Operating cash flow worsened as trade receivables and inventories increased
First written in FY2017-Q2. 15 of 35 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2022: 41 of 156 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Net cash used in operating activities for the fiscal year was ¥235 million, compared with ¥735 million in the previous fiscal year. Cash was generated mainly by income before income taxes of ¥37 million, but was outweighed by a ¥269 million increase in inventories.」
Although inventories increased by ¥269 million, operating cash outflow narrowed from ¥735 million in the previous fiscal year to ¥235 million. However, cash outflow continued for the full fiscal year. - 2026-05-14MitigatedResults
「棚卸資産の増加額269百万円などの結果、235百万円の支出（前期は735百万円の支出）となりました。」
棚卸資産は増加したが、営業活動によるキャッシュ・フローの支出は前期より縮小している。 - FY2026-H1MitigatedAnnual report
「Net cash used in operating activities for the interim consolidated period was ¥360 million, compared with ¥1,511 million in the previous interim consolidated period. Cash was generated mainly by a ¥24 million increase in contract liabilities, but was outweighed by a ¥358 million increase in inventories.」
Although inventories increased by ¥358 million, operating cash outflow narrowed from ¥1,511 million in the same period of the previous year to ¥360 million. - FY2025Operating cash outflow increased substantiallyAnnual report
「Net cash used in operating activities for the fiscal year was ¥735 million, compared with ¥11 million in the previous fiscal year. Cash was generated mainly by income before income taxes of ¥70 million and a ¥57 million decrease in advances paid, but was outweighed by a ¥569 million increase in inventories, a ¥240 million decrease in trade payables, ¥22 million in interest paid and ¥25 million in income taxes paid.」
Operating cash outflow increased substantially from ¥11 million to ¥735 million, mainly due to a ¥569 million increase in inventories and a ¥240 million decrease in trade payables. - FY2025-H1Operating cash flow reversed to a substantial outflowAnnual report
「Net cash used in operating activities for the interim consolidated period was ¥1,511 million, compared with net cash provided of ¥390 million in the previous interim consolidated period. Cash was generated mainly by a ¥66 million decrease in advances paid, but was outweighed by a ¥1,400 million increase in inventories and a ¥151 million decrease in trade payables.」
Operating cash flow reversed from an inflow of ¥390 million in the same period of the previous year to an outflow of ¥1,511 million, mainly due to the ¥1,400 million increase in inventories. - FY2024MitigatedAnnual report
「Net cash used in operating activities for the fiscal year was ¥11 million, compared with ¥311 million in the previous fiscal year. Cash was generated mainly by income before income taxes of ¥192 million, a ¥825 million decrease in trade receivables and a ¥303 million increase in trade payables, but was outweighed by a ¥1,085 million increase in inventories and ¥120 million in income taxes paid.」
Although inventories increased by ¥1,085 million, operating cash outflow narrowed from ¥311 million in the previous fiscal year to ¥11 million, mainly due to the ¥825 million decrease in trade receivables. - FY2024-Q3Decrease in trade receivables and increase in inventoriesAnnual report
「Current assets at the end of the third quarter were ¥4,169 million, down ¥98 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥114 million in cash and deposits, ¥406 million in real estate for sale and ¥79 million in real estate under development for sale, despite decreases of ¥756 million in notes and accounts receivable—completed construction contracts and ¥5 million in costs on uncompleted construction contracts.」
Trade receivables decreased by ¥756 million, while real estate for sale and real estate under development for sale increased by a combined ¥485 million. No cash flow statement was prepared for the first nine months. - FY2024-Q2MitigatedAnnual report
「Net cash provided by operating activities for the first six months of the fiscal year was ¥390 million, compared with net cash used of ¥409 million in the same period of the previous year. Cash was generated mainly by quarterly income before income taxes of ¥106 million, a ¥658 million decrease in trade receivables and a ¥12 million decrease in advances paid, despite a ¥258 million increase in inventories, a ¥22 million decrease in trade payables and ¥77 million in income taxes paid.」
Operating cash flow improved from an outflow of ¥409 million in the same period of the previous year to an inflow of ¥390 million, mainly due to the decrease in trade receivables. Inventories, however, increased by ¥258 million. - FY2024-Q1Decrease in cash and trade receivables and increase in real estate for saleAnnual report
「Current assets at the end of the first quarter were ¥3,992 million, down ¥275 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥133 million in real estate for sale and ¥178 million in real estate held for sale under development, despite decreases of ¥265 million in cash and deposits, ¥315 million in notes and accounts receivable—completed construction contracts and ¥14 million in costs on uncompleted construction contracts.」
