text: Current liabilities increased by 28.1 percent, or ¥872.2 
  
  billion, to ¥3,974.7 billion. This increase included changes 
  
  in the scope of consolidation of ¥144.4 billion and an 
  
  increase in short-term borrowings for sales financing of 
  
  ¥558.5 billion. 
  
  In 2004, total shareholder equity increased from 
  
  ¥2,024.0 billion to ¥2,465.8 billion. This gain was primarily 
  
  due to net income of ¥512.3 billion, offset by dividends 
  
  paid totaling ¥101.2 billion. Consolidated shareholder 
  
  equity represented 29 percent of total revenues and 25 
  
  percent of total assets. 
  
  **Cash Flow**
  
  Cash from operating activities was ¥369.4 billion, below 
  
  the previous year’s level of ¥797.4 billion. This drop was 
  
  primarily caused by a ¥331.2 billion increase in finance 
  
  **FINANCIAL POSITION**
  receivables in the U.S. and Japan. There were also 
  
  increases in inventory and income tax paid. 
  
  Cash used for investing activities increased by ¥108.9 
  
  billion to ¥865.0 billion. This increase was mainly due to an 
  
  increase of leased vehicles in the U.S. 
  
  Cash from financing activities totaled ¥521.0 billion, 
  
  including an increase in short-term borrowing of ¥666.2 
  
  billion, offset by ¥94 billion for the payment of dividends 
  
  and ¥26 billion for the acquisition of treasury stock. 
  
  In total, cash and cash equivalents increased by ¥95.6 
  
  billion to ¥289.8 billion from fiscal 2004. 