Statements of Cash Flows
(Millions of yen)
| Fiscal 2022 | Fiscal 2023 | |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before income taxes | 18,264 | 18,522 |
| Depreciation | 5,546 | 5,192 |
| Impairment losses | 1,232 | 84 |
| Amortization of bond issuance costs | 24 | 19 |
| Loss on retirement of non-current assets | 110 | 123 |
| Loss (gain) on sale of non-current assets | (10) | (500) |
| Loss (gain) on sale of investment securities | (1,190) | (1,455) |
| Loss (gain) on valuation of investment securities | 1 | 18 |
| Loss (gain) on change in equity | - | (4,104) |
| Amortization of goodwill | 1,686 | 1,810 |
| Increase (decrease) in allowance for doubtful accounts | (19) | 29 |
| Increase (decrease) in provision for bonuses | 203 | (316) |
| Increase (decrease) in provision for product warranties | (118) | (105) |
| Increase (decrease) in retirement benefit liability | (189) | (576) |
| Increase (decrease) in provision for loss on litigation | 86 | 61 |
| Interest and dividend income | (410) | (698) |
| Interest expenses | 203 | 131 |
| Foreign exchange losses (gains) | (81) | (38) |
| Share of loss (profit) of entities accounted for using equity method | (46) | (1,914) |
| Decrease (increase) in trade receivables | (1,601) | (7,732) |
| Decrease (increase) in inventories | (4,650) | (6,472) |
| Increase (decrease) in trade payables | 3,926 | 2,757 |
| Decrease (increase) in consumption taxes refund receivable | (251) | (596) |
| Increase (decrease) in accrued consumption taxes | (677) | 4 |
| Other, net | 962 | (296) |
| Subtotal | 23,000 | 3,950 |
| Interest and dividends received | 410 | 698 |
| Interest paid | (204) | (129) |
| Income taxes paid | (6,371) | (4,626) |
| Net cash provided by (used in) operating activities | 16,834 | (107) |
| Cash flows from investing activities | ||
| Net decrease (increase) in time deposits | (5,038) | 1,986 |
| Purchase of property, plant and equipment | (2,803) | (2,879) |
| Proceeds from sale of property, plant and equipment | 58 | 1,081 |
| Purchase of investment securities | (25) | (15) |
| Proceeds from sale of investment securities | 2,025 | 2,149 |
| Other, net | (853) | (1,747) |
| Net cash provided by (used in) investing activities | (6,636) | 575 |
| Cash flows from financing activities | ||
| Net increase (decrease) in short-term borrowings | (4,018) | 10,380 |
| Redemption of bonds | - | (8,000) |
| Proceeds from long-term borrowings | - | 10,000 |
| Repayments of long-term borrowings | (3,363) | (2,860) |
| Repayments of finance lease liabilities | (163) | (98) |
| Purchase of treasury shares | 0 | 0 |
| Dividends paid | (2,214) | (2,736) |
| Dividends paid to non-controlling interests | (977) | (6,437) |
| Net cash provided by (used in) financing activities | (10,737) | 247 |
| Effect of exchange rate change on cash and cash equivalents | 513 | 593 |
| Net increase (decrease) in cash and cash equivalents | (25) | 1,308 |
| Cash and cash equivalents at beginning of period | 17,433 | 17,407 |
| Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation | - | (2,779) |
| Cash and cash equivalents at end of period | 17,407 | 15,936 |
