Komori
Daiun (9363) · RiskWorsened

Cash flow risk from advances for ocean freight, customs duties and other charges

First written in FY2016. 22 of 40 entries say "Worsened", first in FY2018-Q2. Latest entry: 2026-11-12.

40entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2025-H1 – 2026-11-122016: 320162017: 420172018: 420182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 42026
Same theme, other companies
Uncollectible advancesA theme 3 companies write about · 4 as a headwind · 0 as a tailwind

Daiun moved to the "Worse" side of this theme in 2021.

2 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Current assets at the end of the fiscal year amounted to ¥2,950.093 million, an increase of ¥212.081 million from the end of the previous fiscal year. This was mainly due to increases of ¥181.274 million in cash and deposits and ¥35.562 million in advances, and a decrease of ¥7.573 million in prepaid expenses, among other factors.」

    Advances increased by ¥35.562 million from the end of the previous fiscal year to ¥639.911 million. In addition to advances, delays in collecting operating receivables and bad debts were identified as key risks, increasing the funding burden and collection exposure.
  2. 2026-05-14WorsenedResults

    「This was attributable mainly to an increase of ¥181.274 million in cash and deposits, an increase of ¥35.562 million in advances paid on behalf of others, and a decrease of ¥7.573 million in prepaid expenses.」

    Advances paid on behalf of others increased from ¥604.348 million to ¥639.911 million, expanding the funding burden and collection exposure associated with such payments.
  3. FY2026-H1WorsenedAnnual report

    「Current assets at the end of the interim accounting period amounted to ¥2,853.188 million, an increase of ¥115.176 million from the end of the previous fiscal year. This was mainly due to increases of ¥78.797 million in advances and ¥37.666 million in operating receivables, and a decrease of ¥0.236 million in notes receivable, among other factors.」

    Advances increased by ¥78.797 million from the end of the previous fiscal year to ¥683.146 million, and operating receivables also increased by ¥37.666 million. The funding burden and collection exposure associated with payments made on behalf of others have increased.
  4. FY2025WorsenedAnnual report

    「Current assets at the end of the fiscal year amounted to ¥2,738.011 million, a decrease of ¥337.266 million from the end of the previous fiscal year. This was mainly due to an increase of ¥98.699 million in advances and a decrease of ¥462.346 million in cash and deposits, among other factors.」

    Advances increased by ¥98.699 million to ¥604.348 million, while cash and deposits decreased by ¥462.346 million. The funding burden and collection exposure associated with payments made on behalf of others have increased.
  5. FY2025-H1WorsenedAnnual report

    「Current assets at the end of the interim accounting period amounted to ¥2,940.746 million, a decrease of ¥134.531 million from the end of the previous fiscal year. This was mainly due to increases of ¥73.468 million in advances and ¥35.727 million in operating receivables, and a decrease of ¥248.191 million in cash and deposits, among other factors.」

    Advances increased by ¥73.468 million to ¥579.118 million, and operating receivables also increased. Cash and deposits decreased by ¥248.191 million, increasing the funding burden and collection exposure associated with payments made on behalf of others.
  6. FY2024MitigatedAnnual report

    「Current assets at the end of the fiscal year amounted to ¥3,075.278 million, an increase of ¥203.709 million from the end of the previous fiscal year. This was mainly due to increases of ¥297.871 million in cash and deposits and decreases of ¥8.744 million in operating receivables and ¥85.829 million in advances, among other factors.」

    Advances decreased by ¥85.829 million from the end of the previous fiscal year to ¥505.649 million, reducing the funding exposure associated with payments made on behalf of others. Cash and deposits also increased.
  7. FY2024-Q3MitigatedAnnual report

    「Advances ¥591.479 million ¥451.852 million」

    Advances decreased by ¥139.626 million, from ¥591.479 million at the end of the previous fiscal year to ¥451.852 million, reducing the funding exposure associated with payments made on behalf of others.
  8. FY2024-Q2WorsenedAnnual report

    「Current assets at the end of the second quarter accounting period increased by ¥414.273 million from the end of the previous fiscal year to ¥3,285.842 million. This was attributable to an increase of ¥203.615 million in cash and deposits, an increase of ¥128.884 million in other current assets, an increase of ¥47.210 million in advances, and other factors.」

    Advances increased by ¥47.210 million from ¥591.479 million at the end of the previous fiscal year to ¥638.690 million, expanding the funding exposure associated with advances.
  9. FY2024-Q1MitigatedAnnual report

    「Current assets at the end of the first quarter accounting period increased by ¥206.009 million from the end of the previous fiscal year to ¥3,077.577 million. This was attributable to an increase of ¥169.719 million in cash and deposits, an increase of ¥165.749 million in other current assets, a decrease of ¥115.942 million in advances, and other factors.」

