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Next, moving on to our cash flow for the first three months of the fiscal year 2011.
Net cash provided by operating activities totaled 33.7 billion yen, down 6.1 billion yen year over year. This was attributed to a recovery in sales and increase in inventory assets, while the same period of the previous fiscal year, inventory and shipment adjustments implemented.
Net cash provided by investing activities decreased 13.4 billion yen on an year on year basis to be negative 9.1 billion yen as capex was made at SIA for equipment and facilities for the new Legacy during the first three months of the fiscal 2010.
Free cash flow totaled 24.6 billion yen, up 7.3 billion yen over the same period of the previous fiscal year.
Net cash provided by financing activities was negative 19.3 billion yen, a year-over-year decrease of 61.8 billion yen, due to a reduction in interest bearing debt from the redemption of straight bonds and other factors.
Cash and cash equivalents totaled 192.3 billion yen, up 36.7 billion yen year over year.
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