Statements of Cash Flows
Consolidated
Cash flows from operating activities
（millions of yen）
| 2019/12 | 2020/12 | |
|---|---|---|
| Profit before income taxes | 475 | 1,376 |
| Depreciation | 912 | 842 |
| Amortization of goodwill | 572 | 570 |
| Impairment loss | 114 | 61 |
| Increase (decrease) in provision for directors’ retirement benefits | ||
| Increase (decrease) in net defined benefit liability | 13 | 36 |
| Retirement benefit expenses | 16 | – |
| Increase (decrease) in allowance for doubtful accounts | △8 | 28 |
| Increase (decrease) in provision for sales returns | 1 | △1 |
| Increase (decrease) in provision for sales rebates | 0 | 3 |
| Increase (decrease) in provision for bonuses | △3 | 0 |
| Interest and dividend income | △27 | △26 |
| Interest expenses | 234 | 181 |
| Commission for purchase of treasury shares | ||
| Commission expenses | 76 | – |
| Foreign exchange losses (gains) | 19 | △18 |
| Share of loss of entities accounted for using equity method | 13 | △7 |
| Loss (gain) on sales of non-current assets | △4 | △4 |
| Loss on valuation of shares of subsidiaries and associates | ||
| Loss on valuation of inventories | 156 | – |
| Decrease (increase) in notes and accounts receivable – trade | △11 | △307 |
| Decrease (increase) in inventories | 906 | 736 |
| Increase (decrease) in notes and accounts payable – trade | △41 | △391 |
| Increase (decrease) in accounts payable – other | △80 | △47 |
| Other, net | 24 | △150 |
| Subtotal | 3,318 | 2,786 |
| Interest and dividend income received | 27 | 21 |
| Interest expenses paid | △234 | △176 |
| Income taxes paid | △725 | △601 |
| Net cash provided by (used in) operating activities | 2,392 | 1,937 |
Cash flows from investing activities
（millions of yen）
| 2019/12 | 2020/12 | |
|---|---|---|
| Net decrease (increase) in time deposits | ||
| Purchase of property, plant and equipment | △426 | △217 |
| Purchase of intangible assets | △74 | △75 |
| Purchase of investment securities | △0 | – |
| Purchase of shares of subsidiaries and affiliates | ||
| Loans receivable to subsidiaries and affiliates | ||
| Payments for lease deposits | ||
| Purchase of shares of subsidiaries resulting in change in scope of consolidation | ||
| Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation | ||
| Other, net | 4 | △23 |
| Net cash provided by (used in) investing activities | △464 | △258 |
Cash flows from financing activities
（millions of yen）
| 2019/12 | 2020/12 | |
|---|---|---|
| Net increase (decrease) in short-term loans payable | △6,625 | △155 |
| Proceeds from long-term loans payable | 7,937 | 2,779 |
| Repayments of long-term loans payable | △1,800 | △3,576 |
| Repayments of lease obligations | △145 | △151 |
| Purchase of treasury shares | △0 | △0 |
| Cash dividends paid | △216 | △216 |
| Dividends paid to non-controlling interests | △48 | △19 |
| Others | 4 | △0 |
| Net cash provided by (used in) financing activities | △893 | △1,339 |
| Effect of exchange rate change on cash and cash equivalents | △17 | △139 |
| Net increase (decrease) in cash and cash equivalents | 1,016 | 199 |
| Cash and cash equivalents at beginning of period | 2,294 | 3,328 |
| Cash and cash equivalents at end of period | 3,328 | 3,527 |
