Consolidated Statement of Cash Flows

IR

Consolidated Statement of Cash Flows

(Million yen)

 
 FY2023
(as of December 31,
2023)		 FY2024
(as of December 31,
2024)
Cash flows from operating activities  
  
Profit before income taxes 9,073 8,629
Depreciation 363 455
Amortization of goodwill 385 498
Increase (decrease) in allowance
for doubtful accounts 
 4 (32)
Increase (decrease) in provision for
bonuses		 (132) 37
Interest and dividend income (5) (9)
Interest expenses 7 12
Share of loss (profit) of entities
accounted for using equity method		 (56) (123)
Gain on sale of shares of subsidiaries – (1,295)
Loss on retirement of non-current assets 24 38
Decrease (increase) in trade receivables 961 43
Decrease (increase) in accounts receivable-other (855) (698)
Increase (decrease) in trade payables (204) 48
Increase (decrease) in accrued expenses (33) 41
Increase (decrease) in
accrued consumption taxes		 (857) (277)
Increase (decrease) in retirement benefit liability 78 31
Other, net 601 222
Subtotal 9,354 7,619
Interest and dividends 
received		 5 9
Interest 
paid		 (7) (11)
Income taxes paid (4,208) (2,409)
Income taxes refund 18 550
Net cash provided by (used in) operating
activities		 5,163 5,758

(Million yen)

 
 FY2023
(as of December 31,
2023)		 FY2024
(as of December 31,
2024)
Cash flows from investing activities  
  
Proceeds from withdrawal of time deposits 1,158 –
Purchase of property, plant and equipment (116) (286)
Proceeds from sale of property, plant and equipment 266 38
Purchase of intangible assets (183) (394)
Proceeds from sale of intangible assets – 20
Purchase of investment securities (98) (255)
Proceeds from sale of investment
securities		 346 31
Purchase of shares of subsidiaries
resulting in change in scope of
consolidation		 (7,511) –
Proceeds from sale of shares of subsidiaries resulting in change in scope of consolidation – 999
Additional purchase of investments in consolidated subsidiaries (450) –
Proceeds from collection of
loans receivable 		27 41
Other, net 196 (19)
Net cash provided by (used in) investing
activities		 (6,366) 175
Cash flows from financing activities  
  
Repayments of long-term borrowings (604) –
Purchase of treasury shares (2,026) –
Purchase of shares of subsidiaries not resulting in change in scope of consolidation – (644)
Dividends paid (2,295) (2,217)
Other, net (30) (8)
Net cash provided by (used in) financing
activities		 (4,954) (2,870)
Effect of exchange rate change on cash and cash equivalents – (1)
Net increase (decrease)
in cash and cash equivalents		 (6,158) 3,063
Cash and cash equivalents
at beginning of period		 20,626 14,468
Cash and cash equivalents
at end of period		 14,468 17,531

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