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Financial Statements

Statements of Cash Flows

Cash flows from operating activities

(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Profit (loss) before income taxes 24,697 8,846 6,115 15,828 11,774
Depreciation 10,892 10,325 10,959 10,128 8,980
Increase (decrease) in net defined benefit liability -1,020 -859 -942 -757 -275
Increase (decrease) in provision for directors' retirement benefits -2 -127 -32 -2 -
Increase (decrease) in allowance for doubtful accounts -97 -71 -156 162 -76
Interest and dividend income -817 -1,040 -882 -887 -962
Interest expenses -817 2,144 1,779 1,293 985
Foreign exchange losses (gains) -666 776 7 203 -94
Share of loss (profit) of entities accounted for using equity method -324 -143 6 -734 -1,941
Impairment loss 3,538 410 - 177 -
Loss (gain) on transfer of business - - - -9,373 -
Loss (gain) on sales of investment securities -7,740 - - - -
Loss (gain) on sales of non-current assets -9,161 -352 -490 - -257
Loss on retirement of non-current assets 566 360 152 276 92
Decrease (increase) in notes and accounts receivable-trade 3,910 423 2,095 -2,438 1,132
Decrease (increase) in inventories -3,023 -5,413 -1,198 1,990 -976
Increase (decrease) in notes and accounts payable-trade -2,856 2,354 -4,033 9,310 -518
Other, net 2,232 3,130 -1,744 6,865 1,926
Subtotal 23,217 20,763 11,636 32,043 19,788
Interest and dividend income received 817 1,039 882 887 963
Proceeds from dividend income from entities accounted for using equity method 111 164 113 213 327
Interest expenses paid -3,170 -2,190 -1,786 -1,291 -988
Extra retirement payments -1,326 -1,230 -4,030 -2,299 -170
Income taxes paid -3,087 -3,448 -2,605 -1,667 -2,412
Net cash provided by (used in ) operating activities 16,562 15,096 4,209 27,885 17,508

Cash flows from investing activities

(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Purchase of property, plant and equipment -9,350 -13,054 -12,138 -6,954 -6,341
Proceeds from sales of property, plant and equipment 48,387 6,742 1,316 124 1,061
Purchase of long-term prepaid expenses - - -622 -3,274 -
Purchase of investment securities -11 -6 -602 -966 -0
Proceeds from sales of investment securities 10,201 137 15 6 33
Payments of loans receivable -618 -602 -470 -725 -522
Collection of loans receivable -618 899 569 646 508
Purchase of shares of subsidiaries resulting in change in scope of consolidation - - - -1,095 -
Payments for sales of shares of subsidiaries resulting in change in scope of consolidation - -436 - -3,264 -
Other, net -3,525 -2,013 -1,266 -1,927 -1,831
Net cash provided by (used in) investing activities 46,254 -8,334 -13,200 -17,430 -7,093

Cash flows from financing activities

(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Increase in short-term loans payable 444,466 434,937 514,313 943,237 910,847
Decrease in short-term loans payable -458,366 -438,588 -504,385 -942,950 -911,281
Proceeds from long-term loans payable 27,968 32,000 54,800 24,200 16,300
Repayments of long-term loans payable -77,049 -37,071 -55,852 -32,476 -23,058
Cash dividends paid -1,550 -2,584 -3,101 -3,100 -3,100
Other, net -2,284 4,661 -60 -669 -377
Net cash provided by (used in) financing activities -66,816 -6,645 5,713 -11,759 -10,670
Effect of exchange rate change on cash and cash equivalents 1,808 -1,528 -303 67 229
Net increase (decrease) in cash and cash equivalents -2,191 -1,410 -3,581 -1,237 -26
Cash and cash equivalents at beginning of period 42,568 40,279 38,914 35,333 33,911
Increase (decrease) in cash and cash equivalents resulting from change of scope of consolidation -99 - -0 -184 -41
Increase (decrease) in cash and cash equivalents resulting from changes in the fiscal year-end of subsidiaries 2 - - - -
Increase in cash and cash equivalents resulting from merger with unconsolidated subsidiaries - 45 - - -
Cash and cash equivalents at end of period 40,279 38,914 35,333 33,911 33,843

Consolidated Statements of Cash Flows for the last five years (viewable as a single download)(EXCEL:38KB)

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