Seasonal Fluctuations and the Burden of Advance Funding During Peak Job-Transfer Seasons
First written in FY2016. 20 of 35 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026.
Sunnexta Group moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Increase in operating advances: ¥699 million」
Operating advances increased from ¥1,420,142 thousand at the end of the previous fiscal year to ¥1,490,066 thousand, increasing the year-end funding burden for advances associated with the peak employee relocation season. - FY2026-H1MitigatedAnnual report
「This was mainly due to a ¥278 million decrease in operating advances, a ¥199 million increase in real estate held for sale, and a ¥326 million decrease in accrued corporate tax refunds included in Other.」
Operating advances decreased by ¥278 million from the end of the previous consolidated fiscal year, reducing the seasonal funding burden for advances. Cash flow from operating activities also turned positive at ¥369 million from negative in the same period of the previous year. - FY2025WorsenedAnnual report
「This was mainly due to a ¥370 million decrease in cash and deposits, a ¥320 million increase in accrued corporate tax refunds included in Other, and a ¥236 million decrease in real estate held for sale.」
Operating advances stood at ¥1,420,142 thousand at the fiscal year-end, an increase of ¥97,356 thousand from ¥1,322,786 thousand at the end of the previous fiscal year. The seasonal funding burden for advances is increasing again. - FY2025-H1MitigatedAnnual report
「This was mainly due to a ¥403 million decrease in cash and deposits, a ¥198 million decrease in operating advances, and a ¥122 million decrease resulting from the sale of real estate held for sale.」
Operating advances at the end of the interim period decreased by ¥198 million from the end of the previous consolidated fiscal year, reducing the seasonal funding burden for advances. - FY2024MitigatedAnnual report
「Operating advances 1,367,897 1,322,786」
The fiscal year-end balance of operating advances decreased from ¥1,367,897 thousand at the end of the previous fiscal year to ¥1,322,786 thousand. The policy of addressing the seasonal funding burden for advances through overdraft facilities and other measures remains in place. - FY2024-Q3WorsenedAnnual report
「Current assets increased by ¥1,767 million from the end of the previous consolidated fiscal year to ¥9,229 million. This was mainly due to a ¥3,405 million increase in operating advances and a ¥1,374 million decrease in cash and deposits.」
Operating advances increased by ¥3,405 million from the end of the previous fiscal year at the end of the third quarter, causing the funding burden for advances associated with the peak employee relocation season to increase again. - FY2024-Q2MitigatedAnnual report
「This was mainly due to a ¥233 million increase in cash and deposits and a ¥324 million decrease in operating advances.」
Operating advances decreased by ¥324 million from the end of the previous fiscal year at the end of the second quarter, and the seasonal funding burden for advances declined from the increase at the end of the first quarter. - FY2024-Q1WorsenedAnnual report
「Current assets decreased by ¥133 million from the end of the previous consolidated fiscal year to ¥7,328 million. This was mainly due to a ¥552 million decrease in cash and deposits, a ¥234 million increase in operating advances, a ¥125 million increase in real estate held for sale, and a ¥113 million increase in accrued corporate tax refunds included in Other.」
Operating advances increased by ¥234 million from the end of the previous fiscal year at the end of the first quarter, increasing the seasonal funding burden for advances. - FY2023RestatedAnnual report
「In the employee housing management business, the Company temporarily pays, on behalf of client companies, the contract fees for housing leases associated with employee relocations. Because substantial operating advances arise during periods of concentrated employee relocations and other peak transfer periods, the Company has established overdraft facilities with financial institutions and borrows from them as necessary.」
The Company continues to recognize the seasonal burden of operating advances and short-term funding as an ongoing risk and addresses it through overdraft facilities and borrowings from financial institutions. - FY2023-Q3WorsenedAnnual report
「Current assets increased by ¥726 million from the end of the previous consolidated fiscal year to ¥8,362 million. This was mainly due to a ¥3,441 million increase in operating advances and a ¥3,129 million decrease in cash and deposits.」
Operating advances increased by ¥3,441 million from the end of the previous fiscal year at the end of the third quarter, increasing the seasonal funding burden for advances. Short-term borrowings also increased by ¥1,300 million. - FY2023-Q2MitigatedAnnual report
「Current assets decreased by ¥635 million from the end of the previous consolidated fiscal year to ¥7,000 million. This was mainly due to a ¥638 million decrease in cash and deposits and a ¥139 million decrease in operating advances.」
