Marutai Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	711	419	348	720	938
Depreciation & Amortization	526	528	512	338	291
Loss (Gain) From Sale of Assets	295	-	1	-	-
Loss (Gain) From Sale of Investments	-	-	-	8	63
Other Operating Activities	-184	-68	-226	-353	-262
Change in Accounts Receivable	14	-164	-10	-139	-91
Change in Inventory	37	-72	-111	-75	-50
Change in Accounts Payable	135	-24	213	101	110
Change in Other Net Operating Assets	-249	-34	364	-137	-45
Operating Cash Flow	1,285	585	1,091	463	954
Operating Cash Flow Growth	119.66%	-46.38%	135.64%	-51.47%	46.10%
Capital Expenditures	-134	-98	-190	-2,956	-1,937
Sale (Purchase) of Intangibles	-25	-34	-62	-130	-51
Investment in Securities	194	16	-203	-	-3
Other Investing Activities	339	19	16	14	14
Investing Cash Flow	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	1,832	-
Common Dividends Paid	-95	-95	-95	-114	-95
Other Financing Activities	-3	-3	-4	-4	-
Financing Cash Flow	-386	-386	-387	1,714	-95
Miscellaneous Cash Flow Adjustments	-	-1	-1	1	-
Net Cash Flow	1,273	101	264	-894	-1,118
Free Cash Flow	1,151	487	901	-2,493	-983
Free Cash Flow Growth	136.34%	-45.95%	-	-	-
Free Cash Flow Margin	11.98%	5.45%	10.81%	-31.36%	-10.53%
Free Cash Flow Per Share	602.37	254.87	471.53	-1304.69	-514.44
Cash Interest Paid	2	3	4	2	-
Cash Income Tax Paid	161	50	217	343	248
Levered Free Cash Flow	1,058	417.88	795.63	-2,906	-1,062
Unlevered Free Cash Flow	1,059	419.75	798.13	-2,905	-1,062
Change in Working Capital	-63	-294	456	-250	-76

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.