Although no consolidated statement of cash flows was prepared for the first quarter, cash and deposits and trade receivables decreased, while real estate for sale and real estate held for sale under development increased. - FY2023Operating cash flow reversed from an inflow to an outflowAnnual report
「Net cash used in operating activities for the fiscal year was ¥311 million, compared with net cash provided of ¥446 million in the previous fiscal year. Cash was generated mainly by income before income taxes of ¥328 million and a ¥52 million decrease in inventories, but was outweighed by a ¥550 million increase in trade receivables, ¥76 million in income taxes paid and a ¥77 million decrease in trade payables.」
Operating cash flow reversed from an inflow of ¥446 million in the previous fiscal year to an outflow of ¥311 million, mainly due to the ¥550 million increase in trade receivables. - FY2023-Q3Decrease in cash and increase in working assetsAnnual report
「Current assets at the end of the third quarter were ¥4,345 million, down ¥464 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥225 million in notes and accounts receivable—completed construction contracts, ¥102 million in real estate for sale and ¥188 million in costs on uncompleted construction contracts, despite decreases of ¥958 million in cash and deposits and ¥17 million in real estate under development for sale.」
Cash and deposits decreased by ¥958 million, while notes and accounts receivable—completed construction contracts, real estate for sale and costs on uncompleted construction contracts increased. No cash flow statement was prepared for the first nine months. - FY2023-Q2Operating cash flow reversed from an inflow to a substantial outflowAnnual report
「Net cash used in operating activities for the first six months of the fiscal year was ¥409 million, compared with net cash provided of ¥41 million in the same period of the previous year. Cash was generated mainly by quarterly income before income taxes of ¥84 million, an ¥8 million decrease in advances paid and a ¥23 million increase in contract liabilities, but was outweighed by increases of ¥390 million in inventories and ¥95 million in trade receivables and ¥42 million in income taxes paid.」
Operating cash flow reversed from an inflow of ¥41 million in the same period of the previous year to an outflow of ¥409 million, mainly due to increases of ¥390 million in inventories and ¥95 million in trade receivables. Cash and cash equivalents also decreased by ¥564 million from the end of the previous consolidated fiscal year. - FY2023-Q1Decrease in cash and increase in real estate for saleAnnual report
「Current assets at the end of the first quarter were ¥4,598 million, down ¥212 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥377 million in real estate for sale and ¥174 million in costs on uncompleted construction contracts, despite decreases of ¥335 million in cash and deposits, ¥134 million in notes and accounts receivable—completed construction contracts and ¥332 million in real estate under development for sale.」
Although no consolidated statement of cash flows was prepared for the first quarter, cash and deposits decreased by ¥335 million, while real estate for sale and costs on uncompleted construction contracts increased. - FY2022MitigatedAnnual report
「Net cash provided by operating activities for the fiscal year was ¥446 million, compared with net cash used of ¥470 million in the previous fiscal year. Cash was generated mainly by income before income taxes of ¥212 million and a ¥273 million decrease in trade receivables, despite a ¥27 million increase in inventories.」
Operating cash flow improved from an outflow of ¥470 million in the previous fiscal year to an inflow of ¥446 million. Trade receivables decreased by ¥273 million, while the increase in inventories was limited to ¥27 million. - FY2022-Q3MitigatedAnnual report
「Current assets at the end of the third quarter were ¥4,930 million, up ¥426 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥786 million in cash and deposits and ¥42 million in real estate for sale, despite decreases of ¥248 million in notes and accounts receivable—completed construction contracts and ¥147 million in real estate under development for sale.」
Cash and deposits increased by ¥786 million, while trade receivables decreased by ¥248 million and real estate under development for sale decreased by ¥147 million. Working capital items, which had deteriorated from the previous fiscal year, showed signs of improvement. - FY2022-Q2MitigatedAnnual report
「Net cash provided by operating activities for the first six months of the fiscal year was ¥41 million, compared with net cash used of ¥705 million in the same period of the previous year. Cash was generated mainly by quarterly income before income taxes of ¥114 million and a ¥132 million decrease in trade receivables, despite a ¥151 million increase in inventories and ¥46 million in income taxes paid.」
Operating cash flow improved from an outflow of ¥705 million in the same period of the previous year to an inflow of ¥41 million, mainly due to the decrease in trade receivables. Inventories, however, increased by ¥151 million. - FY2022-Q1Increase in real estate held for sale and real estate under development for saleAnnual report
「Current assets at the end of the first quarter were ¥4,846 million, up ¥342 million from the end of the previous consolidated fiscal year. This was mainly attributable to increases of ¥99 million in real estate for sale and ¥263 million in real estate under development for sale.」
