, against a ¥22,816 million use of cash from the increase in inventories.」
Operating cash flow shifted from ¥12,450 million used in the same period of the previous year to ¥10,129 million provided. Meanwhile, the ¥22,816 million increase in inventories continued to be a use of cash. - FY2022-Q1Update to first-quarter resultsAnnual report
「Cash provided by operating activities was ¥12,598 million, compared with ¥10,971 million used in the same period of the previous year. The main sources of cash were ¥9,040 million in depreciation and amortization, ¥5,393 million from the decrease in trade receivables, ¥3,050 million from the increase in trade payables and ¥2,554 million in income before income taxes and other adjustments, against a ¥12,433 million use of cash from the increase in inventories.」
Operating cash flow shifted from ¥10,971 million used in the same period of the previous year to ¥12,598 million provided. Meanwhile, the ¥12,433 million increase in inventories continued to be a use of cash. - FY2021Update to Full-Year ResultsAnnual report
「Change in inventories (△ indicates an increase) ¥13,491 million」
For the full year, the ¥13,491 million increase in inventories used operating cash flow, and cash provided by operating activities decreased to ¥36,473 million. - FY2021-Q3Update to third-quarter resultsAnnual report
「Cash provided by operating activities was ¥18,950 million, down ¥6,714 million, or 26.2%, year on year. The main components were ¥26,274 million in depreciation and amortization and ¥13,844 million provided by the decrease in inventories, against a ¥10,446 million loss before income taxes and other adjustments and a ¥14,104 million use of cash from the decrease in trade payables.」
For the nine months ended, cash flow from operating activities was ¥18,950 million. The change in inventories shifted from a use of cash due to an increase to ¥13,844 million provided by a decrease. Meanwhile, the loss before income taxes and the decrease in trade payables were uses of cash. - FY2021-Q2Update to second-quarter resultsAnnual report
「Cash used in operating activities was ¥12,450 million, compared with ¥22,064 million provided in the same period of the previous year. The main components were ¥17,182 million in depreciation and amortization and ¥9,308 million provided by the decrease in inventories, against a ¥12,894 million loss before income taxes and other adjustments and a ¥32,846 million use of cash from the decrease in trade payables.」
For the six months ended, operating cash flow shifted from ¥22,064 million provided in the same period of the previous year to ¥12,450 million used. The ¥9,308 million decrease in inventories provided cash, while the loss before income taxes and the decrease in trade payables used cash. - FY2021-Q1Update to first-quarter resultsAnnual report
「Cash used in operating activities was ¥10,971 million, compared with ¥13,177 million provided in the same period of the previous year. The main components were ¥8,293 million in depreciation and amortization as a source of cash, against a ¥11,390 million loss before income taxes and other adjustments and a ¥8,599 million use of cash from the increase in inventories.」
Operating cash flow shifted from ¥13,177 million provided in the same period of the previous year to ¥10,971 million used, with the loss before income taxes and the increase in inventories identified as the main factors. - FY2020-Q3Update to third-quarter resultsAnnual report
「Change in inventories (△ indicates an increase) △ ¥5,982 million」
For the nine months ended, the increase in inventories resulted in a ¥5,982 million use of operating cash flow. Total cash flow from operating activities was ¥25,664 million, down 1.1% year on year. - FY2020-Q2Update to second-quarter resultsAnnual report
「Change in inventories (△ indicates an increase) △ ¥3,543 million」
For the six months ended, the increase in inventories resulted in a ¥3,543 million use of operating cash flow. Meanwhile, total cash flow from operating activities increased to ¥22,064 million, mainly due to the ¥10,779 million decrease in trade receivables. - FY2020-Q1Update to first-quarter resultsAnnual report
「Change in inventories (△ indicates an increase) △ ¥5,768 million」
The increase in inventories resulted in a ¥5,768 million use of operating cash flow. Meanwhile, total cash flow from operating activities increased to ¥13,177 million, mainly due to a decrease in trade receivables. - FY2019Update to Full-Year ResultsAnnual report
「Cash provided by operating activities was ¥43,224 million, down ¥18,575 million, or 30.1%, from the previous consolidated fiscal year. The main component was ¥38,926 million in depreciation and amortization, recorded as a source of cash.」
The figures were updated from the nine months ended to the full-year results, and operating cash flow decreased to ¥43,224 million. The ¥16,183 million increase in inventories was the main use of operating cash flow. - FY2019-Q3Update to third-quarter resultsAnnual report
「Cash generated from operating activities was ¥25,962 million, a decrease of ¥17,075 million, or 39.7%, from the same period of the previous year. The main components were cash inflows of ¥29,051 million in depreciation and amortization and ¥14,300 million in income before taxes and other adjustments, against a cash outflow of ¥22,953 million due to an increase in inventories.」
Cash flow from operating activities decreased to ¥25,962 million, with the ¥22,953 million increase in inventories identified as the main use of cash. - FY2019-Q2First statedAnnual report
「Cash generated from operating activities was ¥17,116 million, a decrease of ¥15,120 million, or 46.9%, from the same period of the previous year. The main components were cash inflows of ¥19,187 million in depreciation and amortization and ¥12,550 million in income before taxes and other adjustments, against a cash outflow of ¥14,639 million due to an increase in inventories.」
Cash flow from operating activities decreased to ¥17,116 million, with the ¥14,639 million increase in inventories identified as the main cash outflow factor.