Cash Flows

(Millions of Yen)

2017 (IFRS) 2016 (IFRS)
Cash Flows from operating activities 60,466 77,724
Cash Flows from investing activities (29,746) (166,683)
Free Cash Flows * 30,720 (88,959)
Cash Flows from financing activities (28,091) 99,203
Closing balance of cash and cash equivalents 58,305 55,845

* Free cash flow = Cash Flows from operating activities - Cash Flows from investing activities