Negative operating cash flow due to an increase in trade receivables
First written in FY2018-Q2. 12 of 23 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-10-14.
The whole theme swung hardest in 2022: 9 of 32 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- 2026-10-14WorsenedEarnings
「Cash flows used in operating activities amounted to ¥14 million (compared with ¥251 million provided in the same period of the previous year).」
Cash flows from operating activities deteriorated from cash provided in the same period of the previous year to cash used, due to increases in trade receivables and inventories and payments of corporate income taxes. - FY2027-H1WorsenedAnnual report
「Cash used in operating activities amounted to ¥14 million, compared with ¥251 million generated in the same period of the previous year. This reflected, among other factors, an increase of ¥710 million in trade receivables, an increase of ¥382 million in inventories, and income taxes paid of ¥384 million, partly offset by interim net profit before income taxes of ¥1,037 million and an increase of ¥562 million in trade payables.」
Cash flow from operating activities deteriorated from ¥251 million generated in the same period of the previous year to ¥14 million used, due to increases in trade receivables and inventories and income tax payments. - FY2026MitigatedAnnual report
「Cash flows from operating activities amounted to ¥835 million (compared with ¥657 million provided in the same period of the previous year).」
Cash flow from operating activities improved from ¥657 million in the previous year to ¥835 million. However, the cash burden from increases of ¥855 million in trade receivables and ¥326 million in inventories remained. - 2026-04-14MitigatedRevisions to earnings forecasts
「Cash flows from operating activities amounted to ¥835 million (compared with ¥657 million provided in the same period of the previous year).」
Cash flows from operating activities improved from ¥657 million to ¥835 million. However, the increase of ¥855 million in trade receivables and ¥326 million in inventories continued to tie up funds. - FY2026-H1MitigatedAnnual report
「Cash provided by operating activities was ¥251 million (compared with ¥60 million used in the same period of the previous year).」
Although the cash burden from increases of ¥501 million in trade receivables and ¥299 million in inventories remained, cash flow from operating activities improved from ¥60 million used in the same period of the previous year to ¥251 million provided. - FY2025WorsenedAnnual report
「Cash provided by operating activities was ¥657 million (compared with ¥1,071 million provided in the same period of the previous year). This was mainly due to profit before income taxes of ¥1,261 million, among other factors, although this was partly offset by a ¥243 million increase in trade receivables and ¥486 million in income taxes paid, among other factors.」
Cash flow from operating activities decreased from ¥1,071 million in the previous year to ¥657 million. The ¥243 million increase in trade receivables and ¥486 million in income taxes paid offset cash inflows. - FY2025-H1WorsenedAnnual report
「Cash used in operating activities was ¥60 million (compared with ¥480 million provided in the same period of the previous year). This mainly reflected a ¥646 million increase in trade receivables, ¥107 million in other payments in operating activities, and ¥298 million in income taxes paid, although these were partly offset by interim profit before income taxes of ¥590 million and a ¥370 million increase in accounts payable, among other factors.」
Cash flow from operating activities deteriorated from ¥480 million provided in the same period of the previous year to ¥60 million used, mainly due to a ¥646 million increase in trade receivables. - FY2024MitigatedAnnual report
「Cash provided by operating activities was ¥1,071 million (compared with ¥87 million used in the same period of the previous year).」
Cash flow from operating activities improved from ¥87 million used in the previous year to ¥1,071 million provided. The cash burden from increases of ¥156 million in trade receivables and ¥135 million in inventories remained. - FY2024-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥480 million (compared with ¥341 million used in the same period of the previous year).」
Although the cash burden from increases of ¥283 million in trade receivables and ¥140 million in inventories remained, cash flow from operating activities improved from ¥341 million used in the same period of the previous year to ¥480 million provided. - FY2023WorsenedAnnual report
「Cash used in operating activities was ¥87 million (compared with ¥389 million provided in the previous fiscal year). This was mainly due to an increase of ¥558 million in trade receivables, although this was partly offset by profit before income taxes of ¥549 million, among other factors.」
Due to the ¥558 million increase in trade receivables, cash flow from operating activities deteriorated from ¥389 million provided in the previous fiscal year to ¥87 million used. - FY2023-Q2WorsenedAnnual report
「Cash used in operating activities was ¥341 million (compared with ¥0 million used in the same period of the previous year). This mainly reflected a ¥532 million increase in trade receivables and a ¥105 million increase in inventories, although these were partly offset by profit before income taxes of ¥344 million and a ¥120 million increase in accounts payable, among other factors.」
Cash flow from operating activities deteriorated from ¥0 million used in the same period of the previous year to ¥341 million used, due to increases of ¥532 million in trade receivables and ¥105 million in inventories, among other factors. - FY2023-Q1WorsenedAnnual report
「This was mainly due to increases of ¥374 million in notes receivable, accounts receivable and contract assets (notes receivable and accounts receivable at the end of the previous consolidated fiscal year) and ¥79 million in “Other” current assets, although this was partly offset by a ¥235 million decrease in cash and deposits.」
