IFRS

◇ Cash flows from operating activities

(unit: million yen)
2020/03 2021/03 2022/03 2023/03
Profit before tax 49,830 49,651 64,230 60,978
Profit (loss) before tax from discontinued operations -220 -12 -106 -275
Depreciation and amortization 34,994 39,033 43,378 44,987
Gain on bargain purchase -2,089 ー ー ー
Interest and dividend income -1,266 -1,012 -1,162 -1,435
Interest expenses 1,935 2,108 1,932 2,411
Share of loss (profit) of investments accounted for using equity method -1,605 -2,287 -1,942 -2,502
Loss (gain) on sale and retirement of fixed assets -736 277 217 -3,266
Loss on liquidation of business 1,277 ー ー ー
Decrease (increase) in trade and other receivables 11,510 1,170 -10,874 -26,422
Decrease (increase) in inventories -3,741 -2,778 -6,570 -14,689
Increase (decrease) in trade and other payables -19,662 -1,120 9,228 20,177
Decrease (increase) in contract assets -3,768 2,042 -2,005 -942
Increase (decrease) in contract liabilities -2,942 1,307 2,052 -55
Other -4,331 3,993 -4,050 -8,746
Subtotal 59,183 92,375 94,326 70,217
Interest and dividends received 1,626 1,560 1,579 1,972
Interest paid -1,932 -2,082 -2,001 -2,280
Income taxes refund (paid) -15,093 -15,251 -22,331 -12,956
Net cash provided by (used in) operating activities 43,784 76,601 71,572 56,953

◇ Cash flows from investing activities

(unit: million yen)
2020/03 2021/03 2022/03 2023/03
Purchase of property, plant and equipment - 61,863 - 50,316 - 44,975 -64,549
Proceeds from sale of property, plant and equipment 2,663 1,707 1,793 6,321
Purchase of intangible assets - 2,324 - 1,711 - 1,360 - 2,120
Purchase of investment securities - 8,658 - 2,781 - 10,468 - 3,934
Proceeds from sale of investment securities － 1,344 5,931 447
Purchase of shares of subsidiaries resulting in change in scope of consolidation - 17,472 - 1,566 - 4,651 - 5,284
Payments for loans receivable - 17,113 - 2,695 ー ー
Collection of loans receivable 18,516 2,002 481 907
Payments for acquisition of businesses - 45,928 － － - 2,094
Proceeds from sale of businesses 14,158 － － ー
Other 2,424 1,317 93 - 827
Net cash provided by (used in) investing activities - 115,597 - 52,699 - 53,154 - 71,135

◇ Cash flows from financing activities

(unit: million yen)
2020/03 2021/03 2022/03 2023/03
Net increase (decrease) in short-term borrowings 13,105 -31,284 168 6,080
Proceeds from long-term borrowings 49,476 63,464 7,667 52,176
Repayments of long-term borrowings -21,633 -28,659 -20,243 -30,521
Proceeds from issuance of bonds 10,000 10,000 20,000 10,000
Redemption of bonds -250 -10,150 ー ー
Payments for acquisition of interests in subsidiaries from non-controlling interests -3,058 -1,840 -3,188 -1,302
Proceeds from sale and leaseback transactions 1,166 1,927 522 776
Repayments of lease liabilities -6,029 -5,946 -5,963 -5,515
Capital contribution from non-controlling interests ー ー 4,895 ー
Proceeds from issuance of shares 46,955 ー ー ー
Purchase of treasury shares -3 -7,834 ー ー
Dividends paid -8,029 -10,463 -11,207 -13,041
Dividends paid to non-controlling interests -2,703 -787 -421 -602
Other 1,731 685 1,148 1,206
Net cash provided by (used in) financing activities 80,981 - 20,889 - 6,622 19,257

◇ Cash and cash equivalents at end of period

(unit: million yen)
2020/03 2021/03 2022/03 2023/03
Effect of exchange rate changes on cash and cash equivalents - 669 97 782 47
Net increase (decrease) in cash and cash equivalents 8,499 3,110 12,577 5,122
Increase (decrease) in cash and cash equivalents resulting from change in scope of consolidation 1,253 1,011 992 1,267
Cash and cash equivalents at beginning of period 32,108 41,861 45,983 59,554
Cash and cash equivalents at end of period 41,861 45,983 59,554 65,944

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