Improving Profitability and Increasing Cash Flow
First written in FY2016-Q3. 19 of 41 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-10-15.
Himaraya moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 18 of 109 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2026-H1Deteriorating earnings alongside higher operating cash flowAnnual report
「As a result, consolidated results for the interim period were revenue of ¥29,005 million (up 0.9% year on year), an operating loss of ¥240 million (compared with operating income of ¥114 million in the same period of the previous year), an ordinary loss of ¥198 million (compared with ordinary income of ¥156 million), and an interim net loss attributable to owners of the parent of ¥173 million (compared with interim net income attributable to owners of the parent of ¥44 million). Cash generated from operating activities during the interim period was ¥1,204 million, compared with ¥669 million in the same period of the previous year.」
Revenue increased, while operating income, ordinary income and net income turned from profits in the same period of the previous year to losses. Operating cash flow increased to ¥1,204 million. - FY2025WorsenedAnnual report
「As a result, consolidated results for the fiscal year were revenue of ¥60,447 million (up 3.3% year on year), operating income of ¥285 million (down 7.3%), ordinary income of ¥382 million (down 11.6%), and net income attributable to owners of the parent of ¥11 million (down 94.6%). Cash generated from operating activities was ¥416 million, compared with ¥982 million in the previous fiscal year.」
Although revenue increased, operating income, ordinary income, net income attributable to owners of the parent and operating cash flow all fell below the previous fiscal year, indicating weaker earnings power and cash generation. - FY2025-H1Revenue increased, the company returned to operating profitability and operating cash flow improved, but net income declinedAnnual report
「As a result, consolidated results for the interim period were revenue of ¥28,756 million (up 2.5% year on year), operating income of ¥114 million (compared with an operating loss of ¥42 million in the same period of the previous year), ordinary income of ¥156 million (compared with ordinary income of ¥11 million), and interim net income attributable to owners of the parent of ¥44 million (down 55.3%).」
Revenue increased, and operating income turned from a loss in the same period of the previous year to a profit. Cash flow from operating activities also improved from cash usage of ¥311 million in the same period of the previous year to cash generation of ¥669 million, while interim net income attributable to owners of the parent fell 55.3% year on year. - FY2024-Q3WorsenedAnnual report
「As a result, consolidated results for the nine months ended the third quarter were revenue of ¥43,146 million (down 4.7% year on year), operating income of ¥166 million (down 87.1%), ordinary income of ¥253 million (down 81.6%), and net income attributable to owners of the parent of ¥248 million (down 75.9%).」
Revenue declined year on year, and operating income, ordinary income and net income attributable to owners of the parent fell significantly. - FY2024-Q2WorsenedAnnual report
「As a result, consolidated results for the six months ended the second quarter were revenue of ¥28,059 million (down 4.6% year on year), an operating loss of ¥42 million (compared with operating income of ¥1,027 million in the same period of the previous year), ordinary income of ¥11 million (down 99.0%), and quarterly net income attributable to owners of the parent of ¥98 million (down 88.1%). Cash used in operating activities during the six months ended the second quarter was ¥311 million, compared with cash generated of ¥1,162 million in the same period of the previous year.」
Revenue declined, and operating income turned from a profit of ¥1,027 million in the same period of the previous year to a loss of ¥42 million. Cash flow from operating activities also deteriorated from cash generation of ¥1,162 million in the same period of the previous year to cash usage of ¥311 million. - FY2024-Q1WorsenedAnnual report
「As a result, consolidated results for the three months ended the first quarter were revenue of ¥13,475 million (down 0.6% year on year), an operating loss of ¥64 million (compared with operating income of ¥367 million in the same period of the previous year), an ordinary loss of ¥17 million (compared with ordinary income of ¥397 million), and net income attributable to owners of the parent of ¥52 million (down 82.5%).」
Revenue declined, operating income and ordinary income turned from profits in the same period of the previous year to losses, and quarterly net income attributable to owners of the parent fell 82.5% year on year. Performance against the earnings-power target deteriorated. - FY2023WorsenedAnnual report
