Consolidated Statements of Cash Flows
| [Unit: Million yen] | |||
| |
FY2021 | FY2022 | FY2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Profit | 14,836 | 55,290 | 27,310 |
| Depreciation and amortization | 76,998 | 77,374 | 80,982 |
| Impairment losses | 728 | 4,606 | 1,007 |
| Finance income and finance costs | 2,172 | 7,312 | 11,590 |
| Share of loss (profit) of investments accounted for using equity method | 14,410 | (3,314) | (11,358) |
| Loss (gain) on sale of fixed assets | (554) | 1,042 | 2,050 |
| Income tax expense | 12,834 | 15,058 | 4,670 |
| Increase (decrease) in retirement benefit liability | 4,778 | 1,281 | (196) |
| Decrease (increase) in trade and other receivables | (38,213) | (59,334) | (186,486) |
| Decrease (increase) in contract assets | 39,412 | (50,292) | 22,725 |
| Decrease (increase) in inventories | (37,984) | (64,217) | 9,903 |
| Increase (decrease) in trade and other payables | (11,848) | 42,213 | 43,585 |
| Decrease (increase) in advance payment | (31,707) | (28,508) | 8,632 |
| Increase (decrease) in contract liabilities | 92,072 | (3,730) | 1,057 |
| Increase (decrease) in refund liabilities | NA* | 1,648 | 61,004 |
| Increase (decrease) in provisions | NA* | (4,028) | 10,084 |
| Increase (decrease) in other current assets | NA* | (3,168) | (6,879) |
| Increase (decrease) in other current liabilities | 40,939 | 43,231 | (19,070) |
| Other | (8,122) | 5,962 | 1,685 |
| Subtotal | 170,751 | 43,975 | 62,298 |
| Interest received | 1,755 | 3,328 | 8,504 |
| Dividends received | 865 | 332 | 364 |
| Interest paid | (4,318) | (5,005) | (8,110) |
| Income taxes paid | (12,164) | (19,013) | (31,393) |
| Net cash provided by (used in) operating activities | 156,890 | 23,617 | 31,662 |
| Cash flows from investing activities: | |||
| Purchase of property, plant and equipment | (58,943) | (58,943) | (80,063) |
| Proceeds from sales of property, plant and equipment | 2,929 | 2,180 | 2,669 |
| Purchase of intangible assets | (8,700) | (11,001) | (16,480) |
| Proceeds from sales of intangible assets | NA* | 29 | 80 |
| Payments for equity method investment and purchase of other financial assets | (2,042) | (6,702) | (949) |
| Proceeds from equity method investment and sale of other financial assets | 6,347 | 160 | 1,124 |
| Payments for acquisition of subsidiaries | - | (648) | (20) |
| Decrease due to loss of control over subsidiaries | - | (3,224) | (92) |
| Proceeds from acquisition of subsidiaries | 489 | - | - |
| Other | 1,522 | 722 | 3,918 |
| Net cash provided by (used in) investing activities | (58,397) | (77,458) | (89,814) |
| Cash flows from financing activities: | |||
| Net increase (decrease) in short-term borrowings | 74,247 | 36,664 | 80,229 |
| Repayments of lease liabilities | (13,436) | (14,545) | (16,526) |
| Proceeds from long-term borrowings | 15,500 | 18,500 | 31,582 |
| Repayments of long-term borrowings | (17,001) | (21,987) | (23,041) |
| Proceeds from issuance of bonds | 10,000 | 9,000 | 10,000 |
| Redemption of bonds | (30,000) | (20,000) | (40,000) |
| Dividends paid | (3,384) | (8,383) | (13,415) |
| Proceeds from fluidity of lease receivables | 62,749 | 130,662 | 103,482 |
| Repayment of payables under fluidity lease receivables | (56,186) | (37,861) | (105,343) |
| Dividends paid to non-controlling interests | (913) | (964) | (1,022) |
| Payments for acquisition of subsidiary shares not resulting in change in scope of consolidation | NA* | (11) | (1,563) |
| Other | (1,983) | (5,777) | (11,470) |
| Net cash provided by (used in) financing activities | (108,904) | 85,305 | 12,911 |
| Effect of exchange rate change on cash and cash equivalents | (3,244) | (1,556) | (9,027) |
| Net increase (decrease) in cash and cash equivalents | (13,654) | 29,909 | (54,267) |
| Cash and cash equivalents at beginning of period | 122,166 | 108,511 | 138,420 |
| Cash and cash equivalents at end of period | 108,511 | 138,420 | 84,153 |
* Below the disclosure standard
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