Kobe Steel 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	140,387	141,091	162,274	98,066	84,013	18,748
Depreciation & Amortization	123,679	122,439	119,084	112,505	105,147	100,856
Loss (Gain) From Sale of Assets	25,063	26,053	-8,358	4,526	907	5,000
Loss (Gain) From Sale of Investments	-17,719	-2,429	-2,940	-2,971	9,220	-4,451
Loss (Gain) on Equity Investments	-10,143	-11,774	9,148	-12,142	-14,126	-666
Other Operating Activities	-24,490	-58,147	-15,175	-17,282	-11,835	-7,217
Change in Accounts Receivable	27,312	25,686	35,686	-48,190	-52,781	39,484
Change in Inventory	40,322	-11,201	1,116	-111,436	-136,976	40,929
Change in Accounts Payable	-30,854	-97,049	-117,162	60,720	165,522	2,051
Change in Other Net Operating Assets	14,545	13,592	21,611	35,896	19,718	64
Operating Cash Flow	288,102	148,261	205,284	119,692	168,809	194,798
Operating Cash Flow Growth	402.94%	-27.78%	71.51%	-29.10%	-13.34%	620.41%
Capital Expenditures	-119,407	-113,266	-94,865	-98,964	-156,447	-173,221
Sale of Property, Plant & Equipment	11,854	4,898	34,964	5,184	1,581	13,361
Cash Acquisitions	-7,247	-7,352	187	1,361	-	-668
Divestitures	637	637	-	-	-4,007	13,719
Investment in Securities	20,113	-2,442	3,729	2,416	-3,590	3,978
Other Investing Activities	-408	-210	2,417	-105	219	1,169
Investing Cash Flow	-90,738	-113,873	-53,724	-97,267	-161,510	-141,853
Short-Term Debt Issued	-	-	8,080	1,315	-	-
Long-Term Debt Issued	-	123,735	85,600	30,753	88,179	202,587
Total Debt Issued	97,635	123,735	93,680	32,068	88,179	202,587
Short-Term Debt Repaid	-	-49,091	-	-	-44,424	-25,332
Long-Term Debt Repaid	-	-126,101	-137,935	-85,562	-111,745	-101,559
Total Debt Repaid	-198,556	-175,192	-137,935	-85,562	-156,169	-126,891
Net Debt Issued (Repaid)	-100,921	-51,457	-44,255	-53,494	-67,990	75,696
Repurchase of Common Stock	-3,126	-801	-	-	-	-
Common Dividends Paid	-39,508	-35,568	-27,694	-17,746	-7,248	-52
Other Financing Activities	-9,738	-8,401	-9,264	-14,324	6,095	42,800
Financing Cash Flow	-153,293	-96,227	-81,213	-85,564	-69,143	118,444
Foreign Exchange Rate Adjustments	-5,809	7,844	4,846	5,756	5,191	150
Miscellaneous Cash Flow Adjustments	-5,052	-4,860	140	266	-145	111
Net Cash Flow	33,210	-58,855	75,333	-57,117	-56,798	171,650
Free Cash Flow	168,695	34,995	110,419	20,728	12,362	21,577
Free Cash Flow Growth	-	-68.31%	432.70%	67.67%	-42.71%	-
Free Cash Flow Margin	6.78%	1.37%	4.34%	0.84%	0.59%	1.26%
Free Cash Flow Per Share	428.06	88.71	279.58	52.50	32.97	59.49
Cash Interest Paid	13,972	13,872	14,617	13,314	13,462	11,700
Cash Income Tax Paid	36,130	68,309	25,120	20,603	14,191	8,960
Levered Free Cash Flow	89,821	-75,250	100,666	-19,512	-53,632	33,812
Unlevered Free Cash Flow	98,533	-66,556	109,816	-11,172	-45,360	41,015
Change in Working Capital	51,325	-68,972	-58,749	-63,010	-4,517	82,528

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