Statements of Cash Flow

Balance Sheets-1
Balance Sheets-2
Statements of Income
Statements of Cash Flow
Trends in Quarterly Business Performance

since 2001

(Millions of yen)

	FY2020	FY2021
Cash flows from operating activities
Profit before income taxes	16,706	22,290
Depreciation and amortization	3,794	4,419
Impairment loss	3,238	132
Amortization of goodwill	662	709
Increase (decrease) in allowance for doubtful accounts	(106)	20
Increase (decrease) in provision for bonuses	464	153
Increase (decrease) in net defined benefit liability	128	(41)
Decrease (increase) in net defined benefit asset	(177)	(629)
Increase (decrease) in provision for directors’ stock benefit	159	171
Increase (decrease) in provision for employees’ stock grant	139	138
Interest and dividends income	(75)	(71)
Interest expenses	290	293
Subsidy income	(636)	(720)
Share of (profit) loss of entities accounted for using equity method	110	(142)
Loss (gain) on sales and retirement of non-current assets	367	76
Loss (gain) on sales of investment securities	(3)	2
Loss (gain) on valuation of investment securities	71	19
Decrease (increase) in notes and accounts receivable-trade	(1,422)	－
Decrease (increase) in notes, accounts receivable-trade and contract assets	－	(6,112)
Decrease (increase) in inventories	(458)	(315)
Decrease (increase) in other assets	975	(1,907)
Increase (decrease) in operating debt	(845)	2,823
Increase (decrease) in accrued consumption taxes	527	(862)
Increase (decrease) in deposits received	(886)	(1,201)
Increase (decrease) in other liabilities	3,127	(1,669)
Other	104	104
Subtotal	26,256	17,679
Interest and dividends income received	87	86
Interest expenses paid	(292)	(286)
Proceeds from subsidy	636	720
Income taxes paid	(7,820)	(8,084)
Net cash provided by operating activities	18,868	10,115
Cash flows from investment activities
Decrease (increase) in time deposits	755	10
Purchase of property, plants, and equipment	(7,031)	(11,632)
Proceeds from sales of property, plants, and equipment	10	13
Purchase of intangible assets	(1,721)	(4,683)
Purchase of investment securities	(33)	(744)
Proceeds from sales of investment securities	7	95
Purchase of shares of subsidiaries resulting in charge in scope of consolidation	(183)	(10,451)
Payments of loans receivable	(59)	(7)
Collection of loans receivable	61	11
Payments for lease and guarantee deposits	(1,592)	(2,493)
Proceeds from collection of lease and guarantee deposits	326	256
Payments for asset retirement obligation	(123)	(50)
Payments for transfer of business	(14)	－
Other	(66)	52
Net cash used in investment activities	(9,665)	(29,624)
Cash flows from financing activities
Net increase (decrease) in short-term loans payable	5	(61)
Proceeds from long-term loans payable	7,511	29,129
Repayment of long-term loans payable	(8,901)	(11,098)
Proceeds from sale and leaseback	－	257
Repayments of finance lease obligations	(645)	(686)
Proceeds from issuance of bonds	－	2,500
Redemption of bonds	(306)	(586)
Proceeds from payments from noncontrolling interests	－	1,171
Purchase of treasury shares	－	(0)
Purchase of treasury shares of subsidiaries	(0)	(0)
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation	(19)	(0)
Proceeds from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation	0	6,523
Cash dividends paid	(756)	(1,194)
Dividends paid to non-controlling interests	(2,041)	(2,390)
Other	5	(20)
Net cash provided by (used in) financing activities	(5,147)	23,543
Effect of exchange rate change on cash and cash equivalents	95	244
Net increase (decrease) in cash and cash equivalents	4,150	4,278
Cash and cash equivalents at the beginning of the period	48,147	52,298
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation	－	1
Cash and cash equivalents at the end of the period	52,298	56,578