Securing Profits Through Cost Reduction and Inventory Reduction
First written in FY2016. 6 of 31 entries say "Mitigated", first in FY2023-Q3. Latest entry: 2026-08-10.
The whole theme swung hardest in 2020: 1 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-08-10MitigatedEarnings presentation
「Inventories declined as sales of memory-product inventories progressed.」
Inventories declined from ¥12,445 million at 31 March 2026 to ¥11,364 million at 30 June 2026, indicating progress toward inventory reduction. - FY2026WorsenedAnnual report
「The main factors behind the decrease were increases of ¥2,573 million in trade receivables, ¥1,451 million in advances paid and ¥8,156 million in inventories.」
Despite the policy of reducing inventories, inventories increased by ¥8,156 million, contributing to the decrease in cash flow from operating activities. - FY2026-H1Inventories increased significantlyAnnual report
「The main factors were interim profit before income taxes of ¥619 million, an increase of ¥1,054 million in inventories, an increase of ¥534 million in securities for operating investment purposes, an increase of ¥600 million in trade payables, and income tax refunds of ¥127 million.」
Despite the policy of reducing inventories, inventories increased by ¥1,054 million, resulting in an operating cash flow outflow of ¥114 million. - FY2025MitigatedAnnual report
「Cash flow from operating activities resulted in an inflow of ¥92 million. Factors contributing to the increase included profit before income taxes of ¥610 million, depreciation of ¥668 million, an increase of ¥128 million in trade payables, and a ¥271 million decrease in inventories.」
The ¥271 million decrease in inventories contributed to the increase in operating cash flow, confirming movement in line with the policy of reducing inventories. - FY2025-H1MitigatedAnnual report
「Change in inventories (△ indicates an increase) 228,988」
Operating cash flow included a ¥228 million decrease in inventories. Merchandise and finished goods, as well as raw materials and supplies, also decreased from the end of the previous fiscal year, indicating that inventory reduction is continuing after the recent upward trend. - FY2024-Q3Merchandise inventories increased againAnnual report
「Merchandise and finished goods 2,818,337 2,979,584」
Merchandise and finished goods increased from ¥2,818 million at the end of the previous consolidated fiscal year to ¥2,980 million at the end of the third quarter, reversing the inventory reduction observed immediately beforehand. - FY2024-Q2MitigatedAnnual report
「Change in inventories (△ indicates an increase) 441,596」
Operating cash flow included a ¥441 million decrease in inventories, and merchandise and finished goods also decreased from the end of the previous fiscal year. Inventory reduction in line with the policy of reducing inventories is continuing. - FY2024-Q1MitigatedAnnual report
「This was mainly due to increases of ¥1,155 million in cash and deposits and ¥105 million in securities for operating investment purposes, despite decreases of ¥671 million in accounts receivable and ¥385 million in merchandise and finished goods.」
Merchandise and finished goods decreased by ¥385 million from the end of the previous consolidated fiscal year, indicating a move toward inventory reduction after the continued growth in merchandise inventories. - FY2023-Q3MitigatedAnnual report
「Current assets decreased 7.5% from the end of the previous consolidated fiscal year to ¥11,919 million. This was mainly due to decreases of ¥816 million in notes receivable, accounts receivable and contract assets, ¥297 million in cash and deposits, and ¥106 million in merchandise and finished goods.」
Merchandise and finished goods decreased by ¥106 million from the end of the previous fiscal year, indicating a move toward inventory reduction after the continued growth in merchandise inventories. - FY2023-Q2Increase in merchandise and raw materials inventoriesAnnual report
「This was mainly due to an ¥865 million decrease in notes receivable, accounts receivable and contract assets, despite a ¥573 million increase in cash and deposits.」
Although total current assets decreased from the end of the previous fiscal year, the balance sheet showed increases of ¥181 million in merchandise and finished goods and ¥74 million in raw materials and supplies, indicating that inventories continue to increase despite the policy of reducing them. - FY2023-Q1Continued increase in merchandise inventoryAnnual report
「This was mainly due to increases of ¥885 million in cash and deposits, ¥650 million in merchandise and finished goods, and ¥313 million in advances, despite a ¥557 million decrease in notes receivable, accounts receivable and contract assets.」
Despite the policy of reducing inventories, merchandise and finished goods increased by ¥650 million from the end of the previous consolidated fiscal year, indicating that merchandise inventory continues to grow. - FY2022Increases in merchandise and raw materials inventories continuedAnnual report
「Current assets increased 27.2% from the end of the previous consolidated fiscal year to ¥12,891 million. This was mainly due to increases of ¥1,205 million in the combined total of notes and accounts receivable, ¥932 million in merchandise and finished goods, and ¥315 million in raw materials and supplies.」
Despite the policy of reducing inventories, merchandise and finished goods increased by ¥932 million and raw materials and supplies by ¥315 million, indicating that inventory growth is continuing. - FY2022-Q3Increases in merchandise and raw materials inventories continuedAnnual report
