The Group's consolidated business performance for the fiscal year under review was as follows.

With regard to cash flows in the fiscal year under review, net cash flows provided by operating activities decreased by ¥42.5 billion over the previous fiscal year to ¥194.1 billion, due in part to an increase in paid claim amount. Net cash flows from investing activities increased by ¥552.9 billion over the previous fiscal year to ¥480.9 billion, due in part to an increase in income from sales and redemption of securities and a reduction of investment on money trust. In addition, cash flows provided by financial activities decreased by ¥373.0 billion over the previous fiscal year to ¥(314.5) billion, due in part to an decrease in income from redemption of corporate bonds and sales under repurchase agreement. As a result, cash and cash equivalents at the end of the fiscal year under 
review have increased by ¥390.2 billion from the end of the previous fiscal year to ¥2,646.4 billion. 

For long-term investment funds, the Group utilizes its own funds and raises funds from outside sources through issuing corporate bonds and long-term borrowing from financial institutions. 

With regard to the liquidity of funds, in preparation for the possibility that cash flow may worsen due to cash outflows used for the payment of claims, etc. or due to unstable market conditions, etc., the Group will ensure appropriate cash flow by maintaining sufficient liquidity and evaluating liquidity with consideration of cash-flow trends, taking into account both assets and liabilities. 

Group Adjusted Profit is expected to decrease by 47.1 billion yen mainly due to a decrease in the domestic non- life and domestic life insurance, despite an increase in the international business.

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