Pentax 2011 Annual Report Download - page 26

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Cash flows
Net cash provided by operating activities amounted to ¥92,514 million, an increase of ¥8,780
million from the previous fiscal year. The main positive factors were income before taxes from
continuing operations of ¥63,758 million (up ¥13,244 million year on year), and depreciation and
amortization of ¥31,294 million (down ¥2,660 million). The main negative factors included an
increase in inventories of ¥10,126 million (down ¥20,219 million) and ¥8,370 million in income
taxes paid (down ¥2,357 million).
Net cash used in investing activities amounted to ¥38,491 million, a decrease of ¥2,232 million
compared with the previous fiscal year. This was primarily attributable to ¥20,654 million in
proceeds from the transfer of the glass media business, the agreement for which was signed in
the first quarter, as well as payments of ¥36,041 million (up ¥9,390 million) for the acquisition of
property, plant and equipment (mostly in the Information Technology business), and of ¥20,000
million for negotiable certificates of deposit (acquired for the purpose of investing surplus funds).
Net cash used in financing activities amounted to ¥31,244 million, a decrease of ¥53,486 million
from the net cash used in the previous fiscal year. This was mainly due to a total of ¥27,971
million in dividends paid (a decrease of ¥265 million year on year) and ¥3,337 million in
repayments of long-term borrowings (a decrease of ¥5,808 million).
A
s a result of the above, the balance of cash and cash equivalents as of March 31, 2011, was
¥
185,252 million, a year on year increase of ¥17,313 million.
Cash flow provided by operating activities
Subsequent Events
Nothing of note.
HOYA Annual Re
p
ort 2011