U.S. Dollars Yen (thousands) (millions) (Note 3) Years ended March 31 2002 2003 2004 2004 Cash flows from financing activities: Proceeds from long-term debt 448,947 358,615 57,150 539,151 Repayment of long-term debt (296,718) (222,779) (197,876) (1,866,755) Increase (decrease) in short-term borrowings (36,191) (105,167) (76,741) (723,971) Increase (decrease) in minority interests 17,032 (2,702) 10,700 100,943 Dividends paid (14,842) (5,005) — — Other, net (26,916) (90,199) (33,135) (312,594) Net cash provided by (used in) financing activities 91,312 (67,237) (239,902) (2,263,226) Effect of exchange rate changes on cash and  cash equivalents 1,014 (3,230) (3,199) (30,179) Net increase (decrease) in cash and cash equivalents (10,566) (17,085) 128,333 1,210,689 Cash and cash equivalents at beginning of year 309,984 299,418 282,333 2,663,519 Cash and cash equivalents of  newly consolidated subsidiaries GLYPH<209> GLYPH<209> 3,160 29,811 Cash and cash equivalents at end of year · 299,418 · 282,333 · 413,826 $ 3,904,019 Noncash investing and financing activities: Acquisition of assets under finance leases · 24,238 · 32,696 · 32,084 $ 302,679 Contribution of assets to an affiliated company GLYPH<209> GLYPH<209> 63,949 603,292 Conversion of bonds into common stock and capital surplus 19,414 GLYPH<209> — — 39