    Advances decreased by ¥115.942 million from the end of the previous fiscal year, from ¥591.479 million to ¥475.536 million, reducing the funding exposure associated with advances.
  10. FY2023MitigatedAnnual report

    「Current assets at the end of the fiscal year decreased by ¥22.429 million from the end of the previous fiscal year to ¥2,871.568 million. This was attributable to an increase of ¥87.807 million in cash and deposits, a decrease of ¥39.488 million in operating receivables, a decrease of ¥75.219 million in advances, and other factors.」

    Advances decreased by ¥75.219 million from the end of the previous fiscal year to ¥591.479 million, while operating receivables also decreased. The funding exposure associated with advances is contracting.
  11. FY2023-Q3MitigatedAnnual report

    「Current assets at the end of the third quarter accounting period increased by ¥162.287 million from the end of the previous fiscal year to ¥3,056.285 million. This was attributable to an increase of ¥163.340 million in cash and deposits, an increase of ¥45.067 million in operating receivables, a decrease of ¥45.552 million in advances, and other factors.」

    Advances decreased by ¥45.552 million from the end of the previous fiscal year to ¥621.146 million, while cash and deposits increased by ¥163.340 million. The funding exposure associated with advances has contracted from the previous quarter.
  12. FY2023-Q2WorsenedAnnual report

    「Current assets at the end of the second quarter accounting period increased by ¥440.840 million from the end of the previous fiscal year to ¥3,334.838 million. This was attributable to an increase of ¥138.650 million in cash and deposits, an increase of ¥81.938 million in operating receivables, an increase of ¥207.738 million in advances, and other factors.」

    Advances increased by ¥207.738 million from the end of the previous fiscal year to ¥874.436 million, while operating receivables also increased. The funding exposure and collection burden associated with advances are expanding.
  13. FY2023-Q1WorsenedAnnual report

    「Current assets at the end of the first quarter accounting period increased by ¥203.910 million from the end of the previous fiscal year to ¥3,097.908 million. This was attributable to an increase of ¥70.661 million in operating receivables, an increase of ¥131.229 million in advances, and other factors.」

    Advances increased by ¥131.229 million from ¥666.698 million at the end of the previous fiscal year to ¥797.928 million, expanding the funding exposure associated with advances.
  14. FY2022WorsenedAnnual report

    「Current assets at the end of the fiscal year increased by ¥39.830 million from the end of the previous fiscal year to ¥2,893.997 million. This was attributable to an increase of ¥107.863 million in advances, a decrease of ¥48.111 million in cash and deposits, a decrease of ¥20.006 million in operating receivables, and other factors.」

    Advances increased by ¥107.863 million from the end of the previous fiscal year to ¥666.698 million, while cash and deposits decreased by ¥48.111 million. The funding exposure associated with advances is expanding.
  15. FY2022-Q3WorsenedAnnual report

    「Current assets at the end of the third quarter accounting period increased by ¥284.717 million from the end of the previous fiscal year to ¥3,138.884 million. This was attributable to an increase of ¥25.913 million in operating receivables, an increase of ¥253.349 million in advances, and other factors.」

    Advances increased by ¥253.349 million from ¥558.835 million at the end of the previous fiscal year to ¥812.184 million, significantly expanding the funding exposure associated with advances.
  16. FY2022-Q2WorsenedAnnual report

    「Current assets at the end of the second quarter accounting period increased by ¥421.719 million from the end of the previous fiscal year to ¥3,275.886 million. This was attributable to an increase of ¥195.072 million in cash and deposits, an increase of ¥139.535 million in advances, and other factors.」

    Advances increased by ¥139.535 million from ¥558.835 million at the end of the previous fiscal year to ¥698.371 million, again expanding the funding exposure associated with advances. Although cash and deposits increased, the rise in the balance of advances indicates a deterioration in cash flow risk.
  17. FY2022-Q1MitigatedAnnual report

    「Current assets at the end of the first quarter accounting period decreased by ¥11.082 million from the end of the previous fiscal year to ¥2,843.084 million. This was attributable to an increase of ¥19.309 million in cash and deposits, a decrease of ¥28.838 million in advances, and other factors.」

    Advances decreased by ¥28.838 million from ¥558.835 million at the end of the previous fiscal year to ¥529.997 million, reducing the funding exposure associated with advances. Cash and deposits also increased by ¥19.309 million.
  18. FY2021WorsenedAnnual report

    「Current assets at the end of the fiscal year increased by ¥419.061 million from the end of the previous fiscal year to ¥2,854.167 million. This was attributable to an increase of ¥297.970 million in cash and deposits, an increase of ¥58.380 million in operating receivables, an increase of ¥109.095 million in advances, a decrease of ¥54.095 million in other assets, and other factors.」

