Moving on to cash flows for the first half of this fiscal year.

Cash flows from operating activities increased by 61.9 billion yen compared to the first half of the previous fiscal year. The main reasons for this development was a 17.0 billion yen drop in inventory assets, a 38.6 billion yen rise in accounts payable and a 6.4 billion yen decrease in income tax paid.

Cash flow from investing activity remained flat year on year.

Free cash flows rose by 61.9 billion yen, compared to the first half of the previous fiscal year, to 35.7 billion yen.

Cash flow from financing activities decreased 23.4 billion yen, compared to the first half of the previous fiscal year, to negative 3.2 billion yen due to liquidation of receivables by our subsidiary, Subaru Finance Co., Ltd. for the repayment of borrowings and commercial papers, as well as the redemption of corporate bonds.

The net decrease in cash and cash equivalents bounced back from where it was during the same period last year with a 43.0 billion yen increase that brought it to 6.9 billion yen.

Cash and cash equivalents increased 29.7 billion yen, compared to the first half of the previous fiscal year, to total 106.0 billion yen.