Working Capital Risk from Long Collection Periods for Inspection and Measurement Equipment
First written in FY2016. 19 of 35 entries say "Mitigated", first in FY2019-Q1. Latest entry: 2026-07-31.
The whole theme swung hardest in 2025: 3 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-07-31MitigatedEarnings
「This was mainly due to increases of ¥132 million in merchandise and finished goods, ¥64 million in raw materials and supplies, ¥632 million in cash and deposits, and ¥488 million in electronically recorded monetary claims, partly reflecting progress in collecting accounts receivable, while notes and accounts receivable and contract assets decreased by ¥2,378 million and work in process decreased by ¥106 million.」
The disclosure showed decreases in accounts receivable and related items and an increase in cash and deposits, indicating a reduction in balances reflecting the working-capital burden associated with long collection periods for inspection and measurement equipment. - FY2026MitigatedAnnual report
「This was mainly due to a ¥213 million increase in the total of notes receivable, accounts receivable and contract assets and a ¥200 million increase in securities following the reclassification to current assets of part of the investment securities previously recorded under investments and other assets in non-current assets at the end of the previous consolidated fiscal year, partly offset by decreases of ¥206 million in cash and deposits, ¥363 million in electronically recorded monetary claims and ¥190 million in work in progress, among other factors.」
Electronically recorded monetary claims, work in progress and other items declined, reducing part of the balance indicating the working capital burden associated with extended collection periods for inspection and measurement equipment. - FY2026-H1MitigatedAnnual report
「This was mainly due to increases of ¥877 million in cash and deposits and ¥239 million in work in progress as collections for accounts receivable progressed, partly offset by a ¥3,225 million decrease in notes receivable, accounts receivable and contract assets, among other factors.」
Trade receivables and other items declined by ¥3,225 million and cash and deposits increased by ¥877 million, reducing the receivables balance indicating the working capital burden associated with extended collection periods. Meanwhile, work in progress increased by ¥239 million. - FY2025-H1MitigatedAnnual report
「This was mainly due to increases of ¥1,311 million in cash and deposits and ¥242 million in work in progress as collections for accounts receivable progressed, partly offset by a ¥3,959 million decrease in notes receivable, accounts receivable and contract assets, among other factors.」
Trade receivables and other items declined by ¥3,959 million and cash and deposits increased by ¥1,311 million, reducing the receivables balance indicating the working capital burden associated with extended collection periods. - FY2024MitigatedAnnual report
「This was mainly due to decreases of ¥1,102 million in work in progress and ¥75 million in raw materials and supplies, partly offset by increases of ¥791 million in cash and deposits and ¥629 million in the total of notes receivable, accounts receivable and contract assets, among other factors.」
Work in progress declined by ¥1,102 million and cash and deposits increased by ¥791 million. Although trade receivables and other items increased, the decline in inventories and increase in cash indicated a partial reduction in the working capital burden. - FY2024-Q3MitigatedAnnual report
「This was mainly due to increases of ¥1,506 million in cash and deposits, ¥200 million in securities following the reclassification to current assets of part of the investment securities previously recorded under investments and other assets in non-current assets, and ¥200 million in merchandise and finished goods as collections progressed for products sold toward the end of the previous consolidated fiscal year, partly offset by decreases of ¥1,901 million in notes receivable, accounts receivable and contract assets and ¥738 million in work in progress, among other factors.」
Collections for product sales progressed, reducing notes receivable, accounts receivable and contract assets by ¥1,901 million and work in progress by ¥738 million, and the balance indicating the working capital burden associated with extended collection periods declined. - FY2024-Q2MitigatedAnnual report
「This was mainly due to a ¥1,846 million increase in cash and deposits as collections for accounts receivable progressed, partly offset by decreases of ¥2,337 million in notes receivable, accounts receivable and contract assets, ¥39 million in merchandise and finished goods, ¥572 million in work in progress and ¥52 million in raw materials and supplies, among other factors.」
Trade receivables and other items declined by ¥2,337 million and work in progress by ¥572 million, while cash and deposits increased by ¥1,846 million, reducing the balance indicating the working capital burden associated with extended collection periods. - FY2024-Q1MitigatedAnnual report
