Otsuka Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	363,150	335,854	-	-	163,638
Depreciation & Amortization	116,167	107,979	-	-	84,855
Loss (Gain) From Sale of Assets	-	126,040	-	-	6,479
Asset Writedown & Restructuring Costs	26,426	-	-	-	-
Loss (Gain) on Equity Investments	-33,696	-33,614	-	-	-8,508
Other Operating Activities	56,438	-104,516	-	-	-54,663
Change in Accounts Receivable	-42,470	-9,510	-	-	13,322
Change in Inventory	-53,471	-38,578	-	-	6,505
Change in Accounts Payable	-4,077	-14,635	-	-	-12,162
Change in Other Net Operating Assets	-24,888	-14,382	-	-	29,398
Operating Cash Flow	403,579	354,638	-	-	228,864
Operating Cash Flow Growth	13.80%	-	-	-	-
Capital Expenditures	-87,841	-95,558	-	-	-52,453
Sale of Property, Plant & Equipment	588	689	-	-	1,697
Cash Acquisitions	-87,279	-115,558	-	-	-8,035
Sale (Purchase) of Intangibles	-53,828	-33,804	-	-	-60,699
Investment in Securities	70,353	-22,466	-	-	22,082
Other Investing Activities	-3,578	904	-	-	2,120
Investing Cash Flow	-161,585	-265,793	-	-	-95,288
Short-Term Debt Issued	720	-	-	-	10
Long-Term Debt Issued	30,000	20,150	-	-	220
Total Debt Issued	30,720	20,150	-	-	230
Short-Term Debt Repaid	-	-41,069	-	-	-
Long-Term Debt Repaid	-26,021	-26,224	-	-	-21,131
Total Debt Repaid	-26,021	-67,293	-	-	-21,131
Net Debt Issued (Repaid)	4,699	-47,143	-	-	-20,901
Repurchase of Common Stock	-70,096	-50,016	-	-	-1
Common Dividends Paid	-70,975	-66,763	-	-	-55,984
Other Financing Activities	-972	-25,445	-	-	-18,958
Financing Cash Flow	-137,344	-189,367	-	-	-95,844
Foreign Exchange Rate Adjustments	3,822	13,354	-	-	16,101
Net Cash Flow	108,472	-87,168	-	-	53,833
Free Cash Flow	315,738	259,080	-	-	176,411
Free Cash Flow Growth	21.87%	-	-	-	-
Free Cash Flow Margin	12.79%	11.12%	-	-	11.77%
Free Cash Flow Per Share	595.62	478.54	-	-	325.25
Cash Interest Paid	4,570	6,456	-	-	2,662
Cash Income Tax Paid	73,972	111,217	-	-	52,144
Levered Free Cash Flow	191,033	131,995	-	-	115,730
Unlevered Free Cash Flow	207,928	135,858	-	-	117,363
Change in Working Capital	-124,906	-77,105	-	-	37,063

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