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Consolidated Statements of Cash Flow

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Consolidated Statements of Cash Flow (XLS/47KB)

(Unit: million yen)

  FY2017 (IFRS) FY2018 (IFRS)
Cash flows from operating activities
Profit before income tax 39,232 182,624
Depreciation, amortization and impairment loss 279,151 198,761
Finance income and costs 7,286 5,824
Other comprehensive income -2,670 -10,937
Loss (gain) on sale of property, plant and equipment, and intangible assets -1,693 -41,218
Loss on retirement of property, plant and equipment, and intangible assets 7,022 6,519
Decrease (increase) in trade receivables -9,135 34,863
Decrease (increase) in contract assets 4,066 115,185
Decrease (increase) in inventories 99,260 17,229
Increase (decrease) in trade payables 64,385 51,014
Increase (decrease) in contract liabilities 79,649 -33,589
Increase (decrease) in provisions -48,302 46,578
Increase (decrease) in liability for retirement benefits 11,033 2,162
Decrease (increase) in indemnification assets of South African projects -40,410 -110,615
Others -57,778 -15,480
Subtotal 431,098 448,924
Interest received 4,032 5,149
Dividends received 17,438 15,232
Interest paid -8,456 -6,664
Income taxes paid -38,360 -57,718
Net cash provided by (used in) operating activities 405,752 404,924
Cash flows from investing activities
Purchases of property, plant and equipment and intangible assets -267,103 -224,263
Proceeds from sales of property, plant and equipment and intangible assets 8,231 43,509
Purchases of investments (including investments accounted for using equity method) -105,442 -8,547
Proceeds from sales and redemption of investments (including investments accounted for using equity method) 114,089 26,975
Disbursement of loans -1,993 -5,088
Collection of loans 15,898 3,167
Others -1,872 2,377
Net cash provided by (used in) investing activities -238,193 -161,869
Cash flows from financing activities
Net increase (decrease) in current borrowings 25,446 -60,613
Proceeds from non-current borrowings 3,859 7,039
Repayment of non-current borrowings -96,841 -68,439
Proceeds from issuance of bonds 20,000 -
Payment for redemption of bonds -60,000 -30,000
Proceeds from issuance of stock to non-controlling shareholders 519 1,749
Dividends paid to equity holders of parent -40,206 -41,888
Dividends paid to non-controlling interests -6,128 -7,781
Proceeds from fluidity of lease receivables 209,031 169,271
Repayment of payables under fluidity lease receivables -166,146 -218,519
Others -1,868 -6,394
Net cash provided by (used in) financing activities -112,334 -255,577
Effect of exchange rate changes on cash and cash equivalents 1,607 -3,478
Net increase (decrease) in cash and cash equivalents 56,832 -16,001
Cash and cash equivalents at the beginning of the year 242,404 299,237
Cash and cash equivalents at the end of period 299,237 283,235

Consolidated Statements of Cash Flow (JGAAP) for FY 2013-2017

(Unit: million yen)

