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Home > Investor Relations > Financial Highlights > Consolidated Statements of Cash Flows

Financial Statements

Consolidated Statements of Cash Flows

(millions of yen)
Fiscal year 2013 2014 2015 2016 2017
Cash flows from operating activities
Profit before income taxes and minority interests 16,562 2,694 11,690 16,403 17,801
Depreciation and amortization 25,058 24,481 24,224 22,341 23,571
Loss on impairment of property, plant and equipment 425 893 5,956 1,018 3,735
Amortization of goodwill 3,985 3,764 4,153 3,920 3,954
Increase (decrease) in employees' retirement benefits (1,474) - - - -
Increase (decrease) in net defined benefit liability - (615) 446 (1,720) (3,229)
Increase (decrease) in allowance for doubtful receivables (114) (87) (137) (53) 34
Interest and dividend income (1,043) (1,060) (1,376) (1,342) 1,326
Interest expense 2,751 2,399 2,279 2,142 1,924
(Gain) loss on sales of fixed assets (61) (3,528) (7,453) (45) (1,977)
(Gain) loss on sales and disposal of fixed assets 1,379 2,251 1,559 1,440 1,107
(Gain) loss on sales of investment securities (3,487) (230) (46) (13) (4,836)
(Gain) loss on revaluation of investment securities 59 11 1,758 22 273
(Increase) decrease in notes and accounts receivable - trade (2,314) (1,193) (2,779) (3,756) (1,152)
(Increase) decrease in inventories 108 (1,401) (1,211) 968 196
Increase (decrease) in notes and accounts payable - trade 2,225 (929) (202) 1,608 (2,336)
Increase (decrease) in accrued consumption taxes 335 4,211 (3,057) (807) 291
Increase (decrease) in liquor taxes payable 194 (164) 457 338 131
Increase (decrease) in deposits received (1,653) (1,162) (729) (623) (401)
Increase (decrease) in dealers' deposits for guarantees - - - 350 (2,155)
Increase (decrease) in other current liabilities 2,152 1,024 376 173 316
Other (2,594) 52 48 1,999 (425)
Sub total 42,493 31,413 35,957 44,364 35,495
Interest and dividends received 1,055 1,078 1,380 1,359 1,382
Interest paid (2,772) (2,517) (2,384) (2,190) (1,963)
Income taxes paid (7,915) (7,769) (2,944) (10,986) (5,595)
Income taxes refundable - 79 3,257 22 685
Net cash provided by (used in) operating activities 32,861 22,284 35,265 32,570 30,004
Cash flows from investing activities
Purchases of property, plant and equipment (12,243) (17,312) (18,298) (19,748) (13,056)
Proceeds from sales of property, plant and equipment 171 6,383 19,563 428 3,085
Purchases of intangibles (1,525) (1.820) (2,041) (2,060) (2,197)
Purchases of investment securities (346) (1,397) (875) (235) (1,020)
Proceeds from sales and redemption of investment securities 4,435 392 511 137 8,278
Purchase of affiliates securities (264) (91) (3,260) (154) (298)
Proceeds from sale of affiliates' securities - - 1,794 - -
Purchase of subsidiaries' shares resulting in change in scope of consolidation - - (3,989) (438) (11,622)
Payments for sale of subsidiaries' shares resulting in change of scope of consolidation - (25) - - -
Collection of sales of subsidaries' share for prior periods - - 3,198 - -
Payments for acquisition of associates accounted for using equity method (286) - - - -
Payments for transfer of business - - - (1,493) -
Increase in long-term loans receivable (232) (137) (304) (77) (68)
Collection of long-term loans receivable 440 227 417 167 4,265
Other (3,417) (3,447) (6,471) (4,112) (5,189)
Net cash provided by (used in) investing activities (13,268) (17,229) (9,755) (27,586) (17,822)
Cash flows from financing activities
Net increase (decrease) in short-term bank loans (9,362) (3,337) (3,366) (1,248) (3,076)
Increase (decrease) in commercial paper (22,000) 5,000 (13,000) 16,000 (1,000)
Proceeds from long-term bank loans 32,249 25,630 14,319 32,746 12,500
Repayment of long-term bank loans (21,964) (38,401) (16,625) (46,594) (12,603)
Proceeds from issuance of bonds 19,920 9,960 9,960 9,960 9,960
Redemption of bonds (10,000) - (12,000) (10,016) (10,083)
Cash dividends paid (2,737) (2,734) (2,730) (2,730) (2,893)
Cash dividends paid to non-controlling interests (16) (14) (28) (9) (19)
Repayment of finance lease obligations (4,217) (3,321) (3,039) (2,910) (2,946)
Purchase of treasury stock (1,024) (94) (56) (471) (17)
Proceeds from sale of treasury stock 6 6 4 447 7
Proceeds from non-controlling shareholders - - 1,760 - -
Net cash provided by (used in) financing activities (19,147) (7,307) (24,802) (4,827) (10,171)
Effect of exchange rate changes on cash and cash equivalents 607 426 (56) (79) 50
Net increase(decrease) in cash and cash equivalents 1,053 (1,826) 651 76 2,061
Cash and cash equivalents at beginning of period 9,725 11,518 9,748 10,399 10,475
Increase(decrease) in Cash and cash equivalents from newly consolidated subsidiaries 740 9 - - -
Increase in Cash and cash equivalents resulting from merger - 46 - - -
Cash and cash equivalents at end of period 11,518 9,748 10,399 10,475 12,536