Consolidated Statements of Cash Flows

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(Unit: million yen)

Account Item 2013/3 2014/3 2015/3 2016/3 2017/3
Cash flows from operating activities
Income (loss) before income taxes and minority interest 61,856 74,691 35,153 28,578 (2,478)
Depriciation and amortization 36,225 42,477 38,458 37,738 32,860
Losses on impairment of fixed assets 663 2,319 16,229 8,449 5,351
Increase (decrease) in allowance for doubtful receivables (1,403) (247) 2 (1,425) (162)
Increase (decrease) in provision of warranty costs 78 1,558 (862) (1,983) (394)
Increase (decrease) in provision for retirement benefits (987) - - - -
Increase (decrease) in net defined benefit liability benefits - (531) (874) (223) (859)
Interest and dividend income (2,069) (2,073) (2,712) (3,245) (3,234)
Share of (profit) loss of entities accounted for using equity method (2,462) (2,328) (1,420) (1,449) (1,507)
Interest expenses 1,300 1,351 1,405 1,384 1,300
Loss (gain) on sales of property, plant, and equipment (245) (214) (35) (3,146) (41)
Loss (gain) on sales of investment securities (5,101) (1,473) (4,982) (572) (4,384)
Loss (gain) on valuation of investment securities 35 458 3 - 2,708
Compensation income for expropriation - (15,006) - - -
Net decrease (increase) in trade notes and accounts receivable 19,790 13,924 (3,776) 29,763 10,545
Net decrease (increase) in inventories 12,081 34,684 15,103 (15,571) 41,795
Net increase (decrease) in trade notes and accounts payable (35,820) (13,941) (4,891) 3,554 (12,831)
Increase (decrease) in advances received (3,679) (6,125) (4,043) 25,792 6,402
Other, net (operating activities) (266) (12,298) (2,952) 7,420 27,021
sub total 79,996 117,226 79,803 115,064 102,091
Interest and dividends received 3,449 4,058 4,081 4,338 4,671
Interests paid (1,270) (1,322) (1,468) (1,404) (1,247)
Payment for loss on Competition Law - - - - (1,307)
Income taxes (paid) refund (30,283) (5,777) (11,107) (12,782) (9,377)
Net Cash Provided by (Used in) Operating Activities 51,890 114,185 71,309 105,214 94,830
Cash flows from investing activities
Payments for purchases of tangible fixed assets (61,855) (32,680) (22,337) (21,957) (21,294)
Proceeds from sales of tangible fixed assets 2,762 737 377 3,678 270
Purchases of investment securities (1,410) (4,628) (1,027) (6,791) (8,835)
Proceeds from sales of investment securities 5,277 4,117 6,946 1,009 5,850
Purchase of shares of subsidiaries resulting in change in the scope of consolidation - - - (43,562) (1,100)
Net decrease (increase) in loans receivable (109) 23 (20) (162) (173)
Compensation income for expropriation - 4,491 - - -
Other, net (investing activities) (9,774) (15,255) (8,883) (13,094) (12,899)
Net Cash Provided by (Used in) Investing Activities (65,109) (43,193) (24,945) (80,880) (38,181)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings (91) 762 (896) (0) -
Proceeds from long-term debt 4,700 27,000 - 12,500 38,952
Repayments of long-term debt (4,700) (5,000) - (15,000) (2,902)
Proceeds from issue of bonds - 19,888 - - -
Redemption of bonds - - (10,000) - (10,000)
Cash dividends paid (15,841) (8,721) (12,685) (11,910) (8,733)
Dividends paid to non-controlling interests - - (35) (24) (45)
Other, net (financing activities) (2,264) (2,060) (1,337) (3,738) (1,749)
Net Cash Provided by (Used in) Financial Activities (18,198) 31,868 (24,954) (18,173) 15,521
Foreign currency translation adjustments on cash and cash equivalents 9,370 7,330 14,195 (14,575) (4,334)
Net increase (decrease) in cash and cash equivalents (22,046) 110,190 35,605 (8,414) 67,835
Cash and cash equivalents, beginning of year 131,711 110,094 221,367 259,625 251,210
Increase in cash and cash equivalents from newly consolidated subsidiaries 429 1,082 259,625 - -
Cash and cash equivalents, end of year 110,094 221,367 259,625 251,210 319,046