Financial Statements

Statements of Cash Flows

(￥million)	FY2021	FY2022	FY2023	FY2024	FY2025
Profit before income taxes	8,876	9,642	15,123	20,273	31,807
Depreciation	10,879	12,359	13,301	14,307	14,085
Increase (decrease) in allowance for doubtful accounts	-167	-14	28	206	168
Increase (decrease) in retirement benefit liability	-1,796	-865	-830	-253	-838
Interest and dividend income	-842	-970	-1,353	-1,443	-1,431
Interest expenses	896	1,139	1,350	1,567	1,389
Foreign exchange losses (gains)	-485	18	-187	0	-571
Share of loss (profit) of entities accounted for using equity method	-898	-1,224	-1,389	-1,240	-1,481
Impairment loss	-	-	806	2,217	938
Loss (gain) on sale of investment securities	-	548	-139	-1,858	-
Loss (gain) on sale of non-current assets	-	-228	-1,230	-999	-561
Loss on retirement of non-current assets	304	270	650	487	416
Decrease (increase) in trade receivables	1,496	688	-4,276	4,827	-3,508
Decrease (increase) in inventories	-2,048	-8,235	3,708	2,467	-929
Increase (decrease) in trade payables	176	-3,399	3,899	-2,909	648
Other, net	6,060	2,296	5,142	1,454	4,949
Subtotal	22,452	12,025	34,605	39,105	45,080
Interest and dividends received	842	971	1,353	1,443	1,431
Dividends received from entities accounted for using equity method	176	232	241	279	301
Interest paid	-897	-1,133	-1,360	-1,548	-1,392
Income taxes paid	-2,215	-2,834	-2,113	-6,670	-8,652
Net cash provided by (used in) operating activities	20,358	9,261	32,726	32,609	36,769

(￥million)	FY2021	FY2022	FY2023	FY2024	FY2025
Purchase of property, plant and equipment	-8,797	-12,182	-11,023	-10,362	-9,680
Proceeds from sale of property, plant and equipment	642	269	1,661	2,598	667
Purchase of investment securities	-34	-0	-0	-101	-0
Proceeds from sale of investment securities	301	513	191	2,483	9
Loan advances	-487	-1,013	-588	-640	-585
Proceeds from collection of loans receivable	693	733	716	821	696
Purchase of intangible assets	-1,446	-1,977	-2,923	-3,309	-4,267
Purchase of shares of subsidiaries resulting in change in scope of consolidation	-	-1,428	-2,466	-	-801
Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation	218	-	-	-	-
Other, net	-407	-449	-663	-610	-833
Net cash provided by (used in) investing activities	-9,318	-15,535	-15,095	-9,120	-14,794

(￥million)	FY2021	FY2022	FY2023	FY2024	FY2025
Proceeds from short-term borrowings	1,267,894	1,408,747	1,466,028	1,210,538	1,096,404
Repayments of short-term borrowings	-1,277,121	-1,400,675	-1,475,464	-1,224,350	-1,104,506
Proceeds from long-term borrowings	18,600	32,800	17,691	27,300	21,400
Repayments of long-term borrowings	-19,045	-25,629	-23,941	-23,639	-25,548
Purchase of treasury shares	-1	-0	-1,421	-2	-4
Repayments of lease liabilities	-1,716	-1,895	-2,381	-2,365	-2,884
Dividends paid	-2,067	-2,583	-3,100	-3,617	-4,754
Purchase of shares of subsidiaries not resulting in change in scope of consolidation	-	-	-	-228	-489
Other, net	-452	-197	-429	-153	-72
Net cash provided by (used in) financing activities	-13,909	10,564	-23,017	-16,520	-20,455
Effect of exchange rate change on cash and cash equivalents	1,267	1,180	1,860	-223	2,656
Net increase (decrease) in cash and cash equivalents	-1,601	5,470	-3,526	6,746	4,176
Cash and cash equivalents at beginning of period	32,340	30,738	36,209	32,683	39,429
Increase (decrease) in cash and cash equivalents resulting from change in accounting period of subsidiaries	-	-	-	-	-118
Cash and cash equivalents at end of period	30,738	36,209	32,683	39,429	43,487

A dash (-) is used for items not separately disclosed or with zero balances.