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Consolidated Statements of Cash Flows

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(Millions of yen)
  FY2016
(2016/3)
FY2017
(2017/3)
FY2018
(2018/3)
FY2019
(2019/3)
FY2020
(2020/3)
FY2021
(2021/3)
Cash flows from operating activities 124,838 115,633 135,821 126,035 123,086 △32,501
Cash flows from investing activities △78,843 △84,845 △88,351 △116,160 △128,498 △102,151
Purchases of property and equipment △92,686 △92,767 △102,863 △137,809 △96,028 △136,958
Proceeds from sale of property and equipment 5,064 2,186 2,010 16,310 884 19,911
Purchases of investment securities △14,228 △11,527 △7,807 △11,744 △27,660 △14,137
Proceeds from sale of investment securities 618 1,611 - - - -
Long-term loans advanced - - - △430 △23,767 △744
Receipt of contributions for construction works 20,623 13,973 21,222 18,252 19,631 29,249
Cash flows from financing activities △47,278 △30,595 △43,242 △11,171 964 134,631
Net increase (decrease) in short-term borrowings △21,628 △546 △33,954 1,949 21,039 △17,446
Net increase (decrease) in commercial paper - - - - - 30,000
Proceeds from long-term borrowings 65,830 65,190 56,140 30,450 28,330 103,350
Repayment of long-term debt △76,570 △68,576 △43,293 △41,278 △34,365 △34,696
Proceeds from new bonds issued - 19,858 - 19,866 29,766 99,474
Redemption of bonds - △30,000 △10,000 - △20,000 △25,000
Purchase of treasury stock △3,779 △5,271 △10,689 △10,199 △9,960 △4,660
Dividends paid △8,227 △8,803 △9,360 △9,896 △11,020 △12,188
Dividends paid to non-controlling interests △331 △406 △363 △378 △526 △724
Proceeds from non-controlling interests - - 10,115 18 - -
Effect of exchange rate changes on cash and cash equivalents △694 △673 360 △551 △7 △354
Increase (decrease) in cash and cash equivalents △1,978 △480 4,588 △1,868 △4,454 △375
Cash and cash equivalents at beginning of year 23,497 22,363 22,530 27,501 27,589 23,526
Increase in cash and cash equivalents from newly consolidated subsidiaries 844 648 383 1,935 391 2,072
Cash and cash equivalents at end of year 22,363 22,530 27,501 27,589 23,526 25,222
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(Free Cash Flow)
45,995 30,788 47,470 9,875 △5,412 △134,652

Fact Book

As a Corporate Group, We Strive to Provide Enriched Lifestyles
by Supporting and Improving the Daily Lives of Our Customers

  • Hankyu Corporation
  • Hanshin Electric Railway
  • Hanshin Electric Railway
  • Hankyu Travel International
  • HANKYU HANSHIN EXPRESS
  • Hankyu Hanshin Hotels