「This was mainly due to increases of ¥610 million in cash and deposits and ¥83 million in merchandise and finished goods as collections for accounts receivable progressed, partly offset by decreases of ¥2,015 million in notes receivable, accounts receivable and contract assets and ¥317 million in work in progress, among other factors.」
Trade receivables and other items declined by ¥2,015 million and work in progress by ¥317 million, while cash and deposits increased by ¥610 million, reducing the balance indicating the working capital burden associated with extended collection periods. - FY2023Decrease in trade receivables and increase in inventories occurred concurrentlyAnnual report
「This was mainly due to a ¥277 million decrease in the total of notes receivable, accounts receivable and contract assets and a ¥300 million decrease in securities due to bond redemptions, partly offset by increases of ¥266 million in merchandise and finished goods, ¥1,388 million in work in progress and ¥462 million in raw materials and supplies, among other factors.」
Trade receivables and other items declined by ¥277 million, while inventories including merchandise, finished goods, work in progress and raw materials increased, and the balance representing the working capital burden continued to show mixed movements. - FY2023-Q3Receivables declined while inventories increasedAnnual report
「This was mainly due to a ¥2,483 million decrease in notes receivable, accounts receivable and contract assets as collections progressed for products sold toward the end of the previous consolidated fiscal year, partly offset by increases of ¥488 million in cash and deposits, ¥411 million in merchandise and finished goods, ¥1,786 million in work in progress and ¥459 million in raw materials and supplies as orders increased, among other factors.」
Trade receivables and other items declined by ¥2,483 million, while merchandise, finished goods, work in progress and raw materials increased as orders grew, and the balance representing the working capital burden continued to show mixed movements. - FY2023-Q2Receivables declined while inventories increasedAnnual report
「This was mainly due to increases of ¥853 million in cash and deposits, ¥191 million in merchandise and finished goods and ¥1,216 million in work in progress as collections for accounts receivable progressed and order backlog increased, partly offset by a ¥2,665 million decrease in notes receivable, accounts receivable and contract assets, among other factors.」
Trade receivables and other items declined by ¥2,665 million, while merchandise, finished goods and work in progress increased as the order backlog grew, indicating mixed movements in the balance representing the working capital burden. - FY2023-Q1Receivables declined while inventories increasedAnnual report
「This was mainly due to increases of ¥356 million in cash and deposits, ¥182 million in merchandise and finished goods and ¥946 million in work in progress as collections for accounts receivable progressed and order backlog increased, partly offset by a ¥2,243 million decrease in notes receivable, accounts receivable and contract assets, among other factors.」
Trade receivables and other items declined by ¥2,243 million, while merchandise, finished goods and work in progress increased as the order backlog grew, indicating mixed movements in the balance representing the working capital burden. - FY2022-Q3Receivables declined while inventories increasedAnnual report
「This was mainly due to a ¥1,959 million decrease in notes receivable, accounts receivable and contract assets as collections progressed for products sold toward the end of the previous consolidated fiscal year, partly offset by increases of ¥1,326 million in cash and deposits, ¥343 million in merchandise and finished goods and ¥571 million in work in progress as collections for accounts receivable progressed, among other factors.」
Trade receivables and other items declined by ¥1,959 million, while merchandise, finished goods and work in progress increased, indicating mixed movements in the balance representing the working capital burden associated with extended collection periods. - FY2022-Q2MitigatedAnnual report
「This was mainly due to a ¥2,062 million decrease in the total of notes receivable, accounts receivable and contract assets, among other factors.」
Trade receivables and other items declined by ¥2,062 million, reducing the balance indicating the working capital burden associated with the extended collection period for inspection and measurement equipment. - FY2022-Q1MitigatedAnnual report
「This was mainly due to increases of ¥553 million in cash and deposits and ¥195 million in work in progress as collections for accounts receivable progressed, partly offset by a ¥1,615 million decrease in the total of notes receivable, accounts receivable and contract assets, among other factors.」
