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Financial Review
Copyright 2013 © HOYA CORPORATION
10
Cash Flow
Net cash provided by operating activities amounted to ¥88,991 million, an increase of ¥15,271 million from the
previous fiscal year. The main positive factors were profit before taxes from continuing operations of ¥89,368
million (up ¥35,347 million year on year), depreciation and amortization of ¥30,872 million (up ¥2,945 million), and
share losses of associates of ¥11,912 million (up ¥13,776 million). The main negative factors included an increase
in trade and other receivables of ¥8,216 million (down ¥19,007 million), a decrease of trade and other payables of
¥7,692 million (up ¥964 million), and a decrease in retirement benefits obligation and other provisions of ¥4,188
million (up ¥4,140 million).
Net cash used in investing activities amounted to ¥948 million, a decrease of ¥21,549 million compared with the
previous fiscal year.
This was primarily attributable to ¥40,000 million in withdrawals of time deposit (up ¥30,000 million), proceeds
from sales of property, plant and equipment of ¥7,573 million (up ¥7,012 million), payments for acquisition of
property, plant and equipment of ¥43,049 million (up ¥11,865 million), and net cash outflow on acquisition of
subsidiary of ¥10,127 million (up ¥10,047 million).
Net cash used in financing activities amounted to
¥68,997 million, an increase of ¥39,738 million. This
was mainly due to a total of ¥28,071 million in
dividends paid (up ¥68 million year on year) and
¥40,287 million yen payments for redemption of
corporate bonds.
As a result of the above, the balance of cash and
cash equivalents as of March 31, 2013, increased
¥44,124 million from the previous year to ¥248,896
million, including ¥25,078 million effects of exchange
rate changes.
11
Subsequent Events
Nothing of note.