Annual Report 2008

ANNUAL REPORT 2008Thousands ofU.S. dollarsMillions of yen (Note 1)(Continued from previous page) 2008 2007 2006 2008Cash flows from investing activities:Decrease in time deposits with maturities over three months .................. (1,635) 27 101 (16,317)Acquisition of property, plant and equipment ......................................... (45,598) (31,651) (34,657) (455,070)Proceeds from sales of property, plant, and equipment .......................... 469 2,301 2,232 4,680Acquisition of intangible assets ............................................................... (5,238) (3,625) (4,602) (52,275)Proceeds from sales of intangible assets ................................................. 55 176 38 549Acquisition of investments in securities ................................................... (1,183) (10,089) (5,765) (11,806)Proceeds from sale of investments in securities ....................................... 5,731 1,589 6,871 57,195Decrease (increase) in short-term loans receivable ................................... (278) 254 (429) (2,774)Additions to long-term loans receivable .................................................. (990) (88) (895) (9,880)Proceeds from collection of long-term loans receivable ........................... 94 18 428 938Other ..................................................................................................... (517) (2,224) 168 (5,160)Net cash used for investing activities ....................................................... (49,090) (43,312) (36,510) (489,920)Cash flows from financing activities:Increase (decrease) in short-term borrowings .......................................... 13,099 (9,958) 7,391 130,729Proceeds from long-term debt ................................................................ 3,328 62,061 24,657 33,214Repayment of long-term debt ................................................................ (34,817) (48,586) (44,987) (347,475)Acquisition of treasury stock ................................................................... (479) (68) (51) (4,780)Cash dividends paid ............................................................................... (8,262) (4,577) (3,622) (82,456)Cash dividends paid to minority interests ................................................ (261) (179) (109) (2,605)Net cash used for financing activities ...................................................... (27,392) (1,307) (16,721) (273,373)Effect of exchange rate changes ..................................................................... (501) 482 703 (5,000)Net increase (decrease) in cash and cash equivalents ...................................... (1,217) 1,722 (6,767) (12,145)Cash and cash equivalents at beginning of year .............................................. 39,228 37,506 44,385 391,496Increase in cash and cash equivalents due to changesin fiscal period of consolidated subsidiaries ................................................... 158 — — 1,577Decrease in cash and cash equivalents arising fromexclusion of consolidated subsidiaries ........................................................... — — (112) —Cash and cash equivalents at end of year ....................................................... ¥38,169 ¥39,228 ¥37,506 $380,928Supplemental information on cash flows:Cash and cash equivalents:Cash on hand and in banks in the balance sheets ............................... ¥39,875 ¥39,351 ¥37,650 $397,954Time deposits with maturities over three months ................................ (1,706) (123) (144) (17,026)Total .............................................................................................. ¥38,169 ¥39,228 ¥37,506 $380,928The accompanying notes to the consolidated financial statements are an integral part of these statements.See Note 14 for significant non-cash transactions.39