This excerpt taken from the KYO 20-F filed Jun 30, 2009.
Fiscal 2009 compared with Fiscal 2008
The following table shows a summary of Kyoceras cash flows for fiscal 2008 and fiscal 2009:
Net cash provided by operating activities in fiscal 2009 decreased by ¥99,141 million ($1,001 million), or 50.3%, to ¥97,794 million ($988 million) from ¥196,935 million in fiscal 2008. This was due mainly to a decrease in net income.
Cash flow from investing activities turned from ¥14,894 million of cash inflows in fiscal 2008 to ¥201,957 million ($2,040 million) of cash outflows in fiscal 2009, which represented a decrease in cash inflow by ¥216,851 million ($2,190 million) compared with fiscal 2008.
This was due mainly to a decrease in withdrawal of certificate deposits and time deposits, and a decrease in proceeds from sales and maturities of available-for-sale securities.
Net cash used in financing activities in fiscal 2009 increased by ¥34,346 million ($347 million), or 122.4%, to ¥62,417 million ($630 million) from ¥28,071 million in fiscal 2008.
This was due mainly to purchases of treasury stock from November 28, 2008 to December 22, 2008.
Due mainly to the yens appreciation against the Euro and the U.S. dollar between March 31, 2008 and March 31, 2009 resulted in decreases in cash and cash equivalents of ¥11,759 million ($119 million).
At March 31, 2009, cash and cash equivalents totaled ¥269,247 million ($2,720 million). This represented a decrease of ¥178,339 million ($1,801 million), or 39.8%, from ¥447,586 million at March 31, 2008. Most of Kyoceras cash and cash equivalents were denominated in yen but certain cash and cash equivalents, mainly in overseas subsidiaries, were denominated in foreign currencies, such as the U.S. dollar.