(Millions of Yen)

Fiscal Year ended
31 March 2016
Fiscal Year ended
31 March 2017
Net cash from (used in) operating activities 32,478 (17,952)
Net cash (used in) from investing activities 11,179 2,437
Net cash from financing activities (76,230) 159,467
Net (decrease) increase in cash and cash equivalents (32,573) 143,952
Cash and cash equivalents at the beginning of the year 290,826 248,050
Effect of changes in exchange rate on cash and cash equivalents (10,203) (430)
Cash and cash equivalents at the end of the year 248,050 391,572

* Amounts are rounded off to the nearest million Japanese yen.

Cash Flow Status

Analysis of Financial Conditions for the Fiscal Year

Cash and cash equivalents at the end of the period

As at March 31, 2017, total assets amounted to ¥3,850,001million and increased by ¥723,217 million from total assets of ¥3,126,784 million as at March 31, 2016. The Group’s equity decreased by ¥3,539 million to ¥415,524 million from the fiscal year ended March 31, 2016. As at March 31, 2017, the Group’s cash and cash equivalents amounted to ¥391,572 million and increased by ¥143,522million from that of ¥248,050 million as at March 31, 2016. The changes of cash flows for each activity and the reasons for changes are as follows:

Operating Cash Flows

Net cash from used in operating activities

Cash flows from operating activities amounted to ¥17,952 million in net cash outflows (¥32,478 million in net cash inflows for the fiscal year ended March 31, 2016). The net cash outflows were primarily due to a ¥105,238 million cash outflow from an increase in accounts receivables and other receivables and a ¥29,362 million cash outflow from increase in operational investment securities, despite a ¥87,149 million cash inflow from an increase in customer deposits in the banking business and a ¥43,139million cash inflow from profit before income tax expense.

Investing Cash Flows

Net cash used in from investing activities

Cash flows from investing activities amounted to ¥2,437million in net cash inflows (¥11,179 million in net cash inflows for the fiscal year ended March 31, 2016). The net cash inflows were primarily due to a ¥62,854 million cash inflow from proceeds from sales or redemption of investment securities and a ¥7,091 million cash inflow from payments of loans receivable, despite a ¥66,523 million cash outflow from purchases of investment securities.

Financing Cash Flows

Net cash from financing activities

Cash flows from financing activities amounted to ¥159,467 million in net cash inflows (¥76,230 million in net cash outflows for the fiscal year ended March 31, 2016). The net cash inflows were primarily due to a ¥161,178 million cash inflow from increase in short-term loans payable, a ¥102,325 million cash inflow from proceeds from issuance of bonds payable and a ¥30,462 million cash inflow from proceeds from long-term loans payable, despite a ¥74,930 million cash outflow from redemption of bonds payable and ¥25,574 million cash outflow from repayment of long-term loans payable.