PAPANETS Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	460	362	341	293	242
Depreciation & Amortization	60	51	47	40	44
Loss (Gain) From Sale of Assets	-	5	-	-	-
Other Operating Activities	-135	-126	-97	-111	-41
Change in Accounts Receivable	-163	-113	-17	58	-144
Change in Inventory	-18	5	-20	-7	-7
Change in Accounts Payable	65	87	32	66	16
Change in Other Net Operating Assets	-76	66	22	11	21
Operating Cash Flow	193	337	308	350	131
Operating Cash Flow Growth	-42.73%	9.42%	-12.00%	167.18%	55.95%
Capital Expenditures	-92	-24	-8	-108	-6
Sale (Purchase) of Intangibles	-135	-76	-55	-24	-19
Investment in Securities	-50	-	-52	-	-
Other Investing Activities	-4	-	-7	4	-
Investing Cash Flow	-281	-100	-122	-128	-25
Long-Term Debt Repaid	-108	-151	-151	-151	-207
Total Debt Repaid	-108	-151	-151	-151	-207
Net Debt Issued (Repaid)	-108	-151	-151	-151	-207
Issuance of Common Stock	94	-	-	-	-
Repurchase of Common Stock	-	-	-107	-	-
Common Dividends Paid	-86	-35	-29	-8	-6
Other Financing Activities	-	-	-1	-1	-1
Financing Cash Flow	-100	-186	-288	-160	-214
Foreign Exchange Rate Adjustments	-	-	3	-	-
Miscellaneous Cash Flow Adjustments	-	-1	-	-1	1
Net Cash Flow	-188	50	-99	61	-107
Free Cash Flow	101	313	300	242	125
Free Cash Flow Growth	-67.73%	4.33%	23.97%	93.60%	60.26%
Free Cash Flow Margin	1.75%	5.83%	6.68%	6.04%	3.44%
Free Cash Flow Per Share	54.92	196.24	1749.94	1402.90	724.64
Cash Interest Paid	1	3	4	4	5
Cash Income Tax Paid	135	130	98	115	42
Levered Free Cash Flow	-3	202.75	209.75	193.25	98.75
Unlevered Free Cash Flow	-2.38	204.63	212.25	195.75	101.88
Change in Working Capital	-192	45	17	128	-114

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