(Million yen)
FY 3/2017 FY 3/2018 FY 3/2019 FY 3/2020 FY 3/2021
Cash flows from operating activities 45,133 47,952 45,851 51,487 9,282
Cash flows from investing activities △21,535 △27,023 △53,430 △48,076 △28,678
Cash flows from financing activities △31,787 △19,878 7,246 △4,411 21,498
Net increase (decrease) in cash and cash equivalents △8,189 1,050 △332 △1,000 2,103
Cash and cash equivalents at beginning of period 31,471 23,294 24,417 25,018 26,675
Increase in cash and cash equivalents from newly consolidated subsidiary 12 67 95 2,107 94
Increase in cash and cash equivalents resulting from merger with unconsolidated subsidiaries － 4 838 549 27
Cash and cash equivalents at end of period 23,294 24,417 25,018 26,675 28,900