Deterioration in Cash Flow from Operating Activities Due to Increases in Inventory and Merchant Loan Receivables
First written in FY2020-Q2. 9 of 17 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Workman moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 38 of 140 companies on the "Worse" side.
33 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Cash provided by operating activities was ¥18,838 million (down ¥5,955 million year on year), mainly reflecting pretax net income of ¥30,436 million, depreciation of ¥3,225 million, an increase in accounts payable of ¥1,686 million, interest and dividends received of ¥643 million, and an increase in trade payables of ¥613 million, partly offset by income taxes paid of ¥8,592 million, an increase in inventories of ¥5,800 million, an increase in accounts receivable due from franchisees of ¥1,875 million, and an increase in trade receivables of ¥1,496 million.」
Operating cash flow decreased from ¥24,793 million in the previous year to ¥18,838 million, and increases in inventories, franchisee receivables and trade receivables were factors reducing cash flow. - FY2026-H1WorsenedAnnual report
「Cash provided by operating activities was ¥9,824 million, a decrease of ¥6,399 million year on year. This was mainly attributable to interim pretax income of ¥14,860 million, depreciation and amortization of ¥1,717 million, a ¥1,131 million increase in trade payables and a ¥374 million increase in accounts payable and other liabilities, partly offset by income taxes paid of ¥4,221 million, a ¥3,917 million increase in inventories and a ¥461 million increase in franchisee receivables.」
Operating cash flow decreased from ¥16,223 million in the same period of the previous year to ¥9,824 million, and increases in inventories and franchisee receivables were factors reducing cash flow. - FY2025MitigatedAnnual report
「Cash provided by operating activities was ¥24,793 million, an increase of ¥9,564 million year on year. This was mainly attributable to pretax income of ¥24,890 million, depreciation and amortization of ¥2,704 million, an ¥1,812 million decrease in franchisee receivables, a ¥1,647 million increase in trade payables and a ¥1,182 million decrease in inventories, partly offset by income taxes paid of ¥7,750 million.」
Operating cash flow increased by ¥9,564 million year on year, while decreases in franchisee receivables and inventories also contributed to the increase in cash flow. - FY2025-H1MitigatedAnnual report
「Cash provided by operating activities was ¥16,223 million, an increase of ¥10,434 million year on year. This was mainly attributable to interim pretax income of ¥12,171 million, a ¥3,143 million decrease in franchisee receivables, depreciation and amortization of ¥1,434 million, a ¥1,371 million decrease in inventories and a ¥1,006 million increase in trade payables, partly offset by income taxes paid of ¥3,686 million.」
Operating cash flow increased by ¥10,434 million year on year to ¥16,223 million, while decreases in franchisee receivables and inventories also contributed to the increase in cash flow. - FY2024-Q2WorsenedAnnual report
「Cash provided by operating activities was ¥5,789 million, a decrease of ¥2,071 million year on year. This was mainly attributable to pretax income of ¥12,245 million, depreciation and amortization of ¥1,314 million, a ¥501 million increase in accrued consumption taxes and other items and a ¥360 million increase in trade payables, partly offset by a ¥4,365 million increase in inventories, income taxes paid of ¥3,407 million and a ¥1,053 million increase in franchisee receivables.」
Operating cash flow decreased by ¥2,071 million from ¥7,860 million in the same period of the previous year to ¥5,789 million, and increases in inventories and franchisee receivables were factors reducing cash flow. - FY2023WorsenedAnnual report
「Cash provided by operating activities was ¥8,813 million, a decrease of ¥9,638 million year on year. This was mainly attributable to pretax income of ¥24,655 million, depreciation and amortization of ¥2,064 million and a ¥459 million increase in accounts payable and other liabilities, partly offset by income taxes paid of ¥9,149 million, a ¥6,663 million increase in inventories, a ¥1,514 million increase in franchisee receivables and a ¥780 million increase in trade receivables.」
Operating cash flow decreased from ¥18,451 million in the previous year to ¥8,813 million, and increases in inventories, franchisee receivables and trade receivables were factors reducing cash flow. - FY2023-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥7,860 million, an increase of ¥1,487 million year on year. This was mainly attributable to pretax income of ¥12,429 million, depreciation and amortization of ¥1,097 million and a ¥966 million decrease in franchisee receivables, partly offset by income taxes paid of ¥4,541 million, a ¥1,525 million increase in inventories and a ¥359 million decrease in accrued consumption taxes and other items.」
