ANNUAL REPORT

FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED MARCH 31, 2009
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FISCAL YEARS ENDED MARCH 31
(in JPY millions) Note 2009 2008
Continuing operations
Operating activities
Loss from continuing operations (143,263) (60,074)
Adjustments for:
Depreciation 15 27,560 29,275
Amortization of intangible assets 16 6,718 8,136
Impairment losses on intangible assets 12 and 16 95,290 28,449
Impairment losses on property, plant and equipment 12 and 15 27,969 -
Gain on sale of available for sale financial assets (3,301) -
Net financial expense 13 21,082 20,463
Share of profit (loss) of equity accounted investees 17 10,605 (858)
Loss on sale of property, plant and equipment 1,354 1,580
Sale of discontinued operations - 1,837
Equity-settled share-based payment transactions 27 1,109 841
Income tax benefit 14 (6,232) (213)
Debt extinguishments 25 (39,759) -
Others 2,753 1,100
Operating profit before changes in working capital 1,885 30,536
Change in inventories 8,588 (1,132)
Change in trade and other receivables 29,354 9,221
Change in trade and other payables (33,855) (1,971)
Change in employee benefits (1,417) (3,999)
Other changes in working capital (3,730) 1,845
Cash generated from the operations 825 34,500
Interest paid (9,755) (16,354)
Income tax benefit (3,283) (4,571)
Net cash from (used in) operating activities (12,213) 13,575
Investing activities
Proceeds from sale of property, plant and equipment 728 1,060
Proceeds from sale of subsidiary, net of cash disposed 7 23,115 132
Proceeds from sale of investments 18 9,030 -
Acquisition of property, plant and equipment 15 (22,323) (26,695)
Acquisition of intangibles 16 (1,290) (291)
Acquisition of investments (3,153) (2,208)
Acquisition of subsidiary, net of cash acquired (36) (14,481)
Dividends received 916 434
Others 443 5
Net cash from (used in) investing activities 7,430 (42,044)
Financing activities
Repayments of bonds (6,472) (759)
Proceeds from (repayments of) borrowings 25 15,419 (269)
Payment of finance lease liabilities 25 (1,489) (1,036)
Payment of transaction costs (32) (2,648)
Payment of dividends (8) (36)
Repurchase of treasury shares 23 (536) (2,332)
Others 804 1,926
Net cash from (used in) financing activities 7,686 (5,154)
Net increase (decrease) in cash and cash equivalents 2,903 (33,623)
Cash and cash equivalents at April 1 72,458 106,570
Effect of exchange rate fluctuations on cash held (3,026) (489)
Cash and cash equivalents at March 31 72,335 72,458
Discontinued operations 7
Net cash from (used in) operating activities (6,037) 2,671
Net cash used in investing activities (1,058) (10,922)
Net cash from financing activities 7,288 5,200
Net increase (decrease) in cash and cash equivalents 193 (3,051)
Cash and cash equivalents at April 1 (181) 2,981
Effect of exchange rate fluctuations on cash held (12) (111)
Cash and cash equivalents at March 31 - (181)
TOTAL
Net increase (decrease) in cash and cash equivalents 3,096 (36,674)
Cash and cash equivalents at April 1 72,277 109,551
Effect of exchange rate fluctuations on cash held (3,038) (600)
Cash and cash equivalents at March 31 22 72,335 72,277
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