    Advances increased by ¥109.095 million from the end of the previous fiscal year to ¥558.835 million. Operating receivables also increased, expanding the funding exposure associated with advances and receivables collection.
  19. FY2021-Q3WorsenedAnnual report

    「Current assets at the end of the third quarter accounting period increased by ¥531.817 million from the end of the previous fiscal year to ¥2,966.922 million. This was attributable to an increase of ¥385.824 million in cash and deposits, an increase of ¥136.489 million in advances, and other factors.」

    Advances increased by ¥136.489 million from ¥449.739 million at the end of the previous fiscal year to ¥586.229 million, again expanding the funding exposure associated with advances. Although cash and deposits increased, the increase in advances itself indicates a deterioration in cash flow risk.
  20. FY2021-Q2WorsenedAnnual report

    「Current assets at the end of the second quarter accounting period increased by ¥543.967 million from the end of the previous fiscal year to ¥2,979.073 million. This was attributable to an increase of ¥473.857 million in cash and deposits, an increase of ¥106.354 million in advances, and other factors.」

    Advances increased by ¥106.354 million from the end of the previous fiscal year to ¥556.094 million, again expanding the funding exposure associated with advances. The ¥106.354 million increase in advances was also identified as a major factor reducing cash flow from operating activities.
  21. FY2021-Q1MitigatedAnnual report

    「Advances ¥449.739 million ¥420.136 million」

    The balance of advances decreased by ¥29.603 million from ¥449.739 million at the end of the previous fiscal year to ¥420.136 million. The funding exposure associated with advances is contracting.
  22. FY2020MitigatedAnnual report

    「Current assets at the end of the fiscal year increased by ¥700 thousand from the end of the previous fiscal year to ¥2,435.105 million. This was attributable to an increase of ¥81.542 million in cash and deposits, an increase of ¥53.788 million in other assets, a decrease of ¥43.669 million in operating receivables, a decrease of ¥82.652 million in advances, and other factors.」

    Advances decreased by ¥82.652 million from the end of the previous fiscal year to ¥449.739 million, while cash and deposits increased by ¥81.542 million. The funding exposure from advances shifted from expansion through the previous quarter to contraction.
  23. FY2020-Q3MitigatedAnnual report

    「Advances ¥532.392 million ¥517.083 million」

    The balance of advances decreased by ¥15.309 million from ¥532.392 million at the end of the previous fiscal year to ¥517.083 million, modestly reducing the funding exposure associated with advances.
  24. FY2020-Q2WorsenedAnnual report

    「Advances ¥532.392 million ¥571.027 million」

    Advances increased by ¥38.635 million from ¥532.392 million at the end of the previous fiscal year to ¥571.027 million, increasing the funding exposure associated with advances. Meanwhile, cash and deposits increased by ¥234.956 million.
  25. FY2020-Q1MitigatedAnnual report

    「Advances ¥532.392 million ¥523.588 million」

    The balance of advances decreased by ¥8.804 million from ¥532.392 million at the end of the previous fiscal year to ¥523.588 million, modestly reducing the funding exposure associated with advances. Cash and deposits also increased by ¥298.504 million.
  26. FY2019WorsenedAnnual report

    「Operating advances have increased, increasing the funding burden and collection risk, and we will strengthen the management of advances and accelerate collections.」

    Advances increased by ¥136.964 million from the end of the previous fiscal year to ¥532.392 million, while cash and cash equivalents decreased by ¥754.330 million. The funding burden and collection risk associated with advances are expanding.
  27. FY2019-Q3WorsenedAnnual report

    「Current assets at the end of the third quarter accounting period decreased by ¥508.521 million from the end of the previous fiscal year to ¥2,579.410 million. This was attributable to a decrease of ¥608.819 million in cash and deposits, an increase of ¥145.753 million in advances, and other factors.」

    Advances increased by ¥145.753 million from ¥395.427 million at the end of the previous fiscal year to ¥541.181 million, while cash and deposits decreased by ¥608.819 million. The funding exposure and cash flow burden associated with advances are expanding.
  28. FY2019-Q2WorsenedAnnual report

    「Current assets at the end of the second quarter accounting period increased by ¥377.716 million from the end of the previous fiscal year to ¥2,710.215 million. This was attributable to a decrease of ¥618.108 million in cash and deposits, an increase of ¥221.860 million in advances, an increase of ¥1.846 million in operating receivables, and other factors.」

    Advances increased by ¥221.860 million from ¥395.427 million at the end of the previous fiscal year to ¥617.288 million, while cash and deposits decreased by ¥618.108 million. The funding exposure and cash flow burden associated with advances are expanding.
  29. FY2019-Q1WorsenedAnnual report

