Trend of deterioration in operating cash flow associated with securing purchase discounts
First written in FY2018-Q2. 12 of 19 entries say "Mitigated", first in FY2019-Q2. Latest entry: 2026-11-10.
The whole theme swung hardest in 2018: 2 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-11-10MitigatedResults
「Net cash provided by operating activities was ¥3,953 million, compared with ¥3,246 million in the same period of the previous year. This was mainly because the ¥13,424 million decrease in trade receivables exceeded the ¥9,458 million decrease in trade payables.」
営業キャッシュ・フローは前年同期比で収入が増加し、運転資金面の懸念が中間期では緩和した。 - FY2027-H1MitigatedAnnual report
「Net cash provided by operating activities was ¥3,953 million, compared with ¥3,246 million in the same period of the previous year. This was mainly because the ¥13,424 million decrease in trade receivables exceeded the ¥9,458 million decrease in trade payables.」
Operating cash flow increased from ¥3,246 million in the same period of the previous year to ¥3,953 million, as the decrease in trade receivables continued to exceed the cash outflow resulting from the decrease in trade payables. - FY2026WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥3,621 million, compared with an inflow of ¥251 million in the same period of the previous year. This was mainly because the increase in trade receivables of ¥4,326 million exceeded the decrease in inventories of ¥826 million.」
Operating cash flow turned from an inflow of ¥250 million in the previous fiscal year to an outflow of ¥3.62 billion. The increase in trade receivables exceeded the decrease in inventories, and deterioration in working capital became apparent on a full-year basis. - 2026-05-13WorsenedResults
「Cash flow from operating activities was an outflow of ¥3,621 million, compared with an inflow of ¥251 million in the same period of the previous year. This was mainly because the increase in trade receivables of ¥4,326 million exceeded the decrease in inventories of ¥826 million.」
営業キャッシュ・フローは前年の251百万円の収入から3,621百万円の支出へ転じ、売上債権の増加による資金流出が示された。 - FY2026-H1MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥3,246 million, compared with an inflow of ¥3,039 million in the same period of the previous year.」
Cash flow from operating activities increased from the same period of the previous year, and the inflow trend continued due to a decrease in trade receivables and other factors, despite a decrease in trade payables. - FY2025WorsenedAnnual report
「Cash flow from operating activities was an inflow of ¥251 million, compared with an inflow of ¥3,604 million in the same period of the previous year. This was mainly because profit before income taxes of ¥4,741 million, depreciation and amortization of ¥653 million, and an increase in trade payables of ¥643 million exceeded the increase in trade receivables of ¥5,852 million.」
Operating cash flow fell sharply from an inflow of more than ¥3.6 billion in the previous year to an inflow of ¥250 million. The increase in trade receivables was cited as weighing on cash flow. - FY2025-H1MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥3,039 million, compared with an inflow of ¥2,271 million in the same period of the previous year.」
Operating cash flow increased from the same period of the previous year, and the inflow trend continued, with the decrease in trade receivables and other factors exceeding the decrease in trade payables. - FY2024MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥3,604 million, compared with an outflow of ¥96 million in the same period of the previous year.」
Operating cash flow turned from an outflow of ¥96 million in the previous fiscal year to an inflow of ¥3,604 million in the current fiscal year, easing the full-year cash outflow trend resulting from a decrease in trade payables and other factors. - FY2024-Q2Decline in operating cash flow inflowsAnnual report
「Cash flow from operating activities was an inflow of ¥2,271 million, compared with an inflow of ¥2,941 million in the same period of the previous year. This was mainly because the decrease in trade receivables of ¥8,128 million exceeded the decrease in trade payables of ¥5,236 million.」
Operating cash flow declined from an inflow of ¥2,941 million in the same period of the previous year to ¥2,271 million, but the decrease in trade receivables exceeded the decrease in trade payables, and the inflow was maintained. - FY2023MitigatedAnnual report
「Cash flow from operating activities was an outflow of ¥96 million, compared with an outflow of ¥539 million in the same period of the previous year.」
Operating cash flow decreased from an outflow of ¥539 million in the previous year to an outflow of ¥96 million, narrowing the cash outflow. However, it remained an outflow for the full year due to an increase in trade receivables and other factors. - FY2023-Q2MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥2,941 million, compared with an outflow of ¥1,662 million in the same period of the previous year. This was mainly because the decrease in trade receivables of ¥5,891 million exceeded the increase in inventories of ¥1,533 million and the decrease in trade payables of ¥2,141 million.」
