Cash Flow

Latest Update : Jun.9, 2017

* MinebeaMitsumi has adopted Japanese GAAP.

(Millions of yen)
  FY3/2013FY3/2014FY3/2015FY3/2016FY3/2017 *1
Income before income taxes and minority interests 4,88226,81151,77346,96348,473
Depreciation and amortization 20,80023,74028,77534,78728,164
Impairment loss 2,9001,107109213,921
Amortization of goodwill 1,7699175829691,099
Business restructuring losses -53200--
Loss on disaster --5137-
Settlement loss of retirement benefit plan *2 1,641 - 3,115 1,465 -
Loss related to Anti-Monopoly act - - 2,137 17 -
Insurance income -2,572-328-50-3,337-
Government subsidy - - - -973 -
Equity in net (income) loss of affiliate 1777-152150
Interest and dividends income -588-747-778-707-665
Interest expenses 2,6512,1381,5041,168878
Settlement loss ----1,096
Loss on bonds redemption ----6,196
Gain on bargain purchase -----14,619
(Gain) loss on sales of fixed assets -4,5485-73-18-44
Loss on disposal of fixed assets 150 149 465 118 1,926
Loss on reduction of fixed assets - - - 928 -
(Gain) loss on sales of investments in securities --53---
Loss (gain) on liquidation of affiliates ----831,270
Loss (gain) on sales of affiliates *3 --1,2301,097--273
(Increase) decrease in notes and accounts receivable 4,692-8,038-24,32211,176-15,179
(Increase) decrease in inventories 78-1,139-18,430-21,11925,847
Increase (decrease) in notes and accounts payable -6,4999,42423,978-19,0196,478
Increase (decrease) in allowance for doubtful receivables 436310-704657
Increase (decrease) in accrued bonuses 1677439173441,064
Increase (decrease) in accrued bonuses to directors *4 -231937-21-
Increase (decrease) in net defined benefit liability -5,942-851-299-721
Increase (decrease) in allowance for retirement benefits 349-6,942---
(Increase) decrease in prepaid pension cost 1251,013---
Increase (decrease) in provision for environmental remediation expenses *5 73-129-298-24-184
Increase (decrease) in provision for retirement benefits for executive officers *6 33-13164-11
Increase (decrease) in provision for after-care of products *7 -16-345-43-267
Increase (decrease) in provision for business restructuring losses *8 342-221247-360-119
Others -5,444-1,902-2,0797,44690
Sub-total 21,40552,30368,38058,85795,131
Proceeds from insurance income 7,390413-2,904-
Interest and dividends received 572724755684699
Interest paid -2,594-2,122-1,498-1,158-921
Payments related to Anti-Monopoly Act - - - -2,164 -
Income taxes paid -3,871-2,758-7,801-15,764-12,487
Proceeds from income taxes refund 8861227223703
Cash flow from operating activities 22,99049,17359,86443,58283,125
Payments into time deposits -7,700-15,637-10,227-16,418-19,297
Proceeds from withdrawal of time deposits 7,88812,73711,69014,01915,951
Purchase of securities -543 -458 -100 - -13,896
Proceeds from sales of securities 609 282 204 34 29
Purchase of tangible fixed assets -42,962-18,342-34,979-40,136-29,216
Proceeds from sales of tangible fixed assets 5,8459525996642,420
Purchase of intangible assets *9 -893-860-2,577-2,243-2,063
Purchase of investments securities *10 -205-603-453-1,650-1,997
Proceeds from sales of investments securities *11 154161683811
Proceeds from redemption of investment securities --1,1011,4381,473
Purchase of investments in subsidiaries -150--400--
Proceeds from sales of affiliates *12 --1,314-1,249
Purchase of shares of subsidiaries and affiliates --615-392--
Expenditure due to the acquisition of subsidiary shares that accompanies change in the scope of consolidation --1,888-2,219-257-1,032
Proceeds from purchase of investments in subsidiaries resulting in change in scope of consolidation 355 - 49 - -
Proceeds from sales of investments in shares of subsidiaries resulting in change in scope of consolidation - - 1,261 - -
Long-term loans receivables -29-328-125-216-296
Recovery of long-term loans receivables 4893197115122
Others -231-450-340-30-257
Cash flow from investing activities -37,813-24,957-35,326-44,642-46,800
Net increase (decrease) in short-term debt *13 6,887-17,568-7,84322,109-39,470
Proceeds from long-term debt *14 30,67015,0007,850-39,005
Repayment of long-term debt *15 -15,521-19,654-15,764-20,897-13,481
Proceeds from issuance of bonds ----14,680
Payment for redemption of bonds -----10,000
Payment for redemption of bonds with subscription rights to shares --256---
Purchase of treasury stock -2,155-262-21-8-14
Proceeds from disposal of treasury stock 381392474700937
Cash dividends paid *16 -2,633-2,613-4,109-5,983-6,368
Proceeds from stock issuance to non-controlling interests *17 76 - - - -
Cash dividends paid to non-controlling interests -----62
Payments from changes in ownership interest in subsidiaries that do not result in change in scope of consolidation -----2,486
Repayment of lease obligations -295-269-211-119-78
Others - 0 0 - 0
Cash flow from financing activities 17,409-25,233-19,627-4,200-17,339
Effect of exchange rate changes on cash and cash equivalents 2,1572,1232,196-1,735-1,765
Net increase (decrease) in cash and cash equivalents 4,7441,1067,106-6,99617,218
Cash and cash equivalents at beginning of year 23,36528,22329,03136,13729,141
Increase (decrease) in cash and cash equivalents resulting from change of scope of consolidation - -298 - - -
Increase in cash and cash equivalents from newly consolidated subsidiaries 112 - - - -
Increase in cash and cash equivalents from newly consolidated subsidiary - - - - 32,472
Cash and cash equivalents at end of year 28,22329,03136,13729,14178,832
  • *1 We have started to consollidate MITSUMI ELECTRIC from January 27, 2017.
  • *2 Before FY 3/2017, "Loss on abolishment of retirement benefit plan".
  • *3 Before FY 3/2017, "Loss (gain) on sales of stocks of subsidiaries and affiliates".
  • *4 Before FY 3/2017, "Increase (decrease) in allowance for bonuses to directors".
  • *5 Before FY 3/2017, "Increase (decrease) in allowance for environmental remediation expenses".
  • *6 Before FY 3/2017, "Increase (decrease) in allowance for retirement benefits to executive officers".
  • *7 Before FY 3/2017, "Increase (decrease) in allowance for after-care of products".
  • *8 Before FY 3/2017, "Increase (decrease) in allowance for business restructuring losses".
  • *9 Before FY 3/2017, "Purchase of intangible fixed assets".
  • *10 Before FY 3/2017, "Purchase of investments in securities".
  • *11 Before FY 3/2017, "Proceeds from sales of investments in securities".
  • *12 Before FY 3/2017, "Proceeds from sales of shares in subsidiaries and affiliates".
  • *13 Before FY 3/2017, "Net increase (decrease) in short-term loans payable".
  • *14 Before FY 3/2017, "Proceeds from long-term loans".
  • *15 Before FY 3/2017, "Repayment of long-term loans".
  • *16 Before FY 3/2016, "Cash dividends paid to minority shareholders".
  • *17 Before FY 3/2016, "Proceeds from stock issuance to minority shareholders ".
  • * There are some data without continuity due to changes in accounting standards of consolidated financial statements.

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