Business Engineering Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	5,880	4,679	3,877	3,250	2,442	2,025
Depreciation & Amortization	857	825	703	699	691	720
Loss (Gain) From Sale of Investments	-239	-	-	-	-	-
Other Operating Activities	-1,530	-1,565	-768	-1,024	-674	-591
Change in Accounts Receivable	-1,155	-750	-265	207	-296	290
Change in Inventory	1	-11	-6	4	60	-72
Change in Accounts Payable	250	33	-176	242	-239	36
Change in Other Net Operating Assets	627	311	188	-100	303	131
Operating Cash Flow	4,691	3,522	3,553	3,278	2,287	2,539
Operating Cash Flow Growth	39.99%	-0.87%	8.39%	43.33%	-9.93%	21.60%
Capital Expenditures	-77	-108	-51	-32	-64	-34
Sale (Purchase) of Intangibles	-1,075	-1,009	-935	-679	-668	-725
Investment in Securities	192	-294	-137	-	-	-95
Other Investing Activities	-66	-65	-4	15	19	37
Investing Cash Flow	-1,026	-1,476	-1,127	-696	-713	-817
Short-Term Debt Issued	-	-	-	-	-	200
Long-Term Debt Issued	-	-	-	-	-	170
Total Debt Issued	-	-	-	-	-	370
Short-Term Debt Repaid	-	-	-	-	-200	-
Long-Term Debt Repaid	-	-	-	-	-170	-8
Total Debt Repaid	-	-	-	-	-370	-8
Net Debt Issued (Repaid)	-	-	-	-	-370	362
Issuance of Common Stock	-	-	-	-	170	131
Repurchase of Common Stock	-	-	-80	-	-	-1
Common Dividends Paid	-1,198	-1,054	-898	-544	-497	-283
Other Financing Activities	-10	-11	-25	-5	-4	-13
Financing Cash Flow	-1,208	-1,065	-1,003	-549	-701	196
Foreign Exchange Rate Adjustments	19	-16	-7	-11	-4	-
Miscellaneous Cash Flow Adjustments	-	-	-2	-1	-2	-
Net Cash Flow	2,476	965	1,414	2,021	867	1,918
Free Cash Flow	4,614	3,414	3,502	3,246	2,223	2,505
Free Cash Flow Growth	41.32%	-2.51%	7.89%	46.02%	-11.26%	22.43%
Free Cash Flow Margin	20.09%	16.43%	17.96%	17.54%	12.52%	14.03%
Free Cash Flow Per Share	77.06	57.02	58.44	54.10	37.18	42.34
Cash Interest Paid	3	3	2	2	4	3
Cash Income Tax Paid	1,531	1,565	767	1,027	675	591
Levered Free Cash Flow	3,289	2,120	2,429	2,187	1,584	1,662
Unlevered Free Cash Flow	3,291	2,122	2,430	2,188	1,586	1,664
Change in Working Capital	-277	-417	-259	353	-172	385

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