Operating Cash Flow Turning Negative Due to Higher Inventories
First written in FY2018-Q2. 10 of 27 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.
70 other companies' latest entry also says "Other".
- FY2026Operating cash flow declined, but investing outlays fell sharplyAnnual report
「Funds generated by operating activities amounted to ¥335.744 million, compared with ¥398.846 million of cash inflow in the previous consolidated fiscal year. Funds used in investing activities amounted to ¥51.438 million, compared with ¥4,133.408 million of cash outflow in the previous consolidated fiscal year.」
Operating cash flow declined, while investing outlays, which had been substantial in the previous fiscal year, fell to ¥51.438 million. - 2026-09-10MitigatedRevision of earnings forecasts
「Cash generated from operating activities was ¥335,744 thousand, compared with ¥398,846 thousand of cash generated in the previous consolidated fiscal year.」
Operating cash flow remained positive, while cash used in investing activities fell sharply to ¥51,438 thousand from ¥4,133,408 thousand in the previous fiscal year. - FY2026-H1MitigatedAnnual report
「During the interim consolidated accounting period, cash and cash equivalents, hereinafter referred to as “funds,” were reduced by cash used in operating activities of ¥139.519 million, cash used in investing activities of ¥402.423 million and cash used in financing activities of ¥553.163 million, resulting in a balance of funds of ¥1,033.614 million at the end of the interim consolidated accounting period.」
Cash used in operating activities narrowed from ¥158.337 million in the same period of the previous year to ¥139.519 million, while cash used in investing activities fell sharply from ¥3,886.479 million to ¥402.423 million. Cash used in financing activities amounted to ¥553.163 million, however, reducing the cash balance to ¥1,033.614 million. - FY2025Operating cash flow recovers, but investment spending drives a sharp decline in cashAnnual report
「Against income before income taxes of ¥216.072 million, depreciation and amortization of ¥119.621 million and an increase in trade payables of ¥60.722 million, among other factors, cash provided by operating activities was ¥398.846 million (compared with cash inflow of ¥226.760 million in the previous consolidated fiscal year).」
Operating cash flow increased to ¥398.846 million, while cash used in investing activities amounted to ¥4,133.408 million, including the acquisition of investment securities. Cash and cash equivalents decreased by ¥4,328.955 million. - FY2025-H1Operating cash flow turns negative; cash down due to acquisition of investment securitiesAnnual report
「Against interim income before income taxes of ¥94.390 million, depreciation and amortization of ¥55.636 million, interest and dividend income of ¥75.245 million, an increase in trade receivables and contract assets of ¥295.909 million and income tax refunds of ¥30.841 million, among other factors, cash used in operating activities was ¥158.337 million (compared with cash inflow of ¥55.545 million in the same period of the previous year).」
Operating cash flow shifted from cash inflow of ¥55.545 million in the same period of the previous year to cash outflow of ¥158.337 million. Cash and cash equivalents decreased by ¥4,431.570 million, mainly due to the ¥3,497.405 million acquisition of investment securities and other factors. - FY2024Operating cash flow and cash balance downAnnual report
「Cash provided by operating activities was ¥226.760 million (compared with cash inflow of ¥233.226 million in the previous consolidated fiscal year).」
Operating cash flow remained positive but decreased from ¥233.226 million in the previous year to ¥226.760 million, while cash and cash equivalents also decreased by ¥365.193 million. - FY2024-Q3Cash down; third-quarter cash flow not disclosedAnnual report
「Current assets at the end of the third quarter were ¥7,714.189 million, down ¥539.491 million from the end of the previous consolidated fiscal year. The main factors were decreases of ¥303.759 million in cash and deposits and ¥125.076 million in income taxes receivable.」
A statement of cash flows was not prepared for the cumulative third quarter. Current assets decreased by ¥539.491 million and cash and deposits decreased by ¥303.759 million. - FY2024-Q2Sharp decline in operating cash inflowAnnual report
「Against quarterly income before income taxes of ¥40.746 million, depreciation and amortization of ¥65.051 million, an increase in trade receivables and contract assets of ¥218.124 million and income tax refunds of ¥154.009 million, among other factors, cash provided by operating activities was ¥55.545 million (compared with cash inflow of ¥371.012 million in the same period of the previous year).」
Cash provided by operating activities remained positive but fell sharply from ¥371.012 million in the same period of the previous year to ¥55.545 million. The increase in trade receivables and contract assets was identified as a factor reducing cash. - FY2023Operating cash inflow downAnnual report
「Against income before income taxes of ¥267.331 million, depreciation and amortization of ¥192.339 million, a decrease in trade receivables and contract assets of ¥476.543 million, a decrease in inventories of ¥132.628 million, a decrease in trade payables of ¥147.433 million and income taxes paid of ¥690.872 million, among other factors, cash provided by operating activities was ¥233.226 million (compared with cash inflow of ¥826.984 million in the previous consolidated fiscal year).」
