SMFG Consolidated Statements of Cash Flows (Continued) Millions of yen Millions of  U.S. dollars (Note 1) Year ended March 31 2011 2010 2011 Cash flows from investing activities: Purchases of securities .................................................................................... ¥(67,169,471) ¥(46,300,009) $(807,811) Proceeds from sale of securities ...................................................................... 36,624,700  32,626,376 440,465  Proceeds from maturity of securities ................................................................ 19,626,268  14,263,916 236,034  Purchases of money held in trust ..................................................................... (6,942) (9,748) (83) Proceeds from sale of money held in trust ....................................................... 5,236  27 63  Purchases of tangible fixed assets ................................................................... (182,839) (156,154) (2,199) Proceeds from sale of tangible fixed assets ..................................................... 6,966  37,114 84  Purchases of intangible fixed assets ................................................................ (101,624) (82,287) (1,222) Proceeds from sale of intangible fixed assets .................................................. 528  111 6  Proceeds from sale of stocks of subsidiaries ................................................... 314  — 4  Proceeds from purchase of stocks of subsidiaries resulting in change in scope of consolidation ................................................................................... 59,408  — 715 Purchases of stocks of subsidiaries resulting in change in scope of  consolidation .................................................................................................. (10,756) (537,007) (129) Net cash used in investing activities  .................................................................. (11,148,211) (157,661) (134,073) Cash flows from financing activities: Proceeds from issuance of subordinated borrowings ...................................... 80,000  8,000 962  Repayment of subordinated borrowings .......................................................... (87,500) (78,000) (1,052) Proceeds from issuance of subordinated bonds and bonds with  stock acquisition rights .................................................................................... 256,751  611,172 3,088  Repayment of subordinated bonds and bonds with stock   acquisition rights ............................................................................................. (314,900) (639,981) (3,787) Proceeds from issuance of stocks ................................................................... — 1,824,896 — Dividends paid .................................................................................................. (152,612) (71,063) (1,836) Proceeds from contributions paid by minority stockholders ............................ 471  388,000 6  Repayment to minority stockholders ................................................................ (309) (492,987) (4) Dividends paid to minority stockholders .......................................................... (97,609) (98,791) (1,174) Purchases of treasury stock ............................................................................. (47,759) (189) (574) Proceeds from disposal of treasury stock ........................................................ 13  43 0  Purchases of treasury stock of subsidiaries ..................................................... (1,001) — (12) Proceeds from sale of treasury stock of subsidiaries ....................................... 17  — 0  Net cash provided by (used in) financing activities  ........................................... (364,438) 1,451,099 (4,383) Effect of exchange rate changes on cash and due from banks ........................ (7,185) (302) (87) Net change in cash and due from banks  ........................................................... 2,273,901  (587,786) 27,347  Cash and due from banks at the beginning of the year  .................................... 3,371,193  3,800,890 40,543 Change in cash and due from banks due to  merger of consolidated subsidiary  ................................................................... — 158,089 — Cash and due from banks at the end of the year  .............................................. ¥ 5,645,094 ¥ 3,371,193 $ 67,890 See accompanying notes to consolidated financial statements. SMFG  2011 76