Operating cash flow volatility due to the period from land acquisition to cash recovery
First written in FY2017-Q1. 28 of 36 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Amg Holdings moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 39 of 141 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the consolidated fiscal year, cash used in operating activities was ¥438 million, compared with ¥4,266 million provided in the previous fiscal year. This was mainly due to a ¥737 million increase in inventories resulting from completed properties, compared with a ¥2,811 million decrease in the previous fiscal year; a ¥1,244 million increase in trade receivables, compared with a ¥652 million decrease; and a ¥472 million increase in advances received for property contracts and other transactions, up 204.9% year on year.」
Cash flow from operating activities shifted from ¥4,266 million generated in the previous year to ¥438 million used, as the cash movements associated with the business cycle became evident over the full year through increases in inventories and trade receivables. - FY2026-H1MaterialisedAnnual report
「During the six-month period, cash used in operating activities amounted to ¥591 million. This mainly comprised pretax interim net income of ¥706 million, a ¥1,358 million increase in trade receivables, a ¥1,150 million decrease in inventories, a ¥777 million decrease in trade payables, and ¥241 million in income tax payments.」
Cash flow from operating activities shifted from ¥1,176 million generated in the same period of the previous year to ¥591 million used. The cash movements associated with the business cycle were reflected in increases in trade receivables and decreases in trade payables, among other factors. - FY2025Full-year cash generation from operating activities expandsAnnual report
「During the fiscal year, cash generated as a result of operating activities amounted to ¥4,266 million, compared with ¥3,040 million used in the previous fiscal year. This was mainly due to a ¥2,811 million decrease in inventories resulting from the completion and handover of properties, compared with a ¥4,117 million increase in the previous fiscal year, and a ¥652 million decrease due to the collection of trade receivables, compared with a ¥1,076 million increase in the previous fiscal year.」
Cash flow from operating activities shifted from ¥3,040 million used in the previous fiscal year to ¥4,266 million generated, reflecting cash generation from the completion and handover of properties and the collection of trade receivables. - FY2025-H1Shift to funds generated from operating activitiesAnnual report
「During the six-month period, cash generated by operating activities amounted to ¥1,176 million. This mainly comprised pretax interim net income of ¥615 million, a ¥661 million decrease in trade receivables, a ¥704 million decrease in inventories, a ¥808 million decrease in trade payables, and ¥230 million in income tax refunds.」
Cash flow from operating activities shifted from a ¥4,789 million decrease in the same period of the previous year to a ¥1,176 million increase. The cash movements associated with the business cycle were reflected this time in cash generation, including a ¥704 million decrease in inventories. - FY2024MaterialisedAnnual report
「During the fiscal year, cash used as a result of operating activities amounted to ¥3,040 million, compared with ¥3,860 million used in the previous fiscal year. This was mainly due to a ¥4,117 million increase in inventories resulting from the acquisition of project land, construction and other activities, down 1.4% year on year.」
Inventories increased by ¥4,117 million due to the acquisition of project land and construction, and cash flow from operating activities amounted to ¥3,040 million used. - FY2024-Q3MaterialisedAnnual report
「Current assets at the end of the third quarter amounted to ¥28,919 million, an increase of ¥3,423 million from the end of the previous fiscal year. This was mainly due to a ¥1,046 million increase in real estate for sale following the completion of properties and a ¥2,700 million increase in real estate under development for sale due to construction payments and other factors.」
Real estate for sale increased following the completion of properties, while real estate under development for sale increased due to construction payments and other factors, highlighting changes in assets and cash over the business cycle from land acquisition to sales and collection. - FY2024-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, cash used in operating activities amounted to ¥4,789 million. This mainly reflected a ¥4,123 million decrease due to an increase in inventories, including land, and a ¥801 million decrease in trade payables due to construction payments.」
The ¥4,123 million increase in inventories, including land, and the ¥801 million decrease in trade payables due to construction payments resulted in a ¥4,789 million decrease in cash from operating activities. - FY2024-Q1MaterialisedAnnual report
「Current assets at the end of the first quarter amounted to ¥26,496 million, an increase of ¥1,000 million from the end of the previous fiscal year. This was mainly due to a ¥2,181 million increase in real estate for sale following the completion of condominiums, while cash and deposits declined by ¥1,550 million due to construction payments and other factors.」
Real estate for sale increased following the completion of condominiums, while cash declined due to construction payments, highlighting changes in assets and operating funds associated with the business cycle. - FY2023MaterialisedAnnual report
