Statements of Cash Flow

since 2001

(Millions of yen)

	FY2021	FY2022
Cash flows from operating activities
Profit before income taxes	22,290	16,766
Depreciation and amortization	4,419	5,126
Impairment loss	132	－
Amortization of goodwill	709	721
Increase (decrease) in allowance for doubtful accounts	20	62
Increase (decrease) in provision for bonuses	153	(96)
Increase (decrease) in net defined benefit liability	(41)	(0)
Decrease (increase) in net defined benefit asset	(629)	(120)
Increase (decrease) in provision for directors’ stock benefit	171	2
Increase (decrease) in provision for employees’ stock grant	138	(5)
Interest and dividends income	(71)	(82)
Interest expenses	293	393
Subsidy income	(720)	(968)
Share of (profit) loss of entities accounted for using equity method	(142)	(153)
Loss (gain) on sales and retirement of non-current assets	76	97
Loss (gain) on sales of investment securities	2	(1,267)
Loss (gain) on valuation of investment securities	19	－
Decrease (increase) in notes, accounts receivable-trade and contract assets	(6,112)	(1,188)
Decrease (increase) in inventories	(315)	199
Decrease (increase) in other assets	(1,907)	(3,023)
Increase (decrease) in operating debt	2,823	(901)
Increase (decrease) in accrued consumption taxes	(862)	39
Increase (decrease) in deposits received	(1,201)	1,061
Increase (decrease) in other liabilities	(1,669)	1,717
Other	104	(178)
Subtotal	17,679	18,202
Interest and dividends income received	86	98
Interest expenses paid	(286)	(374)
Proceeds from subsidy	720	968
Income taxes paid	(8,084)	(12,932)
Net cash provided by operating activities	10,115	5,961
Cash flows from investment activities
Decrease (increase) in time deposits	10	(21)
Purchase of property, plants, and equipment	(11,632)	(9,029)
Proceeds from sales of property, plants, and equipment	13	99
Purchase of intangible assets	(4,683)	(4,591)
Purchase of investment securities	(744)	(595)
Proceeds from sales of investment securities	95	1,790
Purchase of shares of subsidiaries resulting in charge in scope of consolidation	(10,451)	(1,268)
Payments of loans receivable	(7)	(10)
Collection of loans receivable	11	20
Payments for lease and guarantee deposits	(2,493)	(638)
Proceeds from collection of lease and guarantee deposits	256	1,962
Payments for asset retirement obligation	(50)	(79)
Other	52	(140)
Net cash used in investment activities	(29,624)	(12,502)
Cash flows from financing activities
Net increase (decrease) in short-term loans payable	(61)	(14)
Proceeds from long-term loans payable	29,129	15,727
Repayment of long-term loans payable	(11,098)	(10,339)
Proceeds from sale and leaseback	257	－
Repayments of finance lease obligations	(686)	(448)
Proceeds from issuance of bonds	2,500	－
Redemption of bonds	(586)	(586)
Proceeds from payments from noncontrolling interests	1,171	201
Purchase of treasury shares	(0)	(0)
Purchase of treasury shares of subsidiaries	(0)	(1,506)
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation	(0)	(162)
Proceeds from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation	6,523	5
Cash dividends paid	(1,194)	(1,392)
Dividends paid to non-controlling interests	(2,390)	(3,776)
Other	(20)	－
Net cash provided by (used in) financing activities	23,543	(2,292)
Effect of exchange rate change on cash and cash equivalents	244	174
Net increase (decrease) in cash and cash equivalents	4,278	(8,658)
Cash and cash equivalents at the beginning of the period	52,298	56,578
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation	1	－
Cash and cash equivalents at the end of the period	56,578	47,919