Integral 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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Net Income	22,070	25,985	10,919	-	-	-	Upgrade
Depreciation & Amortization	289	205	185	-	-	-	Upgrade
Other Operating Activities	-7,479	-2,315	-428	-	-	-	Upgrade
Change in Accounts Receivable	2,290	-9,640	119	-	-	-	Upgrade
Change in Accounts Payable	37	56	258	-	-	-	Upgrade
Change in Other Net Operating Assets	-9,036	-8,473	-5,427	-	-	-	Upgrade
Operating Cash Flow	8,171	5,818	5,626	-	-	-	Upgrade
Operating Cash Flow Growth	-	3.41%	-	-	-	-	Upgrade
Capital Expenditures	-94	-11	-5	-	-	-	Upgrade
Other Investing Activities	-91	-91	-	-	-	-	Upgrade
Investing Cash Flow	-185	-102	-5	-	-	-	Upgrade
Long-Term Debt Issued	-	2,255	2,550	-	-	-	Upgrade
Long-Term Debt Repaid	-	-4,280	-4,200	-	-	-	Upgrade
Net Debt Issued (Repaid)	-1,181	-2,025	-1,650	-	-	-	Upgrade
Issuance of Common Stock	63	52	12,783	-	-	-	Upgrade
Dividends Paid	-1,135	-398	-	-	-	-	Upgrade
Other Financing Activities	-169	-130	-141	-	-	-	Upgrade
Financing Cash Flow	-2,422	-2,501	10,992	-	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	-	-	-	-	Upgrade
Net Cash Flow	5,563	3,214	16,613	-	-	-	Upgrade
Free Cash Flow	8,077	5,807	5,621	-	-	-	Upgrade
Free Cash Flow Growth	-	3.31%	-	-	-	-	Upgrade
Free Cash Flow Margin	30.48%	18.60%	39.93%	-	-	-	Upgrade
Free Cash Flow Per Share	228.44	163.78	181.02	-	-	-	Upgrade
Cash Interest Paid	140	63	93	-	-	-	Upgrade
Cash Income Tax Paid	7,469	2,284	417	-	-	-	Upgrade
Levered Free Cash Flow	12,518	9,896	8,422	-	-	-	Upgrade
Unlevered Free Cash Flow	12,705	10,055	8,473	-	-	-	Upgrade
Change in Working Capital	-6,709	-18,057	-5,050	-	-	-	Upgrade

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