「During the fiscal year, cash used as a result of operating activities amounted to ¥3,860 million, compared with ¥58 million generated in the previous fiscal year. This was mainly due to a ¥4,174 million increase in inventories resulting from the acquisition of project land, construction and other activities, up 800.5% year on year.」
Inventories increased by ¥4,174 million due to the acquisition of project land and construction, and cash flow from operating activities shifted from ¥58 million generated in the previous year to ¥3,860 million used. - FY2023-Q3MaterialisedAnnual report
「This mainly resulted from the consolidation of 株式会社川﨑ハウジング and 株式会社ハウメンテ, which brought ¥1,483 million in cash and deposits, ¥3,002 million in real estate for sale, and ¥2,847 million in real estate under development for sale onto the balance sheet.」
Current assets increased by ¥9,591 million from the end of the previous fiscal year due to the consolidation of subsidiaries and the recognition of land and properties for sale, highlighting changes in assets and operating funds associated with the acquisition of subsidiaries and the recognition of land and real estate for sale. - FY2023-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, cash used in operating activities amounted to ¥3,302 million. This mainly reflected an increase of ¥613 million from the collection of trade receivables, cash outflows of ¥2,203 million for the acquisition of inventories, including land, and a ¥2,302 million decrease in trade payables due to construction payments.」
The acquisition of inventories, including land, and construction payments resulted in a ¥3,302 million decrease in cash flow from operating activities, highlighting cash movements over the period from land acquisition to sales and collection. - FY2023-Q1MaterialisedAnnual report
「This was mainly due to an increase of ¥513 million in real estate under development for sale from purchases and a decrease of ¥560 million in notes and accounts receivable and contract assets from sales.」
At the end of the first quarter, inventories of real estate under development for sale increased and trade receivables and contract assets declined as a result of sales, highlighting asset movements over the period from land acquisition to sales and collection. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, funds generated from operating activities amounted to ¥58 million, down 93.9% year on year. This was mainly attributable to pretax profit of ¥1,383 million, down 34.6% year on year, a ¥463 million increase in inventories due to land purchases and other factors, down 62.9%, and a ¥879 million decrease in advances received because advances for completed projects were transferred to revenue, compared with an increase of ¥972 million in advances received in the previous fiscal year, among other factors.」
Operating cash flow amounted to only ¥58 million generated, a significant decrease from ¥945 million in the previous year. Funding fluctuations, including increases in inventories from land purchases and decreases in advances received, became evident over the full fiscal year. - FY2022-Q3MaterialisedAnnual report
「At the end of the third quarter, current assets amounted to ¥15,916 million, an increase of ¥3,413 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥593 million increase in cash and deposits from the consolidation of 髙垣組, a ¥1,623 million increase in notes and accounts receivable and contract assets, compared with accounts receivable at the end of the previous consolidated fiscal year, a ¥2,548 million increase in real estate under development for sale due to purchases, and a ¥1,361 million decrease in real estate for sale due to transfers to customers.」
Real estate under development for sale increased by ¥2,548 million due to purchases, while real estate for sale decreased by ¥1,361 million due to transfers to customers, illustrating the asset and operating funding fluctuations associated with the period from site acquisition to sale and collection. - FY2022-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, the decrease in funds from operating activities amounted to ¥1,956 million. This was mainly attributable to a ¥451 million increase resulting from the collection of trade receivables, ¥228 million in expenditure for inventory acquisitions including land purchases, and a ¥1,513 million decrease in trade payables due to payments for construction work.」
Operating cash flow decreased by ¥1,956 million. Inventory acquisitions, including land purchases, and decreases in trade payables due to payments for construction work occurred, further illustrating the operating funding fluctuations associated with the period from site acquisition to collection of funds. - FY2021-Q3MaterialisedAnnual report
「At the end of the third quarter, current assets amounted to ¥11,971 million, an increase of ¥4,976 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥2,788 million from the consolidation of TH社, an increase of ¥247 million in cash and deposits from sales and borrowings, an increase of ¥2,046 million in real estate under development for sale due to land purchases and construction, and a ¥1,595 million decrease in short-term loans to affiliated companies due to collections.」