Operating advances decreased by ¥139 million from the end of the previous fiscal year at the end of the second quarter, and the seasonal funding burden for advances declined from the increase at the end of the first quarter. - FY2023-Q1WorsenedAnnual report
「Current assets decreased by ¥607 million from the end of the previous consolidated fiscal year to ¥7,029 million. This was mainly due to a ¥1,065 million decrease in cash and deposits and a ¥397 million increase in operating advances.」
Operating advances increased by ¥397 million from the end of the previous fiscal year at the end of the first quarter, increasing the funding burden for advances associated with the peak employee relocation season. - FY2022MitigatedAnnual report
「This was mainly due to a ¥1,542 million increase in cash and deposits and a ¥342 million decrease in operating advances.」
At the end of the fiscal year ending June 2022, operating advances decreased by ¥342 million from the end of the previous fiscal year. The policy of establishing overdraft facilities to address the seasonal funding burden for advances remains in place. - FY2022-Q3WorsenedAnnual report
「Current assets increased by ¥1,947 million from the end of the previous consolidated fiscal year to ¥8,607 million. This was mainly due to a ¥3,072 million increase in operating advances and a ¥1,045 million decrease in cash and deposits.」
Operating advances increased by ¥3,072 million from the end of the previous fiscal year at the end of the third quarter, while short-term borrowings also increased by ¥1,300 million, increasing the seasonal funding burden for advances. - FY2022-Q2MitigatedAnnual report
「Current assets increased by ¥1,072 million from the end of the previous consolidated fiscal year to ¥7,732 million. This was mainly due to a ¥1,657 million increase in cash and deposits and a ¥406 million decrease in operating advances.」
Operating advances decreased by ¥406 million from the end of the previous fiscal year at the end of the second quarter, reducing the seasonal funding burden for advances. - FY2022-Q1WorsenedAnnual report
「Current assets decreased by ¥532 million from the end of the previous consolidated fiscal year to ¥6,127 million. This was mainly due to a ¥1,098 million decrease in cash and deposits and a ¥452 million increase in operating advances」
Operating advances increased by ¥452 million from the end of the previous fiscal year at the end of the first quarter, increasing the seasonal funding burden for advances. - FY2021RestatedAnnual report
「Because substantial operating advances arise during periods of concentrated employee relocations and other peak transfer periods, the Company has established overdraft facilities with financial institutions and borrows from them as necessary.」
The Company continues to recognize the seasonal burden of operating advances and short-term funding as a risk and states that it will address it through overdraft facilities. - FY2021-Q3WorsenedAnnual report
「Current assets increased by ¥2,076 million from the end of the previous consolidated fiscal year to ¥7,969 million. This was mainly due to a ¥2,976 million increase in operating advances and a ¥1,119 million decrease in cash and deposits.」
Operating advances increased by ¥2,976 million from the end of the previous fiscal year at the end of the third quarter, causing the seasonal funding burden for advances to increase again. Short-term borrowings also increased by ¥2,000 million. - FY2021-Q2MitigatedAnnual report
「This was mainly due to a ¥170 million decrease in operating advances and a ¥25 million increase in cash and deposits.」
Operating advances decreased by ¥170 million from the end of the previous fiscal year at the end of the second quarter, and the seasonal funding burden for advances declined from the increase through the previous quarter. - FY2021-Q1WorsenedAnnual report
「This was mainly due to a ¥630 million decrease in cash and deposits and a ¥338 million increase in operating advances.」
Operating advances increased by ¥338 million from the end of the previous fiscal year at the end of the first quarter, increasing the seasonal funding burden for advances. - FY2020-Q3WorsenedAnnual report
「Current assets increased by ¥2,250 million from the end of the previous consolidated fiscal year to ¥7,724 million. This was mainly due to a ¥3,239 million increase in operating advances and a ¥1,048 million decrease in cash and deposits.」
Operating advances increased by ¥3,239 million from the end of the previous fiscal year at the end of the third quarter, substantially increasing the seasonal funding burden for advances. Short-term borrowings also increased by ¥2,200 million. - FY2020-Q2MitigatedAnnual report
「Current assets decreased by ¥198 million from the end of the previous consolidated fiscal year to ¥5,275 million. This was mainly due to a ¥158 million decrease in operating advances and a ¥45 million decrease in accounts receivable.」
Operating advances decreased by ¥158 million from the end of the previous fiscal year, and the seasonal funding burden for advances declined from the increase through the previous quarter. - FY2020-Q1WorsenedAnnual report
「Current assets decreased by ¥266 million from the end of the previous consolidated fiscal year to ¥5,207 million. This was mainly due to an ¥825 million decrease in cash and deposits and a ¥497 million increase in operating advances.」
