Consolidated Statements of Cash Flows
| [Unit: Million yen] | ||||
| |
FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Profit | 14,836 | 55,290 | 27,310 | 90,328 |
| Depreciation and amortization | 76,998 | 77,374 | 80,982 | 93,431 |
| Impairment losses | 728 | 4,606 | 1,007 | - |
| Finance income and finance costs | 2,172 | 7,312 | 11,590 | 26,566 |
| Share of loss (profit) of investments accounted for using equity method | 14,410 | (3,314) | (11,358) | (23,174) |
| Loss (gain) on sale of fixed assets | (554) | 1,042 | 2,050 | 948 |
| Income tax expense | 12,834 | 15,058 | 4,670 | 17,190 |
| Increase (decrease) in retirement benefit liability | 4,778 | 1,281 | (196) | (5,307) |
| Decrease (increase) in trade and other receivables | (38,213) | (59,334) | (186,486) | (96,117) |
| Decrease (increase) in contract assets | 39,412 | (50,292) | 22,725 | (33,844) |
| Decrease (increase) in inventories | (37,984) | (64,217) | 9,903 | (69,241) |
| Increase (decrease) in trade and other payables | (11,848) | 42,213 | 43,585 | 70,498 |
| Decrease (increase) in advance payment | (31,707) | (28,508) | 8,632 | (67,377) |
| Increase (decrease) in contract liabilities | 92,072 | (3,730) | 1,057 | 98,899 |
| Increase (decrease) in refund liabilities | NA* | 1,648 | 61,004 | 1,071 |
| Increase (decrease) in provisions | NA* | (4,028) | 10,084 | 1,512 |
| Increase (decrease) in other current assets | NA* | (3,168) | (6,879) | (47) |
| Increase (decrease) in other current liabilities | 40,939 | 43,231 | (19,070) | 32,549 |
| Other | (8,122) | 5,962 | 1,685 | 31,398 |
| Subtotal | 170,751 | 43,975 | 62,298 | 169,284 |
| Interest received | 1,755 | 3,328 | 8,504 | 2,554 |
| Dividends received | 865 | 332 | 364 | 10,784 |
| Interest paid | (4,318) | (5,005) | (8,110) | (14,838) |
| Income taxes paid | (12,164) | (19,013) | (31,393) | (18,841) |
| Net cash provided by (used in) operating activities | 156,890 | 23,617 | 31,662 | 148,943 |
| Cash flows from investing activities: | ||||
| Purchase of property, plant and equipment | (58,943) | (58,943) | (80,063) | (98,682) |
| Proceeds from sales of property, plant and equipment | 2,929 | 2,180 | 2,669 | 7,309 |
| Purchase of intangible assets | (8,700) | (11,001) | (16,480) | (14,962) |
| Proceeds from sales of intangible assets | NA* | 29 | 80 | 434 |
| Payments for equity method investment and purchase of other financial assets | (2,042) | (6,702) | (949) | (7,612) |
| Proceeds from equity method investment and sale of other financial assets | 6,347 | 160 | 1,124 | 2,865 |
| 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 | (533) |
| Net cash provided by (used in) investing activities | (58,397) | (77,458) | (89,814) | (111,201) |
| Cash flows from financing activities: | ||||
| Net increase (decrease) in short-term borrowings | 74,247 | 36,664 | 80,229 | 67,327 |
| Repayments of lease liabilities | (13,436) | (14,545) | (16,526) | (17,290) |
| Proceeds from long-term borrowings | 15,500 | 18,500 | 31,582 | 38,000 |
| Repayments of long-term borrowings | (17,001) | (21,987) | (23,041) | (29,001) |
| Proceeds from issuance of bonds | 10,000 | 9,000 | 10,000 | - |
| Redemption of bonds | (30,000) | (20,000) | (40,000) | (30,000) |
| Dividends paid | (3,384) | (8,383) | (13,415) | (16,763) |
| Proceeds from fluidity of lease receivables | 62,749 | 130,662 | 103,482 | 100,464 |
| Repayment of payables under fluidity lease receivables | (56,186) | (37,861) | (105,343) | (85,629) |
| Dividends paid to non-controlling interests | (913) | (964) | (1,022) | (860) |
| 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) | (16,639) |
| Net cash provided by (used in) financing activities | (108,904) | 85,305 | 12,911 | 9,605 |
| Effect of exchange rate change on cash and cash equivalents | (3,244) | (1,556) | (9,027) | 1,275 |
| Net increase (decrease) in cash and cash equivalents | (13,654) | 29,909 | (54,267) | 48,623 |
| Cash and cash equivalents at beginning of period | 122,166 | 108,511 | 138,420 | 84,153 |
| Cash and cash equivalents at end of period | 108,511 | 138,420 | 84,153 | 132,776 |
* Below the disclosure standard
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