Real estate under development for sale increased by ¥2,046 million due to land purchases and construction, while ¥1,595 million in short-term loans to affiliated companies was collected, illustrating the asset and funding fluctuations associated with the period from site acquisition to sale and collection. - FY2021-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, the decrease in funds from operating activities amounted to ¥1,364 million. This was mainly attributable to ¥1,048 million in expenditure for inventory acquisitions and a ¥323 million decrease in trade payables due to payments for construction work.」
Funds from operating activities decreased by ¥1,364 million due to site and inventory acquisitions and payments for construction work. Operating cash flow fluctuations associated with the period from site acquisition to sale and collection of funds became evident. - FY2021-Q1RestatedAnnual report
「The company finances the acquisition of condominium sites through borrowings from financial institutions, and the period from site acquisition to collection of funds upon completion of the condominiums does not fall within a single fiscal year. Consequently, operating cash flow fluctuates significantly depending on the status of condominium site acquisitions.」
The company continues to state the risk of operating cash flow fluctuations arising from reliance on borrowings to finance site acquisitions and from the period between acquisition and collection of funds extending beyond one fiscal year. - FY2020MaterialisedAnnual report
「During the consolidated fiscal year, funds used in operating activities amounted to ¥224 million, compared with ¥1,684 million generated in the previous fiscal year. This was mainly attributable to pretax profit of ¥910 million, up 8.5% year on year, and a ¥1,135 million decrease in trade payables resulting from a decrease in accounts payable for construction work because fewer properties were completed at year-end than in the previous year, compared with an ¥883 million increase in trade payables in the previous fiscal year, among other factors.」
Operating cash flow changed from ¥1,684 million generated in the previous fiscal year to ¥224 million used, illustrating in the full fiscal year the funding fluctuations associated with the period from site acquisition to collection of funds. - FY2020-Q3MaterialisedAnnual report
「At the end of the third quarter, current assets amounted to ¥6,350 million, a decrease of ¥667 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥733 million in real estate under development for sale, a decrease of ¥552 million in cash and deposits, and a decrease of ¥820 million in real estate for sale.」
Real estate under development for sale increased by ¥733 million, while cash and deposits decreased by ¥552 million and real estate for sale decreased by ¥820 million, illustrating the asset and operating funding fluctuations associated with the period from site acquisition to sale and collection of funds. - FY2020-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, the decrease in funds from operating activities amounted to ¥863 million. This was mainly attributable to a ¥638 million increase from pretax quarterly profit and a ¥1,393 million decrease in trade payables due to payments for construction work on properties completed at the end of the previous consolidated fiscal year.」
Operating cash flow fluctuations associated with the period from site acquisition to sale and collection of funds became evident, resulting in a ¥863 million decrease in funds from operating activities. This changed from ¥237 million generated in the year-earlier period to funds being used. - FY2020-Q1MaterialisedAnnual report
「This was mainly due to an increase of ¥346 million in cash and deposits, an increase of ¥810 million in real estate under development for sale, and a decrease of ¥711 million in short-term loans receivable.」
At the end of the first quarter, real estate under development for sale increased by ¥810 million, while cash and deposits also increased by ¥346 million. The asset and operating funding fluctuations associated with the period from site acquisition to sale and collection of funds have become evident. - FY2019Shift to funds generated from operating activitiesAnnual report
「During the consolidated fiscal year, funds generated from operating activities amounted to ¥1,684 million, compared with ¥773 million used in the previous fiscal year. This was mainly attributable to pretax profit of ¥839 million, up 28.2% year on year, and an ¥883 million increase in trade payables due to an increase in condominium construction, compared with a ¥45 million decrease in trade payables in the previous fiscal year, among other factors.」
Operating cash flow changed from ¥773 million used in the previous fiscal year to ¥1,684 million generated. The possibility of operating cash flow fluctuations associated with site acquisitions and other activities continues to be stated. - FY2019-Q3MaterialisedAnnual report
「At the end of the third quarter, current assets amounted to ¥5,938 million, an increase of ¥132 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥952 million in real estate under development for sale, a decrease of ¥292 million in cash and deposits, and a decrease of ¥594 million in real estate for sale.」
Real estate under development for sale increased, while cash and deposits and real estate for sale decreased, illustrating the asset and operating funding fluctuations associated with the period from site acquisition to collection of funds. - FY2019-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, funds generated from operating activities amounted to ¥237 million. This was mainly attributable to pretax quarterly profit of ¥376 million, a decrease of ¥200 million in trade receivables, an increase of ¥238 million in advances received, a decrease of ¥151 million in trade payables, and an increase of ¥391 million in inventories.」
