Toyo Tanso 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	7,594	13,734	10,317	7,298	6,130
Depreciation & Amortization	4,353	3,725	3,375	3,153	2,952
Loss (Gain) From Sale of Assets	331	188	249	102	148
Loss (Gain) on Equity Investments	-416	-440	-304	-158	-83
Other Operating Activities	-3,741	-2,869	-2,796	-1,653	-978
Change in Accounts Receivable	1,930	478	-459	-2,021	-2,093
Change in Inventory	-3,053	-4,205	-2,883	-1,959	221
Change in Accounts Payable	-975	-738	-65	-127	465
Change in Other Net Operating Assets	42	-384	-1,218	990	566
Operating Cash Flow	6,065	9,489	6,216	5,625	7,328
Operating Cash Flow Growth	-36.08%	52.65%	10.51%	-23.24%	4.39%
Capital Expenditures	-11,836	-6,708	-4,698	-4,219	-5,076
Sale of Property, Plant & Equipment	244	15	108	13	5
Cash Acquisitions	-	-	-	-269	-
Sale (Purchase) of Intangibles	-332	-449	-276	-91	-101
Investment in Securities	695	917	2,296	-612	-1,029
Other Investing Activities	-85	-87	-123	-75	-51
Investing Cash Flow	-11,314	-6,312	-2,693	-5,253	-6,252
Short-Term Debt Issued	831	-	-	101	-
Long-Term Debt Issued	5,400	-	-	-	-
Total Debt Issued	6,231	-	-	101	-
Short-Term Debt Repaid	-	-	-297	-	-30
Long-Term Debt Repaid	-555	-	-9	-34	-32
Total Debt Repaid	-555	-	-306	-34	-62
Net Debt Issued (Repaid)	5,676	-	-306	67	-62
Common Dividends Paid	-3,037	-2,305	-1,467	-1,259	-1,048
Other Financing Activities	-241	-258	-197	-196	-151
Financing Cash Flow	2,398	-2,563	-1,970	-1,388	-1,261
Foreign Exchange Rate Adjustments	267	437	276	320	561
Miscellaneous Cash Flow Adjustments	2	-	-1	-	-
Net Cash Flow	-2,582	1,051	1,828	-696	376
Free Cash Flow	-5,771	2,781	1,518	1,406	2,252
Free Cash Flow Growth	-	83.20%	7.97%	-37.57%	171.32%
Free Cash Flow Margin	-12.49%	5.24%	3.08%	3.21%	5.97%
Free Cash Flow Per Share	-275.17	132.60	72.38	67.04	107.38
Cash Interest Paid	77	43	24	34	28
Cash Income Tax Paid	3,964	3,025	2,879	1,692	997
Levered Free Cash Flow	-10,437	4,789	-116.13	-890.5	-16.25
Unlevered Free Cash Flow	-10,396	4,811	-100.5	-869.88	1.25
Change in Working Capital	-2,056	-4,849	-4,625	-3,117	-841

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