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Moving on to cash flows, we see that net cash provided by operating activities totaled 77.9 billion yen for a drop of 29.9 billion yen year on year, due to increased inventory assets despite a recovery of pre-tax net income.
Net cash used in investment activities came to a negative 38.3 billion yen. We spent 9.9 billion yen less on investments than in the same period of previous fiscal year when we made a significant capital investment to launch the new Legacy at SIA.
Free cash flows decreased by 20.0 billion yen year on year to reach 39.7 billion yen.
Net cash used in financing activities dropped 54.4 billion yen year on year to reach negative 52.4 billion yen as a result of a decline in interest bearing debts realized through the repayment of debts as well as the redemption of corporate bonds.
Cash and cash equivalents increased 10.3 billion yen year on year to total 166.3 billion yen.