「Cash used in operating activities was ¥42 million, compared with cash generated of ¥838 million in the previous fiscal year.」
Cash flow from operating activities turned from cash generation of ¥838 million in the previous fiscal year to cash usage of ¥42 million. Operating income also fell 52.5% year on year to ¥968 million, indicating weaker earnings power and cash generation. - FY2023-Q2Revenue increased, while operating income and other measures declined; net income and operating cash flow increasedAnnual report
「As a result, consolidated results for the six months ended the second quarter were revenue of ¥29,406 million (up 4.1% year on year), operating income of ¥1,021 million (down 10.7%), ordinary income of ¥1,080 million (down 19.4%), and net income attributable to owners of the parent of ¥831 million (up 3.5%).」
Revenue and quarterly net income attributable to owners of the parent increased, while operating income and ordinary income fell below the same period of the previous year. Cash flow from operating activities was ¥1,162 million, up from ¥1,141 million in the same period of the previous year. - FY2023-Q1WorsenedAnnual report
「Due to the full renovation of the 2 flagship stores mentioned above and the burden of opening costs for 2 new stores, operating income, ordinary income and quarterly net income attributable to owners of the parent fell below the previous fiscal year, although revenue and gross profit remained above the previous fiscal year.」
Revenue and gross profit exceeded the previous fiscal year, while operating income, ordinary income and quarterly net income fell below the previous fiscal year due to flagship-store renovations and the costs of opening new stores. - FY2022Profit increased, while operating cash flow declinedAnnual report
「Cash generated from operating activities was ¥838 million, compared with ¥6,894 million in the previous fiscal year.」
Ordinary income for the full year increased to ¥2,366 million and net income attributable to owners of the parent increased to ¥1,431 million, while cash flow from operating activities declined from ¥6,894 million in the previous fiscal year to ¥838 million. - FY2022-Q3AdvancedAnnual report
「In terms of profit, operating income, ordinary income and net income all reached record highs.」
Operating income, ordinary income and net income reached record highs, indicating stronger earnings power. The company did not prepare a quarterly consolidated statement of cash flows in the third-quarter report, so no new figure was provided for the increase in cash flow. - FY2022-Q2Profit increased, while operating cash flow declinedAnnual report
「As a result, consolidated results for the six months ended the second quarter were revenue of ¥28,238 million (47.9% progress against the full-year plan), operating income of ¥1,144 million (up 34.2% year on year), ordinary income of ¥1,341 million (up 40.6%), and net income attributable to owners of the parent of ¥803 million (up 38.9%).」
Operating income, ordinary income and quarterly net income attributable to owners of the parent increased year on year, while cash generated from operating activities was ¥1,141 million, down from ¥4,851 million in the same period of the previous year. - FY2022-Q1Operating income and ordinary income down, net income upAnnual report
「As a result, consolidated results for the three months ended the first quarter were revenue of ¥13,232 million (22.2% progress against the full-year plan), operating income of ¥475 million (down 8.3% year on year), ordinary income of ¥548 million (down 2.3%), and net income attributable to owners of the parent of ¥338 million (up 12.3%).」
While operating income and ordinary income declined year on year, quarterly net income attributable to owners of the parent increased 12.3%. - FY2021AdvancedAnnual report
「Cash generated from operating activities was ¥6,894 million, compared with cash usage of ¥44 million in the previous fiscal year.」
Cash flow from operating activities improved from cash usage of ¥44 million in the previous fiscal year to cash generation of ¥6,894 million, quantitatively demonstrating a recovery in earnings power and cash generation. - FY2021-Q3AdvancedAnnual report
「As a result, consolidated results for the nine months ended the third quarter were revenue of ¥47,202 million (up 15.0% year on year), operating income of ¥1,851 million (compared with an operating loss of ¥1,575 million in the same period of the previous year), ordinary income of ¥1,994 million (compared with an ordinary loss of ¥1,473 million), and net income attributable to owners of the parent of ¥1,286 million (compared with a net loss attributable to owners of the parent of ¥1,095 million).」
Revenue increased 15.0% year on year, while operating income, ordinary income and quarterly net income attributable to owners of the parent all turned from losses in the same period of the previous year to profits. - FY2021-Q2AdvancedAnnual report
