Statements of Cash Flows
Cash flows from operating activities
| (Millions of yen) | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 |
|---|---|---|---|---|---|
| Profit before income taxes | 11,774 | 6,201 | 6,424 | 8,876 | 9,642 |
| Depreciation | 8,980 | 10,315 | 10,690 | 10,879 | 12,359 |
| Increase (decrease) in allowance for doubtful accounts | -76 | 134 | 65 | -167 | -14 |
| Increase (decrease) in retirement benefit liability | -275 | 149 | -1,152 | -1,796 | -865 |
| Interest and dividend income | -962 | -935 | -827 | -842 | -970 |
| Interest expenses | 985 | 982 | 899 | 896 | 1,139 |
| Foreign exchange losses (gains) | -94 | 75 | 74 | -485 | 18 |
| Share of loss (profit) of entities accounted for using equity method | -1,941 | -1,313 | 1,826 | -898 | -1,224 |
| Impairment loss | - | 240 | - | - | - |
| Loss (gain) on sale of investment securities | - | - | -7,603 | - | 548 |
| Loss (gain) on sale of non-current assets | -257 | -346 | -1,043 | - | -228 |
| Loss on retirement of non-current assets | 92 | 245 | 192 | 304 | 270 |
| Decrease (increase) in trade receivables | 1,132 | 2,388 | -911 | 1,496 | 688 |
| Decrease (increase) in inventories | -976 | -7,446 | -1,552 | -2,048 | -8,235 |
| Increase (decrease) in trade payables | -518 | -4,358 | -3,889 | 176 | -3,399 |
| Other, net | 1,926 | -2,643 | 1,118 | 6,060 | 2,296 |
| Subtotal | 19,788 | 3,689 | 4,311 | 22,452 | 12,025 |
| Interest and dividends received | 963 | 935 | 827 | 842 | 971 |
| Dividends received from entities accounted for using equity method | 327 | 1,456 | 127 | 176 | 232 |
| Interest paid | -988 | -990 | -898 | -897 | -1,133 |
| Extra retirement payments | -170 | -666 | -1 | - | - |
| Income taxes paid | -2,412 | -1,720 | -1,492 | -2,215 | -2,834 |
| Net cash provided by (used in) operating activities | 17,508 | 2,704 | 2,874 | 20,358 | 9,261 |
Cash flows from investing activities
| (Millions of yen) | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 |
|---|---|---|---|---|---|
| Purchase of property, plant and equipment | -6,341 | -8,852 | -17,735 | -8,797 | -12,182 |
| Proceeds from sale of property, plant and equipment | 1,061 | 546 | 1,864 | 642 | 269 |
| Purchase of investment securities | -0 | -0 | -200 | -34 | -0 |
| Proceeds from sale of investment securities | 33 | 2 | 10,624 | 301 | 513 |
| Loan advances | -522 | -477 | -806 | -487 | -1,013 |
| Proceeds from collection of loans receivable | 508 | 1,229 | 790 | 693 | 733 |
| Purchase of shares of subsidiaries resulting in change in scope of consolidation | - | -219 | -1,365 | - | -1,428 |
| Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation | - | - | - | 218 | - |
| Other, net | -1,831 | -2,916 | -1,008 | -1,854 | -2,427 |
| Net cash provided by (used in) investing activities | -7,093 | -10,688 | -7,838 | -9,318 | -15,535 |
Cash flows from financing activities
| (Millions of yen) | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 |
|---|---|---|---|---|---|
| Proceeds from short-term borrowings | 910,847 | 893,019 | 1,451,815 | 1,267,894 | 1,408,747 |
| Repayments of short-term borrowings | -911,281 | -883,432 | -1,438,848 | -1,277,121 | -1,400,675 |
| Proceeds from long-term borrowings | 16,300 | 16,800 | 20,800 | 18,600 | 32,800 |
| Repayments of long-term borrowings | -23,058 | -21,124 | -19,172 | -19,045 | -25,629 |
| Repayments of lease liabilities | -371 | -1,463 | -1,798 | -1,716 | -1,895 |
| Dividends paid | -3,100 | -3,100 | -2,067 | -2,067 | -2,583 |
| Other, net | -5 | -20 | -265 | -453 | -198 |
| Net cash provided by (used in) financing activities | -10,670 | 678 | 10,465 | -13,909 | 10,564 |
| Effect of exchange rate change on cash and cash equivalents | 229 | -427 | 727 | 1,267 | 1,180 |
| Net increase (decrease) in cash and cash equivalents | -26 | -7,732 | 6,228 | -1,601 | 5,470 |
| Cash and cash equivalents at beginning of period | 33,911 | 33,843 | 26,111 | 32,340 | 30,738 |
| Increase (decrease) in cash and cash equivalents resulting from change of scope of consolidation | -41 | - | - | - | - |
| Cash and cash equivalents at end of period | 33,843 | 26,111 | 32,340 | 30,738 | 36,209 |
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