Makita 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	Dec '25 Dec 31, 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	75,011	79,203	43,615	11,571	65,337	62,684
Depreciation & Amortization	29,825	29,757	28,925	25,889	21,002	16,491
Loss (Gain) From Sale of Assets	96	-129	-456	438	483	817
Other Operating Activities	-8,437	-17,478	-10,556	-27,552	-27,566	-14,026
Change in Accounts Receivable	3,758	8,792	4,940	12,488	-14,153	-21,481
Change in Inventory	-15,419	4,112	151,378	48,571	-175,557	-35,990
Change in Accounts Payable	2,455	6,124	4,661	-27,155	1,295	21,868
Change in Other Net Operating Assets	7,167	19,493	14,579	180	25,499	34,174
Operating Cash Flow	94,456	129,874	237,086	44,430	-103,660	64,537
Operating Cash Flow Growth	-39.90%	-45.22%	433.62%	-	-	12.61%
Capital Expenditures	-18,409	-17,594	-17,851	-39,088	-59,937	-49,855
Sale of Property, Plant & Equipment	933	930	1,691	933	725	136
Investment in Securities	-5,552	-22,149	-9,000	-450	31,006	6,380
Other Investing Activities	726	941	-459	925	315	426
Investing Cash Flow	-22,302	-37,872	-25,619	-37,680	-27,891	-42,913
Short-Term Debt Issued	-	-	-	104,874	75,169	-
Total Debt Issued	-	-	-	104,874	75,169	-
Short-Term Debt Repaid	-	-9,718	-171,379	-	-	-5,666
Total Debt Repaid	-14,357	-9,718	-171,379	-	-	-5,666
Net Debt Issued (Repaid)	-14,357	-9,718	-171,379	104,874	75,169	-5,666
Repurchase of Common Stock	-20,002	-3	-10,002	-1	-7	-4
Common Dividends Paid	-29,504	-18,025	-5,677	-19,550	-18,736	-14,390
Other Financing Activities	-170	-5,799	-4,219	-4,353	-3,800	-2,976
Financing Cash Flow	-64,033	-33,545	-191,277	80,970	52,626	-23,036
Foreign Exchange Rate Adjustments	14,759	-1,824	13,735	3,943	1,342	6,613
Miscellaneous Cash Flow Adjustments	-	1	-	-	-	-
Net Cash Flow	22,880	56,634	33,925	91,663	-77,583	5,201
Free Cash Flow	76,047	112,280	219,235	5,342	-163,597	14,682
Free Cash Flow Growth	-45.60%	-48.79%	4003.99%	-	-	13.80%
Free Cash Flow Margin	10.09%	14.91%	29.57%	0.70%	-22.13%	2.41%
Free Cash Flow Per Share	285.41	417.35	813.53	19.67	-602.50	54.07
Cash Interest Paid	1,193	1,341	1,680	2,140	673	356
Cash Income Tax Paid	29,980	22,275	15,455	33,093	27,306	16,353
Levered Free Cash Flow	-	75,365	164,943	-12,982	-178,938	-5,150
Unlevered Free Cash Flow	-	76,156	166,540	-11,650	-178,514	-4,928
Change in Working Capital	-2,039	38,521	175,558	34,084	-162,916	-1,429

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