Securing Liquidity by Reducing Outstanding Receivables and Inventory
First written in FY2016. 11 of 39 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2026.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Cash used in operating activities during the fiscal year was ¥1,045 million (cash used of ¥261 million in the previous fiscal year). The main factors were increases of ¥260 million in trade receivables and ¥285 million in inventories and a ¥498 million decrease in accounts payable, despite income before income taxes of ¥235 million and depreciation of ¥119 million, among other items.」
The operating cash flow deficit expanded from ¥261 million to ¥1,045 million. Increases in inventory and trade receivables and a decrease in accounts payable are weighing on liquidity. - FY2026-H1Continued operating cash flow deficit and increase in inventoryAnnual report
「Cash used in operating activities during the six months ended the interim period was ¥763 million (cash used of ¥771 million in the same period of the previous year). The main factors were an increase in inventories and a decrease in accounts payable. As a result, cash outflows decreased by ¥8 million year on year.」
Although the operating cash flow deficit narrowed by ¥8 million from the same period of the previous year, cash outflows of ¥763 million continued due to an increase in inventories and a decrease in accounts payable, leaving inventory and liquidity issues unresolved. - FY2025WorsenedAnnual report
「Cash used in operating activities during the fiscal year was ¥261 million (cash provided of ¥274 million in the previous fiscal year). The main factors were an increase in inventories and a decrease in accounts payable.」
Inventories increased by ¥147 million, and operating cash flow changed from cash provided of ¥274 million to cash used of ¥261 million. Cash and cash equivalents also decreased by ¥611 million. - FY2025-H1WorsenedAnnual report
「Cash used in operating activities during the six months ended the interim period was ¥771 million (cash provided of ¥212 million in the same period of the previous year). The main factors were an increase in inventories and a decrease in accounts payable. As a result, cash outflows increased by ¥983 million year on year.」
Operating cash flow deteriorated from cash provided of ¥212 million in the same period of the previous year to cash used of ¥771 million due to an increase in inventories and a decrease in accounts payable, and cash and cash equivalents also decreased by ¥856 million. - FY2024Operating cash flow decreased, while receivables and inventory were reducedAnnual report
「Cash provided by operating activities during the fiscal year increased by ¥274 million (up ¥417 million in the previous fiscal year). The main factor was that cash inflows from decreases of ¥196 million in trade receivables and ¥36 million in inventories exceeded the ¥67 million cash outflow from the decrease in accounts payable.」
Operating cash flow increased by ¥274 million due to decreases of ¥196 million in trade receivables and ¥36 million in inventories, but was down from ¥417 million in the previous fiscal year. - FY2024-Q3Concurrent decrease in receivables and increase in inventoryAnnual report
「At the end of the third quarter, total assets increased by ¥550 million from the end of the previous fiscal year to ¥26,358 million, mainly due to a ¥1,014 million decrease in notes and accounts receivable under current assets and a ¥1,276 million increase in investment securities under investments and other assets due to fair-value measurement and other factors.」
Notes and accounts receivable decreased by ¥1,014 million, while inventories increased from ¥1,789 million to ¥1,865 million, so movements to reduce receivables and inventory were not uniform. - FY2024-Q2Concurrent improvement in operating cash flow and increase in inventoryAnnual report
「Cash provided by operating activities during the six months ended the second quarter increased by ¥212 million (cash used of ¥137 million in the same period of the previous year). The main factor was progress in collecting trade receivables outstanding from the previous period, despite an increase in inventories and a decrease in accounts payable.」
Operating cash flow improved from cash used of ¥137 million in the same period of the previous year to cash provided of ¥212 million as collections of trade receivables progressed. However, inventories increased and accounts payable decreased. - FY2024-Q1Concurrent decrease in receivables, increase in inventory and decrease in cashAnnual report
「At the end of the first quarter, total assets increased by ¥196 million from the end of the previous fiscal year to ¥26,004 million, mainly due to a ¥616 million decrease in notes and accounts receivable and a ¥773 million increase in investment securities under investments and other assets from fair-value measurement.」
Trade receivables decreased by ¥616 million, while inventories increased and cash and deposits decreased by ¥50 million. Receivables were reduced, but movements to secure liquidity were not uniform. - FY2023AdvancedAnnual report
「Cash provided by operating activities during the fiscal year increased by ¥417 million (up ¥45 million in the previous fiscal year). The main factor was that cash inflows from decreases in trade receivables and inventories exceeded the cash outflow from payments of accounts payable.」
