Deterioration in Operating Cash Flow Due to Increased Inventories
First written in FY2020-Q2. 10 of 18 entries say "Mitigated", first in FY2021-Q2. Latest entry: 2026-05-11.
The whole theme swung hardest in 2018: 4 of 22 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-05-11MitigatedRevision of earnings forecasts
「Cash inflows, including ¥5,246 million from a decrease in inventories」
The decrease in inventories contributed to operating cash inflows, indicating continued improvement in the cash burden associated with higher inventories. - FY2026-H1MitigatedAnnual report
「This mainly reflected the difference between cash inflows from items including interim net income before taxes and adjustments of ¥1,792 million, depreciation of ¥1,554 million and a ¥2,698 million decrease in inventories, and cash outflows from items including a ¥1,774 million increase in trade receivables.」
The ¥2,698 million decrease in inventories contributed to operating cash inflow, resulting in cash provided by operating activities of ¥4,777 million. - FY2025MitigatedAnnual report
「This mainly reflected the difference between cash inflows from items including net income before taxes and adjustments of ¥2,357 million, depreciation of ¥3,240 million and a ¥2,723 million decrease in inventories, and cash outflows from items including a ¥1,153 million gain on the sale of investment securities and ¥843 million in corporate taxes paid.」
The ¥2,723 million decrease in inventories contributed to operating cash inflow, and cash flow from operating activities improved from an outflow of ¥2,488 million in the previous fiscal year to an inflow of ¥6,449 million. - FY2025-H1MitigatedAnnual report
「This mainly reflected an increase of ¥7,832 million in cash and deposits, among others, and decreases of ¥1,203 million in inventories and ¥782 million in other receivables, among others.」
Inventories decreased by ¥1,203 million from the end of the previous consolidated fiscal year, while cash flow from operating activities was also an inflow of ¥4,041 million. The cash burden from higher inventories is moving toward improvement from the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「Total assets increased by ¥4,079 million from the end of the previous consolidated fiscal year to ¥118,427 million. This mainly reflected increases of ¥1,409 million in cash and deposits, ¥3,642 million in inventories and ¥1,734 million in investment securities, among others, and a decrease of ¥3,572 million in notes and accounts receivable, among others.」
Inventories increased by ¥3,642 million from the end of the previous fiscal year, exceeding the ¥3,564 million increase in the previous quarter. The increase in inventories continues to weigh on operating cash flow. - FY2024-Q2WorsenedAnnual report
「Total assets increased by ¥4,785 million from the end of the previous consolidated fiscal year to ¥119,133 million. This mainly reflected increases of ¥3,231 million in cash and deposits, ¥3,564 million in inventories and ¥1,444 million in investment securities, among others, and decreases of ¥2,659 million in notes and accounts receivable and ¥848 million in deferred tax assets, among others.」
Inventories increased by ¥3,564 million from the end of the previous fiscal year, exceeding the increase in the previous quarter. The ¥1,985 million increase in inventories was also an outflow factor in cash flow from operating activities. - FY2024-Q1WorsenedAnnual report
「Total assets increased by ¥4,924 million from the end of the previous consolidated fiscal year to ¥119,271 million. This mainly reflected increases of ¥4,277 million in cash and deposits and ¥1,907 million in inventories, among others, and a decrease of ¥1,763 million in notes and accounts receivable, among others.」
Inventories increased by ¥1,907 million from the end of the previous fiscal year, increasing the cash and asset burden associated with higher inventories. - FY2023WorsenedAnnual report
「Cash flow provided by operating activities was ¥6,398 million. This mainly reflected the difference between cash inflows from items including net income before taxes and adjustments of ¥10,489 million and depreciation of ¥3,423 million, and cash outflows from items including a ¥3,596 million increase in inventories and ¥3,419 million in corporate taxes paid.」
Operating cash flow remained positive, although the ¥3,596 million increase in inventories emerged as a significant outflow factor. - FY2023-Q3WorsenedAnnual report
「Total assets increased by ¥4,282 million from the end of the previous consolidated fiscal year to ¥111,361 million. This mainly reflected increases of ¥1,664 million in notes and accounts receivable and ¥3,721 million in inventories, among others, and a decrease of ¥1,145 million in cash and deposits, among others.」
Inventories increased by ¥3,721 million from the end of the previous fiscal year, widening from the ¥3,113 million increase in the second quarter. - FY2023-Q2WorsenedAnnual report
「Total assets increased by ¥5,741 million from the end of the previous consolidated fiscal year to ¥112,819 million. This mainly reflected increases of ¥1,167 million in cash and deposits, ¥2,118 million in notes and accounts receivable, and ¥3,113 million in inventories, among others, and a decrease of ¥1,085 million in investment securities, among others.」
