IFRS

◇ Cash flows from operating activities

(unit: million yen)
2022/03 2023/03 2024/03 2025/03 2026/03
Profit before tax 61,516 20,777 56,995 60,869 -51,447
Profit (loss) before tax from discontinued operations -106 -275 -11 -11 -
Depreciation and amortization 44,030 45,566 45,469 48,210 57,056
Impairment losses 674 35,282 6,196 9,518 107,981
Interest and dividend income -1,145 -1,429 -1,911 -2,976 -2,534
Interest expenses 2,441 2,940 4,218 5,181 5,842
Share of loss (profit) of investments accounted for using equity method -1,937 -2,555 -2,154 -4,331 -4,001
Loss (gain) on sale and retirement of fixed assets -98 -3,499 -476 -4,867 -167
Gain on step acquisition - - - - -12,325
Other finance costs - - - 178 12,528
Decrease (increase) in trade and other receivables -11,401 -27,245 -2,398 5,907 26,597
Decrease (increase) in inventories -5,316 -13,043 1,496 -5,507 -4,469
Increase (decrease) in trade and other payables 13,271 20,991 -4,669 -7,160 -7,226
Decrease (increase) in contract assets -2,752 -2,094 897 1,581 -4,395
Increase (decrease) in contract liabilities 1,945 1,199 -54 -327 6,419
Other -2,383 -4,317 -6,294 6,447 4,294
Subtotal 98,739 72,296 97,303 112,712 134,154
Interest received 1,567 479 504 789 2,006
Dividends received 1,492 1,700 2,311 2,048
Interest paid -2,510 -2,809 -4,115 -5,255 -5,617
Income taxes refund (paid) -22,339 -12,789 -16,683 -17,820 -25,007
Net cash provided by (used in) operating activities 75,456 58,669 78,709 92,737 107,583

◇ Cash flows from investing activities

(unit: million yen)
2022/03 2023/03 2024/03 2025/03 2026/03
Purchase of property, plant and equipment -50,236 -68,690 -61,476 -66,460 -71,188
Proceeds from sale of property, plant and equipment 2,080 6,552 2,470 6,656 7,734
Purchase of intangible assets -1,168 -1,858 -2,698 -3,489 -2,097
Purchase of investment securities -9,347 -2,868 -6,225 -2,169 -1,582
Proceeds from sale of investment securities 5,931 447 1,491 6,218 6,594
Purchase of shares of subsidiaries resulting in change in scope of consolidation -5,374 -6,169 -7,283 -2,467 -25,792
Payments for loans receivable -392 -231 -4,657 -561 -1,502
Collection of loans receivable 481 907 1,594 1,221 232
Payments for acquisition of businesses - -2,094 -20,133 - -
Other 485 -595 1,430 775 -1,009
Net cash provided by (used in) investing activities -57,540 -74,601 -95,489 -60,276 -88,611

◇ Cash flows from financing activities

(unit: million yen)
2022/03 2023/03 2024/03 2025/03 2026/03
Net increase (decrease) in short-term borrowings -1,507 6,080 -1,156 -4,177 62,256
Proceeds from long-term borrowings 10,540 56,894 42,136 44,119 28,210
Repayments of long-term borrowings -20,276 -30,562 -37,325 -38,730 -53,725
Proceeds from issuance of bonds 20,000 10,000 30,000 - -
Redemption of bonds -15 - - - -
Payments for acquisition of interests in subsidiaries from non-controlling interests -3,188 -1,302 -1,004 -5,298 -6,341
Proceeds from sale and leaseback transactions 522 776 950 706 832
Repayments of lease liabilities -7,300 -7,129 -7,444 -9,909 -11,401
Capital contribution from non-controlling interests 4,895 - - - -
Purchase of treasury shares -2 - - - -
Dividends paid -11,207 -13,041 -14,193 -15,114 -18,463
Dividends paid to non-controlling interests -421 -602 -569 -779 -658
Payments for redemption of preferred shares - - - - -6,522
Other 1,166 1,206 1,260 922 104
Net cash provided by (used in) financing activities -6,796 22,319 12,652 -28,261 -5,708

◇ Cash and cash equivalents at end of period

(unit: million yen)
2022/03 2023/03 2024/03 2025/03 2026/03
Effect of exchange rate changes on cash and cash equivalents 1,349 449 742 1,587 744
Net increase (decrease) in cash and cash equivalents 12,469 6,837 -3,384 5,787 14,008
Increase (decrease) in cash and cash equivalents resulting from change in scope of consolidation 135 1,125 157 - -
Cash and cash equivalents at beginning of period 50,098 62,703 70,666 67,440 73,227
Increase (decrease) in cash and cash equivalents included in assets held for sale - - - - -96
Cash and cash equivalents at end of period 62,703 70,666 67,440 73,227 87,139

*The figures shown are restated amounts after correction of prior-period data.

JGAAP

(unit: million yen)
FY2016 FY2017 FY2018 FY2019
Cash flows from operating activities 43,512 58,873 47,764 56,690
Cash flows from investing activities -40,647 -44,357 -61,637 -88,804
Cash flows from financing activities - 8,115 - 8,553 4,489 40,905
Effect of exchange rate changes on cash and cash equivalents - 100 - 293 - 104 - 266
Net increase (decrease) in cash and cash equivalents - 5,351 5,669 - 9,487 8,524
Cash and cash equivalents at beginning of year 28,763 23,595 30,412 22,433
Increase in cash and cash equivalents resulting from merger 102 538 72 81
Increase in cash and cash equivalents from newly consolidated subsidiary 82 608 1,436 430
Cash and cash equivalents at end of year 23,595 30,412 22,433 31,470