Operating cash flow turned from an outflow of more than ¥1.6 billion in the same period of the previous year to an inflow of more than ¥2.9 billion. Although inventories increased and trade payables declined, the decrease in trade receivables was greater, easing the cash outflow trend. - FY2022WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥539 million, compared with an inflow of ¥4,573 million in the same period of the previous year. This was mainly because increases in inventories of ¥2,510 million and income taxes paid of ¥847 million exceeded profit before income taxes of ¥3,235 million.」
Operating cash flow turned from an inflow of more than ¥4.5 billion in the previous year to an outflow of more than ¥500 million. The increase in inventories and income tax payments exceeded profit, and the deterioration in cash flow became apparent on a full-year basis. - FY2022-Q2WorsenedAnnual report
「Cash flow from operating activities was an outflow of ¥1,662 million, compared with an inflow of ¥4,172 million in the same period of the previous year. This was mainly because increases in inventories of ¥1,153 million and the decrease in trade payables of ¥3,797 million exceeded the decrease in trade receivables of ¥3,024 million.」
Operating cash flow turned from an inflow of more than ¥4.1 billion in the same period of the previous year to an outflow of more than ¥1.6 billion. The increase in inventories and decrease in trade payables exceeded the decrease in trade receivables, causing the cash outflow trend associated with securing purchase discounts to re-emerge. - FY2021-Q2MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥4,172 million, compared with an inflow of ¥2,964 million in the same period of the previous year. This was mainly because the decrease in trade receivables of ¥10,715 million exceeded the decrease in trade payables of ¥6,033 million.」
Operating cash flow increased from ¥2,964 million in the same period of the previous year to ¥4,172 million. The decrease in trade receivables exceeded the cash outflow resulting from the decrease in trade payables, and the deterioration in cash flow continued to ease. - FY2020MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥3,672 million, compared with an inflow of ¥2,930 million in the same period of the previous year.」
Despite a decrease in trade payables, operating cash flow increased from more than ¥2.9 billion in the previous year to more than ¥3.6 billion, confirming that the cash outflow trend eased on a full-year basis. - FY2020-Q2MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥2,964 million, compared with an inflow of ¥1,835 million in the same period of the previous year. This was mainly because the decrease in trade receivables of ¥10,017 million exceeded the decrease in trade payables of ¥7,087 million.」
Cash flow from operating activities increased from ¥1,835 million in the same period of the previous year to ¥2,964 million, as the decrease in trade receivables exceeded the cash outflow resulting from the decrease in trade payables. The trend toward deterioration in operating cash flow associated with securing purchase discounts eased again during the quarter. - FY2019MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥2,930 million, compared with an outflow of ¥2,253 million in the same period of the previous year.」
Operating cash flow turned from an outflow of more than ¥2.2 billion in the previous year to an inflow of more than ¥2.9 billion, easing the full-year cash outflow trend associated with the policy for paying trade payables. - FY2019-Q2MitigatedAnnual report
「Cash flow from operating activities was an inflow of ¥1,835 million, compared with an outflow of ¥3,189 million in the same period of the previous year. This was mainly because the decrease in trade receivables of ¥6,111 million exceeded the decrease in trade payables of ¥5,210 million and income taxes paid of ¥457 million, as well as other items, against profit before income taxes of ¥1,576 million.」
Operating cash flow turned from an outflow of ¥3,189 million in the same period of the previous year to an inflow of ¥1,835 million. Although a decrease in trade payables continued, the decline in trade receivables and other factors exceeded it, easing the cash outflow trend during the quarter. - FY2018-Q2First statedAnnual report
「Cash flow from operating activities was an outflow of ¥3,189 million, compared with an inflow of ¥859 million in the same period of the previous year. The company is promoting payment of trade payables at the end of the following month to secure purchase discounts, and cash flow from operating activities tends to deteriorate as sales increase.」
The policy of paying trade payables at the end of the following month to secure purchase discounts was cited as a factor contributing to the deterioration in operating cash flow accompanying sales growth. During the six months ended the second quarter, cash flow from operating activities was an outflow of ¥3,189 million, and cash and cash equivalents decreased by ¥2,503 million from the beginning of the period.