Advance procurement in response to customer demand amid tight wafer supply
First written in FY2023-Q2. 5 of 7 entries say "Restated". Latest entry: FY2024.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「The group is working to shorten the collection period for trade receivables and the inventory holding period, and is striving to reliably secure the working capital and funds required for growth from operating cash flow.」
The group continues to manage working capital in addition to reducing advance procurement and inventories. - FY2024-Q3RestatedAnnual report
「This was mainly because inventories and notes receivable decreased as product revenue increased and advance procurement at customer request declined.」
The disclosure continues to explain that lower advance procurement at customer request reduced inventories and notes receivable. - FY2024-Q2RestatedAnnual report
「This was mainly because inventories and notes receivable decreased as product revenue increased and advance procurement at customer request declined.」
The disclosure continues to explain that lower advance procurement at customer request reduced inventories and notes receivable. - FY2024-Q1AdvancedAnnual report
「The decrease in inventories was partly attributable to a decline in advance procurement at customer request, which contributed to higher product revenue. The effects of the transaction are included in changes in other assets and changes in other liabilities.」
The decline in advance procurement at customer request contributed to lower inventories and higher product revenue. - FY2023RestatedAnnual report
「The increase in inventories was due to advance procurement at customer request because wafer supplies were tight, and this will contribute to revenue from the fiscal year ending March 2024 onward.」
Advance procurement at customer request continued in response to tight wafer supply, with a contribution to revenue expected from the following fiscal year onward. - FY2023-Q3RestatedAnnual report
「The increase in inventories was mainly attributable to advance procurement at customer request. Customers provided the cash funding for this procurement, and its effects are included in changes in other assets and changes in other liabilities. The transaction had no net impact on cash.」
Advance procurement of wafers and other items at customer request continued. Because customers funded the procurement, the transaction had no overall cash impact. - FY2023-Q2First statedAnnual report
「This was mainly because inventories and notes receivable increased as we made advance procurement at customer request because wafer supplies were tight.」
The disclosure explains that advance procurement at customer request was conducted in response to tight wafer supply, increasing inventories and notes receivable.