Marutai Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	612	711	419	348	720	938
Depreciation & Amortization	521	526	528	512	338	291
Loss (Gain) From Sale of Assets	295	295	-	1	-	-
Loss (Gain) From Sale of Investments	-8	-	-	-	8	63
Other Operating Activities	-274	-184	-68	-226	-353	-262
Change in Accounts Receivable	33	14	-164	-10	-139	-91
Change in Inventory	-9	37	-72	-111	-75	-50
Change in Accounts Payable	-170	135	-24	213	101	110
Change in Other Net Operating Assets	-299	-249	-34	364	-137	-45
Operating Cash Flow	701	1,285	585	1,091	463	954
Operating Cash Flow Growth	-36.56%	119.66%	-46.38%	135.64%	-51.47%	46.10%
Capital Expenditures	-112	-134	-98	-190	-2,956	-1,937
Sale (Purchase) of Intangibles	-63	-25	-34	-62	-130	-51
Investment in Securities	-24	194	16	-203	-	-3
Other Investing Activities	347	339	19	16	14	14
Investing Cash Flow	148	374	-97	-439	-3,072	-1,977
Long-Term Debt Issued	-	-	-	-	2,000	-
Long-Term Debt Repaid	-	-288	-288	-288	-168	-
Net Debt Issued (Repaid)	-288	-288	-288	-288	1,832	-
Common Dividends Paid	-114	-95	-95	-95	-114	-95
Other Financing Activities	-3	-3	-3	-4	-4	-
Financing Cash Flow	-405	-386	-386	-387	1,714	-95
Miscellaneous Cash Flow Adjustments	-	-	-1	-1	1	-
Net Cash Flow	444	1,273	101	264	-894	-1,118
Free Cash Flow	589	1,151	487	901	-2,493	-983
Free Cash Flow Growth	-41.80%	136.34%	-45.95%	-	-	-
Free Cash Flow Margin	6.20%	11.98%	5.45%	10.81%	-31.36%	-10.53%
Free Cash Flow Per Share	308.25	602.37	254.87	471.53	-1304.69	-514.44
Cash Interest Paid	2	2	3	4	2	-
Cash Income Tax Paid	243	161	50	217	343	248
Levered Free Cash Flow	551.75	1,058	417.88	795.63	-2,906	-1,062
Unlevered Free Cash Flow	553	1,059	419.75	798.13	-2,905	-1,062
Change in Working Capital	-445	-63	-294	456	-250	-76

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.