Operating cash flow increased by ¥1,487 million year on year to ¥7,860 million, while franchisee receivables also decreased by ¥966 million. Meanwhile, the increase in inventories was a factor reducing cash flow by ¥1,525 million. - FY2022WorsenedAnnual report
「Cash provided by operating activities was ¥18,451 million, a decrease of ¥2,867 million year on year. This was mainly attributable to pretax income of ¥27,313 million, depreciation and amortization of ¥1,797 million and a ¥1,050 million increase in trade payables, partly offset by income taxes paid of ¥9,530 million, a ¥1,184 million increase in inventories and a ¥903 million decrease in accrued consumption taxes and other items.」
Operating cash flow decreased from ¥21,319 million in the previous year to ¥18,451 million, and the increase in inventories was also a factor reducing cash flow. - FY2022-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥6,373 million, an increase of ¥1,846 million year on year. This was mainly attributable to pretax income of ¥1,280.5 million, a ¥947 million increase in trade payables and depreciation and amortization of ¥928 million, partly offset by income taxes paid of ¥5,179 million, a ¥1,268 million increase in franchisee receivables, a ¥1,050 million decrease in accrued consumption taxes and other items and a ¥701 million increase in inventories.」
Operating cash flow increased by ¥1,846 million year on year to ¥6,373 million, improving from the same period of the previous year. Meanwhile, increases in franchisee receivables and inventories were cited as factors contributing to the increase. - FY2021MitigatedAnnual report
「Cash provided by operating activities was ¥21,319 million, an increase of ¥14,629 million year on year. This was mainly attributable to pretax income of ¥25,356 million, a ¥1,790 million decrease in franchisee receivables, depreciation and amortization of ¥1,479 million and a ¥1,083 million increase in accrued consumption taxes and other items, partly offset by」
Operating cash flow increased by ¥14,629 million year on year to ¥21,319 million, while franchisee receivables also decreased by ¥1,790 million. - FY2021-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥4,527 million, an increase of ¥5,813 million year on year. This was mainly attributable to pretax income of ¥11,763 million, depreciation and amortization of ¥756 million, a ¥660 million decrease in franchisee receivables and a ¥320 million increase in trade payables, partly offset by income taxes paid of ¥4,355 million, a ¥3,644 million increase in inventories and a ¥500 million decrease in the provision for directors' retirement benefits.」
Operating cash flow improved from an outflow of ¥1,285 million in the same period of the previous year to an inflow of ¥4,527 million, while franchisee receivables also decreased by ¥660 million. - FY2020WorsenedAnnual report
「Cash generated from operating activities was ¥6,689 million, down ¥2,967 million year on year. This was primarily due to pretax net income of ¥20,095 million, depreciation and amortization of ¥1,205 million and a ¥500 million increase in the provision for directors’ retirement benefits, offset by a ¥6,452 million increase in inventories, ¥5,675 million in income taxes paid and a ¥4,685 million increase in loans to franchisees.」
Operating cash flow was ¥6,689 million, down ¥2,967 million year on year, with increases in inventories and loans to franchisees identified as factors reducing cash. - FY2020-Q3AdvancedAnnual report
「Current assets totaled ¥71,309 million, an increase of ¥9,712 million from the end of the previous fiscal year. This was mainly due to increases of ¥5,277 million in merchandise, ¥2,874 million in loans to franchisees and ¥1,389 million in cash and deposits.」
From the end of the previous fiscal year, merchandise increased by ¥5,277 million and loans to franchisees by ¥2,874 million, indicating increases in balances related to operating funds. - FY2020-Q2First statedAnnual report
「Cash used in operating activities was ¥1,285 million, compared with ¥3,353 million generated in the same quarter of the previous year. This was primarily due to pretax quarterly net income of ¥9,326 million, an ¥854 million increase in trade payables and a ¥654 million increase in accounts payable, offset by a ¥5,815 million increase in inventories, a ¥3,628 million increase in loans to franchisees and ¥3,049 million in income taxes paid.」
In the cumulative second quarter, operating cash flow was an outflow of ¥1,285 million, mainly due to increases in inventories and loans to franchisees.