Consolidated Statements of Cash Flows

IFRS

(unit: million yen)

  FY2018 FY2019
◇ Cash flows from operating activities
Profit before tax 42,111 49,830
Profit (loss) before tax from discontinued operations △ 912 △ 220
Depreciation and amortization 30,776 34,994
Gain on bargain purchase △ 2,089
Interest and dividend income △ 1,173 △ 1,266
Interest expenses 1,576 1,935
Share of loss (profit) of investments accounted for using equity method △ 1,685 △ 1,605
Loss (gain) on sale and retirement of fixed assets 2,905 △ 736
Loss on liquidation of business 2,816 1,277
Decrease (increase) in trade and other receivables 2,800 11,510
Decrease (increase) in inventories △ 3,797 △ 3,741
Increase (decrease) in trade and other payables 10,334 △ 19,662
Decrease (increase) in contract assets △ 4,983 △ 3,768
Increase (decrease) in contract liabilities 335 △ 2,942
Other △ 5,665 △ 4,331
Subtotal 75,441 59,183
Interest and dividends received 1,565 1,626
Interest paid △ 1,547 △ 1,932
Income taxes refund (paid) △ 14,247 △ 15,093
Net cash provided by (used in) operating activities 61,212 43,784
◇ Cash flows from investing activities
Purchase of property, plant and equipment △ 71,806 △ 61,863
Proceeds from sale of property, plant and equipment 1,320 2,663
Purchase of intangible assets △ 2,349 △ 2,324
Purchase of investment securities △ 7,610 △ 8,658
Purchase of shares of subsidiaries resulting in change in scope of consolidation △ 8,503 △ 17,472
Payments for loans receivable △ 19,389 △ 17,113
Collection of loans receivable 19,075 18,516
Payments for acquisition of businesses △ 2,016 △ 45,928
Proceeds from sale of businesses 14,158
Other △ 334 2,424
Net cash provided by (used in) investing activities △ 91,615 △ 115,597
◇ Cash flows from financing activities
Net increase (decrease) in short-term borrowings 19,814 13,105
Proceeds from long-term borrowings 46,886 49,476
Repayments of long-term borrowings △ 25,826 △ 21,633
Proceeds from issuance of bonds 10,000 10,000
Payments for acquisition of interests in subsidiaries from non-controlling interests △ 1,989 △ 3,058
Proceeds from sale and leaseback transactions 2,434 1,166
Repayments of lease liabilities △ 4,629 △ 6,029
Proceeds from issuance of shares 46,955
Dividends paid △ 7,868 △ 8,029
Dividends paid to non-controlling interests △ 652 △ 2,703
Other 875 1,731
Net cash provided by (used in) financing activities 39,045 80,981
◇ Cash and cash equivalents at end of period
Effect of exchange rate changes on cash and cash equivalents △ 266 △ 669
Net increase (decrease) in cash and cash equivalents 8,374 8,499
Increase (decrease) in cash and cash equivalents resulting from change in scope of consolidation 430 1,253
Cash and cash equivalents at beginning of period 23,303 32,108
Cash and cash equivalents at end of period 32,108 41,861

JGAAP

(unit: million yen)

  FY2015 FY2016 FY2017 FY2018
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