プロトコーポレーション（4298） – Consolidated Financial Results for the Year Ended March 31, 2022 [Japanese GAAP]

Note:ThisdocumentisatranslationofapartoftheoriginalJapaneseversionandprovidedforreferencepurposesonly.IntheeventofanydiscrepancybetweentheJapaneseoriginalandthisEnglishtranslation,theJapaneseoriginalshallprevail.Consolidated Financial Resultsfor the Year Ended March 31, 2022[Japanese GAAP]May 13, 2022Company name: PROTO CORPORATIONStock exchange listing: Tokyo,NagoyaCode number: 4298URL: https://www.proto-g.co.jp/Representative: Kenji KamiyaContact: Takehito SuzukiPhone: +81-52-934-2000Scheduled date of Annual General Meeting of Shareholders: June 29, 2022Scheduled date of commencing dividend payments: June 08, 2022Scheduled date of filing annual securities report: June 30, 2022Availability of supplementary briefing material on annual financial results: YesSchedule of annual financial results briefing session: YesPresidentExecutive officer1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)(Amounts of less than one million yen are rounded down)Fiscal year endedMarch 31, 2022March 31, 2021(Note) Comprehensive income:Net salesOperating profitOrdinary profitMillion yen57,44655,787Million yen%6,4223.05,941-Fiscal year ended March 31, 2022:Fiscal year ended March 31, 2021:%8.115.7¥¥Million yen6,6226,118%8.214.35,619 million5,055 millionProfit attributable toowners of parentMillion yen5,8804,85311.2%]3.0%]%21.2(2.8)[[Basic earnings pershareDiluted earnings pershareRate of return onequityOrdinary profit tototal assets ratioOperating profit tonet sales ratioYen–Yen146.34120.86Fiscal year endedMarch 31, 2022March 31, 2021(Reference) Equity in earnings (losses) of affiliated companies:%11.210.70 million- million(Note) The Company has adopted the “accounting standard regarding revenue recognition” (Corporate Accounting Standards No. 29,March 31, 2020), etc. from the beginning of the current first quarter consolidated accounting period. The figures for the fiscal yearended March 31, 2021 are after the retroactive application of the said accounting standard. As a result, the rate of increase or decreasein the fiscal year ended March 31, 2021 compared to the same period of the previous fiscal year is not stated.(2) Consolidated Financial PositionFiscal year ended March 31, 2022:Fiscal year ended March 31, 2021:%12.713.0¥¥%15.414.3Total assetsNet assetsCapital adequacy ratioNet assets per shareAs ofMarch 31, 2022March 31, 2021(Reference) Equity: As of March 31, 2022:As of March 31, 2021:Million yen54,52549,388(3) Consolidated Cash FlowsMillion yen40,39735,934¥¥40,361 million35,901 million%74.072.7Yen1,004.13893.97Fiscal year endedMarch 31, 2022March 31, 2021Cash flows fromoperating activitiesCash flows frominvesting activitiesCash flows fromfinancing activitiesCash and cashequivalents at the endof periodMillion yen4,5336,574Million yen1,458(898)Million yen(1,547)(1,530)Million yen25,93921,485　2. DividendsFiscal year endedMarch 31, 2021March 31, 2022Fiscal year endingMarch 31, 2023(Forecast)Annual dividends1stquarter-endYen2ndquarter-endYen3rdquarter-endYenYear-endTotalTotaldividendsPayoutratio(consolidated)Dividendsto netassets(consolidated)—12.5017.5017.50—YenYenMillion yen12.5017.5025.0035.001,0031,40617.5035.00%20.723.931.6%3.03.7(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2022 :Commemorative dividendSpecial dividend- yen- yen3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)Net salesOperating profitMillion yen% Million yen(% indicates changes from the previous corresponding period.)Basic earnings perProfit attributableto owners of parentshare%Ordinary profit% Million yenYen% Million yen40,58685,68154.349.12,8876,500(6.4)1.22,9516,650(8.6)0.41,946(46.3)4,450(24.3)48.41110.71Six months endedSeptember 30, 2022Full year* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): YesNewExclusion:11(Company name: PROTO Ventures 2 Investment Limited Partnership(Company name: PROTO MEDICAL CARE))(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement1) Changes in accounting policies due to the revision of accounting standards: Yes2) Changes in accounting policies other than 1) above: No3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)1) Total number of issued shares at the end of the period (including treasury shares):March 31, 2022:March 31, 2021:March 31, 2022:March 31, 2021:41,925,300 shares41,925,300 shares1,729,997 shares1,766,217 shares2) Total number of treasury shares at the end of the period:3) Average number of shares during the period:Fiscal