Operating advances increased by ¥497 million from the end of the previous fiscal year at the end of the first quarter, increasing the seasonal funding burden for advances. - FY2019RestatedAnnual report
「This was mainly due to a ¥586 million increase in cash and deposits and a ¥67 million increase in operating advances.」
Operating advances increased by ¥67 million from the end of the previous fiscal year, but the balance of short-term borrowings at the fiscal year-end was zero. The seasonal funding burden associated with advances is described as an ongoing risk. - FY2019-Q3WorsenedAnnual report
「Current assets increased by ¥2,917 million from the end of the previous consolidated fiscal year to ¥7,747 million. This was mainly due to a ¥3,248 million increase in operating advances, a ¥209 million decrease in cash and deposits, and a ¥133 million decrease in real estate held for sale.」
Operating advances increased by ¥3,248 million from the end of the previous consolidated fiscal year, substantially increasing the seasonal funding burden for advances. Short-term borrowings also increased by ¥2,750 million. - FY2019-Q2WorsenedAnnual report
「Current assets decreased by ¥96 million from the end of the previous consolidated fiscal year to ¥4,733 million. This was mainly due to a ¥216 million decrease in cash and deposits, a ¥137 million decrease in real estate for sale, and a ¥233 million increase in operating advances.」
Operating advances increased by ¥233 million from the end of the previous consolidated fiscal year, and the seasonal burden of funding advances expanded again. Cash flow from operating activities also decreased by ¥162 million. - FY2019-Q1WorsenedAnnual report
「Current assets decreased by ¥50 million from the end of the previous consolidated fiscal year to ¥4,779 million. This was mainly due to a ¥624 million decrease in cash and deposits, a ¥53 million decrease in accounts receivable, and a ¥606 million increase in operating advances.」
Operating advances increased by approximately ¥606 million from the end of the previous consolidated fiscal year, indicating an increased seasonal burden of funding advances. Short-term borrowings also increased by ¥250 million. - FY2018-Q3WorsenedAnnual report
「Current assets increased by ¥2,448 million from the end of the previous consolidated fiscal year to ¥7,114 million. This was mainly due to a ¥2,704 million increase in operating advances, a ¥124 million increase in real estate for sale, and a ¥339 million decrease in cash and deposits.」
Operating advances increased by ¥2,704 million from the end of the previous consolidated fiscal year, and the seasonal burden of funding advances expanded significantly again. Short-term borrowings also increased by ¥2,750 million. - FY2018-Q2MitigatedAnnual report
「This was due to an ¥85 million increase resulting from a decrease in operating advances.」
At the end of the second quarter, operating advances were ¥1,250.390 million, down ¥85.493 million from the end of the previous consolidated fiscal year, representing a decline from the previously observed increase in the burden of funding advances. - FY2018-Q1WorsenedAnnual report
「Current assets decreased by ¥3 million from the end of the previous consolidated fiscal year to ¥4,662 million. This was mainly due to a ¥517 million decrease in cash and deposits and a ¥547 million increase in operating advances.」
Operating advances increased by ¥547 million from the end of the previous consolidated fiscal year, quantitatively indicating an increased burden of funding advances. - FY2017RestatedAnnual report
「Operating advances temporarily increase at the end of the first and third quarters, which coincide with employee-transfer seasons, but the funds are covered by internal funds and bank borrowings. Bank borrowings are short-term working-capital financing with maturities of less than 1 month, and the collection of advances from customer companies and repayment of borrowings have proceeded without issue.」
The Company continues to recognize the burden of operating advances and short-term funding associated with seasonal fluctuations, while stating that collections and repayment of borrowings have proceeded without issue. - FY2017-Q3WorsenedAnnual report
「Current assets increased by ¥2,815 million from the end of the previous consolidated fiscal year to ¥6,866 million. This was mainly due to a ¥2,886 million increase in operating advances. Current liabilities increased by ¥2,491 million to ¥4,463 million. This was mainly due to a ¥2,750 million increase in short-term borrowings and a ¥109 million decrease in accounts payable and other liabilities.」
Operating advances increased by ¥2,886 million and short-term borrowings by ¥2,750 million, indicating a quantitative increase in the burden of funding advances and reliance on financing. - FY2016First statedAnnual report
「Because employee transfers are highly concentrated in spring and autumn, these periods are extremely busy, requiring additional operators and resulting in a significant personnel cost burden.」
During the spring and autumn peak periods, personnel expenses, short-term borrowings and receivables for advances paid on behalf of customer companies increase, causing seasonal fluctuations in business performance.