Decrease in Operating Cash Flow Due to Investment in New Product Inventory
First written in FY2019-Q3. 3 of 20 entries say "Worsened", first in FY2019. Latest entry: 2026-05-26.
Seed 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 2022: 5 of 26 companies on the "Worse" side.
17 other companies' latest entry also says "Other".
- FY2025Full-year decline in operating cash flowAnnual report
「Cash provided by operating activities was ¥2,978 million, compared with ¥6,023 million provided in the same period of the previous year.」
Operating cash flow remained positive but declined from ¥6,023 million in the same period of the previous year to ¥2,978 million, partly due to the effects of capital expenditures and tax payments. - FY2025-H1Decline in operating cash flowAnnual report
「Cash provided by operating activities was ¥1,750 million, compared with ¥3,078 million provided in the same period of the previous year.」
Operating cash flow remained positive but declined from ¥3,078 million in the same period of the previous year to ¥1,750 million. - FY2024-Q2Increase in operating cash flowAnnual report
「Cash provided by operating activities was ¥3,078 million, compared with ¥1,307 million provided in the same period of the previous year. Cash increased due to profit before income taxes for the quarter of ¥1,344 million, depreciation of ¥1,263 million and a ¥306 million decrease in inventories.」
Operating cash flow increased from ¥1,307 million in the same period of the previous year to ¥3,078 million, with profit, depreciation and the decrease in inventories contributing to the increase in cash. - FY2023Full-year operating cash flow increasedAnnual report
「Cash provided by operating activities was ¥3,346 million, compared with ¥3,266 million provided in the same period of the previous year. This was mainly due to depreciation of ¥2,584 million and a ¥500 million decrease in inventories as sales commenced for inventories built up for the launch of new products in the fiscal year ending March 2022.」
Operating cash flow was ¥3,346 million, up from ¥3,266 million in the previous year. The decrease in inventories as sales of the stocked products commenced contributed to the increase in cash. - FY2023-Q2Operating cash flow remained positive but declinedAnnual report
「Cash provided by operating activities was ¥1,307 million, compared with ¥2,432 million provided in the same period of the previous year. This was mainly due to profit before income taxes for the quarter of ¥446 million and depreciation of ¥1,273 million. Factors reducing cash included an ¥848 million increase in inventories for preparations to stock new products and ¥249 million in income tax payments.」
Operating cash flow remained positive at ¥1,307 million but declined from ¥2,432 million in the same period of the previous year, with the ¥848 million increase in inventories for preparations to stock new products reducing cash. - FY2022Full-year operating cash flow remained positive but declinedAnnual report
「Cash provided by operating activities was ¥3,266 million, compared with ¥3,690 million provided in the same period of the previous year.」
Operating cash flow was ¥3,266 million provided, but declined from ¥3,690 million in the same period of the previous year. - FY2022-Q3Operating cash flow continues to increaseAnnual report
「Cash provided by operating activities was ¥3,058 million, compared with ¥1,824 million provided in the same period of the previous year. Cash increased mainly due to profit before income taxes for the quarter of ¥1,208 million and depreciation of ¥2,066 million.」
Operating cash flow increased from ¥1,824 million in the same period of the previous year to ¥3,058 million. - FY2022-Q2Substantial Increase in Cash Flow from Operating ActivitiesAnnual report
「Cash provided by operating activities was ¥2,432 million, compared with ¥307 million provided in the same period of the previous year. Cash increased mainly due to profit before income taxes for the quarter of ¥658 million and depreciation of ¥1,342 million. Factors reducing cash included a ¥427 million increase in inventories and ¥182 million in income tax payments.」
Operating cash flow increased substantially from ¥307 million in the same period of the previous year to ¥2,432 million. Inventories increased by ¥427 million, but pretax profit and depreciation contributed to the increase in cash. - FY2022-Q1Turning Operating Cash Flow PositiveAnnual report
「Cash provided by operating activities was ¥1,598 million, compared with ¥679 million used in the same period of the previous year.」
Operating cash flow shifted from ¥679 million used in the same period of the previous year to ¥1,598 million provided. - FY2021-Q3Operating cash flow remained positive but declinedAnnual report
