Investor Relations

Millions of Yen

For the years ended March 31, 2020 and 2019 2020 2019
Income before income taxes -1,084 1,008
Depreciation and amortization 213 228
Changes in other non-cash expenses and income -128 -27
Changes in trade notes and account receivables 1,068 1,290
Changes in advances received -348 -690
Changes in inventories 270 -536
Changes in trade notes and account payables 791 -472
Income taxes paid -387 -139
Other -360 -564
Cash flows from operating activities 35 96
Cash flows from investing activities 115 579
Cash flows from financing activities -109 -95
Effect of foreign exchange rates on cash and cash equivalents -1 2
Net increase/decrease in cash and cash equivalents 39 583
Cash and cash equivalents, beginning of year 4,282 3,699
Cash and cash equivalents, end of year 4,322 4,282