Inventories increased by ¥3,113 million from the end of the previous fiscal year, with the increase widening from the previous period. The ¥1,320 million increase in inventories was also an outflow factor in operating cash flow. - FY2022MitigatedAnnual report
「Cash flow provided by operating activities was ¥10,265 million. This mainly reflected the difference between cash inflows from items including net income before taxes and adjustments of ¥5,987 million, depreciation of ¥3,885 million and a ¥3,559 million increase in trade payables, and cash outflows from items including a ¥3,105 million increase in trade receivables.」
Operating cash flow increased from ¥5,658 million in the previous fiscal year to ¥10,265 million. Although inventories increased by ¥1,021 million, the company is shifting from cash inflows caused by the substantial decrease in inventories in the previous period to a normal phase of working capital growth. - FY2022-Q2MitigatedAnnual report
「Cash flow provided by operating activities increased by ¥3,329 million year on year to ¥5,829 million. This mainly reflected the difference between cash inflows from items including quarterly net income before taxes and adjustments of ¥2,533 million, depreciation of ¥1,944 million and a ¥3,093 million increase in trade payables, and cash outflows from items including a ¥2,577 million increase in trade receivables.」
Operating cash flow increased from ¥2,500 million in the same period of the previous year to ¥5,829 million, continuing to improve from the phase of cash outflows caused by the increase in inventories in the previous period. - FY2022-Q1MitigatedAnnual report
「This mainly reflected increases of ¥4,024 million in cash and deposits, ¥1,746 million in notes and accounts receivable, and ¥689 million in deferred tax assets, among others, and decreases of ¥619 million in inventories, ¥403 million in other receivables and ¥302 million in investment securities, among others.」
Inventories decreased by ¥619 million from the end of the previous fiscal year, continuing to move toward improvement from the cash outflow factor caused by the increase in inventories in the previous period. - FY2021MitigatedAnnual report
「Cash flow provided by operating activities was ¥5,658 million. This mainly reflected the difference between cash inflows from items including depreciation of ¥3,833 million and a ¥2,637 million decrease in inventories, and cash outflows from items including a ¥1,605 million increase in trade receivables.」
Operating cash flow improved from an outflow of ¥2,497 million in the previous fiscal year to an inflow of ¥5,658 million, while the ¥2,637 million decrease in inventories also contributed to cash inflow. - FY2021-Q3MitigatedAnnual report
「Decreases of ¥1,030 million in inventories, ¥599 million in other receivables and ¥788 million in receivable corporate tax refunds, among others」
Inventories decreased by ¥1,030 million from the end of the previous fiscal year, moving toward improvement from the cash outflow factor caused by the increase in inventories in the previous period. - FY2021-Q2MitigatedAnnual report
「Cash flow provided by operating activities was ¥2,500 million, compared with an outflow of ¥525 million in the same period of the previous year. This mainly reflected the difference between cash inflows from items including depreciation of ¥1,945 million, a ¥1,026 million decrease in trade receivables and a ¥624 million corporate tax refund, and cash outflows from items including a ¥752 million quarterly net loss before taxes and adjustments and a ¥1,270 million decrease in trade payables.」
Operating cash flow shifted from an outflow of ¥525 million in the same period of the previous year to an inflow of ¥2,500 million. Inventories also decreased by ¥250 million from the end of the previous fiscal year, marking a shift from the cash outflow caused by an increase in inventories in the previous period. - FY2020Full-year operating cash flow deficit and increase in inventoriesAnnual report
「Cash flow used in operating activities was ¥2,497 million. This mainly reflected the difference between cash inflows from items including depreciation of ¥3,800 million and a ¥3,642 million decrease in trade receivables, and cash outflows from items including a ¥4,266 million increase in inventories, a ¥3,446 million decrease in trade payables and ¥2,540 million in corporate taxes paid.」
Operating cash flow was a full-year outflow of ¥2,497 million, with the ¥4,266 million increase in inventories and the decrease in trade payables serving as the main outflow factors. - FY2020-Q2First statedAnnual report
「Cash flow used in operating activities was ¥525 million, compared with cash provided of ¥3,654 million in the same period of the previous year. This mainly reflected the difference between cash inflows from items including depreciation of ¥1,895 million and a ¥2,522 million decrease in trade receivables, and cash outflows from items including a ¥3,477 million increase in inventories and ¥1,493 million in corporate taxes paid.」
Operating cash flow shifted from cash inflow of ¥3,654 million in the same period of the previous year to cash outflow of ¥525 million, with the ¥3,477 million increase in inventories identified as the main outflow factor.