Otsuka Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	63,381	53,481	47,448	40,022	39,927	39,309
Depreciation & Amortization	8,989	8,434	7,934	8,290	7,982	7,603
Loss (Gain) From Sale of Assets	58	94	-681	-395	-823	46
Asset Writedown & Restructuring Costs	85	85	245	1,120	220	143
Loss (Gain) From Sale of Investments	1,918	1,912	74	-596	-19	-225
Loss (Gain) on Equity Investments	-801	-862	-825	-661	-794	-390
Other Operating Activities	8,189	1,804	7,355	160	679	-3,042
Change in Accounts Receivable	-40,262	-45,839	-2,875	-23,806	9,342	4,560
Change in Inventory	-5,917	-36,182	6,595	-9,716	9,169	-9,651
Change in Accounts Payable	23,578	54,477	6,357	14,782	-5,419	-5,853
Change in Other Net Operating Assets	232	307	22	-4	-2,391	-4
Operating Cash Flow	59,450	37,711	71,649	29,196	57,873	32,496
Operating Cash Flow Growth	36.05%	-47.37%	145.41%	-49.55%	78.09%	-33.36%
Capital Expenditures	-4,570	-3,217	-3,990	-1,249	-5,203	-2,970
Sale of Property, Plant & Equipment	-	-	1,672	969	1,546	-
Sale (Purchase) of Intangibles	-14,757	-8,869	-6,356	-5,828	-5,679	-5,893
Investment in Securities	-138	-8	-12,278	-1,964	-160	124
Other Investing Activities	-224	145	-521	-133	354	23
Investing Cash Flow	-19,689	-11,949	-21,473	-8,355	-9,160	-8,716
Long-Term Debt Issued	-	-	1,700	-	-	-
Short-Term Debt Repaid	-	-100	-	-400	-	-
Long-Term Debt Repaid	-	-	-1,700	-	-	-
Total Debt Repaid	-	-100	-1,700	-400	-	-
Net Debt Issued (Repaid)	-	-100	-	-400	-	-
Common Dividends Paid	-47,399	-25,595	-23,691	-22,753	-21,797	-20,847
Other Financing Activities	-223	-196	-148	-154	-160	-141
Financing Cash Flow	-47,622	-25,891	-23,839	-23,307	-21,957	-20,988
Foreign Exchange Rate Adjustments	2	1	3	-4	2	-1
Miscellaneous Cash Flow Adjustments	2	1	-	-2	-	-2
Net Cash Flow	-7,857	-127	26,340	-2,472	26,758	2,789
Free Cash Flow	54,880	34,494	67,659	27,947	52,670	29,526
Free Cash Flow Growth	36.16%	-49.02%	142.10%	-46.94%	78.39%	-36.65%
Free Cash Flow Margin	4.25%	3.11%	6.92%	3.25%	6.18%	3.53%
Free Cash Flow Per Share	144.72	90.97	178.43	73.70	138.90	77.86
Cash Interest Paid	57	55	39	43	44	44
Cash Income Tax Paid	23,297	17,176	17,258	16,584	17,796	21,470
Levered Free Cash Flow	32,325	19,840	52,963	17,966	42,539	18,090
Unlevered Free Cash Flow	32,363	19,875	52,988	17,993	42,567	18,118
Change in Working Capital	-22,369	-27,237	10,099	-18,744	10,701	-10,948

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