Notes receivable, accounts receivable and contract assets increased by ¥374 million, while cash and deposits decreased by ¥235 million, increasing the cash burden from trade receivables and other items. - FY2022WorsenedAnnual report
「Cash provided by operating activities was ¥389 million (compared with ¥427 million provided in the same period of the previous year). This was mainly due to, among other factors, although partly offset by a ¥140 million increase in trade receivables」
Cash flow from operating activities remained positive but decreased from ¥427 million in the previous year to ¥389 million, with the ¥140 million increase in trade receivables offsetting cash generation. - FY2022-Q3WorsenedAnnual report
「This was mainly due to increases of ¥316 million in notes and accounts receivable and ¥130 million in “Other” current assets, although this was partly offset by a ¥136 million decrease in cash and deposits.」
Notes and accounts receivable increased by ¥316 million, further increasing the cash burden from the increase in trade receivables at the end of the third quarter. - FY2022-Q2WorsenedAnnual report
「Cash used in operating activities was ¥0 million (compared with ¥6 million provided in the same period of the previous year). This mainly reflected a ¥224 million increase in trade receivables and ¥85 million in “Other” cash flow from operating activities, although these were partly offset by profit before income taxes of ¥212 million and a ¥73 million decrease in inventories, among other factors.」
Cash flow from operating activities changed from ¥6 million provided in the same period of the previous year to ¥0 million used, mainly due to a ¥224 million increase in trade receivables. - FY2021MitigatedAnnual report
「Cash provided by operating activities was ¥427 million (compared with ¥362 million provided in the same period of the previous year). This was mainly due to a ¥299 million decrease in trade receivables and profit before income taxes of ¥230 million, among other factors.」
Cash flow from operating activities increased from ¥362 million in the previous year to ¥427 million, with the decrease in trade receivables contributing to cash generation. - FY2021-Q2MitigatedAnnual report
「Cash provided by operating activities was ¥6 million (compared with ¥96 million used in the same period of the previous year).」
Cash flow from operating activities improved from ¥96 million used in the same period of the previous year to ¥6 million provided. Negative factors remained, including a ¥97 million increase in inventories and a ¥50 million decrease in accounts payable. - FY2020WorsenedAnnual report
「Cash provided by operating activities was ¥362 million (compared with ¥671 million provided in the same period of the previous year). This was mainly due to profit before income taxes of ¥611 million, among other factors, although this was partly offset by a ¥130 million increase in trade receivables, among other factors.」
Cash flow from operating activities remained positive but decreased from ¥671 million in the previous year to ¥362 million. Trade receivables increased by ¥130 million. - FY2020-Q2WorsenedAnnual report
「Cash used in operating activities was ¥96 million (compared with ¥122 million provided in the same period of the previous year). This mainly reflected increases of ¥308 million in trade receivables, ¥96 million in other payments in operating activities (including a ¥57 million decrease in accounts payable), and ¥95 million in income taxes paid, although these were partly offset by profit before income taxes of ¥302 million and a ¥105 million increase in accounts payable, among other factors.」
Cash flow from operating activities changed from ¥122 million provided in the same period of the previous year to ¥96 million used, mainly due to a ¥308 million increase in trade receivables. - FY2019MitigatedAnnual report
「Cash generated from operating activities was ¥671 million, compared with ¥180 million generated in the previous fiscal year. This was mainly attributable to pretax net income of ¥791 million, although partly offset by increases of ¥110 million in trade receivables and ¥66 million in inventories, among other factors.」
Despite increases in trade receivables and inventories, cash flow from operating activities increased from ¥180 million in the previous fiscal year to ¥671 million. - FY2019-Q2MitigatedAnnual report
「Cash generated from operating activities was ¥122 million, compared with ¥90 million used in the same period of the previous year. This mainly reflected pretax quarterly net income of ¥448 million and an increase of ¥134 million in trade payables, partly offset by increases of ¥334 million in trade receivables and ¥122 million in inventories, among other factors.」
Despite increases in trade receivables and inventories, cash flow from operating activities improved from ¥90 million used in the same period of the previous year to ¥122 million generated. - FY2018MitigatedAnnual report
「Cash generated from operating activities was ¥180 million, compared with ¥369 million generated in the same period of the previous year. This was mainly attributable to pretax net income of ¥494 million, although partly offset by an increase of ¥283 million in trade receivables and a ¥133 million gain on sale of fixed assets, among other factors.」
Although trade receivables increased by ¥283 million, full-year cash flow from operating activities was positive at ¥180 million, compared with negative cash flow in the second quarter. - FY2018-Q2First statedAnnual report
「Cash used in operating activities was ¥90 million, compared with ¥183 million generated in the same period of the previous year. This mainly reflected an increase of ¥369 million in trade receivables, partly offset by pretax quarterly net income of ¥174 million and an increase of ¥118 million in trade payables, among other factors.」
Due in part to the ¥369 million increase in trade receivables, cash flow from operating activities changed from ¥183 million generated in the same period of the previous year to ¥90 million used.