Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows

Nippon Shinyaku adheres to the policy of formulating consolidated financial statements on the basis of Japanese standards for the time being to facilitate comparison between chronological periods and between companies. We intend to consider the application of the International Financial Reporting Standards (IFRS) as it may become more appropriate in view of both domestic and international situations.

Consolidated Statement of Cash Flows (Year Ended March 31, 2021)

(Millions of yen)

Cash flows from operating activities
Profit before income taxes 28,759
Depreciation 3,550
Decrease (increase) in retirement benefit asset (1,858)
Increase (decrease) in retirement benefit liability 457
Increase (decrease) in provisions 101
Interest and dividend income (531)
Interest expenses 2
Foreign exchange losses (gains) (52)
Loss (gain) on sale of investment securities (1,936)
Loss (gain) on sale of property, plant and equipment (62)
Decrease (increase) in trade receivables 1,724
Decrease (increase) in inventories (5,629)
Decrease (increase) in other current assets 306
Increase (decrease) in trade payables (1,669)
Increase (decrease) in accrued consumption taxes 261
Increase (decrease) in other current liabilities 1,523
Other, net 214
Subtotal 25,162
Interest and dividends received 532
Interest paid (2)
Income taxes paid 21,388
Net cash provided by (used in) operating activities 21,388
Cash flows from investing activities
Payments into time deposits (662)
Proceeds from withdrawal of time deposits 582
Purchase of securities (2,000)
Proceeds from redemption of securities 2,010
Purchase of investment securities (1,102)
Proceeds from sale of investment securities 2,542
Purchase of property, plant and equipment (2,168)
Proceeds from sale of property, plant and equipment 195
Purchase of long-term prepaid expenses (694)
Other, net (266)
Net cash provided by (used in) investing activities (1,564)
Cash flows from financing activities
Dividends paid (6,196)
Purchase of treasury shares (3)
Other, net -
Net cash provided by (used in) financing activities (6,199)
Effect of exchange rate change on cash and cash equivalents (40)
Net increase (decrease) in cash and cash equivalents 13,584
Cash and cash equivalents at beginning of period 44,298
Cash and cash equivalents at end of period 57,883

*All amounts are rounded down to the nearest million yen.