Year ended March 31, 2022:Fiscal Year ended March 31, 2021:40,181,360 shares40,159,300 shares　(Reference) Summary of Non-consolidated Financial Results1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)Net salesOperating profitOrdinary profitNet incomeFiscal year endedMarch 31, 2022March 31, 2021Million yen28,91027,266%6.0-Million yen5,6814,839%17.415.1Million yen5,6834,885%16.314.9Million yen6,4124,164%54.06.3Basic earnings per share Diluted earnings per shareFiscal year endedMarch 31, 2022March 31, 2021(Note) The Company has adopted the “accounting standard regarding revenue recognition” (Corporate Accounting Standards No. 29,March 31, 2020), etc. from the beginning of the current first quarter consolidated accounting period. The figures for the fiscal yearended March 31, 2021 are after the retroactive application of the said accounting standard. As a result, the rate of increase or decreasein the fiscal year ended March 31, 2021 compared to the same period of the previous fiscal year is not stated.Yen159.60103.70Yen–(2) Non-consolidated Financial PositionTotal assetsNet assetsCapital adequacy ratioNet assets per shareAs ofMarch 31, 2022March 31, 2021(Reference) Equity: As of March 31, 2022:As of March 31, 2021:Million yen42,43336,698Million yen37,17531,850¥¥37,175 million31,850 million%87.686.8Yen924.88793.10***** FFFFFiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuullllltttttsssss rrrrreeeeepppppooooorrrrrtttttsssss aaaaarrrrreeeee eeeeexxxxxeeeeemmmmmpppppttttt fffffrrrrrooooommmmm aaaaauuuuudddddiiiiittttt cccccooooonnnnnddddduuuuucccccttttteeeeeddddd bbbbbyyyyy ccccceeeeerrrrrtttttiiiiifffffiiiiieeeeeddddd pppppuuuuubbbbbllllliiiiiccccc aaaaaccccccccccooooouuuuunnnnntttttaaaaannnnntttttsssss ooooorrrrr aaaaannnnn aaaaauuuuudddddiiiiittttt cccccooooorrrrrpppppooooorrrrraaaaatttttiiiiiooooonnnnnsssss…..***** EEEEExxxxxppppplllllaaaaannnnnaaaaatttttiiiiiooooonnnnn fffffooooorrrrr aaaaapppppppppprrrrroooooppppprrrrriiiiiaaaaattttteeeee uuuuussssseeeee ooooofffff fffffooooorrrrreeeeecccccaaaaassssstttttsssss aaaaannnnnddddd ooooottttthhhhheeeeerrrrr nnnnnooooottttteeeeesssss1. The forward-looking statements such as operational forecasts contained in this statements summary are based on theinformation currently available to the Company and certain assumptions which are regarded as legitimate. Actual results maydiffer significantly from these forecasts due to various factors.2. The company will have a financial results briefing for institutional investors and analysts on May 23, 2022. The document touse on the day for the financial briefing will be posted on the company website.　 1. Business Performance Overview (1) Business Performance Overview for the Current Term ① Business Performance Overview for the Current Term In the current consolidated fiscal year, the Japanese economy remained on a recovery trend, but the business environment remained harsh due to the COVID-19, so the future outlook is still uncertain. In this economic environment, the automobile sale industry, including major clients of the PROTO Group, saw the number of new cars sold dropping from the previous year, due to the shortage of semiconductors. The number of registered used cars, too, declined from the previous year, due to the decrease of new cars sold, despite the high demand for automobiles as a transportation means for avoiding the risk of infection with the novel coronavirus. In this situation, the PROTO Group has been offering private brand products and services to mainly used car dealers, maintenance shops, and new car dealers, in order to actualize comprehensive support for a life with cars by “establishing a service platform” set as a vision in the “mid-term management plan (FY 3/2020 to FY 3/2022),” which was formulated while considering diversifying needs from users and the future market environment. As a result, the sales in the current consolidated fiscal year reached 57,446 million yen, up 3.0% year on year. The primary reason for the sales growth is the healthy provision of services related to platforms, such as MOTOR GATE and DataLine. Operating income was 6,422 million yen, up 8.1% year on year, and ordinary income was 6,622 million yen, up 8.2% year on year, thanks to the above-mentioned sales growth, etc. Profit attributable to owners of parent was 5,880 million yen, up 21.2% year on year, due to the posting of gain on sale of shares of affiliates through the transfer of shares of PROTO MEDICAL CARE. ROE stood at 15.4%, while the target value