Real estate for sale and real estate under development for sale increased by a combined ¥362 million. As no statement of cash flows was prepared for the first three months, operating cash flow itself was not reported. - FY2021Operating cash outflow increasedAnnual report
「Net cash used in operating activities for the fiscal year was ¥470 million, compared with ¥232 million in the previous fiscal year. Cash was generated mainly by income before income taxes of ¥165 million, but was outweighed by increases of ¥314 million in trade receivables and ¥380 million in inventories.」
Operating cash outflow increased from ¥232 million in the previous year to ¥470 million, mainly due to increases of ¥314 million in trade receivables and ¥380 million in inventories. - FY2021-Q3Continued increases in inventories and trade receivablesAnnual report
「This was mainly attributable to increases of ¥194 million in cash and deposits, ¥240 million in notes and accounts receivable—completed construction contracts and ¥637 million in inventories.」
At the end of the third quarter, trade receivables increased by ¥240 million and inventories by ¥637 million. Although no quarterly consolidated statement of cash flows was prepared, an increase in working capital items was observed. - FY2021-Q2Increased operating cash outflowsAnnual report
「Net cash used in operating activities for the first six months of the fiscal year was ¥705 million, compared with ¥222 million in the same period of the previous year. Cash was generated mainly by quarterly income before income taxes of ¥39 million, but was outweighed by increases of ¥117 million in trade receivables and ¥660 million in inventories.」
Operating cash outflow increased from ¥222 million in the same period of the previous year to ¥705 million, mainly due to increases of ¥117 million in trade receivables and ¥660 million in inventories. - FY2021-Q1Decrease in cash and increase in trade receivablesAnnual report
「Current assets at the end of the first quarter were ¥3,483 million, down ¥123 million from the end of the previous consolidated fiscal year. This was mainly attributable to a ¥210 million decrease in cash and deposits and a ¥115 million increase in notes and accounts receivable—completed construction contracts.」
No quarterly consolidated statement of cash flows was prepared, but cash and deposits decreased by ¥210 million and trade receivables increased by ¥115 million. - FY2020Operating cash flow reversed to an outflow for the full fiscal yearAnnual report
「Net cash used in operating activities for the fiscal year was ¥232 million, compared with net cash provided of ¥272 million in the previous fiscal year. Cash was generated mainly by a ¥142 million decrease in trade receivables, but was outweighed by a ¥322 million increase in inventories.」
Trade receivables decreased, while inventories increased by ¥322 million, causing operating cash flow to reverse from an inflow of ¥272 million in the previous year to an outflow of ¥232 million. - FY2020-Q3Inventory increase and decreases in trade receivables and cashAnnual report
「This was mainly attributable to decreases of ¥110 million in cash and deposits and ¥147 million in notes and accounts receivable—completed construction contracts, and an increase of ¥185 million in inventories.」
At the end of the third quarter, trade receivables had decreased while inventories had increased by ¥185 million. No cash flow statement was prepared for the first nine months. - FY2020-Q2Operating cash flow reversed from an inflow to an outflowAnnual report
「Net cash used in operating activities for the first six months of the fiscal year was ¥222 million, compared with net cash provided of ¥349 million in the same period of the previous year. Cash was generated mainly by a ¥133 million decrease in trade receivables and quarterly income before income taxes of ¥40 million, but was outweighed by a ¥288 million increase in inventories, a ¥76 million decrease in trade payables and a ¥19 million increase in advances paid.」
Trade receivables decreased by ¥133 million, while inventories increased by ¥288 million, causing operating cash flow to reverse from an inflow of ¥349 million in the same period of the previous year to an outflow of ¥222 million. - FY2020-Q1Inventory increase and trade receivables decrease shown togetherAnnual report
「This was mainly attributable to increases of ¥230 million in cash and deposits and ¥116 million in inventories, and a ¥88 million decrease in notes and accounts receivable—completed construction contracts.」
In the first quarter, inventories increased by ¥116 million, while trade receivables decreased by ¥88 million. No quarterly consolidated statement of cash flows was prepared. - FY2019MitigatedAnnual report
「Net cash provided by operating activities for the fiscal year was ¥272 million, compared with ¥568 million in the previous fiscal year. Cash was generated mainly by income before income taxes of ¥184 million and a ¥355 million decrease in trade receivables, despite a ¥170 million increase in inventories and ¥93 million in income taxes paid.」
Operating cash flow remained positive due to the decrease in trade receivables. Meanwhile, inventories increased by ¥170 million, and cash inflow decreased from ¥568 million in the previous fiscal year to ¥272 million. - FY2019-Q3MitigatedAnnual report
