Cash flow used in operating activities due to an increase in inventories
First written in FY2020-Q2. 5 of 12 entries say "Mitigated", first in FY2021. Latest entry: 2026-11-12.
OUG Holdings moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2023: 3 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-11-12WorsenedResults
「これは主に、棚卸資産の増加7,118百万円（前年同期は3,075百万円の増加）による支出がありました」
棚卸資産増加による営業資金流出が前年同期より拡大し、営業活動によるキャッシュ・フローは27百万円の収入に縮小した。 - FY2026WorsenedAnnual report
「Although increases in trade receivables of ¥1,901 million and inventories of ¥3,434 million resulted in cash outflows, the main factors increasing cash were the recognition of ¥7,457 million in profit before income taxes and an increase in accounts payable of ¥1,237 million.」
The operating cash outflow due to the increase in inventories widened from ¥642 million in the previous year to ¥3,434 million. Cash flow from operating activities remained an inflow, but narrowed from ¥2,716 million in the previous year to ¥2,584 million. - FY2026-H1MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥1,719 million (compared with an outflow of ¥1,699 million in the same period of the previous year). This was due mainly to cash inflows from the recognition of ¥3,222 million in interim profit before income taxes (compared with ¥2,629 million in the same period of the previous year) and an increase in accounts payable of ¥2,068 million (compared with a decrease of ¥1,055 million in the same period of the previous year), despite a cash outflow from an increase in inventories of ¥3,075 million (compared with an increase of ¥5,322 million in the same period of the previous year).」
Although the cash outflow due to the increase in inventories continued, the increase was smaller than in the same period of the previous year, and cash flow from operating activities turned from an outflow of ¥1,699 million to an inflow of ¥1,719 million. - FY2025MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥2,716 million (compared with an inflow of ¥2,007 million in the same period of the previous year). Although the decrease in accounts payable of ¥3,771 million resulted in a cash outflow, the main factors increasing cash were the recognition of ¥6,563 million in profit before income taxes and a ¥2,154 million decrease in trade receivables.」
Although inventories were a source of cash outflow of ¥642 million, cash flow from operating activities increased from ¥2,007 million in the previous year to ¥2,716 million. - FY2025-H1WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥1,699 million (compared with an outflow of ¥1,221 million in the same period of the previous year). This was mainly due to an increase in inventories of ¥5,322 million (compared with an increase of ¥3,622 million in the same period of the previous year) and a decrease in accounts payable of ¥1,055 million (compared with an increase of ¥5,514 million in the same period of the previous year), despite a decrease in trade receivables of ¥3,663 million (compared with an increase of ¥4,154 million in the same period of the previous year).」
The increase in inventories widened from ¥3,622 million in the same period of the previous year to ¥5,322 million, and the outflow from operating activities also widened from ¥1,221 million to ¥1,699 million. - FY2024-Q2MitigatedAnnual report
「Cash flow from operating activities was an outflow of ¥1,221 million (compared with an outflow of ¥7,715 million in the same quarter of the previous year). This was mainly due to an increase in accounts payable of ¥5,514 million (compared with an increase of ¥1,700 million in the same quarter of the previous year), despite an increase in inventories of ¥3,622 million (compared with an increase of ¥7,604 million in the same quarter of the previous year) and an increase in trade receivables of ¥4,154 million (compared with an increase of ¥2,794 million in the same quarter of the previous year).」
The increase in inventories narrowed, and the outflow from operating activities also narrowed from ¥7,715 million in the same period of the previous year to ¥1,221 million. - FY2023MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥682 million (compared with an outflow of ¥602 million in the same period of the previous year). Although increases in trade receivables of ¥1,708 million and inventories of ¥1,360 million resulted in cash outflows, the main factor increasing cash was the recognition of ¥4,488 million in profit before income taxes.」
Although the cash outflow due to the increase in inventories continued, cash flow from operating activities turned from an outflow of ¥602 million in the previous year to an inflow of ¥682 million. - FY2023-Q2WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥7,715 million (compared with an outflow of ¥5,145 million in the same quarter of the previous year). This was mainly due to an increase in inventories of ¥7,604 million (compared with an increase of ¥7,826 million in the same quarter of the previous year) and an increase in trade receivables of ¥2,794 million (compared with a decrease of ¥585 million in the same quarter of the previous year), despite an increase in accounts payable of ¥1,700 million (compared with an increase of ¥1,174 million in the same quarter of the previous year).」
Due to increases in inventories and trade receivables, the outflow from operating activities widened from ¥5,145 million in the same period of the previous year to ¥7,715 million. - FY2022-Q2WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥5,145 million (compared with an outflow of ¥2,273 million in the same quarter of the previous year). Although accounts payable increased by ¥1,174 million (compared with an increase of ¥1,920 million in the same quarter of the previous year), the main factor reducing cash was an increase in inventories of ¥7,826 million (compared with an increase of ¥2,799 million in the same quarter of the previous year).」
The increase in inventories widened, and the outflow from operating activities also widened from ¥2,273 million in the same quarter of the previous year to ¥5,145 million. - FY2021MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥2,569 million (compared with an inflow of ¥4,120 million in the same period of the previous year). The main factor increasing cash was a ¥1,242 million decrease in inventories.」
Cash flow from operating activities turned from an outflow to an inflow, with the decrease in inventories contributing to the increase in cash. - FY2021-Q2Continued outflow, narrower year on yearAnnual report
「Cash flow from operating activities was an outflow of ¥2,273 million (compared with an outflow of ¥2,788 million in the same quarter of the previous year). Although accounts payable increased by ¥1,920 million (compared with a decrease of ¥1,970 million in the same quarter of the previous year), the main factors reducing cash were an increase in trade receivables of ¥1,294 million (compared with a decrease of ¥4,846 million in the same quarter of the previous year) and an increase in inventories of ¥2,799 million (compared with an increase of ¥5,964 million in the same quarter of the previous year).」
Cash flow from operating activities was an outflow of ¥2,273 million, an outflow for the second consecutive period, although the increase in inventories was smaller than in the same period of the previous year. - FY2020-Q2First statedAnnual report
「Cash flow from operating activities was an outflow of ¥2,788 million (compared with an inflow of ¥12 million in the same quarter of the previous year). Although trade receivables decreased by ¥4,846 million (compared with an increase of ¥823 million in the same quarter of the previous year), the main factors reducing cash were an increase in inventories of ¥5,964 million (compared with an increase of ¥5,358 million in the same quarter of the previous year) and a decrease in accounts payable of ¥1,970 million (compared with an increase of ¥5,043 million in the same quarter of the previous year).」
The fact that cash flow from operating activities shifted from an inflow of ¥12 million in the same quarter of the previous year to an outflow of ¥2,788 million, mainly due to the ¥5,964 million increase in inventories, was identified as a new accounting and cash management theme.