Investor Relations

Financial Information

Statements of Cash Flows

Consolidated
Cash flows from operating activities

(millions of yen)

2019/12 2020/12
Profit before income taxes 475 1,376
Depreciation 912 842
Amortization of goodwill 572 570
Impairment loss 114 61
Increase (decrease) in provision for directors’ retirement benefits
Increase (decrease) in net defined benefit liability 13 36
Retirement benefit expenses 16
Increase (decrease) in allowance for doubtful accounts △8 28
Increase (decrease) in provision for sales returns 1 △1
Increase (decrease) in provision for sales rebates 0 3
Increase (decrease) in provision for bonuses △3 0
Interest and dividend income △27 △26
Interest expenses 234 181
Commission for purchase of treasury shares
Commission expenses 76
Foreign exchange losses (gains) 19 △18
Share of loss of entities accounted for using equity method 13 △7
Loss (gain) on sales of non-current assets △4 △4
Loss on valuation of shares of subsidiaries and associates
Loss on valuation of inventories 156
Decrease (increase) in notes and accounts receivable – trade △11 △307
Decrease (increase) in inventories 906 736
Increase (decrease) in notes and accounts payable – trade △41 △391
Increase (decrease) in accounts payable – other △80 △47
Other, net 24 △150
Subtotal 3,318 2,786
Interest and dividend income received 27 21
Interest expenses paid △234 △176
Income taxes paid △725 △601
Net cash provided by (used in) operating activities 2,392 1,937
Cash flows from investing activities

(millions of yen)

2019/12 2020/12
Net decrease (increase) in time deposits
Purchase of property, plant and equipment △426 △217
Purchase of intangible assets △74 △75
Purchase of investment securities △0
Purchase of shares of subsidiaries and affiliates
Loans receivable to subsidiaries and affiliates
Payments for lease deposits
Purchase of shares of subsidiaries resulting in change in scope of consolidation
Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation
Other, net 4 △23
Net cash provided by (used in) investing activities △464 △258
Cash flows from financing activities

(millions of yen)

2019/12 2020/12
Net increase (decrease) in short-term loans payable △6,625 △155
Proceeds from long-term loans payable 7,937 2,779
Repayments of long-term loans payable △1,800 △3,576
Repayments of lease obligations △145 △151
Purchase of treasury shares △0 △0
Cash dividends paid △216 △216
Dividends paid to non-controlling interests △48 △19
Others 4 △0
Net cash provided by (used in) financing activities △893 △1,339
Effect of exchange rate change on cash and cash equivalents △17 △139
Net increase (decrease) in cash and cash equivalents 1,016 199
Cash and cash equivalents at beginning of period 2,294 3,328
Cash and cash equivalents at end of period 3,328 3,527