(Million yen)
FY
3/2021		 FY
3/2022		 FY
3/2023		 FY
3/2024		 FY
3/2025
Cash flows from operating activities 9,282 28,831 47,238 60,045 41,149
Cash flows from investing activities (28,678) (33,764) (29,505) 28,137 (9,245)
Cash flows from financing activities 21,498 1,236 (20,916) (40,264) (62,869)
Increase (decrease) in cash and cash equivalents 2,103 (3,697) (3,182) 47,918 (30,964)
Cash and cash equivalents at beginning of period 26,675 28,900 25,277 34,410 82,328
Increase in cash and cash equivalents following stock swap ー ー 11,623 ー ー
Increase in cash and cash equivalents from newly consolidated subsidiary 94 ー 585 ー 5
Increase in cash and cash equivalents following merger with non-cobsolidated subsidiary 27 74 106 ー ー
Cash and cash equivalents at end of period 28,900 25,277 34,410 82,328 51,369