Consolidated Statements of Cash Flows

Millions of yen
  FY2014/3 FY2015/3 FY2016/3 FY2017/3 FY2018/3
Operating activities:          
Net income (loss) 90,074 126,624 133,495 147,190 144,244
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 143,979 126,409 124,960 117,635 127,642
Impairment losses for long-lived assets and goodwill No data No data No data No data No data
(Gains) losses on sales of investment securities (5,489) 703 (11,996) (22,513) (51,222)
Deffered income taxes 17,319 20,458 8,219 (2,934) (11,130)
Equity in net earnings (losses) of affiliated companies, less dividends received 6,975 16,102 2,302 4,546 1,142
Changes in operating assets and liabilities:          
Notes and accounts receivable (18,576) (4,377) (20,061) 3,444 41,342
Inventories 59,726 10,931 5,784 4,891 (7,518)
Notes and accounts payable - trade 7,294 (20,474) 1,680 5,692 (19,999)
Accrued income taxes and other liabilities (999) 6,679 (12,057) (5,997) 68,551
Other (3,714) 5,947 (8,847) 36,665 (11,062)
Net cash provided by operating activities 296,589 267,778 223,479 288,619 261,152
Investing activities:          
Purchases of property, plant and equipment (70,285) (56,943) (63,810) (74,647) (74,647)
Purchases of software (24,589) (26,554) (22,278) (22,318) (18,541)
Proceeds from sales and maturities of marketable and investment securities 18,635 37,164 45,254 63,801 73,270
Purchases of marketable and investment securities (20,023) (37,244) (30,798) (20,055) (5,063)
(Increase) decrease in investments in and advances to affiliated companies (4,344) (6,309) (3,950) (5,527) (3,052)
Acquisitions of businesses and minority interests, net of cash acquired - (800) (36,697) (1,334) (127,269)
Other (30,691) (35,942) (44,770) (17,770) (8,779)
Net cash used in investing activities (129,535) (124,555) (157,320) (116,439) (111,786)
Financing activities:          
Proceeds from long-term debt 1,752 4,530 2,955 226,495 2,100
Repayments of long-term debt (6,630) (8,619) (6,110) (6,777) (165,416)
Increase (decrease) in short-term debt, net 5,358 (8,332) 20,808 (26,233) (7,171)
Cash dividends paid (19,275) (26,510) (31,974) (30,165) (31,714)
Subsidiaries' cash dividends paid to noncontrolling interests (6,264) (6,600) (7,295) (6,371) (6,521)
Net purchases of stock for treasury (22) (62) (150,049) (50,021) (50,023)
Other (13) No data No data 4362 (216)
Net cash provided by (used in) financing activities (25,094) (45,593) (171,665) 111,290 (258,961)
Effect of exchange rate changes on cash and cash equivalents 17,217 24,687 (20,485) (8,409) 1,883
Net increase (decrease) in cash and cash equivalents 159,177 122,317 (125,991) 275,061 (107,712)
Cash and cash equivalents at beginning of year 445,394 604,571 726,888 600,897 875,958
Cash and cash equivalents at end of year 604,571 726,888 600,897 875,958 768,246

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