in our mid-term management plan was 12.0%. The performance of each business segment is as described below. ② Overview of each segment Automobile-related information With the aim of establishing the largest service platform in this industry, we have strived to expand its share in each business field, maintain and increase the average spending per customer, and have strengthened services covering needs from users in their lives with cars. In the current consolidated fiscal year, we have continuously developed and provided DX products in order to meet diversifying needs from users. In the field of used cars, we have worked on the maximization of content volume of Goo-net, the improvement of convenience for users through the provision of MOTOR GATE, which is a background system of Goo-net and the enhancement of its functions, and the support for management of used car dealers. In the field of car maintenance, we have enriched the contents of Goo-net Pit and started offering MOTOR GATE PIT IN as a car entry management system, which would contribute to the DX of automobile maintenance shops, to increase the number of fee-paying maintenance shops listed in our media. In the field of new cars, we have promoted DataLine SalesGuide. We also strived to improve the value of services by offering DX products, such as “videos for proposing the change of cars in DataLine SalesGuide” and “DataLine AI Assessment.” Regarding the sale of tires, wheels, etc., we have continuously enhanced the sale of major brands and the combined sale of tires and wheels, and strived to expand sales opportunities by pursuing synergy with Goo-net, Goo-net Pit, MOTOR GATE Shopping, etc. In addition, we have engaged in activities for improving our business model, by cementing the alliances with major used car exporters, etc. As a result, sales were 53,159 million yen, up 7.6% year on year. The primary factor in the sales growth is the healthy performance of the business related to platforms, such as MOTOR GATE and DataLine. Operating income was 7,903 million yen, up 12.3% year on year, thanks to the above-mentioned growth the platform-related business and the improvement in profitability through the alliances between GOONET Exchange Co., Ltd. and major used car exporters. Lifestyle-related information On June 1, 2021, we transferred all shares of PROTO MEDICAL CARE, which was a consolidated subsidiary. As a result, sales were 856 million yen, down 78.1% year on year, and operating income was 60 million yen, down 78.0% year on year. As PROTO CORPORATION conducted the lease management for its real estate, net sales were 147 million yen, up 3.4% year on year, and operating income was 140 million yen, unchanged year on year. Real estate Others i. Assets ii. Liabilities iii. Net assets PROTO SOLUTION developed more software products and sold them to external customers, and Onion Inc., which was acquired as a subsidiary in October 2021, contributed to our performance. As a result, sales were 3,282 million yen, up 40.0% year on year, and operating income was 168 million yen, up 29.1% year on year. (2) Financial Standing Overview for Current Term Total assets at the end of the current consolidated fiscal year stood at 54,525 million yen, up 5,137 million yen from the end of the previous consolidated fiscal year. The situation of assets, liabilities, and net assets is as follows. Current assets stood at 37,635 million yen, up 6,011 million yen from the end of the previous consolidated fiscal year, due to the increases in cash & deposits and accounts receivable, etc. Fixed assets were 16,890 million yen, down 874 million yen from the end of the previous consolidated fiscal year, due to the decline in tangible fixed assets through depreciation and the decrease in goodwill caused by the exclusion of PROTO MEDICAL CARE from the scope of consolidation through the transfer of shares. Current liabilities stood at 13,035 million yen, up 909 million yen from the end of the previous consolidated fiscal year, due to the augmentation of accounts payable and short-term debt, etc. Fixed liabilities were 1,093 million yen, down 234 million yen from the end of the previous consolidated fiscal year, due to the repayment of long-term debt, etc. Net assets stood at 40,397 million yen, up 4,462 million yen from the end of the previous consolidated fiscal year, as 1,205 million yen was posted as dividends from surplus, 5,880 million yen was posted as profit attributable to owners of parent, and valuation difference on