Frontier Cash Flow Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	122	32	107	44	82
Depreciation & Amortization	17	19	15	4	4
Loss (Gain) From Sale of Assets	-3	-2	-4	-	-
Other Operating Activities	7	-26	-5	-28	-6
Change in Accounts Receivable	45	38	-31	83	-78
Change in Inventory	-31	29	-60	-73	-
Change in Accounts Payable	2	15	6	-84	26
Change in Other Net Operating Assets	-	39	20	18	-48
Operating Cash Flow	159	144	48	-36	-20
Operating Cash Flow Growth	10.42%	200.00%	-	-	-
Capital Expenditures	-15	-7	-29	-60	-19
Sale of Property, Plant & Equipment	7	4	5	-	2
Sale (Purchase) of Intangibles	-	-	-1	-	-1
Other Investing Activities	-	-	-1	-	-
Investing Cash Flow	-8	-3	-26	-60	-18
Short-Term Debt Issued	-	-	5	-	-
Long-Term Debt Issued	-	85	200	66	-
Total Debt Issued	-	85	205	66	-
Short-Term Debt Repaid	-119	-161	-	-	-5
Long-Term Debt Repaid	-39	-120	-182	-25	-22
Total Debt Repaid	-158	-281	-182	-25	-27
Net Debt Issued (Repaid)	-158	-196	23	41	-27
Issuance of Common Stock	-	-	-	12	40
Common Dividends Paid	-16	-9	-15	-12	-
Other Financing Activities	-4	-4	-2	1	-1
Financing Cash Flow	-178	-209	6	42	12
Foreign Exchange Rate Adjustments	3	21	18	36	13
Miscellaneous Cash Flow Adjustments	1	-	1	1	1
Net Cash Flow	-23	-47	47	-17	-12
Free Cash Flow	144	137	19	-96	-39
Free Cash Flow Growth	5.11%	621.05%	-	-	-
Free Cash Flow Margin	8.54%	8.38%	0.88%	-5.01%	-2.33%
Free Cash Flow Per Share	103.66	98.62	13.68	-69.11	-30.73
Cash Interest Paid	5	5	15	11	6
Cash Income Tax Paid	-4	29	3	28	4
Levered Free Cash Flow	132.75	134	-12.13	-149.75	-53
Unlevered Free Cash Flow	135.88	138.38	-3.38	-143.5	-49.25
Change in Working Capital	16	121	-65	-56	-100

Source: S&P Global Market Intelligence. Standard template. Financial Sources.