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Here is the state of cash flows.
In the second quarter of the fiscal year ending March 31, 2019, cash used in operating activities totaled ¥45.7 billion, and cash used in investing activities totaled ¥32.5 billion yen. However, because cash provided by financing activities of ¥102.8 billion such as proceeds from interest-bearing debt was appropriated for the cash used in these activities, cash and cash equivalents at the end of the fiscal year stood at ¥86.3 billion.
The actual results and plans of investments are shown in the lower part of the slide.
In the second quarter of the fiscal year ending March 31, 2019, the Company made investments of ¥43.4 billion mainly in commercial facilities in real estate for sale.
In terms of land acquisition for condominiums, investments were only ¥6.7 billion based on our stance of investing in strictly selected assets under the continued challenging acquisition environment, but the pipeline has steadily piled up as a result of progress in our initiatives such as redevelopment projects.
Regarding capital investment, the Company made investments of ¥36.7 billion mainly in predetermined projects.
For the fiscal year ending March 31, 2019, we plan to increase investments in real estate for sale from the initial forecast by ¥30 billion yen, to ¥100 billion, including investments in infrastructure facilities, in addition to offices and commercial facilities. For land acquisition for condominiums, we plan to invest ¥50 billion based continuously on our policy of investing in strictly selected assets, and for capital investments, we plan to invest ¥120 billion as initially planned in anticipation of investments in predetermined projects such as Shibuya redevelopment projects and new investments.
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