Consolidated Cash Flows | IKO NIPPON THOMPSON

(Millions of yen)

	ＦＹ2021	ＦＹ2022	ＦＹ2023	ＦＹ2024	ＦＹ2025	ＦＹ2026 1Q
Income (loss) before income taxes	125	5,987	10,489	5,032	1,938	779
Depreciation	3,833	3,885	3,423	3,325	3,240	772
Decrease (increase) in notes and trade receivables	-1,605	-3,105	78	4,255	-568	-1,154
Decrease (increase) in inventories	2,637	-1,021	-3,596	-1,728	3,142	1,443
Others	667	4,519	-3,996	-13,374	-1,303	1,269
Operating activities	5,658	10,265	6,398	-2,488	6,449	3,109
Payments for purchase of property, plant and equipment	-2,950	-1,797	-2,187	-4,305	-3,180	-702
Others	-57	-303	-514	-999	-255	-257
Investing activities	-3,007	-2,100	-2,702	-5,304	-3,435	-960
Net increase (decrease) in bank loans	843	-466	-2,079	10,715	2,385	-1,642
Proceeds from issuance of bonds	-	5,000	-	-	5,000	-
Redemption of bonds	-	-10,000	-	-	-5,000	-
Cash dividends paid and others	-1,256	-975	-1,271	-3,149	-1,473	-660
Financing activities	-412	-6,442	-3,351	7,566	912	-2,302
Foreign currency translation adjustments on cash and cash equivalents	261	777	401	613	-229	-204
Net increase (decrease) in cash and cash equivalents	2,498	2,500	746	387	3,697	-357
Cash and cash equivalents at beginning of year	12,847	15,346	17,847	18,593	18,980	22,678
Cash and cash equivalents at end of year	15,346	17,847	18,593	18,980	22,678	22,320

The Company changed its accounting policy beginning with the first quarter of the fiscal year ending March 31, 2026. The figures for the fiscal year ended March 31, 2025 are stated after adjustment is applied retroactively for the change.