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Statements of Cash Flow

since 2001

(Millions of yen)
  FY2019 FY2020
Cash flows from operating activities    
Income before income taxes 7,583 16,706
Depreciation and amortization 4,013 3,794
Impairment loss 2,202 3,238
Amortization of goodwill 819 662
Increase (decrease) in allowance for doubtful accounts 25 (106)
Increase (decrease) in provision for bonuses 26 464
Increase (decrease) in net defined benefit liability 125 128
Decrease (increase) in net defined benefit asset 77 (177)
Increase (decrease) in provision for directors’ stock benefit 2 159
Increase (decrease) in provision for employees’ stock grant 46 139
Interest and dividends income (65) (75)
Interest expenses 200 290
Subsidy income (80) (636)
Share of (profit) loss of entities accounted for using equity method 3 110
Loss (gain) on sales and retirement of non-current assets 172 367
Loss (gain) on sales of investment securities (29) (3)
Loss (gain) on valuation of investment securities 329 71
Decrease (increase) in notes and accounts receivable-trade (3,536) (1,422)
Decrease (increase) in inventories (216) (458)
Decrease (increase) in other assets (307) (1,013)
Increase (decrease) in operating debt 1,248 (845)
Increase (decrease) in accrued consumption taxes 2,803 527
Increase (decrease) in deposits received 1,389 1,102
Increase (decrease) in other liabilities (444) 3,127
Other 479 104
Subtotal 16,867 26,256
Interest and dividends income received 79 87
Interest expenses paid (197) (292)
Proceeds from subsidy 80 636
Income taxes paid (5,406) (7,820)
Net cash provided by operating activities 11,424 18,868
Cash flows from investment activities    
Decrease (increase) in time deposits (466) 755
Purchase of property, plant and equipment (4,810) (7,031)
Proceeds from sales of property, plant and equipment 855 10
Purchase of intangible assets (1,894) (1,721)
Purchase of investment securities (242) (33)
Proceeds from sales of investment securities 41 7
Purchase of shares of subsidiaries resulting in charge in scope of consolidation co c (183)
Payments of loans receivable (5) (59)
Collection of loans receivable 23 61
Payments for lease and guarantee deposits (816) (1,592)
Proceeds from collection of lease and guarantee deposits 224 326
Payments for asset retirement obligation (24) (123)
Payments for transfer of business (0) (14)
Other 153 (66)
Net cash used in investment activities (6,964) (9,665)
Cash flows from financing activities    
Net increase (decrease) in short-term loans payable (3,000) 5
Proceeds from long-term loans payable 19,035 7,511
Repayment of long-term loans payable (6,429) (8,901)
Repayments of finance lease obligations (744) (645)
Proceeds from issuance of bonds 2,309
Redemption of bonds (56) (306)
Purchase of treasury shares (498)
Proceeds from disposal of treasury shares 498
Purchase of treasury shares of subsidiaries (5,173) (0)
Proceeds from disposal of treasury shares of subsidiaries 264
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation (0) (19)
Proceeds from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation 8,658 0
Cash dividends paid (710) (756)
Dividends paid to non-controlling interests (2,050) (2,041)
Other (0) 5
Net cash provided by (used in) financing activities 12,102 (5,147)
Effect of exchange rate change on cash and cash equivalents (91) 95
Net increase (decrease) in cash and cash equivalents 16,470 4,150
Cash and cash equivalents at the beginning of the period 31,793 48,147
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation (116)
Cash and cash equivalents at the end of the period 48,147 52,298

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