「As a result, consolidated results for the six months ended the second quarter were revenue of ¥30,602 million (up 4.1% year on year), operating income of ¥852 million (compared with an operating loss of ¥549 million in the same period of the previous year), ordinary income of ¥953 million (compared with an ordinary loss of ¥481 million), and net income attributable to owners of the parent of ¥578 million (compared with a net loss attributable to owners of the parent of ¥386 million).」
Revenue increased 4.1% year on year, while operating income, ordinary income and quarterly net income attributable to owners of the parent all turned from losses in the same period of the previous year to profits. - FY2021-Q1AdvancedAnnual report
「As a result, consolidated results for the three months ended the first quarter were revenue of ¥14,774 million (up 5.7% year on year), operating income of ¥518 million (compared with an operating loss of ¥236 million in the same period of the previous year), ordinary income of ¥561 million (compared with an ordinary loss of ¥196 million), and net income attributable to owners of the parent of ¥301 million (compared with a net loss attributable to owners of the parent of ¥162 million).」
Operating loss, ordinary loss and quarterly net loss attributable to owners of the parent in the same period of the previous year all turned into profits in the current quarter. - FY2020Full-year losses and negative operating cash flow persistAnnual report
「Cash flow from operating activities for the fiscal year was negative ¥44 million.」
For the full year, the company posted an operating loss of ¥487 million, an ordinary loss of ¥328 million and a net loss attributable to owners of the parent of ¥789 million. Cash flow from operating activities also decreased by ¥44 million. The decline narrowed from the ¥680 million decrease in cash from operating activities in the previous fiscal year. - FY2020-Q3WorsenedAnnual report
「As a result, consolidated results for the nine months ended the third quarter were revenue of ¥41,048 million (down 18.9% year on year), an operating loss of ¥1,575 million (compared with operating income of ¥464 million in the same period of the previous year), an ordinary loss of ¥1,473 million (compared with ordinary income of ¥555 million), and a net loss attributable to owners of the parent of ¥1,095 million (compared with net income attributable to owners of the parent of ¥300 million).」
Revenue fell 18.9% year on year, while operating income, ordinary income and net income attributable to owners of the parent all swung from profits in the same period of the previous year to significant losses. Performance against the goals of improving earnings power and increasing cash flow deteriorated. - FY2020-Q2WorsenedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥17 million, compared with cash generated of ¥526 million in the same period of the previous year.」
Cash flow from operating activities deteriorated from cash generation of ¥526 million in the same period of the previous year to cash usage of ¥17 million. In addition, the company posted an operating loss of ¥549 million and an ordinary loss of ¥481 million. - FY2020-Q1MitigatedAnnual report
「As a result, consolidated results for the three months ended the first quarter were revenue of ¥13,982 million (down 7.0% year on year), an operating loss of ¥236 million (compared with an operating loss of ¥263 million in the same period of the previous year), an ordinary loss of ¥196 million (compared with an ordinary loss of ¥236 million), and a net loss attributable to owners of the parent of ¥162 million (compared with a net loss attributable to owners of the parent of ¥183 million).」
Although revenue continued to decline, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. The company has not yet returned to profitability. - FY2019-Q3WorsenedAnnual report
「As a result, consolidated results for the nine months ended the third quarter were revenue of ¥50,610 million (down 1.2% year on year), operating income of ¥464 million (down 51.2%), ordinary income of ¥555 million (down 45.6%), and net income attributable to owners of the parent of ¥300 million (down 62.7%).」
Revenue fell 1.2% year on year, while operating income, ordinary income and net income attributable to owners of the parent also declined significantly. - FY2019-Q2WorsenedAnnual report
「The increase in funds from operating activities for the first 6 months of the fiscal year under review was ¥526 million, compared with an increase of ¥1,557 million in the same period of the previous year.」
Cash flow from operating activities was ¥526 million, down from ¥1,557 million in the same period of the previous year. Performance against the goals of improving earnings power and increasing cash flow deteriorated in the current quarter, as measured by cash generation. - FY2019-Q1WorsenedAnnual report
