Wacom 2007 Annual Report Download - page 19

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(Millions of yen)
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’03 ’04 ’05 ’06 ’07
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ormance
Financial Position
Financial conditions
At the end of the scal year under review, cash and cash
equivalents increased by ¥2,365 million, or U.S. $20
million, compared to ¥6,109 million, or U.S. $52 million
for the previous year, to ¥12,707 million, or U.S. $108
million. Cash ow conditions for the scal year under
review and the factors behind these conditions are
summarized below.
Cash ows from operating activities
Net cash provided by operating activities amounted to
¥3,758 million, or U.S. $32 million, up 65.5%, in spite of
an increase in notes and accounts receivable of ¥1,746
million, or U.S. $15 million, due primarily to strong
income before income taxes of ¥4,738 million, or U.S.
$40 million, and to a decrease in inventory of ¥528
million, or U.S. $4 million.
Cash ows from investing activities
Net cash used in investing activities amounted to ¥323
million, or U.S. $3 million, compared to ¥93 million, or
U.S. $0.8 million, for the previous scal year. This was
primarily due to payment of ¥327 million, or U.S. $3
million, for purchases of xed assets.
Cash ows from nancing activities
Net cash used in nancing activities amounted to
¥1,229 million, or U.S. $10 million, while net cash
provided by such activities amounted to ¥3,720 million,
or U.S. $32 million, in the previous scal year. This was
primarily due to an expenditure of ¥700 million, or U.S.
$6 million, for payment of corporate bonds, and ¥409
million, or U.S. $3 million, for payment of cash dividends.
Cash f lows from operating activities
-1,039
Cash f lows from investing activities
Cash f lows from f inancing activities
-130
-723
3,720
-1,229
-184
-125
-24
-93
-323
1,774
1,069 1,162
2,270
3,758
18