Operating cash flow remained positive due to decreases in trade receivables and inventories, but decreased from ¥826.984 million in the previous period to ¥233.226 million. - FY2023-Q3Cash up, trade receivables downAnnual report
「Current assets at the end of the third quarter were ¥8,598.414 million, down ¥7.054 million from the end of the previous consolidated fiscal year. The main factors were a ¥328.615 million increase in cash and deposits and a ¥346.428 million decrease in notes and accounts receivable and contract assets.」
Although a third-quarter statement of cash flows was not prepared, cash and deposits increased by ¥328.615 million, while notes and accounts receivable and contract assets decreased by ¥346.428 million. - FY2023-Q2Operating cash inflow down, trade receivables downAnnual report
「Against quarterly income before income taxes of ¥646.243 million, depreciation and amortization of ¥94.109 million, a decrease in trade receivables and contract assets of ¥243.827 million and income taxes paid of ¥446.848 million, among other factors, cash provided by operating activities was ¥371.012 million (compared with cash inflow of ¥718.341 million in the same period of the previous year).」
Operating cash flow decreased from ¥718.341 million in the same period of the previous year to ¥371.012 million. Trade receivables and contract assets decreased by ¥243.827 million, while income taxes paid amounted to ¥446.848 million. - FY2023-Q1Cash and accounts receivable down; first-quarter cash flow not disclosedAnnual report
「Current assets at the end of the first quarter were ¥8,076.194 million, down ¥529.274 million from the end of the previous consolidated fiscal year. The main factors were decreases of ¥284.518 million in cash and deposits and ¥267.744 million in notes and accounts receivable and contract assets.」
A first-quarter statement of cash flows was not prepared. Cash and deposits and notes and accounts receivable and contract assets decreased, resulting in a ¥529.274 million decrease in current assets. - FY2022Operating cash inflow down, inventories upAnnual report
「Against income before income taxes of ¥1,473.370 million, depreciation and amortization of ¥218.141 million, an increase in trade receivables and contract assets of ¥405.538 million, an increase in inventories of ¥334.776 million and an increase in trade payables of ¥60.715 million, among other factors, cash provided by operating activities was ¥826.984 million (compared with cash inflow of ¥1,873.203 million in the previous consolidated fiscal year).」
Operating cash flow remained positive at ¥826.984 million but decreased from ¥1,873.203 million in the previous period, as increases in trade receivables and contract assets and in inventories reduced cash. - FY2022-Q3Inventories and cash up, cash flow not disclosedAnnual report
「Current assets at the end of the third quarter were ¥8,559.043 million, up ¥1,270.442 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥663.068 million in cash and deposits, ¥214.831 million in notes and accounts receivable and contract assets, and ¥219.581 million in raw materials and supplies.」
A statement of cash flows was not prepared for the third quarter. Both cash and deposits and raw materials and supplies increased. - FY2022-Q2Operating cash inflow down, inventories upAnnual report
「Against quarterly income before income taxes of ¥1,259.522 million, depreciation and amortization of ¥102.166 million, an increase in trade receivables and contract assets of ¥276.552 million and an increase in inventories of ¥169.670 million, among other factors, cash provided by operating activities was ¥718.341 million (compared with cash inflow of ¥1,602.792 million in the same period of the previous year).」
Operating cash flow remained positive at ¥718.341 million but decreased from ¥1,602.792 million in the same period of the previous year. Increases in trade receivables and contract assets and in inventories were identified as factors reducing cash. - FY2021-Q3MitigatedAnnual report
「Current assets at the end of the third quarter were ¥7,243.372 million, up ¥2,561.472 million from the end of the previous consolidated fiscal year. The main factor was a ¥2,877.129 million increase in cash and deposits.」
Cash and deposits increased by ¥2,877.129 million. Merchandise and finished goods decreased from ¥506.782 million to ¥306.123 million, while raw materials and supplies decreased from ¥93.163 million to ¥37.640 million, indicating an improvement from the inventory growth and operating cash outflow seen in the previous period. - FY2021-Q2MitigatedAnnual report
「Against quarterly income before income taxes of ¥650.579 million, depreciation and amortization of ¥92.472 million, a decrease in trade receivables of ¥652.534 million and a decrease in inventories of ¥176.472 million, among other factors, cash provided by operating activities was ¥1,602.792 million (compared with cash inflow of ¥372.485 million in the same period of the previous year).」
Operating cash flow increased from ¥372.485 million in the same period of the previous year to ¥1,602.792 million, mainly due to decreases in trade receivables and inventories. - FY2020MitigatedAnnual report
「Cash provided by operating activities was ¥632.821 million (compared with cash inflow of ¥56.903 million in the previous consolidated fiscal year).」
Operating cash flow increased from cash inflow of ¥56.903 million in the previous period to ¥632.821 million. Inventories increased by ¥93.205 million, but operating cash flow improved. - FY2020-Q3MitigatedAnnual report
「Current assets at the end of the third quarter were ¥4,327.081 million, up ¥529.179 million from the end of the previous consolidated fiscal year. The main factor was a ¥906.252 million increase in cash and deposits, partly offset by a ¥475.436 million decrease in notes and accounts receivable.」