Operating cash flow improved from an increase of ¥45 million to an increase of ¥417 million due to decreases in trade receivables and inventories. - FY2023-Q3AdvancedAnnual report
「Current assets increased by ¥235 million from the end of the previous fiscal year. This was due to a ¥1,113 million increase in cash and deposits, and decreases of ¥765 million in notes and accounts receivable and ¥234 million in inventories.」
Cash and deposits increased by ¥1,113 million, while trade receivables decreased by ¥765 million and inventories decreased by ¥234 million. Receivables and inventory were reduced while cash increased at the same time. - FY2023-Q2Concurrent narrowing of the operating cash flow deficit and increase in trade receivablesAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥137 million (cash used of ¥914 million in the same period of the previous year). The main factors were a decrease in inventories following the end of the licence agreement and an increase in trade receivables that exceeded a slight increase in accounts payable.」
The decrease in operating cash flow narrowed from ¥914 million in the same period of the previous year to ¥137 million. Inventories decreased following the end of the licence agreement, while trade receivables increased. - FY2023-Q1Concurrent decrease in receivables, increase in inventory and decrease in cashAnnual report
「At the end of the first quarter, total assets decreased by ¥865 million from the end of the previous fiscal year to ¥25,658 million. This was due to a ¥611 million decrease in notes and accounts receivable, the sale of fixed assets, including retail stores and sales facilities, that were no longer needed after the Ralph Lauren Home Collection licence agreement ended at the end of the previous fiscal year, and a ¥244 million decrease in buildings and structures, among other factors.」
Trade receivables decreased by ¥611 million, while cash and deposits decreased by ¥159 million and inventories increased by ¥49 million. Movements to secure liquidity were not uniform. - FY2022WorsenedAnnual report
「Cash provided by operating activities during the fiscal year increased by ¥45 million (up ¥894 million in the previous fiscal year). The main factors were smaller decreases in trade receivables and accounts payable than in the previous fiscal year, together with an increase in inventories.」
The increase in operating cash flow narrowed substantially from ¥894 million to ¥45 million, and cash and cash equivalents also decreased by ¥532 million. Although inventories decreased, progress in improving cash efficiency and securing liquidity weakened. - FY2022-Q3WorsenedAnnual report
「At the end of the third quarter, total assets were ¥26,209 million (¥27,237 million at the end of the previous fiscal year), mainly reflecting cash and deposits of ¥1,731 million (¥2,359 million at the end of the previous fiscal year) and notes and accounts receivable of ¥1,779 million (¥2,477 million at the end of the previous fiscal year).」
Although trade receivables decreased, cash and deposits also decreased, while inventories increased from ¥2,381 million to ¥2,732 million. Movements to reduce receivables and inventory to secure liquidity were not uniform. - FY2022-Q2WorsenedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥914 million (cash used of ¥479 million in the same period of the previous year). The main factors were an increase in inventories and a decrease in accounts payable, despite a decrease in trade receivables. As a result, cash outflows increased by ¥435 million year on year.」
Although trade receivables decreased, the increase in inventories and decrease in accounts payable expanded the decrease in operating cash flow from ¥479 million in the same period of the previous year to ¥914 million. - FY2022-Q1Concurrent decrease in receivables and increase in inventoryAnnual report
「At the end of the first quarter, total assets were ¥25,653 million (¥27,237 million at the end of the previous fiscal year), mainly reflecting cash and deposits of ¥1,639 million (¥2,359 million at the end of the previous fiscal year) and notes and accounts receivable of ¥1,415 million (¥2,477 million at the end of the previous fiscal year).」
Notes and accounts receivable decreased by ¥1,062 million, while cash and deposits decreased by ¥720 million and inventories increased from ¥2,381 million to ¥2,830 million. Movements to secure liquidity were not uniform. - FY2021-Q3AdvancedAnnual report
「At the end of the third quarter, total assets decreased by ¥116 million from the end of the previous fiscal year to ¥26,003 million. This was due to a ¥525 million increase in cash and deposits, a ¥912 million decrease in notes and accounts receivable, and a ¥279 million increase in investment securities under investments and other assets due to fair-value measurement and other factors.」
Cash and deposits increased by ¥525 million and notes and accounts receivable decreased by ¥912 million. No quarterly consolidated statement of cash flows was prepared. - FY2021-Q2Concurrent decreases in receivables and inventory and deterioration in operating cash flowAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥479 million (cash used of ¥145 million in the same period of the previous year). The main factor was that the decrease in accounts payable exceeded the decreases in both trade receivables and inventories. Purchases during the period were lower than usual due in part to the impact of COVID-19, while payments to suppliers substantially exceeded purchases.」
