| Years Ended March 31, 2004, 2003 and 2002 |
| |
Millions of Yen
|
Thousands
U.S. Dollars |
| |
2004 |
2003 |
2002 |
2004 |
| I. Cash Flows From Operating Activities: |
|
|
|
|
| Income before taxes |
¥1,748 |
¥1,367 |
¥ 969 |
$16,542 |
| Depreciation and amortization |
384 |
318 |
278 |
3,638 |
| Interest and dividend income |
(25) |
(20) |
(15) |
(232) |
| Interest expense |
41 |
41 |
44 |
383 |
| Loss on disposal of property, plant and equipment |
8 |
6 |
36 |
73 |
| Decrease (increase) in accounts receivable-trade |
(149) |
(45) |
12 |
(1,405) |
| Increase (decrease) in accounts payable-trade |
302 |
472 |
148 |
2,854 |
| Decrease (increase) in inventories |
(30) |
(21) |
(4) |
(284) |
| Other, net |
382 |
87 |
117 |
3,608 |
| Sub-total |
2,661 |
2,205 |
1,585 |
25,177 |
| Interest and dividend income recieved |
1 |
0 |
2 |
9 |
| Interest paid |
(40) |
(40) |
(44) |
(377) |
| Payments of income taxes |
(838) |
(553) |
(372) |
(7,931) |
| Net cash provided by operating activities: |
1,784 |
1,612 |
1,171 |
16,878 |
| |
|
|
|
|
| II. Cash Flows From Investing Activities: |
|
|
|
|
| Payments for deposit |
(254) |
(272) |
(252) |
(2,403) |
| Proceeds from repayment of deposit |
259 |
252 |
252 |
2,451 |
| Payments for purchase of property, plant and equipment |
(1,499) |
(2,073) |
(477) |
(14,179) |
| Proceeds from sales of property, plant and equipment |
77 |
2 |
9 |
731 |
| Payments for purchase of intangible fixed assets |
(12) |
(17) |
(12) |
(114) |
| Payments for purchase of investment in securities |
(23) |
(122) |
- |
(218) |
| Proceeds from sales of investment in securities |
27 |
- |
1 |
259 |
| Payments for guarantee deposits for rental facilities |
(1,093) |
(565) |
(539) |
(10,341) |
| Proceeds from guarantee deposits for rental facilities |
259 |
188 |
190 |
2,450 |
| Other, net |
(165) |
(42) |
(40) |
(1,571) |
| Net cash used in investing activities |
(2,424) |
(2,649) |
(868) |
(22,935) |
| |
|
|
|
|
| III. Cash Flows From Financing Activities |
|
|
|
|
| Increase (decrease) in short-term debt |
- |
- |
(150) |
‐ |
| Proceeds from long-term debt |
800 |
800 |
500 |
7,569 |
| Repayment of long-term debt |
(688) |
(557) |
(514) |
(6,509) |
| Proceeds from issuarance of common stock |
1,720 |
1,448 |
158 |
16,280 |
| Purchase of treasury stock |
(12) |
(14) |
(48) |
(118) |
| Proceeds from treasury stock |
1 |
101 |
13 |
12 |
| Cash dividends paid |
(251) |
(137) |
(77) |
(2,386) |
| Net Cash provided by (used in) financing activities |
1,570 |
1,641 |
(118) |
14,848 |
| |
|
|
|
|
| IV. Net (decrease) increase in cash and cash equivalents |
930 |
604 |
185 |
8,791 |
| |
|
|
|
|
| V. Cash and cash equivalents at beginning of year |
1,098 |
494 |
309 |
10,394 |
| |
|
|
|
|
| VI. Cash and cash equivalents at end of year |
¥2,028 |
¥1,098 |
¥494 |
$19,185 |
|
|
|