Although a statement of operating cash flows was not prepared, cash and deposits increased by ¥906.252 million and notes and accounts receivable decreased by ¥475.436 million. This indicates an improvement from the inventory growth and cash decline seen in the previous period. - FY2020-Q2MitigatedAnnual report
「Against quarterly income before income taxes of ¥209.200 million, depreciation and amortization of ¥94.205 million, an increase in inventories of ¥164.708 million, an increase in trade payables of ¥399.452 million, a decrease in accrued consumption taxes and other items of ¥68.359 million and income taxes paid of ¥59.214 million, among other factors, cash provided by operating activities was ¥372.485 million (compared with cash outflow of ¥286.592 million in the same period of the previous year).」
Operating cash flow shifted from cash outflow of ¥286.592 million in the same period of the previous year to cash inflow of ¥372.485 million. Although inventories increased, the increase in trade payables and other factors contributed to the cash inflow. - FY2020-Q1Cash up, trade receivables downAnnual report
「Current assets at the end of the first quarter were ¥3,665.185 million, down ¥132.716 million from the end of the previous consolidated fiscal year. The main factor was a ¥915.413 million decrease in notes and accounts receivable, partly offset by a ¥665.438 million increase in cash and deposits.」
Cash and deposits increased by ¥665.438 million, while notes and accounts receivable decreased by ¥915.413 million. A first-quarter statement of cash flows was not prepared. - FY2019MitigatedAnnual report
「Against income before income taxes of ¥87.157 million, depreciation and amortization of ¥230.209 million, an increase in trade receivables of ¥599.482 million and a decrease in inventories of ¥243.242 million, among other factors, cash provided by operating activities was ¥56.903 million (compared with cash outflow of ¥921.780 million in the previous consolidated fiscal year).」
Operating cash flow shifted from cash outflow of ¥921.780 million in the previous period to cash inflow of ¥56.903 million, while inventories also decreased by ¥243.242 million. - FY2019-Q3MitigatedAnnual report
「Current assets at the end of the third quarter were ¥3,104.621 million, up ¥557.940 million from the end of the previous consolidated fiscal year. The main factors were increases of ¥867.835 million in cash and deposits and ¥125.335 million in securities, partly offset by decreases of ¥259.595 million in notes and accounts receivable and ¥214.932 million in merchandise and finished goods.」
Merchandise and finished goods decreased by ¥214.932 million, while cash and deposits increased by ¥867.835 million. Although a third-quarter statement of cash flows was not prepared, this indicates an improvement from the inventory growth and cash decline seen in the previous period. - FY2019-Q2MitigatedAnnual report
「Against a quarterly loss before income taxes of ¥399.763 million, depreciation and amortization of ¥107.213 million, a decrease in trade receivables of ¥118.950 million, a decrease in trade payables of ¥207.785 million and a decrease in accrued consumption taxes and other items of ¥108.288 million resulted in cash used in operating activities of ¥286.592 million (compared with cash outflow of ¥309.014 million in the same period of the previous year).」
Cash used in operating activities narrowed from ¥309.014 million in the same period of the previous year to ¥286.592 million. Inventories also decreased by ¥21.373 million, indicating less cash outflow pressure from inventory growth in the previous period. - FY2018WorsenedAnnual report
「Against a loss before income taxes of ¥725.469 million, depreciation and amortization of ¥244.236 million, impairment loss of ¥51.324 million and a decrease in trade receivables of ¥88.612 million, among other factors, an increase in inventories of ¥548.061 million and other factors resulted in cash used in operating activities of ¥921.780 million (compared with cash outflow of ¥248.514 million in the previous consolidated fiscal year).」
Cash used in operating activities was ¥921.780 million, up from ¥248.514 million in the previous period. The ¥548.061 million increase in inventories was identified as a major factor reducing cash. - FY2018-Q3Inventories up and cash continues to decline (operating cash flow not disclosed)Annual report
「The main factors were increases of ¥207.488 million in merchandise and finished goods and ¥107.951 million in raw materials and supplies, while cash and deposits decreased by ¥780.580 million.」
Merchandise and finished goods and raw materials and supplies increased, while cash and deposits decreased by ¥780.580 million. As a statement of cash flows was not prepared for the cumulative third quarter, the amount of operating cash flow was not disclosed. - FY2018-Q2First statedAnnual report
「Against a quarterly loss before income taxes of ¥205.369 million, depreciation and amortization of ¥107.176 million, an increase in trade receivables of ¥9.333 million, an increase in inventories of ¥381.525 million and an increase in trade payables of ¥171.800 million, among other factors, cash used in operating activities was ¥309.014 million (compared with cash provided of ¥62.887 million in the same period of the previous year).」
Due mainly to the ¥381.525 million increase in inventories, operating cash flow shifted from cash inflow of ¥62.887 million in the same period of the previous year to cash outflow of ¥309.014 million, while cash and cash equivalents decreased by ¥305.351 million.