Although trade receivables and inventory decreased, the decrease in accounts payable was larger, expanding the decrease in operating cash flow from ¥145 million in the same period of the previous year to ¥479 million. - FY2021-Q1AdvancedAnnual report
「At the end of the first quarter, total assets decreased by ¥851 million from the end of the previous fiscal year to ¥25,267 million, mainly because cash and deposits increased by ¥589 million, while notes and accounts receivable decreased by ¥1,458 million and electronically recorded monetary claims decreased by ¥12 million. This was due to progress in collecting trade receivables outstanding at the end of the previous fiscal year, which increased cash and deposits.」
As collections of trade receivables progressed, cash and deposits increased by ¥589 million and notes and accounts receivable decreased by ¥1,458 million. The reduction in receivables to secure liquidity progressed. - FY2020WorsenedAnnual report
「Cash used in operating activities during the fiscal year was ¥648 million (cash provided of ¥928 million in the previous fiscal year). The main factors were a ¥711 million increase in inventories and a ¥584 million decrease in accounts payable. This was because purchases for large projects in the Uniform Business Division preceded the related sales.」
Operating cash flow changed from cash provided of ¥928 million in the previous fiscal year to cash used of ¥648 million due to an increase in inventory and a decrease in accounts payable. Liquidity from inventory reduction has deteriorated. - FY2020-Q3WorsenedAnnual report
「At the end of the third quarter, total assets decreased by ¥607 million from the end of the previous fiscal year to ¥27,123 million. This was due to decreases of ¥599 million in cash and deposits and ¥1,211 million in notes and accounts receivable, an increase of ¥994 million in inventories, and a ¥138 million increase in investment securities under investments and other assets due to fair-value measurement and other factors.」
Trade receivables decreased by ¥1,211 million, while inventories increased by ¥994 million and cash and deposits also decreased by ¥599 million. The increase in inventory exceeded the decrease from collections of receivables, and inventory reduction to secure liquidity has not progressed. - FY2020-Q2WorsenedAnnual report
「Cash used in operating activities during the six months ended the second quarter was ¥145 million (cash provided of ¥529 million in the same period of the previous year). The main factor was an increase in inventories, despite a decrease in trade receivables and an increase in accounts payable. As a result, cash outflows increased by ¥675 million year on year.」
Although trade receivables decreased, operating cash flow changed from cash provided of ¥529 million in the same period of the previous year to cash used of ¥145 million due to an increase in inventories. Inventory reduction to secure liquidity has not progressed. - FY2020-Q1Decrease in trade receivables, increase in inventory and decrease in cashAnnual report
「At the end of the first quarter, total assets decreased by ¥646 million from the end of the previous fiscal year to ¥27,084 million, mainly because inventories increased by ¥667 million, cash and deposits decreased by ¥328 million, and notes and accounts receivable decreased by ¥884 million.」
Trade receivables decreased by ¥884 million, while inventories increased by ¥667 million and cash and deposits decreased by ¥328 million. Movements in receivables and inventory were not uniform. - FY2019Decrease in trade receivables, increase in inventory and improvement in operating cash flowAnnual report
「Cash provided by operating activities at the end of the fiscal year increased by ¥928 million (up ¥280 million in the previous fiscal year). This was mainly due to income before income taxes, a decrease in trade receivables and an increase in other accounts payable, among other factors.」
Operating cash flow increased from ¥280 million to ¥928.046 million. Trade receivables decreased by ¥346.328 million, while inventories increased by ¥224.655 million, so movements in receivables and inventory were not uniform. - FY2019-Q3Decrease in trade receivables and increase in inventoriesAnnual report
「At the end of the third quarter, total assets decreased by ¥1,170 million from the end of the previous fiscal year to ¥26,773 million. The main factors were decreases of ¥1,267 million in notes and accounts receivable, increases of ¥198 million in cash and deposits and ¥313 million in inventories, and a ¥647 million decrease in investment securities under investments and other assets due to fair-value measurement and other factors.」
Notes and accounts receivable decreased by ¥1,267 million and cash and deposits increased by ¥198 million, while inventories increased by ¥313 million, so movements in receivables and inventory were not uniform. - FY2019-Q2Decrease in trade receivables and increase in inventoriesAnnual report
「Cash provided by operating activities during the six months ended the second quarter increased by ¥529 million (up ¥363 million in the same period of the previous year). This was mainly because trade receivables decreased substantially, despite an increase in inventories and a decrease in accounts payable.」
