(Millions of Yen)

Fiscal Year ended
31 March 2019
Fiscal Year ended
31 March 2020
Net cash from (used in) operating activities (71,665) 26,849
Net cash (used in) from investing activities (54,731) (70,887)
Net cash from financing activities 407,746 181,626
Net (decrease) increase in cash and cash equivalents 281,350 137,588
Cash and cash equivalents at the beginning of the year 437,148 713,974
Effect of changes in exchange rate on cash and cash equivalents (4,524) (7,807)
Cash and cash equivalents at the end of the year 713,974 843,755

* 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, 2020, total assets amounted to ¥5,513,227 million and increased by ¥479,103 million from total assets of ¥5,034,124 million as at March 31, 2019. The Group’s equity increased by ¥31,142 million to ¥593,699 million from the fiscal year ended March 31, 2019. As at March 31, 2020, the Group’s cash and cash equivalents amounted to ¥843,755 million and increased by ¥129,781 million from that of ¥713,974 million as at March 31, 2019.

Operating Cash Flows

Net cash from used in operating activities

Cash flows from operating activities amounted to ¥26,849 million in net cash inflows (¥71,665 million in net cash outflows for the year ended March 31, 2019). The net cash inflows were primarily due to a ¥139,580 million cash inflow from an increase in customer deposits in the banking business, a ¥78,095 million cash inflow from a decrease in assets/liabilities related to securities business and a ¥65,819 million cash inflow from a profit before income tax expense, despite a ¥146,427 million cash outflow from an increase in trade and other accounts receivables and a ¥114,172 million cash outflow from an increase in operational investment securities.

Investing Cash Flows

Net cash used in from investing activities

Cash flows from investing activities amounted to ¥70,887 million in net cash outflows (¥54,731 million in net cash outflows for the year ended March 31, 2019). The net cash outflows were primarily due to a ¥50,303 million cash outflow from payments of loans receivable and a ¥36,885 million cash outflow from purchases of investment securities, despite a ¥39,404 million cash inflow from proceeds from sales or redemption of investment securities.

Financing Cash Flows

Net cash from financing activities

Cash flows from financing activities amounted to ¥181,626 million in net cash inflows (¥407,746 million in net cash inflows for the year ended March 31, 2019). The net cash inflows were primarily due to a ¥179,889 million cash inflow from proceeds from issuance of bonds payable and a ¥58,043 million cash inflow from proceeds from long-term loans payable, despite a ¥46,626 million cash outflow from redemption of bonds payable.