Collections for accounts receivable progressed, reducing the total of notes receivable, accounts receivable and contract assets by ¥1,615 million. Work in progress increased by ¥195 million. - FY2021MitigatedAnnual report
「Current assets at the end of the fiscal year amounted to ¥20,813 million, a decrease of ¥844 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥407 million in cash and deposits as collections for accounts receivable progressed, partly offset by decreases of ¥209 million in merchandise and finished goods and ¥1,106 million in work in progress, among other factors.」
Cash increased as collections for accounts receivable progressed, while merchandise, finished goods and work in progress also declined, reducing the balance indicating the working capital burden associated with extended collection periods. - FY2021-Q3MitigatedAnnual report
「Current assets at the end of the third quarter of the consolidated fiscal year amounted to ¥20,364 million, a decrease of ¥1,294 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥918 million increase in cash and deposits as collections for accounts receivable progressed, partly offset by a ¥2,292 million decrease in notes and accounts receivable due to lower sales and progress in collecting payment for products sold toward the end of the previous consolidated fiscal year, among other factors.」
Collections for accounts receivable progressed, reducing notes and accounts receivable by ¥2,292 million. The balance indicating the working capital burden associated with extended collection periods declined from the end of the previous consolidated fiscal year. - FY2021-Q2MitigatedAnnual report
「This was mainly due to a ¥1,079 million increase in cash and deposits as collections for accounts receivable progressed, partly offset by a ¥3,222 million decrease in notes and accounts receivable due to lower sales and progress in collecting payment for products sold toward the end of the previous consolidated fiscal year, among other factors.」
Collections for accounts receivable progressed, reducing notes and accounts receivable by ¥3,222 million, and the balance indicating the working capital burden associated with extended collection periods declined. - FY2021-Q1Accounts receivable declined while work in progress increased due to deferred customer acceptanceAnnual report
「This was mainly due to a ¥533 million increase in cash and deposits and a ¥3,065 million decrease in notes and accounts receivable as collections for accounts receivable progressed, among other factors, while work in progress increased by ¥307 million because customer acceptance was deferred.」
The collection burden declined as accounts receivable decreased, while work in progress increased by ¥307 million because customer acceptance was deferred. - FY2020MitigatedAnnual report
「Current assets at the end of the fiscal year amounted to ¥21,658 million, a decrease of ¥2,378 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥1,518 million in cash and deposits, ¥224 million in notes and accounts receivable and ¥617 million in work in progress, among other factors.」
Trade receivables declined by ¥224 million and work in progress by ¥617 million, reducing from the end of the previous fiscal year the balance indicating the working capital burden associated with extended collection periods. - FY2020-Q3MitigatedAnnual report
「Current assets at the end of the third quarter of the consolidated fiscal year amounted to ¥21,144 million, a decrease of ¥2,893 million from the end of the previous consolidated fiscal year. This was mainly due to decreases of ¥1,085 million in cash and deposits and ¥2,026 million in notes and accounts receivable as collections progressed for products sold toward the end of the previous consolidated fiscal year, partly offset by a ¥356 million increase in merchandise and finished goods, among other factors.」
Collections for product sales progressed, reducing notes and accounts receivable by ¥2,026 million. Merchandise and finished goods increased by ¥356 million. - FY2020-Q2MitigatedAnnual report
「This was mainly due to a ¥529 million increase in cash and deposits, a ¥2,302 million decrease in notes and accounts receivable as collections progressed for products sold toward the end of the previous consolidated fiscal year, and a ¥270 million decrease in work in progress, among other factors.」
Collections for product sales progressed, reducing notes and accounts receivable by ¥2,302 million and work in progress by ¥270 million, and the balance indicating the working capital burden associated with extended collection periods declined. - FY2020-Q1MitigatedAnnual report
「This was mainly due to a ¥574 million increase in cash and deposits and a ¥1,607 million decrease in notes and accounts receivable as collections progressed for products sold toward the end of the previous consolidated fiscal year, among other factors.」
Collections for product sales progressed, reducing notes and accounts receivable by ¥1,607 million, and the balance indicating the working capital burden associated with extended collection periods declined from the end of the previous fiscal year. - FY2019Trade receivables increased while inventories declinedAnnual report
