Financial Results / Presentation Materials 2004
(Millions of yen)
| April 1, 2002- March 31, 2003 [Amount] |
April 1, 2003- March 31, 2004 [Amount] |
|
|---|---|---|
| I. Cash flows from operating activities | ||
| Net income before income taxes and minority interests | 24,728 | 32,363 |
| Depreciation and amortization | 28,497 | 44,386 |
| Amortization of consolidated goodwill | - | 2,869 |
| Increase (decrease) in allowance for doubtful accounts | (2,163) | (3,846) |
| Interest and dividend income | (1,051) | (1,003) |
| Interest expense | 4,484 | 5,190 |
| Loss (gain) on sales or disposals of tangible fixed assets | 3,112 | 2,477 |
| Valuation loss (gain) on investment securities | 2,167 | 574 |
| Transition obligations due to adoption of new accounting standards for retirement benefits |
1,325 | 1,540 |
| Gain on return of proxy portion of national employees' pension fund |
(8,081) | - |
| Special premium for withdrawal from national employee's pension fund |
543 | 513 |
| Transfers to reserve for deferred pension and past service recognition payments to directors |
- | 513 |
| Management integration rationalization expenses | - | 5,022 |
| Expenses related to switch of defined contribution benefit plan | 2,993 | 180 |
| Provision of reserve for reorganization/liquidation expenses | 5,637 | - |
| Decrease (increase) in trade notes and accounts receivable | 7,686 | (3,210) |
| Decrease (increase) in inventories | 2,187 | (2,914) |
| Increase (decrease) in trade notes and accounts payable | 3,337 | (1,060) |
| Increase (decrease) in accrued consumption tax payable | 155 | (738) |
| Other | 4,991 | (4,613) |
| Subtotal | 80,552 | 78,243 |
| Interest and dividends received | 1,506 | 1,363 |
| Interest paid | (4,653) | (5,263) |
| Income taxes paid | (10,968) | (18,385) |
| Net cash provided by operating activities | 66,437 | 55,957 |
| II. Cash flows from investing activities | ||
| Payment for acquisition of tangible fixed assets | (29,545) | (24,935) |
| Proceeds from sale of tangible fixed assets | 2,177 | 6,102 |
| Payment for acquisition of intangible fixed assets | (3,669) | (6,383) |
| Payment for borrowings | (5,743) | (1,451) |
| Proceeds from loan recovery | 2,963 | 460 |
| Payment for acquisition of investment securities | (706) | (39) |
| Proceeds from sale of investment securities | 746 | 225 |
| Payment for other investments | (3,533) | (3,296) |
| Other | (18) | 533 |
| Net cash used in by investing activities | (37,328) | (28,784) |
| III. Cash flows from financing activities | ||
| Net (decrease) increase in short-term loans payable | (19,551) | (11,090) |
| Proceeds from long-term loans payable | 16,000 | 674 |
| Repayment of long-term loans payable | (3,300) | (13,006) |
| Redemption of bonds | (15,354) | (5,054) |
| Income from addition to capital by minority investor | 1,300 | - |
| Payment to execute buyback of Company's stock | (204) | (286) |
| Proceeds from sale of Company's stock | - | 44 |
| Dividend payments | (3,576) | (4,430) |
| Net cash used in financing activities | (24,685) | (33,149) |
| IV. Translation differences on cash and cash equivalents | (206) | (1,317) |
| V. Increase (decrease) in cash and cash equivalents | 4,216 | (7,292) |
| VI. Cash and cash equivalents at beginning of the period | 47,659 | 51,876 |
| VII. Increase in cash and cash equivalents due to newly consolidation subsidiaries |
- | 667 |
| VIII. Increase in cash and cash equivalents due to exchange of shares |
- | 38,453 |
| IX. Cash and cash equivalents at end of the period | 51,876 | 83,704 |