Cash Flows Statement

(thousand yen)
2015/32016/3
Cash flows from operating activities
Profit before income taxes 1,491,061 2,354,846
Depreciation 878,800 812,235
Impairment loss 96,387 101,539
Amortization of goodwill 157,922 165,415
Share-based compensation expenses 39,707 26,775
Increase (decrease) in allowance for doubtful accounts 2,138 -3,957
Increase (decrease) in provision for bonuses 69,793 59,229
Increase (decrease) in net defined benefit liability 8,217 -31,126
Increase (decrease) in provision for loss on order received 7,486 -6,154
Interest and dividend income -6,044 -511
Interest expenses 30,168 24,627
Share of (profit) loss of entities accounted for using equity method 3,224 72,823
Loss (gain) on investments in partnership 36,094 4,066
Loss (gain) on sales of investment securities -247,666 -219,928
Loss (gain) on valuation of investment securities 1,237 -
Decrease (increase) in notes and accounts receivable - trade 585,273 -4,337,341
Decrease (increase) in inventories -176,461 -134,260
Decrease (increase) in operating receivables -111,739 -173,794
Increase (decrease) in notes and accounts payable - trade -290,635 2,668,747
Increase (decrease) in accrued consumption taxes 74,011 316,741
Increase (decrease) in operating debt 544,647 455,114
Other, net 4,730 16,382
Subtotal 3,198,354 2,171,469
Interest and dividend income received 6,052 470
Interest expenses paid -30,168 -24,627
Income taxes (paid) refund -508,403 -721,749
Net cash provided by (used in) operating activities 2,665,835 1,425,563
Cash flows from investing activities
Purchase of property, plant and equipment -918,077 -179,425
Purchase of intangible assets -566,576 -432,218
Purchase of investment securities -222,920 -77,500
Proceeds from sales and redemption of investment securities 354,298 320,693
Purchase of shares of subsidiaries resulting in change in scope of consolidation -1,027,839 -
Collection of loans receivable 1,050 1,800
Payments for guarantee deposits -121,286 -970
Proceeds from collection of guarantee deposits 275,904 31,990
Payments for asset retirement obligations -97,177 -10,330
Other, net -12,015 -15,168
Net cash provided by (used in) investing activities -2,334,641 -361,130
Cash flows from financing activities
Proceeds from long-term loans payable 1,600,000 -
Repayments of long-term loans payable -324,600 -324,600
Redemption of bonds - -100,000
Proceeds from issuance of common shares 16,556 30,617
Purchase of treasury shares - -124,374
Cash dividends paid -193,714 -193,921
Proceeds from the shift to leasing of newly acquired facilities 629,430 -
Repayments of lease obligations -132,454 -70,226
Proceeds from share issuance to non-controlling shareholders - 29,400
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation - -375,099
Net cash provided by (used in) financing activities 1,595,217 -1,128,204
Effect of exchange rate change on cash and cash equivalents 19,381 -18,237
Net increase (decrease) in cash and cash equivalents 1,945,792 -82,008
Cash and cash equivalents at beginning of period 3,752,685 5,698,478
Cash and cash equivalents at end of period 5,698,478 5,616,470