| 2024/3 | 2025/3 |
Cash flows from operating activities | | |
Profit before income taxes | 8,796 | 7,213 |
Depreciation | 7,632 | 7,843 |
Impairment losses | 83 | - |
Increase (decrease) in allowance for doubtful accounts | -44 | -783 |
Increase (decrease) in provision for bonuses | 263 | -72 |
Increase (decrease) in retirement benefit liability | 65 | -55 |
Loss (gain) on sale and retirement of non-current assets | 102 | 125 |
Loss (gain) on valuation of investment securities | - | 0 |
Gain on cancellation of leases | - | -18 |
Interest and dividend income | -531 | -581 |
Interest expenses | 165 | 213 |
Foreign exchange losses (gains) | 82 | -57 |
Share of loss (profit) of entities accounted for using equity method | -37 | 395 |
Insurance claim income | -743 | - |
Gain on recovery of money transfer scam at subsidiary | -111 | -8 |
Commission for purchase of treasury shares | 81 | - |
Decrease (increase) in trade receivables | -1,397 | 2,900 |
Decrease (increase) in inventories | -135 | -2,540 |
Increase (decrease) in trade payables | 675 | -2,783 |
Increase (decrease) in accrued consumption taxes | 153 | -346 |
Other, net | 728 | -849 |
Subtotal | 15,830 | 10,593 |
Interest and dividends received | 527 | 602 |
Interest paid | -167 | -211 |
Insurance claim income | 743 | - |
Gain on recovery of money transfer scam at subsidiary | 111 | 8 |
Income taxes paid | -1,380 | -2,095 |
Net cash provided by (used in) operating activities | 15,665 | 8,896 |
Cash flows from investing activities | | |
Purchase of non-current assets | -6,749 | -8,147 |
Proceeds from sale of non-current assets | 58 | 377 |
Payments for retirement of non-current assets | -26 | -37 |
Purchase of investment securities | -7 | -8 |
Net decrease (increase) in time deposits | -791 | -144 |
Purchase of investments in capital of associates | - | -328 |
Purchase of investments in capital of subsidiaries resulting in change in scope of consolidation | -551 | - |
Other, net | 12 | -323 |
Net cash provided by (used in) investing activities | -8,056 | -8,611 |
Cash flows from financing activities | | |
Net increase (decrease) in short-term borrowings | -4,477 | 1,223 |
Proceeds from long-term borrowings | 9,000 | 3,800 |
Repayments of long-term borrowings | -4,842 | -6,055 |
Purchase of treasury shares | -6,061 | -1 |
Dividends paid | -1,490 | -2,096 |
Dividends paid to non-controlling interests | -183 | -219 |
Repayments of lease liabilities | -394 | -484 |
Net cash provided by (used in) financing activities | -8,449 | -3,833 |
Effect of exchange rate change on cash and cash equivalents | 797 | 822 |
Net increase (decrease) in cash and cash equivalents | -43 | -2,725 |
Cash and cash equivalents at beginning of period | 14,696 | 14,653 |
Cash and cash equivalents at end of period | 14,653 | 11,927 |