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	2016 - 2020
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	2016 - 2020
Net Income	612	711	419	348	720	938	Upgrade
Depreciation & Amortization	521	526	528	512	338	291	Upgrade
Loss (Gain) From Sale of Assets	295	295	-	1	-	-	Upgrade
Loss (Gain) From Sale of Investments	-8	-	-	-	8	63	Upgrade
Other Operating Activities	-274	-184	-68	-226	-353	-262	Upgrade
Change in Accounts Receivable	33	14	-164	-10	-139	-91	Upgrade
Change in Inventory	-9	37	-72	-111	-75	-50	Upgrade
Change in Accounts Payable	-170	135	-24	213	101	110	Upgrade
Change in Other Net Operating Assets	-299	-249	-34	364	-137	-45	Upgrade
Operating Cash Flow	701	1,285	585	1,091	463	954	Upgrade
Operating Cash Flow Growth	-36.56%	119.66%	-46.38%	135.64%	-51.47%	46.10%	Upgrade
Capital Expenditures	-112	-134	-98	-190	-2,956	-1,937	Upgrade
Sale (Purchase) of Intangibles	-63	-25	-34	-62	-130	-51	Upgrade
Investment in Securities	-24	194	16	-203	-	-3	Upgrade
Other Investing Activities	347	339	19	16	14	14	Upgrade
Investing Cash Flow	148	374	-97	-439	-3,072	-1,977	Upgrade
Long-Term Debt Issued	-	-	-	-	2,000	-	Upgrade
Long-Term Debt Repaid	-	-288	-288	-288	-168	-	Upgrade
Net Debt Issued (Repaid)	-288	-288	-288	-288	1,832	-	Upgrade
Dividends Paid	-114	-95	-95	-95	-114	-95	Upgrade
Other Financing Activities	-3	-3	-3	-4	-4	-	Upgrade
Financing Cash Flow	-405	-386	-386	-387	1,714	-95	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-1	-1	1	-	Upgrade
Net Cash Flow	444	1,273	101	264	-894	-1,118	Upgrade
Free Cash Flow	589	1,151	487	901	-2,493	-983	Upgrade
Free Cash Flow Growth	-41.80%	136.34%	-45.95%	-	-	-	Upgrade
Free Cash Flow Margin	6.20%	11.98%	5.45%	10.81%	-31.36%	-10.53%	Upgrade
Free Cash Flow Per Share	308.25	602.37	254.87	471.53	-1304.69	-514.44	Upgrade
Cash Interest Paid	2	2	3	4	2	-	Upgrade
Cash Income Tax Paid	243	161	50	217	343	248	Upgrade
Levered Free Cash Flow	551.75	1,058	417.88	795.63	-2,906	-1,062	Upgrade
Unlevered Free Cash Flow	553	1,059	419.75	798.13	-2,905	-1,062	Upgrade
Change in Working Capital	-445	-63	-294	456	-250	-76	Upgrade

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