「This was mainly attributable to decreases of ¥192 million in notes and accounts receivable—completed construction contracts, ¥101 million in cash and deposits, and ¥49 million in inventories.」
Trade receivables and inventories both decreased from the end of the previous consolidated fiscal year. No quarterly consolidated statement of cash flows was prepared for the first nine months. - FY2019-Q2MitigatedAnnual report
「Net cash provided by operating activities for the first six months of the fiscal year was ¥349 million, compared with ¥154 million in the same period of the previous year. Cash was generated mainly by quarterly income before income taxes of ¥124 million, a ¥292 million decrease in inventories, a ¥40 million increase in advances received on uncompleted construction contracts and a ¥21 million decrease in trade receivables, despite an ¥88 million decrease in trade payables and ¥50 million in income taxes paid.」
Net cash provided by operating activities increased from ¥154 million in the same period of the previous year to ¥349 million. The ¥292 million decrease in inventories and ¥21 million decrease in trade receivables were sources of cash. - FY2019-Q1MitigatedAnnual report
「This was due mainly to decreases of ¥68 million in cash and deposits, ¥57 million in notes receivable and unbilled construction revenue, and ¥127 million in inventories.」
Trade receivables and inventories declined from the end of the previous fiscal year. As no cash flow statement was prepared for the first quarter cumulative period, the change in operating cash flow itself was not reported. - FY2018MitigatedAnnual report
「Cash provided by operating activities for the fiscal year primarily reflected pretax net income of ¥310 million, a ¥377 million decrease in inventories and a ¥104 million increase in trade payables. However, an increase of ¥161 million in trade receivables and ¥115 million in income taxes paid, among other factors, resulted in cash provided of ¥568 million, compared with cash used of ¥546 million in the previous fiscal year.」
Operating cash flow improved from cash used of ¥546 million in the previous fiscal year to cash provided of ¥568 million in the current fiscal year. The decrease in inventories and increase in trade payables contributed to the cash inflow. - FY2018-Q3MitigatedAnnual report
「This was due mainly to decreases of ¥98 million in notes receivable and unbilled construction revenue and ¥170 million in inventories, while cash and deposits increased by ¥355 million.」
Both notes receivable and unbilled construction revenue and inventories declined from the end of the previous fiscal year, while cash and deposits increased. No cash flow statement was prepared for the first nine-month cumulative period. - FY2018-Q2MitigatedAnnual report
「Cash provided by operating activities during the first half cumulative period primarily reflected pretax quarterly income of ¥109 million, a ¥182 million decrease in trade receivables, a ¥22 million increase in trade payables and a ¥21 million decrease in advances paid. However, an increase of ¥128 million in inventories and ¥69 million in income taxes paid, among other factors, resulted in cash provided of ¥154 million, compared with cash used of ¥731 million in the same period of the previous fiscal year.」
Operating cash flow improved from cash used of ¥731 million in the same period of the previous fiscal year to cash provided of ¥154 million, mainly due to a decrease in trade receivables. Inventories, however, increased by ¥128 million. - FY2018-Q1Trade receivables declined while inventories increasedAnnual report
「This was due mainly to decreases of ¥186 million in notes receivable and unbilled construction revenue and ¥42 million in cash and deposits, while inventories increased by ¥236 million.」
In the first quarter, notes receivable and unbilled construction revenue declined by ¥186 million, while inventories increased by ¥236 million. As no quarterly consolidated cash flow statement was prepared, the change in operating cash flow itself was not reported. - FY2017-Q3RestatedAnnual report
「This was due mainly to a ¥212 million decrease in cash and deposits, while notes receivable and unbilled construction revenue increased by ¥379 million and inventories by ¥239 million.」
At the end of the first nine-month consolidated accounting period, cash and deposits had decreased by ¥212 million, while notes receivable, unbilled construction revenue and inventories had increased. No cash flow statement was prepared for the first nine-month cumulative period. - FY2017-Q2First statedAnnual report
「Cash provided by operating activities during the first half cumulative period included ¥52 million from an increase in advances received on uncompleted construction projects and ¥26 million from a decrease in advances paid. However, increases of ¥373 million in trade receivables and ¥399 million in inventories, together with a ¥95 million decrease in trade payables and other factors, resulted in cash used of ¥731 million, compared with cash provided of ¥323 million in the same period of the previous fiscal year.」
Operating cash flow turned from cash provided of ¥323 million in the same period of the previous fiscal year to cash used of ¥731 million, mainly due to increases in trade receivables and inventories.