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(3) FINANCIAL CONDITION ANALYSIS
CONDITION OF ASSETS, LIABILITIES, AND NET ASSETS
Cash and bank deposits at the end of this period amounted to 63,109 million yen, a decrease of 16,523
million yen from FY 2013 annual closing. Total assets at the end of this period were 279,938 million yen,
an increase of 18,445 million yen from FY 2013 annual closing due to substantial increase in marketable
securities and investment securities, etc.
Total liabilities at the end of this period were 126,844 million yen, an increase of 7,890 million yen from
FY 2013 annual closing, mainly due to substantial increase in deferred revenue, etc.
As a result, total net assets at the end of this period were 153,094 million yen, an increase of 10,555
million yen. This increase is mainly due to substantial increase in retained earnings and foreign currency
translation adjustments, etc.
CONDITION OF CASH FLOW
(Unit: million yen)
Cash flows from operating activity for this period were cash inflow of 31,942 million yen increased
by 1,374 million yen compared with the previous period. This increase of inflow was mainly due to the
increase of income tax payment while increase in net income before taxes.
Cash flows from investing activity were cash outflow of 32,922 million yen, increased by 16,771
million yen compared with the previous period. This increase of outflow was mainly due to large
payments for purchases of marketable securities and securities investments.
Cash flows from financing activity were cash outflow of 16,887 million yen increased by 16,676
million yen compared with the previous period. This increase of outflow was mainly due to increase of
dividends payments and decrease of proceeds from sale of treasury stock.
Taking these cash flows and the effect of exchange rate change on cash and cash equivalents into
account, cash and cash equivalents at the end of this period was 58,662 million yen, decreased by
15,286 million yen compared with the previous period.
FY 2014 FY 2013 Increase
(Decrease)
Cash Flows from Operating Activities 31,942 30,567 1,374
Cash Flows from Investing Activity (32,922) (16,150) (16,771)
Cash Flows from Financing Activity (16,887) (210) (16,676)
Effect of Exchange Rate Changes on
Cash and Cash Equivalents 2,581 9,126 (6,545)
Net increase (Decrease) in Cash and
Cash Equivalents (15,286) 23,333 (38,619)
Cash and Cash Equivalents at beginning of
period 73,949 50,446 23,503
Increase in Cash due to merger of
consolidated subsidiary - 169 (169)
Cash and Cash Equivalents at end of period 58,662 73,949 (15,286)
[Overview of Cash Flow]
4