  FY2013 FY2014 FY2015 FY2016 FY2017
Cash flows from operating activities
Income before income taxes 214,421 232,697 132,682 169,718 128,042
Depreciation and amortization 134,970 157,010 158,706 172,762 176,104
Impairment loss 6,910 - 3,393 - 3,174
Amoritization of goodwill 5,792 11,937 11,416 16,568 16,484
Increase (decrease) in reserve for retirement allowance -51,904 - - - -
Increase (decrease) in liability for retirement benefit 57,022 -2,409 -7,820 -1,093 6,612
Interest and dividend income -6,780 -12,864 -15,577 -15,437 -16,366
Interest expense 15,629 15,365 13,338 11,461 9,036
Foreign exchange loss (gain) - - 22,856 -8,337 -2,239
(Income) loss from equity method investments -1,492 14,128 -5,647 22,845 -3,230
(Gain) loss on changes in equity interest -130,661 -17,157 - - -
(Gain) loss on sales of investment securities -13,360 -10,787 - -61,047 -31,303
Loss on revaluation of investment securities - - - 6,272 372
(Gain) loss on sales of fixed assets -11,256 -3,960 -5,663 -53,861 -1,693
Loss on disposal of fixed assets 5,999 6,312 12,959 7,627 7,022
Gain on negative goodwill -4,928 - -6,867 - -45
Gain on revision of retirement benefit plan - - -2,208 - -
Business structure improvement expenses 57,907 16,449 47,251 12,810 14,548
Loss on passenger vessel construction business reserve 64,126 69,534 103,911 34,323 -
Gain on return of assets from retiement benefits trust - -11,986 - - -
(Increase) decrease in receivables -73,900 29,145 75,764 -11,002 -42,093
(Increase) decrease in inventories and advances to suppliers -15,599 -156,049 -116,847 -121,023 126,965
(Increase) decrease in other assets -6,590 -8,798 -202,252 -117,552 -110,734
Increase (decrease) in payables 31,303 5,373 -3,228 -14,261 41,733
Increase (decrease) in advance payments received on contracts 42,685 24,934 107,093 39,375 118,648
Increase (decrease) in other liabilities -22,820 -17,341 -4,214 52,556 -54,039
Others 27,333 2,507 -3,765 -3 -15,908
Subtotal 324,807 344,040 315,280 142,703 371,089
Interest and dividends received 7,854 18,905 18,393 20,270 21,470
Interest paid -16,103 -15,960 -13,800 -12,185 -8,456
Income taxes paid -20,342 -134,151 -49,870 -54,875 -38,994
Net cash provided by operating activities 296,216 212,834 270,002 95,913 345,109
Cash flows from investing activities
Net (increase) decrease in time deposits 53 -2,230 -2,180 2,521 -5,849
Purchases of property, plant, equipment and intangible assets -158,198 -163,402 -161,160 -200,185 -165,168
Proceeds from sales of property, plant, equipment and intangible assets 19,345 14,378 12,535 97,013 8,231
Purchases of investment securities -27,630 -50,319 -13,112 -5,033 -104,514
Proceeds from sales and redemption of investment securities 19,623 29,758 11,055 17,376 112,122
Purchase of investments in subsidiaries resulting in change in scope of consolidation -50,319 - -105,425 - -
Proceeds from purchase of investments in subsidiaries resulting in change in scope of consolidation 3,398 - 9,574 - -
Proceeds from sales of investments in subsidiaries resulting in change in scope of conslidation - 2,573 - 102,436 1,900
Payment for sales of investments in subsidiaries resulting in change in scope of consolidation - - -6,369 -849 -928
Proceeds from sales of investments in subsidiaries 29,700 - - - -
Payments for transfer of business - - -2,708 - 1,400
Disbursement of long-term loans -12,886 -18,275 -6,240 -10,996 -1,993
Collection of long-term loans 26,607 15,498 4,259 13,868 15,898
Others -1,249 -2,130 -2,706 -7,440 1,719
Net cash used in investing activities -151,555 -174,149 -262,479 8,712 -137,181
Cash flows from financing activities
Net increase (decrease) in short-term borrowings and commercial papers -7,251 57,256 20,506 -132,340 25,963
Proceeds from long-term borrowings 59,694 97,115 44,889 60,206 6,449
Repayment of long-term borrowings -153,072 -188,683 -58,859 -62,804 -96,841
Proceeds from issuance of bonds 45,000 70,000 20,000 30,000 20,000
Payment for redemption of bonds -50,000 -70,000 - -20,000 -60,000
Proceeds from issuance of stock to non-controlling stockholders 3,431 25,228 4,144 445 519
Dividends paid to stockholders -30,107 -30,139 -40,269 -40,283 -40,206
Dividends paid to non-controlling stockholders -1,682 -4,133 -10,494 -2,682 -6,128
Purchase of investments in subsidiaries resulting in no change in scope of consolidation - - -571 - -
Others -2,681 -2,516 -2,452 5,381 -1,868
Net cash used in financing activities -136,669 -45,872 -23,106 -162,078 -152,113
Effect of exchange rate changes on cash and cash equivalents -11,450 -945 -35,194 1,060 1,607
Net increase (decrease) in cash and cash equivalents -3,459 -8,133 -50,778 -56,392 57,422
Cash and cash equivalents at beginning of year 319,426 370,710 357,349 300,267 242,404
Increase in cash and cash equivalents due to changes in scope of consolidation 27,957 - 649 - 2
Decrease in cash and cash equivalents due to changes in scope of consolidation - -10,845 -6,953 -1,470 -592
Increase in cash and cash equivalents from corporate partition 26,787 5,617 - - -
Cash and cash equivalents at end of year 370,710 357,349 300,267 242,404 299,237