Consolidated Statement of Cash Flows
(unit: millions of yen)
| 2025/3 | 2026/3 | |
| Cash flows from operating activities | ||
| Profit before income taxes | 3,240 | 3,182 |
| Depreciation | 278 | 329 |
| Amortization of goodwill | 140 | 237 |
| Increase (decrease) in allowance for doubtful accounts | 11 | (2) |
| Increase (decrease) in provision for bonuses | 72 | 26 |
| Decrease (increase) in retirement benefit asset | (26) | (20) |
| Increase (decrease) in retirement benefit liability | 124 | 95 |
| Increase (decrease) in provision for shareholder benefit program | 18 | 59 |
| Investment securities valuation loss | 322 | - |
| Loss (gain) on sale of non-current assets | - | 23 |
| Interest and dividend income | (5) | (18) |
| Interest expenses | 9 | 30 |
| Share of loss (profit) of entities accounted for using equity method | 57 | 55 |
| Gain on bargain purchase | - | (5) |
| Decrease (increase) in trade receivables | 15 | (712) |
| Decrease (increase) in leasehold and guarantee deposits | 10 | 22 |
| Increase (decrease) in accrued expenses | (379) | 487 |
| Increase (decrease) in accrued consumption taxes | (160) | (168) |
| Other, net | (593) | (627) |
| Subtotal | 3,136 | 2,992 |
| Interest and dividends received | 21 | 40 |
| Interest paid | (10) | (30) |
| Income taxes refund | 30 | 21 |
| Income taxes paid | (1,497) | (1,488) |
| Net cash provided by (used in) operating activities | 1,681 | 1,535 |
| Cash flows from investing activities | ||
| Purchase of securities | (1,468) | (200) |
| Purchase of property, plant and equipment | (453) | (210) |
| Purchase of intangible assets | (33) | (63) |
| Purchase of shares of subsidiaries resulting in change in scope of consolidation | - | (306) |
| Proceeds from cancellation of insurance funds | 8 | 216 |
| Other, net | (130) | 7 |
| Net cash provided by (used in) investing activities | (2,076) | (557) |
| Cash flows from financing activities | ||
| Repayments of long-term borrowings | (534) | (2,309) |
| Purchase of treasury shares | (0) | (199) |
| Proceeds from disposal of treasury shares | 166 | - |
| Dividends paid | (671) | (725) |
| Dividends paid to non-controlling interests | (18) | (19) |
| Other, net | (1) | (1) |
| Net cash provided by (used in) financing activities | (1,060) | (3,256) |
| Effect of exchange rate change on cash and cash equivalents | - | - |
| Net increase (decrease) in cash and cash equivalents | (1,454) | (2,277) |
| Cash and cash equivalents at beginning of period | 9,641 | 8,186 |
| Cash and cash equivalents at end of period | 8,186 | 5,908 |