Business One Holdings 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	1,260	1,150	1,005	827	660
Depreciation & Amortization	567	490	427	361	284
Loss (Gain) From Sale of Assets	-4	1	-	-	1
Loss (Gain) From Sale of Investments	2	5	-	-	-
Other Operating Activities	-425	-471	-355	-231	-160
Change in Accounts Receivable	86	-857	-1,640	-9	16
Change in Inventory	1,797	494	-2,974	-1,208	1,048
Change in Accounts Payable	-170	32	65	24	-42
Change in Other Net Operating Assets	-431	156	111	-955	259
Operating Cash Flow	2,682	1,000	-3,361	-1,191	2,066
Operating Cash Flow Growth	168.20%	-	-	-	33.81%
Capital Expenditures	-1,791	-722	-1,940	-1,708	-1,188
Sale of Property, Plant & Equipment	7	3	-	-	-
Cash Acquisitions	33	-	8	-	-
Divestitures	15	-	-	-	-
Sale (Purchase) of Intangibles	-	-11	-2	-20	-1
Investment in Securities	1	-	-	-35	-35
Other Investing Activities	-2	-4	-14	-7	-2
Investing Cash Flow	-1,701	-733	-1,947	-1,554	-1,226
Short-Term Debt Issued	-	574	4,446	2,709	-
Long-Term Debt Issued	2,319	998	2,542	2,245	1,242
Total Debt Issued	2,319	1,572	6,988	4,954	1,242
Short-Term Debt Repaid	-1,420	-	-	-	-500
Long-Term Debt Repaid	-1,510	-1,371	-1,212	-1,765	-1,339
Total Debt Repaid	-2,930	-1,371	-1,212	-1,765	-1,839
Net Debt Issued (Repaid)	-611	201	5,776	3,189	-597
Common Dividends Paid	-41	-29	-20	-16	-16
Other Financing Activities	-5	-6	-7	-9	-22
Financing Cash Flow	-657	166	5,749	3,164	-635
Miscellaneous Cash Flow Adjustments	-	-	-1	34	-1
Net Cash Flow	324	433	440	453	204
Free Cash Flow	891	278	-5,301	-2,899	878
Free Cash Flow Growth	220.50%	-	-	-	3.91%
Free Cash Flow Margin	5.54%	2.07%	-43.41%	-28.79%	8.90%
Free Cash Flow Per Share	214.76	67.01	-1277.69	-698.74	211.62
Cash Interest Paid	230	218	203	160	149
Cash Income Tax Paid	434	496	384	271	191
Levered Free Cash Flow	486.38	246.38	-5,401	-3,180	250.38
Unlevered Free Cash Flow	630.75	379.5	-5,282	-3,082	339.13
Change in Working Capital	1,282	-175	-4,438	-2,148	1,281

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