「As a result, for the first quarter of the fiscal year under review, consolidated net sales were ¥15,026 million, down 2.3% year on year; operating loss was ¥263 million, compared with operating profit of ¥8 million in the same period of the previous year; ordinary loss was ¥236 million, compared with ordinary profit of ¥28 million; and net loss attributable to owners of the parent was ¥183 million, compared with a net loss attributable to owners of the parent of ¥62 million.」
Operating profit and ordinary profit fell from profits in the same period of the previous year to losses, while net sales also declined 2.3%. Performance this quarter deteriorated against the goal of improving profitability. - FY2018Profit increased, but operating cash flow decreasedAnnual report
「As a result, for the fiscal year under review, consolidated net sales were ¥67,960 million, down 6.8% from the previous fiscal year; operating profit was ¥1,203 million, up 6.5%; ordinary profit was ¥1,305 million, up 1.0%; and net profit attributable to owners of the parent was ¥728 million, up 70.5%.」
Although revenue declined, operating profit, ordinary profit and net profit attributable to owners of the parent increased. Operating cash flow was ¥2,906 million, down from ¥4,739 million in the previous fiscal year. - FY2018-Q3AdvancedAnnual report
「As a result, for the first 9 months of the fiscal year under review, consolidated net sales were ¥51,218 million, down 7.5% year on year; operating profit was ¥953 million, up 43.5%; ordinary profit was ¥1,020 million, up 31.6%; and net profit attributable to owners of the parent was ¥807 million, up 86.9%.」
Although revenue declined, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the same period of the previous year. No quarterly cash flow statement was prepared. - FY2018-Q2Cash increased, but operating cash flow decreased year on yearAnnual report
「Cash and cash equivalents, referred to below as “funds,” totaled ¥5,150 million at the end of the second quarter of the fiscal year under review, an increase of ¥586 million from the end of the previous fiscal year.」
Cash and cash equivalents increased by ¥586 million from the end of the previous fiscal year to ¥5,150 million, while operating cash flow decreased to ¥1,557 million from ¥2,834 million in the same period of the previous year. - FY2018-Q1AdvancedAnnual report
「As a result, for the first quarter of the fiscal year under review, consolidated net sales were ¥15,384 million, down 3.5% year on year; operating profit was ¥8 million, compared with an operating loss of ¥504 million in the same period of the previous year; ordinary profit was ¥28 million, compared with an ordinary loss of ¥450 million; and net loss attributable to owners of the parent was ¥62 million, compared with a net loss attributable to owners of the parent of ¥368 million in the same period of the previous year.」
Although net sales fell 3.5% year on year, operating profit and ordinary profit turned from losses to profits, while the quarterly net loss attributable to owners of the parent narrowed to ¥62 million. No quarterly cash flow figures were disclosed. - FY2017AdvancedAnnual report
「Cash and cash equivalents, referred to below as “funds,” totaled ¥4,563 million at the end of the fiscal year under review, an increase of ¥1,458 million from the end of the previous fiscal year.」
Cash and cash equivalents increased by ¥1,458 million from the end of the previous fiscal year to ¥4,563 million. Operating cash flow was also ¥4,739 million. - FY2017-Q3RestatedAnnual report
「Meanwhile, the Company seeks to improve profitability and increase cash flow by controlling expenses through more efficient use of advertising, logistics and labor costs.」
The Company reiterates its goal of improving profitability and cash flow through expense control. - FY2017-Q2RestatedAnnual report
「Meanwhile, the Company seeks to improve profitability and increase cash flow by controlling expenses through more efficient use of advertising, logistics and labor costs.」
The Company reiterates its goal of improving profitability and cash flow through expense control. - FY2017-Q1RestatedAnnual report
「Meanwhile, the Company seeks to improve profitability and increase cash flow by controlling expenses through more efficient use of advertising, logistics and labor costs.」
The Company reiterates its goal of improving profitability and cash flow through expense control. - FY2016-Q3First statedAnnual report
「The Company seeks to improve profitability and increase cash flow by controlling expenses through more efficient use of advertising, logistics and labor costs.」
The Company aims to improve profitability and cash flow by using expense control as a means of achieving this.