「Current assets increased 23.3% from the end of the previous fiscal year to ¥12,496 million. This mainly reflected increases of ¥940 million in merchandise and finished goods, ¥713 million in notes and accounts receivable and contract assets, ¥288 million in raw materials and supplies, and ¥145 million in advances paid.」
Despite the inventory-reduction policy, merchandise and finished goods increased by ¥940 million and raw materials and supplies by ¥288 million from the end of the previous fiscal year, and inventory increases continued. - FY2022-Q2Merchandise inventory increased and operating cash flow was an outflowAnnual report
「Current assets increased 12.5% from the end of the previous fiscal year to ¥11,407 million. This mainly reflected increases of ¥753 million in merchandise and finished goods and ¥316 million in advances paid.」
While the Company maintained its inventory-reduction policy, merchandise and finished goods increased by ¥753 million from the end of the previous fiscal year. Cash flow from operating activities was also an outflow of ¥908 million, primarily due to an ¥801 million increase in inventories. - FY2022-Q1Trade receivables and merchandise inventories increasedAnnual report
「This mainly reflected increases of ¥475 million in trade receivables and ¥335 million in merchandise and finished goods, despite an ¥81 million decrease in raw materials and supplies.」
While raw materials and supplies decreased, trade receivables increased by ¥475 million and merchandise and finished goods by ¥335 million from the end of the previous fiscal year. Merchandise inventory continued to increase despite the inventory-reduction policy. - FY2021Increase in merchandise inventories accompanying expansion of consolidationAnnual report
「Current assets increased 52.4% from the end of the previous fiscal year to ¥10,138 million. This mainly reflected increases of ¥1,332 million in notes and accounts receivable and ¥1,373 million in merchandise and finished goods.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥1,373 million from the end of the previous fiscal year. Inventory increases associated with the consolidation of Princeton and other companies were confirmed. - FY2021-Q3Significant growth in merchandise inventories continued, although the increase narrowed slightly from the previous quarterAnnual report
「Current assets increased 46.2% from the end of the previous fiscal year to ¥9,725 million. This mainly reflected increases of ¥1,048 million in notes and accounts receivable and ¥1,092 million in merchandise and finished goods.」
Merchandise and finished goods increased by ¥1,092 million from the end of the previous fiscal year. Although the increase narrowed from the ¥1,186 million increase reported for the previous quarter, substantial growth continued contrary to the inventory-reduction policy. - FY2021-Q2Sharp increase in merchandise inventoryAnnual report
「Current assets increased 45.2% from the end of the previous fiscal year to ¥9,661 million. This mainly reflected increases of ¥1,186 million in merchandise and finished goods, ¥428 million in cash and deposits, ¥728 million in notes and accounts receivable, and ¥466 million in prepaid expenses.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥1,186 million from the end of the previous fiscal year. Inventory growth was substantial despite the inventory-reduction policy. - FY2021-Q1Inventory contracted as merchandise and raw materials declinedAnnual report
「This mainly reflected decreases of ¥108 million in merchandise and finished goods, ¥219 million in raw materials and supplies, and ¥102 million in advances paid, despite a ¥122 million increase in other current assets, primarily deposits, from the sale of investment securities and other factors.」
Merchandise and finished goods decreased by ¥108 million and raw materials and supplies by ¥219 million from the end of the previous fiscal year, consistent with the inventory-reduction policy. Work in process increased, however, and movements by category were mixed. - FY2020-Q3Merchandise declined while work in process and raw materials increased, resulting in mixed inventory movementsAnnual report
「Current assets decreased 15.1% from the end of the previous fiscal year to ¥6,893 million. This mainly reflected decreases of ¥1,948 million in cash and deposits, ¥29 million in merchandise and finished goods, and ¥324 million in advances paid, despite increases of ¥851 million in notes and accounts receivable, ¥26 million in work in process, and ¥169 million in raw materials and supplies.」
Merchandise and finished goods decreased by ¥29 million, while work in process increased by ¥26 million and raw materials and supplies by ¥169 million. Movements by inventory category were mixed despite the inventory-reduction policy. - FY2020-Q2Merchandise and work in process increased, raw materials declined, and total inventory decreasedAnnual report
「Current assets decreased 22.3% from the end of the previous fiscal year to ¥6,302 million. This mainly reflected decreases of ¥1,081 million in cash and deposits, ¥41 million in notes and accounts receivable, ¥338 million in raw materials and supplies, and ¥417 million in advances paid, despite a ¥135 million increase in merchandise and finished goods.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥135 million and work in process by approximately ¥7 million, while raw materials and supplies decreased by ¥338 million. Cash flow from operating activities also included a ¥196 million decrease in inventories. - FY2020-Q1Increases in merchandise and work in process continued, while raw materials declinedAnnual report
