Nitto Denko 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	134,251	185,329	138,901	146,840	132,378	93,320
Depreciation & Amortization	68,932	65,595	60,811	57,362	50,211	47,950
Loss (Gain) From Sale of Assets	-	12,339	1,651	4,036	5,986	6,011
Other Operating Activities	-15,351	-36,042	-42,441	-36,869	-34,996	-13,419
Change in Accounts Receivable	-1,746	-3,791	-19,033	44,492	-10,118	-21,058
Change in Inventory	-5,544	-8,526	11,769	-2,230	-14,000	-7,607
Change in Accounts Payable	2,293	2,369	3,804	-15,779	440	9,234
Change in Other Net Operating Assets	1,340	635	59	-16,150	14,588	1,878
Operating Cash Flow	192,921	217,908	155,521	181,702	144,489	116,309
Operating Cash Flow Growth	-10.57%	40.12%	-14.41%	25.75%	24.23%	-5.93%
Capital Expenditures	-102,047	-106,003	-67,774	-65,921	-58,958	-57,724
Sale of Property, Plant & Equipment	3,228	208	602	350	881	341
Cash Acquisitions	-206	-6,256	-	-96,966	-269	-880
Divestitures	-	-	1,871	-	-	-
Investment in Securities	-11,431	-3,078	-2,637	2,579	-230	554
Other Investing Activities	26	24	11	52	982	171
Investing Cash Flow	-110,430	-115,105	-67,927	-159,906	-57,594	-57,538
Short-Term Debt Issued	-	109	72	29	-	428
Total Debt Issued	61	109	72	29	-	428
Short-Term Debt Repaid	-	-	-	-	-315	-
Total Debt Repaid	-6,101	-	-	-	-315	-
Net Debt Issued (Repaid)	-6,040	109	72	29	-315	428
Repurchase of Common Stock	-80,331	-35,062	-47,167	-18,008	-	-33,312
Common Dividends Paid	-39,667	-38,040	-36,041	-34,046	-31,076	-30,188
Other Financing Activities	-14	-5,897	-7,648	-5,602	-5,248	-5,225
Financing Cash Flow	-126,052	-78,890	-90,784	-57,627	-36,639	-68,297
Foreign Exchange Rate Adjustments	6,668	-2,837	13,573	5,671	10,901	5,492
Miscellaneous Cash Flow Adjustments	-1	-2	1,919	-1,919	-	-
Net Cash Flow	-36,894	21,074	12,302	-32,079	61,157	-4,034
Free Cash Flow	90,874	111,905	87,747	115,781	85,531	58,585
Free Cash Flow Growth	-23.93%	27.53%	-24.21%	35.37%	46.00%	-8.24%
Free Cash Flow Margin	8.89%	11.04%	9.59%	12.46%	10.02%	7.70%
Free Cash Flow Per Share	132.94	159.55	122.94	156.64	115.53	78.81
Cash Interest Paid	1,035	809	609	538	535	617
Cash Income Tax Paid	56,638	34,304	41,030	38,748	30,445	24,560
Levered Free Cash Flow	46,433	76,487	68,761	72,870	44,631	29,135
Unlevered Free Cash Flow	48,125	77,198	69,347	73,315	45,068	29,616
Change in Working Capital	-3,657	-9,313	-3,401	10,333	-9,090	-17,553

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