Statement of Cash Flows

 

(Millions of yen)

Fiscal 2022
(From April 1, 2022 to
March 31, 2023)
Fiscal 2023
(From April 1, 2023 to
March 31, 2024)
Cash flows from operating activities
Income before income taxes 13,260 12,409
Depreciation 5,668 5,778
Loss on disposal of fixed assets 61 20
Impairment loss 108 66
Amortization of goodwill - 7
Loss (gain) on valuation of investment securities - 181
Loss (gain) on sale of businesses (240) -
Increase (decrease) in allowance for doubtful accounts (0) (24)
Increase (decrease) in accrued bonuses 6 15
Increase (decrease) in accrued severance indemnities for employees 114 (108)
Interest and dividends income (545) (400)
Interest expenses 1,480 1,664
Amortization of bond issuance cost 56 50
Loss (gain) on sale of investment securities (3,543) (1,215)
Decrease (increase) in notes and accounts receivable – trade (157) (147)
Decrease (increase) in inventories 11,012 6,273
Decrease (increase) in operating investments 597 475
Decrease (increase) in prepaid expenses 0 (10)
Decrease (increase) in accounts receivable – other 1,323 264
Increase (decrease) in notes and accounts payable – trade (55) (144)
Increase (decrease) in advances received 12 (46)
Increase (decrease) in accrued consumption taxes 545 1,096
Increase (decrease) in deposits received (544) 26
Increase (decrease) in deposits received and landlord deposits 1,006 (181)
Other 35 (253)
Subtotal 30,203 25,798
Interest and dividend income received 522 422
Interest paid (1,457) (1,650)
Income taxes paid (5,315) (4,984)
Net cash provided by operating activities 23,952 19,584
Cash flows from investing activities
Purchase of securities (3,000) (4,000)
Proceeds from sales and redemption of securities 1,015 4,000
Purchase of investment securities (313) (1,290)
Proceeds from sales and redemption of investment securities 4,141 1,816
Payments for acquisition of businesses - (1,231)
Proceeds from sale pf businesses 240 -
Purchase of tangible fixed assets (38,239) (18,190)
Purchase of intangible fixed assets (2,374) (74)
Purchase of long-term prepaid expenses (1,155) (396)
Payments for guarantee deposits (614) (65)
Proceeds from collection of guarantee deposits 48 73
Other 2 1
Net cash used in investing activities (40,250) (19,356)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings - (3,000)
Proceeds from long-term loans payable 29,860 19,827
Repayment of long-term loans payable (13,472) (16,050)
Proceeds from issuance of bonds 7,790 3,500
Redemption of bonds (4,368) (3,648)
Proceeds from increased long-term accounts payable 850 3,800
Purchase of treasury stock (2,704) (14)
Payment of dividends (3,761) (4,012)
Other (198) (120)
Net cash provided by (used in) financing activities 13,994 280
Effect of exchange rate changes on cash and cash equivalents - -
Increase (decrease) in cash and cash equivalents (2,303) 508
Balance of cash and cash equivalents at beginning of period 28,111 25,807
Balance of cash and cash equivalents at end of period 25,807 26,316