Financial Statements

Statements of Cash Flows

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Profit before income taxes	6,201	6,424	8,876	9,642	15,123
Depreciation	10,315	10,690	10,879	12,359	13,301
Increase (decrease) in allowance for doubtful accounts	134	65	-167	-14	28
Increase (decrease) in retirement benefit liability	149	-1,152	-1,796	-865	-830
Interest and dividend income	-935	-827	-842	-970	-1,353
Interest expenses	982	899	896	1,139	1,350
Foreign exchange losses (gains)	75	74	-485	18	-187
Share of loss (profit) of entities accounted for using equity method	-1,313	1,826	-898	-1,224	-1,389
Impairment loss	240	-	-	-	806
Loss (gain) on sale of investment securities	-	-7,603	-	548	-139
Loss (gain) on sale of non-current assets	-346	-1,043	-	-228	-1,230
Loss on retirement of non-current assets	245	192	304	270	650
Decrease (increase) in trade receivables	2,388	-911	1,496	688	-4,276
Decrease (increase) in inventories	-7,446	-1,552	-2,048	-8,235	3,708
Increase (decrease) in trade payables	-4,358	-3,889	176	-3,399	3,899
Other, net	-2,643	1,118	6,060	2,296	5,142
Subtotal	3,689	4,311	22,452	12,025	34,605
Interest and dividends received	935	827	842	971	1,353
Dividends received from entities accounted for using equity method	1,456	127	176	232	241
Interest paid	-990	-898	-897	-1,133	-1,360
Extra retirement payments	-666	-1	-	-	-
Income taxes paid	-1,720	-1,492	-2,215	-2,834	-2,113
Net cash provided by (used in) operating activities	2,704	2,874	20,358	9,261	32,726

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Purchase of property, plant and equipment	-8,852	-17,735	-8,797	-12,182	-11,023
Proceeds from sale of property, plant and equipment	546	1,864	642	269	1,661
Purchase of investment securities	-0	-200	-34	-0	-0
Proceeds from sale of investment securities	2	10,624	301	513	191
Loan advances	-477	-806	-487	-1,013	-588
Proceeds from collection of loans receivable	1,229	790	693	733	716
Purchase of shares of subsidiaries resulting in change in scope of consolidation	-219	-1,365	-	-1,428	-2,466
Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation	-	-	218	-	-
Other, net	-2,916	-1,008	-1,854	-2,427	-3,586
Net cash provided by (used in) investing activities	-10,688	-7,838	-9,318	-15,535	-15,095

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Proceeds from short-term borrowings	893,019	1,451,815	1,267,894	1,408,747	1,466,028
Repayments of short-term borrowings	-883,432	-1,438,848	-1,277,121	-1,400,675	-1,475,464
Proceeds from long-term borrowings	16,800	20,800	18,600	32,800	17,691
Repayments of long-term borrowings	-21,124	-19,172	-19,045	-25,629	-23,941
Purchase of treasury shares	-	-	-	-0	-1,421
Repayments of lease liabilities	-1,463	-1,798	-1,716	-1,895	-2,381
Dividends paid	-3,100	-2,067	-2,067	-2,583	-3,100
Other, net	-20	-265	-453	-197	-429
Net cash provided by (used in) financing activities	678	10,465	-13,909	10,564	-23,017
Effect of exchange rate change on cash and cash equivalents	-427	727	1,267	1,180	1,860
Net increase (decrease) in cash and cash equivalents	-7,732	6,228	-1,601	5,470	-3,526
Cash and cash equivalents at beginning of period	33,843	26,111	32,340	30,738	36,209
Cash and cash equivalents at end of period	26,111	32,340	30,738	36,209	32,683