available-for-sale securities increased through fair value adjustments at the end of the term. (3) Consolidated Cash Flows i. Cash flow from operating activities The cash & cash equivalents at the end of the current consolidated fiscal year amounted to 25,939 million yen, up 4,454 million yen from the end of the previous consolidated fiscal year. The main factors in the increase in cash and cash equivalents are as follows. The cash flow from operating activities yielded 4,533 million yen, as net income before taxes and other adjustments was 9,163 million yen, although we paid 2,115 million yen as income taxes. ii. Cash flow from investment activities The cash flow from investment activities yielded 1,458 million yen, as we earned 2,854 million yen by selling the shares of our subsidiary, although we spent 1,133 million yen for acquiring tangible and intangible fixed assets. iii. Cash flow from financial activities The cash flow from financial activities stood at the expenditure of 1,547 million yen, as we spent 295 million yen for repaying long-term debt and 1,205 million yen for paying dividends. (Reference) Cash Flow Indicators Equity ratio (%) Equity ratio based on market value (%) Interest-bearing debts/ Operating cash flow (year) Year Ended March 31, 2018 Year Ended March 31, 2019 Year Ended March 31, 2020 Year Ended March 31, 2021 Year Ended March 31, 2022 58.5 75.2 2.1 63.8 91.4 1.9 71.3 77.0 0.6 72.7 95.2 0.5 74.0 76.2 0.7 Interest coverage ratio (times) 138.1 139.7 305.5 533.5 448.9 Equity ratio Equity ratio based on market value Interest-bearing debts/Operating cash flow Interest coverage ratio Notes: 1. Each index is calculated based on consolidated financial figures. 2. Market capitalization is calculated by multiplying the closing stock price at the end of the year by the number of shares outstanding : Equity capital/Total assets : Total stock based on market/Total assets : Interest-bearing debt/Cash flow : Operating cash flow/Interest paid at the end of the year (after deducting the number of treasury shares). 3. Cash flow and interest paid are calculated using the operating cash flow and interest payment amount recorded in the Consolidated Statement of Cash Flows. 4. Interest-bearing debts refer to all debts with interest (listed in the Consolidated Balance Sheet). (4) Future Forecast PROTO CORPORATION carries out business administration under the ethos: “to convert the information of today into the wisdom of tomorrow, and contribute to society with dreams, inspirations, and joy.” The company hopes to remain a corporate group demanded truly by society, by valuing the connections with all stakeholders related to the company, sharing dreams, and creating impressive content. In addition, for attaining the corporate goal “CHANGING COMPANY,” the company will try to “establish a brand” and strive to improve corporate value through mid/long-term growth by satisfying users and clients with useful information and services. Furthermore, we will strive to establish a transparent, sound management system for winning social trust, through the initiatives for tightening corporate governance. The PROTO Group produced a “mid-term management plan (FY 3/2023 to FY 3/2025),” while considering the diversifying needs and the changes in the market environment. Based on this mid-term management plan, we will develop and offer new products and services that would contribute to DX in the mobility field by utilizing data and AI technologies we possess. Furthermore, we will build a platform in the mobility field while further expanding our market shares in the fields of used cars, car maintenance, and new cars, and offer data-related services based on that platform. In addition, we will enhance our activities for establishing a new business domain by utilizing our know-how for our existing businesses, to grow our business further. The PROTO Group defined return on equity (ROE) as well as the growth potential of sales and operating income as important management indicators, as we aim to improve our corporate value sustainably, and set a goal of achieving sales of 125 billion yen, an operating income of 10 billion yen, and an ROE of 12.0% or higher in the term ending Mar. 2025 in the mid-term management plan. Regarding the consolidated earnings forecast for the next term ending Mar. 2023, it is projected that sales will be 85,681 million yen, operating income will be 6,500 million yen, ordinary income will be 6,650 million yen, and profit attributable to owners of