Cash Flows Statement

(thousand yen)
17-Mar18-Mar
Cash flows from operating activities
Profit before income taxes 2,278,604 2,379,317
Depreciation 825,765 977,379
Impairment loss 24,273 27,067
Amortization of goodwill 165,415 155,633
Share-based compensation expenses 25,520 48,557
Increase (decrease) in allowance for doubtful accounts -13,315 -50,074
Increase (decrease) in provision for bonuses 133,372 55,115
Increase (decrease) in net defined benefit liability -20,384 -11,227
Increase (decrease) in provision for loss on order received 10,892 11,611
Interest and dividend income -1,036 -1,055
Interest expenses 18,757 13,331
Share of (profit) loss of entities accounted for using equity method -33,617 -239,047
Loss (gain) on investments in partnership -11,761 1,966
Loss (gain) on sales of investment securities -16,655 -20,670
Decrease (increase) in notes and accounts receivable - trade -129,014 1,962,370
Decrease (increase) in inventories 174,209 22,733
Decrease (increase) in operating receivables -240,488 223,920
Increase (decrease) in notes and accounts payable - trade -156,455 -1,626,378
Increase (decrease) in accrued consumption taxes -195,490 15,648
Increase (decrease) in operating debt 154,218 -162,874
Other, net 6,681 2,121
Subtotal 2,999,492 3,793,344
Interest and dividend income received 1077 976
Interest expenses paid -18,757 -13,005
Income taxes (paid) refund -812,881 -704,281
Net cash provided by (used in) operating activities 2,168,930 3,077,034
Cash flows from investing activities
Purchase of property, plant and equipment -173,427 -271,036
Purchase of intangible assets -702,567 -825,950
Purchase of investment securities -143,400 0
Proceeds from sales and redemption of investment securities 176,990 20,808
Collection of loans receivable 1,800 1,800
Payments for guarantee deposits -134,930 -43,408
Proceeds from collection of guarantee deposits 899 11454
Payments for asset retirement obligations - -
Other, net 11,964 -5,585
Net cash provided by (used in) investing activities -959,521 -997,727
Cash flows from financing activities
Repayments of long-term loans payable -324,650 -293,700
Redemption of bonds - -100,000
Proceeds from issuance of common shares 214,056 166,062
Purchase of treasury shares -327 -358,643
Cash dividends paid -288,682 -294,834
Proceeds from the shift to leasing of newly acquired facilities 12301 0
Repayments of lease obligations -71,770 -75,290
Proceeds from share issuance to non-controlling shareholders 10,200 0
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation -310,483 0
新株予約権の発行による収入 8776 0
Other -500 0
Net cash provided by (used in) financing activities -751,079 -548,726
Effect of exchange rate change on cash and cash equivalents 1,090 84
Net increase (decrease) in cash and cash equivalents 459,420 1,530,663
Cash and cash equivalents at beginning of period 5,616,470 6,075,890
Cash and cash equivalents at end of period 6,075,890 7,606,554