Operating cash flow increased by ¥529.345 million due to a substantial decrease in trade receivables, while inventories increased, so movements in receivables and inventory were not uniform. - FY2019-Q1Decrease in trade receivables and increase in inventoriesAnnual report
「At the end of the first quarter, total assets decreased by ¥1,214 million from the end of the previous fiscal year to ¥26,730 million. The main factors were a ¥1,630 million decrease in notes and accounts receivable as collections from customers progressed, a ¥211 million increase in cash and deposits, and a ¥324 million increase in inventories.」
Trade receivables decreased by ¥1,630 million and cash increased as a result of collections from customers, while inventories increased by ¥324 million, so the reductions in receivables and inventory were not uniform. - FY2018AdvancedAnnual report
「Cash provided by operating activities at the end of the fiscal year increased by ¥280 million (up ¥140 million in the previous fiscal year). This was mainly due to an increase in income before income taxes and a reduction in inventories resulting from inventory-reduction measures, among other factors.」
Inventories decreased by ¥320.72 million as a result of inventory-reduction measures, and operating cash flow increased by ¥280.375 million. - FY2018-Q3Decrease in trade receivables and increase in inventoriesAnnual report
「Assets increased by ¥632 million from the end of the previous fiscal year to ¥28,598 million during the current third-quarter consolidated accounting period. The main factors were decreases of ¥844 million in buildings and structures and ¥735 million in land due to the sale of non-current assets and other factors, a ¥2,029 million increase in cash and deposits under current assets, and an ¥811 million decrease in notes and accounts receivable.」
Trade receivables decreased by ¥811 million, while inventories increased from the end of the previous fiscal year, and cash also increased from the sale of fixed assets. - FY2018-Q2AdvancedAnnual report
「Cash provided by operating activities during the current second-quarter consolidated cumulative period was ¥363 million, compared with cash used of ¥338 million in the same period of the previous year. This was mainly due to an increase in profit before income taxes, decreases in trade receivables and inventories, and an increase in trade payables, among other factors. As a result, cash flow increased by ¥702 million from the same period of the previous year.」
Decreases in trade receivables and inventories and an increase in trade payables resulted in a ¥363 million increase in cash flow from operating activities. - FY2018-Q1Decrease in trade receivables and increase in inventoriesAnnual report
「The main factors were decreases of ¥769 million in buildings and structures and ¥735 million in land due to the sale of non-current assets and other factors, an ¥1,870 million increase in cash and deposits under current assets, and a ¥1,364 million decrease in notes and accounts receivable.」
Notes and accounts receivable decreased by ¥1,364 million from the end of the previous fiscal year, while inventories increased from ¥1,870 million to ¥2,403 million. Cash and deposits increased by ¥1,870 million due to the sale of non-current assets. - FY2017AdvancedAnnual report
「Cash provided by operating activities at the end of the current consolidated fiscal year was ¥140 million, compared with ¥150 million in the previous consolidated fiscal year. This was mainly due to an increase in profit before income taxes and the decrease in trade receivables and inventories exceeding the decrease in trade payables.」
The decrease in trade receivables and inventories exceeded the decrease in trade payables, resulting in a ¥140 million increase in cash flow from operating activities. - FY2017-Q3AdvancedAnnual report
「During the current third-quarter consolidated accounting period, current assets decreased by ¥1,249 million from the end of the previous fiscal year, mainly because notes and accounts receivable decreased by ¥1,128 million and inventories decreased by ¥276 million, among other factors.」
Notes and accounts receivable decreased by ¥1,128 million and inventories decreased by ¥276 million from the end of the previous fiscal year. Progress has been made in reducing receivables and inventories. - FY2017-Q2Declines in receivables and inventories alongside deterioration in operating cash flowAnnual report
「Current assets decreased by ¥1,187 million, mainly because notes and accounts receivable decreased by ¥743 million, among other factors. This was primarily because the decrease in trade receivables and inventories exceeded the decrease in trade payables, among other factors.」
Trade receivables and inventories decreased, but trade payables decreased by more, resulting in a ¥338 million decrease in cash flow from operating activities. - FY2016First statedAnnual report
「Regarding liquidity, the company is working to secure cash flow stability by limiting the increase in required working capital through securing profits, reducing overdue receivables, and reducing inventories.」
The policy is to limit required working capital by securing profits, reducing receivables, and reducing inventories.