Consolidated Statements of Cash Flows
(Millions of yen)
| Year ended March 31, 2015 |
Year ended March 31, 2016 |
Year ended March 31, 2017 |
Year ended March 31, 2018 |
Year ended March 31, 2019 |
|
|---|---|---|---|---|---|
| Cash flows from operating activities | |||||
| Profit for the period | 112,785 | 46,067 | 48,426 | 41,764 | 54,044 |
| Depreciation and amortization | 44,907 | 45,923 | 43,679 | 49,993 | 56,137 |
| Impairment loss and reversal of impairment loss | 3,563 | (2,210) | 239 | 2,091 | 743 |
| Finace (income) costs | (948) | 2,600 | 475 | 2,414 | (585) |
| Share of (profit) loss of investments accounted for using the equity method | (207) | (104) | (53) | (74) | (99) |
| Loss (gain) on sales and disposal of property, plant and equipment, intangible assets and investment property | (4,288) | (6,886) | 96 | 797 | (3,221) |
| Income taxes | 18,631 | 45,421 | 18,461 | 20,899 | 17,995 |
| Decrease (increase) in trade receivables | (2,279) | 10,661 | (3,691) | (9,528) | (4,750) |
| Decrease (increase) in inventories | (19,252) | 6,610 | (10,729) | (17,199) | (24,915) |
| Increase (decrease) in trade payables | 21 | (8,915) | 10,892 | 3,087 | (6,826) |
| Increase (decrease) in net defined benef liabilities | (25,355) | 1,514 | 156 | 1,612 | 1,663 |
| Other | 8,842 | (3,215) | 8,399 | 9,887 | 3,473 |
| Subtotal | 136,419 | 137,468 | 116,352 | 105,745 | 93,659 |
| Interest and dividend income received | 2,481 | 1,664 | 1,414 | 1,279 | 2,055 |
| Interest expenses paid | (1,552) | (1,218) | (981) | (1,038) | (1,164) |
| Payments for loss on litigation | (859) | (4,144) | ― | (564) | ― |
| Income taxes paid | (27,660) | (20,715) | (19,910) | (21,142) | (17,588) |
| Net cash provided by (used in) operating activities | 108,828 | 113,054 | 96,873 | 84,279 | 76,961 |
| Cash flows from investing activities | |||||
| Purchase of investment securities | ― | ― | ― | ― | (900) |
| Proceeds from sales of investment securities | 249 | 51 | 3,103 | 16 | 2,144 |
| Purchase of property, plant and equipment | (37,045) | (59,614) | (70,637) | (69,237) | (79,858) |
| Proceeds from sales of property, plant and equipment | 272 | 582 | 746 | 858 | 9,313 |
| Purchase of intangible assets | (5,738) | (6,538) | (6,899) | (4,368) | (10,445) |
| Proceeds from sales of intangible assets | 29 | 31 | 24 | 1 | 13 |
| Proceeds from sales of investment property | 14,012 | 13,969 | 1,088 | 9 | 22 |
| Purchase of investments in subsidiaries | (1,097) | (500) | (2,743) | ― | (887) |
| Other | (3,417) | 460 | (441) | (1,942) | (2,142) |
| Net cash provided by (used in) investing activities | (32,735) | (51,558) | (75,759) | (74,661) | (82,738) |
| Cash flows from financing activities | |||||
| Net increase (decrease) in current borrowings | (30,167) | (1,819) | (14,374) | 11,590 | (16,832) |
| Proceeds from non-current borrowings | ― | ― | 500 | 49,908 | ― |
| Repayments of non-current borrowings | (2,000) | (86) | (500) | (50,000) | (135) |
| Proceeds from issuance of bonds issued | 10,000 | ― | 49,759 | 19,896 | ― |
| Redemption of bonds issued | (20,000) | (40,000) | (30,000) | (10,000) | (10,000) |
| Payments of lease obligations | (241) | (103) | (101) | (106) | (150) |
| Dividends paid | (12,880) | (25,044) | (21,299) | (21,133) | (22,190) |
| Dividends paid to non-controlling interests | (95) | (111) | (236) | (116) | (120) |
| Payments for purchase of subsidiaries' equity from non-controlling interests | ― | ― | (97) | ― | ― |
| Purchase of treasury shares | (6) | (6) | (10,340) | (2) | (0) |
| Net cash provided by (used in) financing activities | (55,392) | (67,171) | (26,691) | 37 | (49,430) |
| Effect of exchange rate changes on cash and cash equivalents | 13,118 | (9,155) | (3,139) | (1,759) | 767 |
| Net increase (decrease) in cash and cash equivalents | 33,819 | (14,832) | (8,716) | 7,895 | (54,439) |
| Cash and cash equivalents at beginning of period | 211,510 | 245,330 | 230,498 | 221,782 | 229,678 |
| Cash and cash equivalents at end of period | 245,330 | 230,498 | 221,782 | 229,678 | 175,238 |