「Current assets at the end of the fiscal year amounted to ¥24,037 million, a decrease of ¥997 million from the end of the previous fiscal year. This was mainly due to an ¥841 million increase in notes and accounts receivable, partly offset by decreases of ¥1,607 million in cash and deposits and ¥233 million in merchandise and finished goods, among other factors.」
Trade receivables increased by ¥841 million, while cash and deposits declined by ¥1,607 million and merchandise and finished goods declined by ¥233 million. These movements were mixed with respect to the working capital burden associated with extended collection periods. - FY2019-Q3Collections progressed while work in progress increasedAnnual report
「This was mainly due to a ¥645 million increase in work in progress, including work in progress related to inspection and measurement systems scheduled for delivery in the future, partly offset by decreases of ¥527 million in cash and deposits and ¥1,203 million in notes and accounts receivable as collections progressed for products sold toward the end of the previous consolidated fiscal year, among other factors.」
While accounts receivable declined as collections for product sales progressed, work in progress related to inspection and measurement systems scheduled for future delivery increased by ¥645 million. - FY2019-Q2MitigatedAnnual report
「This was mainly due to a ¥486 million decrease in cash and deposits and a ¥1,319 million decrease in notes and accounts receivable as collections progressed for products sold toward the end of the previous consolidated fiscal year, among other factors.」
Collections for product sales progressed, reducing notes and accounts receivable by ¥1,319 million, and the balance indicating the working capital burden associated with extended collection periods declined. - FY2019-Q1MitigatedAnnual report
「This was mainly due to a ¥1,390 million decrease in notes and accounts receivable as collections progressed for products sold toward the end of the previous consolidated fiscal year, and a ¥395 million decrease in work in progress, mainly due to increased sales of inspection and measurement systems and other products during the current quarter.」
Collections for product sales progressed, reducing notes and accounts receivable and work in progress, and the balance indicating the working capital burden associated with extended collection periods declined from the end of the previous fiscal year. - FY2018MaterialisedAnnual report
「Current assets at the end of the fiscal year amounted to ¥25,452 million, an increase of ¥1,757 million from the end of the previous fiscal year. This was mainly due to increases of ¥247 million in merchandise and finished goods related to products awaiting sale and ¥1,392 million in work in progress, partly offset by a ¥472 million decrease in cash and deposits. Cash provided by operating activities amounted to ¥1,271 million, down ¥1,675 million from the previous fiscal year.」
Inventories, including work in progress, increased, while cash flows from operating activities declined from the previous year. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or significant change was identified regarding the working capital risk from the extended collection period for inspection and measurement equipment. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or significant change was identified regarding the working capital risk from the extended collection period for inspection and measurement equipment. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or significant change was identified regarding the working capital risk from the extended collection period for inspection and measurement equipment. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or significant change was identified regarding the working capital risk from the extended collection period for inspection and measurement equipment. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or significant change was identified regarding the working capital risk from the extended collection period for inspection and measurement equipment. - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or significant change was identified regarding the working capital risk from the extended collection period for inspection and measurement equipment. - FY2016First statedAnnual report
「Because, as an industry practice, the period from delivery to customer acceptance of inspection and measurement systems in the inspection and measurement equipment business is longer than in the Group's other businesses, inventory in this business tends to increase when sales expand rapidly. This in turn increases working capital and may cause unusual fluctuations in cash flows from operating activities.」
Cash flows from operating activities amounted to an outflow of ¥1,248 million in the current fiscal year, while trade receivables and inventories also increased.