「Cash provided by operating activities was ¥1,824 million, compared with ¥2,143 million provided in the same period of the previous year.」
Operating cash flow was ¥1,824 million provided, but declined from ¥2,143 million in the same period of the previous year. - FY2021-Q2Operating cash flow remained positive but declined year on yearAnnual report
「Cash provided by operating activities was ¥307 million, compared with ¥955 million provided in the same period of the previous year.」
Operating cash flow was ¥307 million provided, but declined from ¥955 million in the same period of the previous year. The buildup of raw materials, supplies and finished-goods inventories, purchases of Toray products for inventory, and initial inventories for new products reduced cash. - FY2021-Q1WorsenedAnnual report
「Cash used in operating activities was ¥679 million, compared with ¥111 million provided in the same period of the previous year.」
Operating cash flow shifted from ¥111 million provided in the same period of the previous year to ¥679 million used, due to lower sales and the buildup of inventories. - FY2020Full-Year Operating Cash Flow Returned to PositiveAnnual report
「Cash provided by operating activities was ¥3,897 million, compared with ¥170 million used in the same period of the previous year.」
Operating cash flow, which had turned negative in the previous fiscal year due to the impact of initial inventories for new products, shifted to ¥3,897 million provided for the full year. - FY2020-Q3Operating cash flow turned positive and continued to improveAnnual report
「Cash provided by operating activities was ¥2,143 million, compared with ¥575 million used in the same period of the previous year. Despite a ¥950 million decrease in advances related to inventory for outsourced overseas manufacturing and a slight increase in inventories, cash increased mainly due to profit before income taxes for the quarter of ¥880 million and depreciation of ¥1,951 million.」
Operating cash flow shifted from ¥575 million used in the same period of the previous year to ¥2,143 million provided, and continued to improve. - FY2020-Q2Improvement in operating cash flowAnnual report
「Cash provided by operating activities was ¥955 million, compared with ¥513 million in the same period of the previous year. Despite an ¥868 million increase in trade receivables associated with higher sales, a ¥1,156 million decrease in advances related to inventory for outsourced overseas manufacturing, and a slight increase in inventories, cash increased mainly due to profit before income taxes for the quarter of ¥721 million and depreciation of ¥1,227 million.」
Operating cash flow increased from ¥513 million in the same period of the previous year to ¥955 million. Inventories increased slightly, but the decrease in advances paid and other factors contributed to the increase in cash. - FY2020-Q1WorsenedAnnual report
「Cash provided by operating activities was ¥111 million, compared with ¥556 million provided in the same period of the previous year. Although the ¥1,328 million increase in inventories reduced cash, cash increased due to a ¥642 million decrease in advances paid, a ¥559 million increase in accounts payable and ¥590 million in depreciation.」
Inventories increased by ¥1,328 million in connection with new product launches and other factors, and operating cash flow declined from ¥556 million in the same period of the previous year to ¥111 million. - FY2019Operating cash flow turned negative due to the increase in initial inventoryAnnual report
「Cash used in operating activities was ¥170 million, compared with ¥3,012 million provided in the same period of the previous year. Although profit before income taxes for the year of ¥1,551 million and depreciation of ¥2,273 million increased cash, cash declined due to a ¥2,270 million increase in inventories, mainly reflecting higher initial inventories for new products and renewed existing products, and ¥920 million in income tax payments.」
Initial inventories for new and renewed products reached ¥2,270 million, and operating cash flow shifted from cash provided in the previous year to ¥170 million used. - FY2019-Q3First statedAnnual report
「Cash used in operating activities was ¥575 million, compared with ¥2,165 million provided in the same period of the previous year. Although profit before income taxes for the quarter of ¥1,355 million and depreciation of ¥1,591 million increased cash, cash declined due to a ¥1,454 million increase in inventories and ¥920 million in income tax payments.」
Operating cash flow shifted from ¥2,165 million provided in the same period of the previous year to ¥575 million used, with the ¥1,454 million increase in inventories associated with the launch of new products among the factors reducing cash.