    「Advances ¥395.427 million ¥416.047 million」

    The balance of advances increased by ¥20.620 million from ¥395.427 million at the end of the previous fiscal year to ¥416.047 million, increasing the funding exposure associated with advances.
  30. FY2018MitigatedAnnual report

    「As a longstanding industry practice, companies commonly pay ocean freight, customs duties, consumption tax, and other amounts that should be paid by shippers on a temporary basis as part of their services. These advances tend to increase as operating activity expands, and there is also a risk that advances for consumption tax could surge following a change in the consumption tax rate.」

    Although the explanation of the risk associated with advances continues, advances decreased from ¥440.259 million at the end of the previous fiscal year to ¥395.427 million, reducing the disclosed exposure.
  31. FY2018-Q3MitigatedAnnual report

    「This was attributable to a decrease of ¥115.093 million in cash and deposits, a decrease of ¥43.806 million in advances, and other factors.」

    Advances decreased by ¥43.806 million from ¥440.259 million at the end of the previous fiscal year to ¥396.452 million, reducing the exposure to advances.
  32. FY2018-Q2WorsenedAnnual report

    「Current assets at the end of the second quarter accounting period decreased by ¥70.328 million from the end of the previous fiscal year to ¥3,307.097 million. This was attributable to a decrease of ¥152.983 million in cash and deposits, an increase of ¥69.823 million in advances, an increase of ¥7.477 million in operating receivables, and other factors.」

    Advances increased by ¥69.823 million from ¥440.259 million at the end of the previous fiscal year to ¥510.082 million, increasing the exposure to advances. Cash and deposits also decreased by ¥152.983 million, indicating renewed deterioration in the cash flow burden.
  33. FY2018-Q1MitigatedAnnual report

    「This was attributable to a decrease of ¥73.094 million in advances, a decrease of ¥40.297 million in operating receivables, and other factors.」

    Advances decreased by ¥73.094 million from ¥440.259 million at the end of the previous fiscal year to ¥367.164 million, reducing the exposure to advances.
  34. FY2017MitigatedAnnual report

    「As a longstanding industry practice, companies commonly pay ocean freight, customs duties, consumption tax, and other amounts that should be paid by shippers on a temporary basis as part of their services. These advances tend to increase as operating activity expands, and there is also a risk that advances for consumption tax could surge following a change in the consumption tax rate.」

    Although the explanation of the risk associated with advances continues, the balance of advances decreased by ¥36.793 million from ¥477.052 million at the end of the previous fiscal year to ¥440.259 million, reducing the disclosed exposure.
  35. FY2017-Q3MitigatedAnnual report

    「Advances ¥477.052 million ¥419.960 million」

    The balance of advances decreased from ¥477.052 million at the end of the previous fiscal year to ¥419.960 million, reducing the exposure to advances.
  36. FY2017-Q2RestatedAnnual report

    「Advances ¥477.052 million ¥485.829 million」

    The balance of advances increased from ¥477.052 million at the end of the previous fiscal year to ¥485.829 million, but no material changes in business and other risks were reported, and the risk associated with advances continues to be disclosed.
  37. FY2017-Q1MitigatedAnnual report

    「This was attributable to an increase of ¥212.345 million in cash and deposits, a decrease of ¥70.696 million in advances, and other factors.」

    The balance of advances decreased by ¥70.696 million from ¥477.052 million at the end of the previous fiscal year to ¥406.356 million, reducing the disclosed exposure to advances.
  38. FY2016First statedAnnual report

    「As a longstanding industry practice, companies commonly pay ocean freight, customs duties, consumption tax, and other amounts that should be paid by shippers on a temporary basis as part of their services. These advances tend to increase as operating activity expands, and there is also a risk that advances for consumption tax could surge following a change in the consumption tax rate. This is expected to continue affecting cash flow from operating activities.」

    The disclosed balance of advances was ¥477.052 million, an increase of ¥67.252 million year on year. The risk of a sharp increase following a change in the consumption tax rate is cited as a future risk.
Moved together

"Improving and Stabilizing the Financial Position and Management Efficiency" moved the same way as this thread, in the same document, in 20 of its 40 moves.

201714131310★123456
  1. ★This thread
  2. 1Improving and Stabilizing the Financial Position and Management Efficiency20×
  3. 2China and Emerging Markets: Slowing Growth and Increasing Economic Uncertainty17×
  4. 3Early elimination of accumulated losses and securing stable profits every fiscal year14×
  5. 4Challenging earnings environment in the automobile transportation business13×
  6. 5Fixed-cost reductions and greater cost efficiency13×
  7. 6Stronger management and early collection of advances paid10×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Daiun's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Results of 2026-11-12: "Worsened".
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