「Current assets decreased 9.2% from the end of the previous fiscal year to ¥7,370 million. This mainly reflected decreases of ¥302 million in notes and accounts receivable, ¥247 million in raw materials and supplies, and ¥438 million in advances paid, despite a ¥203 million increase in cash and deposits.」
Raw materials and supplies decreased by ¥247 million, while the balance sheet showed increases of ¥35 million in merchandise and finished goods and ¥26 million in work in process. Movements across inventory categories were mixed despite the inventory-reduction policy. - FY2019-Q3Increases in merchandise and work in process continuedAnnual report
「This mainly reflected increases of ¥548 million in notes and accounts receivable, ¥220 million in merchandise and finished goods, and ¥47 million in work in process, despite decreases of ¥227 million in cash and deposits, ¥111 million in raw materials and supplies, and ¥362 million in other current assets.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥220 million and work in process by ¥47 million from the end of the previous fiscal year. - FY2019-Q2Increases in merchandise and work in process continuedAnnual report
「This mainly reflected increases of ¥234 million in cash and deposits, ¥178 million in merchandise and finished goods, and ¥29 million in work in process, despite decreases of ¥71 million in raw materials and supplies, ¥14 million in notes and accounts receivable, and ¥154 million in other current assets.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥178 million and work in process by ¥29 million from the end of the previous fiscal year. The increase in merchandise inventories continued from the end of the previous fiscal year. - FY2019-Q1Inventory increases accelerated againAnnual report
「This mainly reflected increases of ¥758 million in notes and accounts receivable, ¥225 million in merchandise and finished goods, ¥29 million in work in process, and ¥108 million in other current assets, despite decreases of ¥1,213 million in cash and deposits and ¥85 million in raw materials and supplies.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥225 million and work in process by ¥29 million from the end of the previous fiscal year. The increase in merchandise and finished goods accelerated again from the ¥157 million increase at the end of the previous fiscal year. - FY2018The increase in inventory narrowed furtherAnnual report
「This mainly reflected increases of ¥826 million in cash and deposits, ¥781 million in notes and accounts receivable, and ¥157 million in merchandise and finished goods.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥157 million from the end of the previous fiscal year. The increase continued, but narrowed further from the ¥189 million increase reported for the previous quarter. - FY2018-Q3The increase in inventory narrowedAnnual report
「This mainly reflected increases of ¥526 million in cash and deposits, ¥1,111 million in notes and accounts receivable, and ¥189 million in merchandise and finished goods.」
Merchandise and finished goods increased by ¥189 million from the end of the previous fiscal year. The increase continued, but was smaller than the ¥505 million increase reported for the previous quarter. - FY2018-Q2Inventory increases acceleratedAnnual report
「This mainly reflected increases of ¥793 million in notes and accounts receivable, ¥505 million in merchandise and finished goods, and ¥409 million in other current assets, despite a ¥189 million decrease in raw materials and supplies.」
While the inventory-reduction policy continued, merchandise and finished goods increased by ¥505 million from the end of the previous fiscal year. Cash flow from operating activities was also an outflow of ¥1,267 million. - FY2018-Q1Inventory increases continuedAnnual report
「Current assets increased 8.3% from the end of the previous fiscal year to ¥5,890 million. This mainly reflected increases of ¥432 million in notes and accounts receivable, ¥421 million in merchandise and finished goods, ¥165 million in raw materials and supplies, and ¥261 million in other current assets, despite a ¥853 million decrease in cash and deposits.」
While the Company maintains its inventory-reduction policy, merchandise and finished goods increased by ¥421 million and raw materials and supplies by ¥165 million from the end of the previous fiscal year. Inventory increases were confirmed for the second consecutive year. - FY2017Inventory increases occurredAnnual report
「On the expense front, we will continue to pursue thorough cost reductions, reduce product inventories and shorten inventory holding periods, and seek to secure profit through more efficient operations, market expansion, and the pursuit of added value.」
The policy of cost reductions and inventory reduction continues. Meanwhile, cash flow from operating activities was an outflow of ¥702 million, and inventories increased by ¥833 million, according to the disclosure. - FY2016First statedAnnual report
「On the expense front, we will continue to pursue thorough cost reductions, reduce product inventories and shorten inventory holding periods, and seek to secure profit through more efficient operations, market expansion, and the pursuit of added value.」
Expense reductions, inventory reduction, shorter inventory holding periods, operating efficiency, and the pursuit of added value were cited as measures to secure profit.