Trends of Financial Data

Consolidated Statements of Cash Flow

■Operating Activities

(¥ Million)

	'96/3	'97/3	'98/3	'99/3	'00/3	'01/3	'02/3	'03/3	'04/3	'05/3	'06/3	'07/3	'08/3
Income before income taxes and minority interests	-	-	119,486	93,340	114,902	147,058	68,128	90,476	101,070	70,841	73,857	77,874	57,966
Adjustments for :
Depreciation and amortization	-	-	35,088	41,242	38,759	53,081	52,376	52,424	45,868	47,442	57,032	61,141	55,604
Amortization of goodwill	-	-	-	-	(679)	(83)	(83)	(260)	16	668	(40)	-	-
Interest and dividends income	-	-	(4,713)	(5,109)	(4,797)	(5,320)	(3,596)	(2,786)	(2,370)	(3,318)	(6,283)	(10,414)	(11,808)
Foreign currency exchange losses (gains)	-	-	2,449	2,148	2,393	(1,999)	(4,066)	4,983	2,015	(1,320)	(8,996)	(1,966)	12,086
Increase (decrease) in net liability for retirement benefits	-	-	-	-	2,276	(1,252)	493	1,529	(8,977)	(6,003)	(106)	(598)	(29)
Write-down of investment securities	-	-	859	1,134	(478)	1,396	1,991	803	9	283	8	32	2,997
Decrease (increase) in notes and accounts receivables-trade	-	-	(3,642)	710	(20,910)	(270)	15,203	(901)	(10,822)	716	(5,421)	562	18,132
Decrease (increase) in inventories	-	-	(9,888)	5	(10,896)	(10,466)	19,427	(7,654)	(12,142)	(5,252)	(14,274)	4,724	3,865
Increase (decrease) in notes and accounts payables-trade	-	-	6,764	(2,732)	6,435	(1,549)	(5,470)	569	6,604	(1,630)	5,072	(5,237)	(5,505)
Other	-	-	(4,930)	6,544	5,867	4,572	1,001	(421)	4,439	5,039	4,494	(6,601)	10,071
Subtotal	-	-	141,473	137,282	135,016	185,167	145,407	138,762	123,873	107,465	105,342	119,516	143,380
Interest and dividends-received	-	-	4,765	5,113	4,910	5,546	3,752	3,036	2,569	3,510	6,652	10,516	12,185
Interest-paid	-	-	(656)	(337)	(82)	(6)	(3)	(1)	-	1,383	-	-	-
Income taxes refunded (-paid)	-	-	(46,876)	(55,823)	(36,021)	(58,034)	(64,430)	(866)	(48,077)	(20,440)	(17,447)	(26,103)	(19,374)
Net cash provided by operating activities	-	-	98,706	86,235	103,823	132,672	84,725	140,931	78,365	91,919	94,548	103,929	136,191

■Investing Activities

(¥ Million)

	'96/3	'97/3	'98/3	'99/3	'00/3	'01/3	'02/3	'03/3	'04/3	'05/3	'06/3	'07/3/th>	'08/3
Decrease (increase) in time deposits	-	-	-	-	20,481	(6,275)	6,931	11,186	(4,782)	15,909	(27,564)	8,385	2,707
Purchase of securities and investment securities	-	-	-	-	-	(47,011)	(30,838)	(46,294)	(62,585)	(56,497)	(36,093)	(40,169)	(48,755)
Proceeds from sales and repayments of securities and investment securities	-	-	-	-	-	41,570	36,763	31,444	39,270	31,932	44,123	40,054	65,455
Purchases of property, plant and equipment	-	-	(47,883)	(55,597)	(55,010)	(91,907)	(79,440)	(35,827)	(45,221)	(78,753)	(76,067)	(68,985)	(51,076)
Proceeds from sales of property, plant and equipment	-	-	-	-	-	-	-	-	-	-	-	11,289	253
Other	-	-	11,569	(2,149)	(13,013)	124	(1,118)	1,110	1,180	(19)	269	(716)	(1,920)
Net cash used in investing activities	-	-	(36,314)	(57,746)	(47,542)	(103,498)	(67,702)	(38,381)	(72,136)	(87,429)	(95,332)	(50,142)	(33,337)

■Financing Activities

(¥ Million)

	'96/3	'97/3	'98/3	'99/3	'00/3	'01/3	'02/3	'03/3	'04/3	'05/3	'06/3	'07/3	'08/3
Purchases of tresury stock	-	-	-	-	-	-	-	-	(57)	(19,940)	(15,128)	(17,031)	(39,552)
Dividends paid	-	-	(2,207)	(2,230)	(2,237)	(2,246)	(2,254)	(2,255)	(2,969)	(10,096)	(10,181)	(10,334)	(13,563)
Other	-	-	(19,330)	(3,865)	(1,408)	(15)	52	(289)	(1)	(1)	(1)	(1)	(1)
Net cash used in financing activities	-	-	(21,537)	(6,095)	(3,645)	(2,262)	(2,202)	(2,544)	(3,028)	(30,037)	(25,310)	(27,367)	(53,118)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	(913)	(6,655)	(7,423)	7,601	5,972	(7,795)	(15,171)	3,944	17,585	5,293	(36,199)
Net increase (Decrease) in Cash and Cash Equivalents	-	-	39,942	15,739	45,212	34,513	20,793	92,209	(11,971)	(21,603)	(8,509)	31,713	13,536
Cash and Cash Equivalents at Beginning of year	-	-	74,140	114,082	129,821	175,033	209,546	230,340	322,549	310,578	288,974	280,465	312,178
Cash and Cash Equivalents at End of Year	-	-	114,082	129,821	175,033	209,546	230,340	322,549	310,578	288,974	280,465	312,178	325,715

There is no data of consolidated statement of cash flow before '97/3.