The Group’s consolidated business performance for the current fiscal year was as follows.

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With regard to cash flows in the fiscal year under review, the cash flows from operating activities was ¥660.1 billion, increased by ¥110.7 billion year-on-year mainly due to an increase in premium income. The cash flows from investing activities was ¥(558.7) billion, decreased by ¥281.9 billion year-on-year mainly due to an increase of outflow for the purchase of securities despite a increase of inflow from sale and redemption of securities. Also, the cash flows from financial activities was ¥(659.5) billion, decreased by ¥428.0 billion year-on-year mainly due to an increase of outflow for the acquisition of treasury stock and the redemption of corporate bonds. As a result, cash and cash equivalents at the end of the fiscal year was ¥2,239.4 billion, decreased by ¥494.2 billion from the end of the previous fiscal year.

For long-term investment funds, including growth investments, we primarily utilize funds obtained from operating and investing activities and self-financed from retained earnings. Additionally, we procure external funds through the issuance of 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 ensures appropriate cash flow by maintaining sufficient liquidity and evaluating liquidity with consideration of cash-flow trends, taking into account both assets and liabilities.

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Mitsui Sumitomo Aioi Life Insurance Co., Ltd. (“MSAL”) 
 

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Mitsui Sumitomo Primary Life Insurance Co., Ltd. (“MSPL”)

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Group Adjusted Profit is expected to increase by 250.0 billion yen to 630,0 billion yen mainly due to an increase of strategic equity holdings sales profit.