

Statements of Cash Flows
(unit: millions of yen)
2021/12 | 2022/12 | |
Cash flows from operating activities | ||
Profit before income taxes | 7,418 | 11,496 |
Depreciation | 3,024 | 2,957 |
Impairment losses | 112 | - |
Increase (decrease) in retirement benefit liability | -315 | 116 |
Increase (decrease) in provision for share awards | 113 | 103 |
Interest and dividend income | -75 | -128 |
Interest expenses | 18 | 38 |
Subsidy income | -110 | -121 |
Loss on retirement of property, plant and equipment | 67 | 130 |
Decrease (increase) in trade receivables | 1,694 | 526 |
Decrease (increase) in inventories | -2,028 | -907 |
Increase (decrease) in trade payables | -618 | -2,384 |
Increase (decrease) in accrued expenses | 316 | - |
Other, net | -10 | -306 |
Subtotal | 9,609 | 11,521 |
Interest and dividends received | 76 | 130 |
Interest paid | -19 | -39 |
Subsidies received | 110 | 121 |
Proceeds from subsidies for employment adjustment | 3 | - |
Income taxes paid | -728 | -2,552 |
Income taxes refund | 454 | 52 |
Extra retirement payments | -844 | - |
Net cash provided by (used in) operating activities | 8,660 | 9,232 |
Cash flows from investing activities | ||
Purchase of property, plant and equipment | -1,978 | -3,080 |
Purchase of intangible assets | -43 | -118 |
Purchase of investment securities | -2,042 | -556 |
Proceeds from sale of investment securities | 261 | - |
Other, net | 22 | -109 |
Net cash provided by (used in) investing activities | -3,780 | -3,865 |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | 50 | 88 |
Repayments of long-term borrowings | -253 | -229 |
Purchase of treasury shares | -292 | -0 |
Proceeds from sale of treasury shares | 316 | - |
Dividends paid | -1,050 | -1,837 |
Other, net | -21 | -65 |
Net cash provided by (used in) financing activities | -1,250 | -2,044 |
Effect of exchange rate change on cash and cash equivalents | 786 | 792 |
Net increase (decrease) in cash and cash equivalents | 4,415 | 4,116 |
Cash and cash equivalents at beginning of period | 21,417 | 25,832 |
Cash and cash equivalents at end of period | 25,832 | 29,948 |