IFRS

◇ Cash flows from operating activities

(unit: million yen)
2020/03 2021/03 2022/03 2023/03 2024/03
Profit before tax 49,830 49,651 64,230 60,978 66,712
Profit (loss) before tax from discontinued operations -220 -12 -106 -275 -11
Depreciation and amortization 34,994 39,033 43,378 44,987 46,590
Gain on bargain purchase -2,089
Interest and dividend income -1,266 -1,012 -1,162 -1,435 -1,913
Interest expenses 1,935 2,108 1,932 2,411 3,592
Share of loss (profit) of investments accounted for using equity method -1,605 -2,287 -1,942 -2,502 -2,056
Loss (gain) on sale and retirement of fixed assets -736 277 217 -3,266 -379
Loss on liquidation of business 1,277
Decrease (increase) in trade and other receivables 11,510 1,170 -10,874 -26,422 -5,172
Decrease (increase) in inventories -3,741 -2,778 -6,570 -14,689 2,619
Increase (decrease) in trade and other payables -19,662 -1,120 9,228 20,177 -6,289
Decrease (increase) in contract assets -3,768 2,042 -2,005 -942 1,756
Increase (decrease) in contract liabilities -2,942 1,307 2,052 -55 -1,624
Other -4,331 3,993 -4,050 -8,746 -6,203
Subtotal 59,183 92,375 94,326 70,217 97,619
Interest and dividends received 1,626 1,560 1,579 1,972 2,203
Interest paid -1,932 -2,082 -2,001 -2,280 -3,488
Income taxes refund (paid) -15,093 -15,251 -22,331 -12,956 -16,709
Net cash provided by (used in) operating activities 43,784 76,601 71,572 56,953 79,625

◇ Cash flows from investing activities

(unit: million yen)
2020/03 2021/03 2022/03 2023/03 2024/03
Purchase of property, plant and equipment -61,863 - 50,316 - 44,975 -64,549 -63,469
Proceeds from sale of property, plant and equipment 2,663 1,707 1,793 6,321 2,327
Purchase of intangible assets -2,324 - 1,711 - 1,360 - 2,120 -2,999
Purchase of investment securities -8,658 - 2,781 - 10,468 - 3,934 -6,226
Proceeds from sale of investment securities 1,344 5,931 447 1,491
Purchase of shares of subsidiaries resulting in change in scope of consolidation -17,472 - 1,566 - 4,651 - 5,284 -7,322
Payments for loans receivable -17,113 - 2,695 -231 -4,657
Collection of loans receivable 18,516 2,002 481 907 1,594
Payments for acquisition of businesses -45,928 - 2,094 -20,133
Proceeds from sale of businesses 14,158
Other 2,424 1,317 93 - 595 1,430
Net cash provided by (used in) investing activities -115,597 - 52,699 - 53,154 - 71,135 -97,966

◇ Cash flows from financing activities

(unit: million yen)
2020/03 2021/03 2022/03 2023/03 2024/03
Net increase (decrease) in short-term borrowings 13,105 -31,284 168 6,080 -245
Proceeds from long-term borrowings 49,476 63,464 7,667 52,176 41,128
Repayments of long-term borrowings -21,633 -28,659 -20,243 -30,521 -37,180
Proceeds from issuance of bonds 10,000 10,000 20,000 10,000 30,000
Redemption of bonds -250 -10,150
Payments for acquisition of interests in subsidiaries from non-controlling interests -3,058 -1,840 -3,188 -1,302 -1,004
Proceeds from sale and leaseback transactions 1,166 1,927 522 776 950
Repayments of lease liabilities -6,029 -5,946 -5,963 -5,515 -5,422
Capital contribution from non-controlling interests 4,895
Proceeds from issuance of shares 46,955
Purchase of treasury shares -3 -7,834
Dividends paid -8,029 -10,463 -11,207 -13,041 -14,193
Dividends paid to non-controlling interests -2,703 -787 -421 -602 -569
Other 1,731 685 1,148 1,206 1,260
Net cash provided by (used in) financing activities 80,981 - 20,889 - 6,622 19,257 14,723

◇ Cash and cash equivalents at end of period

(unit: million yen)
2020/03 2021/03 2022/03 2023/03 2024/03
Effect of exchange rate changes on cash and cash equivalents - 669 97 782 47 661
Net increase (decrease) in cash and cash equivalents 8,499 3,110 12,577 5,122 - 2,956
Increase (decrease) in cash and cash equivalents resulting from change in scope of consolidation 1,253 1,011 992 1,267 1,986
Cash and cash equivalents at beginning of period 32,108 41,861 45,983 59,554 65,944
Cash and cash equivalents at end of period 41,861 45,983 59,554 65,944 64,975

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