(Millions of Yen)

Fiscal Year ended
31 March 2020
Fiscal Year ended
31 March 2021
Net cash from (used in) operating activities 26,849 (178,403)
Net cash (used in) from investing activities (70,887) (82,071)
Net cash from financing activities 181,626 210,822
Net (decrease) increase in cash and cash equivalents 137,588 (49,652)
Cash and cash equivalents at the beginning of the year 713,974 843,755
Effect of changes in exchange rate on cash and cash equivalents (7,807) 8,599
Cash and cash equivalents at the end of the year 843,755 802,702

* 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, 2021, total assets amounted to ¥7,208,572 million and increased by ¥1,695,345 million from total assets of ¥5,513,227 million as at March 31, 2020. The Group’s equity increased by ¥123,396 million to ¥717,095 million from the fiscal year ended March 31, 2020. As at March 31, 2021, the Group’s cash and cash equivalents amounted to ¥802,702 million and decreased by ¥41,053 million from that of ¥843,755 million as at March 31, 2020.

Operating Cash Flows

Net cash from used in operating activities

Cash flows from operating activities amounted to ¥178,403 million in net cash outflows (¥26,849 million in net cash inflows for the year ended March 31, 2020). The net cash outflows were primarily due to a ¥246,508 million cash outflow from an increase in trade and other accounts receivables, a ¥221,904 million cash outflow from an increase in assets/liabilities related to securities business and a ¥131,448 million cash outflow from an increase in operational investment securities, despite a ¥220,081 million cash inflow from an increase in customer deposits in the banking business and a ¥140,380 million cash inflow from a profit before income tax expense.

Investing Cash Flows

Net cash used in from investing activities

Cash flows from investing activities amounted to ¥82,071 million in net cash outflows (¥70,887 million in net cash outflows for the year ended March 31, 2020). The net cash outflows were primarily due to a ¥77,392 million cash outflow from purchases of investment securities and a ¥70,172 million cash outflow from payments of loans receivable, despite a ¥49,860 million cash inflow from collection of loans receivable.

Financing Cash Flows

Net cash from financing activities

Cash flows from financing activities amounted to ¥210,822 million in net cash inflows (¥181,626 million in net cash inflows for the year ended March 31, 2020). The net cash inflows were primarily due to a ¥228,124 million cash inflow from proceeds from issuance of bonds payable and a ¥69,808 million cash inflow from an increase in short term loans payable, despite a ¥112,576 million cash outflow from redemption of bonds payable.