parent will be 4,450 million yen. 2. Basic Principle of Selecting Accounting Standard The Group intends to develop consolidated financial statements based on the Japanese standard for the time being, in consideration for the financial statements’ comparability between periods and comparability between companies. Appropriate actions will be taken to apply IFRS in the future based on careful consideration of various domestic and international situations Consolidated Financial StatementsConsolidated Balance SheetsAssetsCurrent assetsCash and depositsNotes and accounts receivable – tradeNotes receivable – tradeAccounts receivable – tradeInventoriesOtherAllowance for doubtful accountsTotal current assetsNon-current assetsProperty, plant and equipmentBuildings and structures, netLandOther, netTotal property, plant and equipmentIntangible assetsGoodwillOtherTotal intangible assetsInvestments and other assetsInvestment securitiesDeferred tax assetsOtherAllowance for doubtful accountsTotal investments and other assetsTotal non-current assetsTotal assetsAs of March 31,2021As of March 31,2022(Million yen)21,7055,010–3,7031,211(6)31,6235,7564,57069211,0191,1241,0942,2182,1271,0561,359(17)4,52517,76449,38826,159-2495,3624,2081,662(7)37,6355,4334,58872310,7445471,4031,9502,3432631,647(58)4,19516,89054,525　LiabilitiesCurrent liabilitiesNotes and accounts payable – tradeShort-term borrowingsCurrent portion of long-term borrowingsAccrued expensesIncome taxes payableContract liabilitiesProvision for bonusesProvision for merchandise warrantiesProvision for point card certificatesProvision for loss on disasterOtherTotal current liabilitiesNon-current liabilitiesLong-term borrowingsProvision for retirement benefits for directors (andother officers)Retirement benefit liabilityAsset retirement obligationsOtherTotal non-current liabilitiesTotal liabilitiesNet assetsShareholders’ equityShare capitalCapital surplusRetained earningsTreasury sharesTotal shareholders’ equityAccumulated other comprehensive incomeValuation difference on available-for-salesecuritiesForeign currency translation adjustmentTotal accumulated other comprehensive incomeNon-controlling interestsTotal net assetsTotal liabilities and net assetsAs of March 31,2021As of March 31,2022(Million yen)2,2192,4002952,6081,253-1582532-3,13212,12638522583004071,32713,4531,8492,03632,447(1,306)35,0265433308743335,93449,3882,6662,5502242,3871,5943316518-413,35313,035230238912812511,09314,1281,8492,05837,121(1,279)39,75061006113540,39754,525　Consolidated Statements of Income and Comprehensive IncomeConsolidated Statements of IncomeFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Million yen)Net salesCost of salesGross profitReversal of provision for sales returnsProvision for sales returnsGross profit – netSelling, general and administrative expensesOperating profitNon-operating incomeInterest and dividend incomeShare of profit of entities accounted for using equitymethodForeign exchange gainsLoss on investments in investment partnershipsOtherTotal non-operating incomeNon-operating expensesInterest expensesLoss on valuation of derivativesOtherTotal non-operating expensesOrdinary profitExtraordinary incomeGain on sale of non-current assetsGain on sale of shares of subsidiaries and associatesGain on liquidation of subsidiariesLoss on sale and retirement of non-current assetsOtherTotal extraordinary incomeExtraordinary lossesImpairment lossesProvision for loss on disasterOtherTotal extraordinary lossesProfit before income taxesIncome taxes – currentIncome taxes – deferredTotal income taxesProfitProfit attributable to non-controlling interestsProfit attributable to owners of parent55,78730,95624,83010-24,84118,8995,9418-145992546,11812321615760–331237-3536,0682,072(860)1,2114,85734,85357,44632,81924,62724,62718,2056,422–7025059318102069181176,622182,14647612,64258-4111019,1632,5317493,2815,88225,880　Consolidated Statements of Comprehensive IncomeProfitOther comprehensive incomeValuation difference on available-for-sale securitiesForeign currency translation adjustmentTotal other comprehensive incomeComprehensive incomeComprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterestsFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Million yen)4,857344(146)1975,0555,05045,88266(330)(263)5,6195,6162　Consolidated Statements of Changes in Net AssetsFor the fiscal year ended March 31,2021Share capitalCapital surplusRetained earningsTreasury sharesShareholders’ equity(Million yen)Total