ALPS ALPINE CO., LTD.

CIK:0000900278|SEC Filings

Consolidated Statements of Profit or Loss - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Noncontrolling Interests Income Statement [abstract]
Revenue	¥ 850,475	¥ 857,532	¥ 751,563
Cost of goods sold	(689,094)	(669,514)	(600,073)
Gross profit	161,381	188,018	151,490
Selling, general and administrative expenses	(116,257)	(118,651)	(108,038)
Other operating income	1,739	1,642	1,906
Other operating expenses	(3,738)	(1,879)	(3,325)
Share of losses of associates and joint ventures accounted for using the equity method	(1,499)	(471)	(290)
Operating profit	41,626	68,659	41,743
Finance income	1,363	1,146	1,076
Finance costs	(3,429)	(4,235)	(1,334)
Profit for the year before income taxes	39,560	65,570	41,485
Income tax expenses	(7,351)	(20,217)	(9,918)
Net profit for the year	32,209	45,353	31,567
Net profit for the year attributable to:
Owners of the Company	24,383	38,352	27,458
Non-controlling interests	¥ 7,826	¥ 7,001	¥ 4,109
Earnings per share attributable to owners of the Company:
Basic (yen)	¥ 121.49	¥ 195.77	¥ 140.16
Diluted (yen)	¥ 121.43	¥ 195.69	¥ 140.12

Consolidated Statements of Cash Flows - JPY (¥) ¥ in Millions	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Profit for the year before income taxes	¥ 39,560	¥ 65,570	¥ 41,485
Adjustments for:
Depreciation and amortization	45,335	36,924	33,381
Impairment losses on property, plant and equipment	1,840	299	164
Interest and dividends income	(1,345)	(1,146)	(1,061)
Interest expense	1,328	805	557
Share of losses of associates and joint ventures accounted for using the equity method	1,499	471	290
Gain on sales of property, plant and equipment	(539)	(366)	(179)
Loss on sales and disposals of property, plant and equipment	600	881	1,113
Decrease (increase) in trade and other receivables	4,387	(10,051)	(28,424)
Increase in inventories	(1,748)	(4,739)	(4,201)
Increase (decrease) in trade and other payables	4,016	(1,145)	6,163
Non-cash changes in defined benefit liabilities	322	280	(2,744)
Increase (decrease) in other liabilities	(559)	2,860	1,243
Others	(5,374)	(5,853)	8,486
Cash provided by operating activities	89,322	84,790	56,273
Interest received	898	616	399
Dividend received	492	589	589
Interest paid	(1,273)	(774)	(509)
Income taxes paid	(16,138)	(14,176)	(15,153)
Net cash provided by operating activities	73,301	71,045	41,599
Cash flows from investing activities:
Acquisition of property, plant and equipment	(51,989)	(61,232)	(41,144)
Acquisition of intangible assets	(9,202)	(7,809)	(7,922)
Payments for other investments	(5,046)	(304)	(3,704)
Proceeds from sales of other financial assets	877	1	12,514
Others	(560)	839	1,189
Net cash used in investing activities	(65,920)	(68,505)	(39,067)
Cash flows from financing activities:
Repayment of long-term borrowings	(3,085)	(1,875)	(12,704)
Proceeds from long-term borrowings	46,053	10,698	8,350
Increase (decrease) in short-term borrowings, net	(4,200)	(2,704)	14,406
Purchase of treasury shares	(17,522)	(3)	(3)
Contribution to trust fund for purchase of treasury shares	(1,990)
Purchase of shares from non-controlling interests	(11,570)
Cash dividends paid	(8,816)	(6,269)	(5,877)
Cash dividends paid to non-controlling interests	(6,089)	(2,028)	(1,930)
Repayments of lease obligations	(644)	(713)	(1,135)
Others	(39)	16	(152)
Net cash provided by (used in) financing activities	(7,902)	(2,878)	955
Effect of exchange rate changes on cash and cash equivalents	(515)	2,090	(2,004)
Net increase (decrease) in cash and cash equivalents	(1,036)	1,752	1,483
Cash and cash equivalents at the beginning of the year	120,010	118,258	116,775
Cash and cash equivalents at the end of the year	¥ 118,974	¥ 120,010	¥ 118,258

Consolidated Statements of Financial Position - JPY (¥) ¥ in Millions	Mar. 31, 2019	Mar. 31, 2018
Current assets:
Cash and cash equivalents	¥ 118,974	¥ 120,010
Trade and other receivables	160,785	166,148
Inventories	98,801	98,039
Income taxes receivable	3,436	1,332
Other financial assets	4,139	1,973
Other current assets	15,305	12,328
Total current assets	401,440	399,830
Non-current assets:
Property, plant and equipment	189,667	187,703
Intangible assets	25,754	21,449
Associates and joint ventures accounted for using the equity method	4,451	4,803
Other financial assets	57,304	54,332
Deferred tax assets	26,100	25,876
Other non-current assets	6,612	7,194
Total non-current assets	309,888	301,357
Total assets	711,328	701,187
Current liabilities:
Trade and other payables	112,951	121,931
Borrowings	38,246	36,805
Other financial liabilities	2,104	2,576
Provisions	9,161	7,360
Income taxes payable	4,637	7,681
Other current liabilities	29,232	29,433
Total current liabilities	196,331	205,786
Non-current liabilities:
Borrowings	70,384	33,465
Other financial liabilities	3,125	2,463
Provisions	1,141	973
Defined benefit liabilities	19,476	17,170
Deferred tax liabilities	4,730	9,128
Other non-current liabilities	5,075	6,405
Total non-current liabilities	103,931	69,604
Total liabilities	300,262	275,390
Equity
Share capital	38,730	38,730
Capital surplus	135,130	55,664
Retained earnings	224,285	209,702
Treasury shares	(18,284)	(3,497)
Other components of equity	2,819	(65)
Total equity attributable to owners of the Company	382,680	300,534
Non-controlling interests	28,386	125,263
Total equity	411,066	425,797
Total liabilities and equity	¥ 711,328	¥ 701,187