NAFCO 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
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
Net Income	1,405	528	4,924	9,003	12,326	18,677
Depreciation & Amortization	6,348	6,367	5,946	5,928	5,926	5,800
Loss (Gain) From Sale of Assets	1,064	636	628	607	243	342
Other Operating Activities	-366	-1,045	-3,042	-2,167	-8,869	-3,495
Change in Accounts Receivable	288	-95	-398	-681	-698	157
Change in Inventory	-6,180	-3,817	2,982	-2,715	-4,064	75
Change in Accounts Payable	-2,065	-3,044	-2,054	-1,130	-2,964	2,854
Change in Other Net Operating Assets	-336	-239	181	811	-720	371
Operating Cash Flow	158	-709	9,167	9,656	1,180	24,781
Operating Cash Flow Growth	-97.37%	-	-5.06%	718.30%	-95.24%	108.51%
Capital Expenditures	-7,729	-5,538	-4,962	-3,157	-3,408	-3,870
Sale of Property, Plant & Equipment	-59	-60	66	-183	-8	348
Sale (Purchase) of Intangibles	-454	-254	-62	-28	-150	-87
Other Investing Activities	-144	-93	23	-59	70	114
Investing Cash Flow	-8,386	-5,945	-4,935	-3,427	-3,496	-3,495
Short-Term Debt Repaid	-	-465	-105	-660	-660	-660
Long-Term Debt Repaid	-	-8	-99	-599	-1,084	-1,496
Total Debt Repaid	-660	-473	-204	-1,259	-1,744	-2,156
Net Debt Issued (Repaid)	-660	-473	-204	-1,259	-1,744	-2,156
Repurchase of Common Stock	-4,049	-4,049	-4,000	-	-	-
Common Dividends Paid	-1,488	-1,552	-1,627	-1,599	-1,570	-1,227
Other Financing Activities	-1,843	-1,766	-1,526	-1,359	-1,242	-1,109
Financing Cash Flow	-8,040	-7,840	-7,357	-4,217	-4,556	-4,492
Miscellaneous Cash Flow Adjustments	-	-2	-	-1	-	-1
Net Cash Flow	-16,268	-14,496	-3,125	2,011	-6,872	16,793
Free Cash Flow	-7,571	-6,247	4,205	6,499	-2,228	20,911
Free Cash Flow Growth	-	-	-35.30%	-	-	210.16%
Free Cash Flow Margin	-4.30%	-3.44%	2.19%	3.21%	-1.08%	8.91%
Free Cash Flow Per Share	-298.76	-236.29	149.28	227.54	-78.01	732.13
Cash Interest Paid	249	219	120	107	112	119
Cash Income Tax Paid	504	983	3,046	2,169	8,870	3,711
Levered Free Cash Flow	-9,112	-6,839	3,146	5,709	-2,940	20,775
Unlevered Free Cash Flow	-8,960	-6,710	3,224	5,776	-2,870	20,850
Change in Working Capital	-8,293	-7,195	711	-3,715	-8,446	3,457

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