shareholders’equity1,8492,03628,647(1,306)31,227(1,054)4,853(1,054)4,853-1,849-2,0363,79932,447-(1,306)3,79935,026Accumulated other comprehensive incomeForeign currencytranslationadjustmentTotal accumulatedother comprehensiveincomeValuation differenceon available-for-salesecuritiesNon-controllinginterestsTotal net assets1994776762831,932Balance at beginningof periodChanges duringperiodDividends ofsurplusProfit attributable toowners of parentPurchase of treasurysharesDisposal of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiodBalance at beginningof periodChanges duringperiodDividends ofsurplusProfit attributable toowners of parentPurchase of treasurysharesDisposal of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiod344344543(146)(146)3301971978744433—-(1,054)4,8532024,00135,934　For the fiscal year ended March 31,2022Share capitalCapital surplusRetained earningsTreasury sharesShareholders’ equity(Million yen)Total shareholders’equity1,8492,03632,447(1,306)35,026(1,205)5,8804,67437,121(0)2626(1,279)22222,058-1,849Accumulated other comprehensive incomeForeign currencytranslationadjustmentTotal accumulatedother comprehensiveincomeValuation differenceon available-for-salesecuritiesNon-controllinginterestsTotal net assets5433308743335,934Balance at beginningof periodChanges duringperiodDividends ofsurplusProfit attributable toowners of parentPurchase of treasurysharesDisposal of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiodBalance at beginningof periodChanges duringperiodDividends ofsurplusProfit attributable toowners of parentPurchase of treasurysharesDisposal of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiod6666610(330)(330)0(263)(263)6112235(1,205)5,880(0)494,72339,750(1,205)5,880(0)49(261)4,46240,397　Consolidated Statements of Cash FlowsCash flows from operating activitiesProfit before income taxesDepreciationImpairment lossesAmortization of goodwillIncrease (decrease) in contract liabilitiesIncrease (decrease) in allowance for doubtful accountsIncrease (decrease) in provision for sales returnsIncrease (decrease) in provision for bonusesIncrease (decrease) in provision for merchandisewarrantiesIncrease (decrease) in provision for point cardcertificatesIncrease (decrease) in provision for retirement benefitsfor directors (and other officers)Increase (decrease) in retirement benefit liabilityIncrease (decrease) in provision for loss on disasterInterest and dividend incomeInterest expensesForeign exchange losses (gains)Share of loss (profit) of entities accounted for usingequity methodLoss (gain) on investments in investment partnershipsLoss (gain) on valuation of derivativesLoss (gain) on sale and retirement of non-currentassetsLoss (gain) on sale of shares of subsidiaries andassociatesDecrease (increase) in trade receivablesDecrease (increase) in inventoriesIncrease (decrease) in trade payablesIncrease (decrease) in accrued expensesOther, netSubtotalInterest and dividends receivedInterest paidIncome taxes refund (paid)Net cash provided by (used in) operating activitiesFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Million yen)6,06889837422-10(10)(9)(55)724-(8)12(5)-321612-(128)2145022904708,7848(12)(2,205)6,5749,163877-360(6)142-24-121641(7)10(10)(0)206940(2,146)(652)(477)194(132)(789)6,6507(10)(2,115)4,533　Cash flows from investing activitiesProceeds from withdrawal of time depositsPurchase of property, plant and equipmentProceeds from sale of property, plant and equipmentPayments for retirement of property, plant andequipmentPurchase of intangible assetsPurchase of long-term prepaid expensesPurchase of investment securitiesPayments for investments in capitalProceeds from purchase of shares of subsidiariesresulting in change in scope of consolidationProceeds from sale of shares of subsidiaries resultingin change in scope of consolidationOther, netNet cash provided by (used in) investing activitiesCash flows from financing activitiesIncrease (decrease) in short-term borrowingsRepayments of long-term borrowingsPurchase of treasury sharesDividends paidRepayments of lease liabilitiesNet cash provided by (used in) financing activitiesEffect of exchange rate change on cash and cashequivalentsNet increase (decrease) in cash and cash equivalentsCash and cash equivalents at beginning of periodCash and cash equivalents at end of periodFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Million yen)500(189)(475)(30)(607)(120)23(898)0—-(388)-(1,053)(88)(1,530)14,14817,33621,485-(359)90(2)(774)(16)(119)(359)892,854561,45850(295)(0)(1,205)(96)(1,547)104,45421,48525,939