Operating cash flow generated ¥237 million, while inventories increased by ¥391 million, further illustrating the operating funding fluctuations associated with site acquisitions and other activities. - FY2019-Q1MaterialisedAnnual report
「This was mainly due to an increase of ¥775 million in real estate under development for sale, a decrease of ¥702 million in cash and deposits, a decrease of ¥79 million in accounts receivable, and a decrease of ¥170 million in real estate for sale.」
The increase in real estate under development for sale and decrease in cash and deposits indicate in the asset composition the operating funding fluctuations associated with the period from site acquisition to collection of funds. - FY2018MaterialisedAnnual report
「During the consolidated fiscal year, funds used in operating activities amounted to ¥773 million. This was mainly attributable to pretax profit of ¥654 million, an increase of ¥1,287 million in inventories, and an increase of ¥140 million in trade receivables, among other factors.」
Operating cash flow for the full fiscal year used ¥773 million, mainly due to increases in sites and inventories. - FY2018-Q3MaterialisedAnnual report
「This was mainly due to an increase of ¥1,860 million in real estate under development for sale, a decrease of ¥294 million in cash and deposits, and a decrease of ¥394 million in real estate for sale.」
Real estate under development for sale increased and cash and deposits decreased, reflecting in the third-quarter asset composition the funding fluctuations associated with the period from acquisition to sale and collection. - FY2018-Q2Shift to funds generated from operating activitiesAnnual report
「During the six-month period ended the second quarter, funds generated from operating activities amounted to ¥291 million. This was mainly attributable to pretax quarterly profit of ¥467 million, a decrease of ¥328 million in trade payables, a decrease of ¥102 million in inventories, and an increase of ¥61 million in advances received.」
Operating cash flow generated ¥291 million, changing from ¥688 million used in the year-earlier period. The risk of operating cash flow fluctuations associated with site acquisitions and other activities continues to exist. - FY2018-Q1RestatedAnnual report
「The company finances the acquisition of condominium sites through borrowings from financial institutions, and the period from site acquisition to collection of funds upon completion of the condominiums does not fall within a single fiscal year. Consequently, operating cash flow fluctuates significantly depending on the status of condominium site acquisitions.」
The company continues to state the risk of operating cash flow fluctuations arising from reliance on borrowings to finance site acquisitions and from the period between acquisition and collection of funds extending beyond one fiscal year. - FY2017RestatedAnnual report
「The company finances the acquisition of condominium sites through borrowings from financial institutions, and the period from site acquisition to collection of funds upon completion of the condominiums does not fall within a single fiscal year. Consequently, operating cash flow fluctuates significantly depending on the status of condominium site acquisitions.」
The company continues to state the risk of operating cash flow fluctuations arising from reliance on borrowings to finance site acquisitions and from the period between acquisition and collection of funds extending beyond one fiscal year. Operating activities generated ¥170 million during the fiscal year. - FY2017-Q3MaterialisedAnnual report
「This was mainly due to an increase of ¥1,858 million in real estate under development for sale and a decrease of ¥340 million in cash and deposits.」
The specific funding needs and operating cash flow fluctuations associated with site and real estate under development acquisitions included a ¥1,858 million increase in real estate under development for sale and a ¥340 million decrease in cash and deposits. - FY2017-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, funds used in operating activities amounted to ¥688 million. This was mainly attributable to pretax quarterly profit of ¥94 million, an increase of ¥147 million in trade payables, an increase of ¥1,106 million in inventories, and an increase of ¥224 million in advances received.」
The risk of operating cash flow fluctuations associated with site and inventory acquisitions materialized in the six-month period ended the second quarter, when ¥688 million was used in operating activities. - FY2017-Q1First statedAnnual report
「The company finances the acquisition of condominium sites through borrowings from financial institutions, and the period from site acquisition to collection of funds upon completion of the condominiums does not fall within a single fiscal year. Consequently, operating cash flow fluctuates significantly depending on the status of condominium site acquisitions.」
The company states that operating cash flow fluctuates significantly depending on the status of site acquisitions because sites are acquired using borrowings from financial institutions and the period from acquisition to completion and collection of funds exceeds one fiscal year.