Pentax 2008 Annual Report Download - page 51

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81,725
119,809
83,391
98,793
75,620
105,855
64,135
76,000
39,549
78,744
17,097
21,815
21,020
30,450
22,603
32,595
21,004
34,948
21,500
14,066
22,899
35,017
19,964
19,950
19,028
29,760
Net Cash Provided by Operating Activities
Quarterly Net Cash Provided by Operating Activities
Net income (Millions of yen)
2006 2007 2008
(Millions of yen)
20052004
Net cash provided by operating activities (Millions of yen)
100,000
75,000
50,000
25,000
0
(Millions of yen)
20082007
Net income (Millions of yen)
Net cash provided by operating activities (Millions of yen)
30,000
20,000
10,000
0
1Q 2Q 3Q 4Q1Q 2Q 3Q 4Q
expenditures of ¥72,463 million (up ¥71,555 million) for the purchase of
shares of subsidiaries, stemming from the acquisition of Pentax’s shares
and other changes in the scope of consolidation, and expenditures of
¥38,889 million (down ¥13,490 million) for purchases of property, plant
and equipment, especially investments to support forthcoming
products in the Electro-Optics Division.
Net cash provided by financing activities amounted to ¥68,253
million, an increase of ¥92,144 million. Although dividends paid totaled
¥28,076 million (up ¥2,266 million), this was offset by proceeds of
¥99,804 million from long-term loans and corporate bonds issued for
the tender offer on Pentax’s shares.
As a result of the above, the balance of cash and cash equivalents
as of March 31, 2008, was ¥181,336 million—an increase of ¥60,714
million.
Net cash provided by operating activities amounted to ¥119,809
million, an increase of ¥21,016 million from the previous fiscal year. The
main positive factors were income before income taxes and minority
interests of ¥94,553 million (down ¥12,579 million year on year),
depreciation and amortization of ¥44,876 million (up ¥8,537 million)
and a decrease in notes and accounts receivable of ¥6,254 million (up
¥20,055 million). The main negative factors were an increase in
inventories of ¥7,163 million (up ¥2,364 million), equity in earnings of
associated companies of ¥5,926 million (up ¥5,284 million) and income
taxes paid of ¥24,960 million (up ¥1,598 million).
Net cash used in investing activities amounted to ¥113,037
million—a ¥66,385 million increase. This was primarily attributable to
Cash Flows
HOYA ANNUAL REPORT 2008 49