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Moving on to cash flows, we see that net cash provided by operating activities declined 83.3 billion yen year on year to total 54.9 billion yen. This drop is due to increases in trade receivables and inventory assets resulting from the post-quake recovery in production on top of a decline in overall profitability.
Net cash used in investment activities rose 24.5 billion yen year on year to a negative 26.6 billion yen due to a gain on the sale of the Subaru Building.
Free cash flows decreased by 58.8 billion to reach 28.3 billion yen.
Net cash used in financing activities increased 42.0 billion yen to total 2.6 billion yen as a result of an increase in loans payable.
Cash and cash equivalents increased 30.4 billion yen to total 258.1 billion yen.