Consolidated Statement of Cash Flows(IFRS)

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(Unit: million yen)

Account Item 2017/3 2018/3 2019/3 2020/3 2021/3
Cash flows from operating activities:
Profit before income taxes 3,068 56,257 87,915 11,864 (45,342)
Depreciation and amortization 33,972 31,706 27,805 34,105 28,027
Impairment losses 5,351 1,397 1,023 11,275 26,054
Interest and dividends income (3,245) (4,395) (5,086) (3,911) (2,727)
Share of the (profit) loss of investments accounted for using the equity method (518) 219 (1,762) (1,816) (1,969)
Loss (gains) on sale of property, plant and equipment (39) (120) (109) (4,123) (141)
Interest expenses 1,314 1,440 1,515 1,721 1,246
Decrease (increase) in trade and other receivables 7,432 (6,999) (12,077) 25,788 17,271
Decrease (increase) in inventories 42,229 (14,476) (18,185) 1,034 13,122
Increase (decrease) in trade and other payables (13,130) 6,132 (18,739) (24,533) (9,615)
Increase (decrease) in advances received 5,719 65,970 15,149 (15,561) (13,802)
Increase (decrease) in provisions (1,104) (919) (1,173) (224) 25
Increase (decrease) in net defined benefit assets and liabilities 302 (235) - - -
Others, net 23,252 13,621 7,375 (7,949) (3,718)
Subtotal 104,603 149,598 83,651 27,668 8,431
Interest and dividend income received 4,671 6,110 6,321 5,498 3,606
Interest expenses (paid) refund (1,248) (1,400) (1,409) (1,693) (1,250)
Additional retirement benefits paid (Note) - (19,968) - - -
Payment for loss on Competition Law (1,307) - - - -
Income taxes (paid) refund (9,377) (9,258) (19,662) (15,054) (5,821)
Net cash provided (used) by operating activities 97,342 125,082 68,901 16,419 4,966
Cash flows from investing activities:
Purchase of property, plant and equipment (21,295) (28,062) (20,827) (19,463) (16,965)
Proceeds from sales of property, plant and equipment 271 921 2,807 4,505 681
Purchase of intangible assets (9,119) (7,672) (7,566) (5,968) (6,134)
Payments for acquisition of shares of subsidiaries resulting in changes in the consolidation scope (1,100) - (2,380) - -
Purchase of investment securities (8,835) (6,625) (6,281) (7,802) (1,126)
Proceeds from sales of investment securities 5,851 8,328 651 5,870 38,754
Transfer to term deposits (8,867) (5,670) (1,327) (370) (3)
Proceeds from withdrawal from term deposits 5,822 4,110 8,403 481 1,857
Others, net (3,420) (137) 1,216 1,467 960
Net cash provided (used) by investing activities (40,693) (34,808) (25,304) (21,281) 18,024
Cash flows from financing activities:
Net increase (decrease) in short-term borrowings - (1,400) (50) (2,250) -
Proceeds from long-term borrowings 38,780 - - - -
Repayment of long-term borrowings and bonds (12,903) (10,095) - - -
Repayments of lease obligations - - (798) (7,194) (7,448)
Proceeds from issuance of bonds - - - - 19,894
Redemption of bonds - - - - (10,000)
Cash dividends paid (8,734) (7,153) (20,621) (23,552) (7,350)
Cash dividends paid to non-controlling interests (45) (57) (40) (42) (43)
Purchase of treasury shares - - (3) (40,002) (1)
Others, net (1,576) (1,265) (71) 301 (43)
Net cash provided (used) by financing activities 15,522 (19,970) (21,583) (72,739) (4,991)
Effect of exchange rate changes on cash and cash equivalents (4,335) (913) 603 (9,421) 9,766
Net increase (decrease) in cash and cash equivalents 67,836 69,392 22,617 (87,021) 27,765
Cash and cash equivalents at the beginning of the year 251,210 319,046 388,438 411,055 324,034
Cash and cash equivalents at the end of the year 319,046 388,438 411,055 324,034 351,798