Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

(Unit: millions of yen)

  Fiscal year ended
03/31/2025		 Fiscal year ended
03/31/2026
Cash flows from operating activities    
Profit before income taxes 6,192 6,991
Depreciation 2,247 2,917
Amortization of goodwill － 168
Impairment losses 300 －
Increase (decrease) in retirement benefit asset and liability 231 (164)
Interest and dividend income (293) (391)
Interest expenses 51 222
Foreign exchange losses (gains) 97 189
Share of loss (profit) of entities accounted for using equity method 53 293
Loss (gain) on sale and retirement of property, plant and equipment 0 (90)
Loss (gain) on valuation of investment securities － 244
Loss (gain) on sale of investment securities (127) (1,474)
Decrease (increase) in trade receivables 1,203 (867)
Decrease (increase) in inventories (2,675) (2,684)
Increase (decrease) in trade payables 339 (1,539)
Subsidiary-related profit and loss (1,257) －
Other, net (180) 1,562
Subtotal 6,183 5,378
Interest and dividends received 379 391
Interest paid (51) (222)
Income taxes paid (4,026) 756
Net cash provided by (used in) operating activities 2,485 6,303
Cash flows from investing activities    
Proceeds from redemption of securities 500 536
Purchase of securities － (894)
Purchase of property, plant and equipment (2,960) (2,549)
Proceeds from sale of property, plant and equipment 0 166
Purchase of intangible assets (602) (325)
Proceeds from sale of investment securities 252 2,074
Purchase of shares of subsidiaries and associates － (3,908)
Proceeds from sale of shares of subsidiaries and associates － 47
Purchase of shares of subsidiaries resulting in change in scope of consolidation (2,189) －
Other, net (1,125) (901)
Net cash provided by (used in) investing activities (6,124) (5,752)
Cash flows from financing activities    
Proceeds from long-term borrowings 3,000 3,500
Repayments of long-term borrowings (4,680) (1,937)
Net increase (decrease) in short-term borrowings － (738)
Net decrease (increase) in treasury shares 0 0
Dividends paid (1,275) (1,617)
Other, net － (24)
Net cash provided by (used in) financing activities (2,956) (818)
Effect of exchange rate change on cash and cash equivalents (97) (208)
Net increase (decrease) in cash and cash equivalents (6,692) (476)
Cash and cash equivalents at beginning of period 16,738 10,603
Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation 556 －
Cash and cash equivalents at end of period 10,603 10,126