Japan Exchange Group Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	90,277	87,404	68,207	73,429	74,732
Depreciation & Amortization	18,361	18,298	18,971	17,525	16,783
Loss (Gain) on Equity Investments	-1,034	-1,427	-1,319	-1,067	-2,263
Other Operating Activities	-21,436	-22,100	-17,478	-29,630	-20,563
Change in Accounts Receivable	-240	-3,526	-653	-369	1,750
Change in Accounts Payable	1,003	-2,185	171	295	-288
Change in Other Net Operating Assets	-795	3,102	-1,021	-1,992	1,599
Operating Cash Flow	86,136	79,566	66,878	58,191	71,750
Operating Cash Flow Growth	8.26%	18.97%	14.93%	-18.90%	26.14%
Capital Expenditures	-1,716	-6,551	-565	-2,344	-2,880
Sale of Property, Plant & Equipment	3	7,704	-	-	-
Cash Acquisitions	-	-	-1,904	-	-
Sale (Purchase) of Intangibles	-13,437	-9,043	-10,736	-12,586	-12,558
Investment in Securities	-46,100	1,590	5,600	1,544	13,819
Other Investing Activities	27	-866	-917	87	106
Investing Cash Flow	-61,223	-7,166	-8,522	-13,299	-1,513
Repurchase of Common Stock	-728	-3,367	-12,006	-20,339	-366
Common Dividends Paid	-48,572	-35,562	-38,057	-36,269	-30,035
Other Financing Activities	-5,198	-4,266	-2,835	-3,139	-3,531
Financing Cash Flow	-54,498	-43,195	-52,898	-59,747	-33,932
Foreign Exchange Rate Adjustments	-5	2	-	-	19
Miscellaneous Cash Flow Adjustments	-	-	-1	-	-
Net Cash Flow	-29,590	29,207	5,457	-14,855	36,324
Free Cash Flow	84,420	73,015	66,313	55,847	68,870
Free Cash Flow Growth	15.62%	10.11%	18.74%	-18.91%	23.68%
Free Cash Flow Margin	52.04%	47.76%	49.49%	41.24%	51.65%
Free Cash Flow Per Share	81.14	70.16	62.99	52.74	64.33
Cash Interest Paid	165	101	90	96	93
Cash Income Tax Paid	21,620	22,516	17,855	29,912	20,794
Levered Free Cash Flow	15,805	61,962	58,850	39,878	50,101
Unlevered Free Cash Flow	15,909	62,025	58,906	39,938	50,158
Change in Working Capital	-32	-2,609	-1,503	-2,066	3,061

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