COVER 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	2019 - 2020
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	2019 - 2020
Net Income	7,448	5,722	3,352	-	-	Upgrade
Depreciation & Amortization	958	476	112	-	-	Upgrade
Loss (Gain) From Sale of Assets	164	-	32	-	-	Upgrade
Other Operating Activities	-1,920	-1,076	-539	-	-	Upgrade
Change in Accounts Receivable	-1,919	-282	-1,246	-	-	Upgrade
Change in Inventory	-2,129	-662	-81	-	-	Upgrade
Change in Accounts Payable	459	176	1,133	-	-	Upgrade
Change in Other Net Operating Assets	2,224	411	2,103	-	-	Upgrade
Operating Cash Flow	5,285	4,765	4,866	-	-	Upgrade
Operating Cash Flow Growth	10.91%	-2.08%	-	-	-	Upgrade
Capital Expenditures	-623	-2,429	-1,463	-	-	Upgrade
Cash Acquisitions	-	-146	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-1,852	-1,267	-899	-	-	Upgrade
Investment in Securities	-55	-	-	-	-	Upgrade
Other Investing Activities	-166	-51	-397	-	-	Upgrade
Investing Cash Flow	-2,696	-3,893	-2,759	-	-	Upgrade
Issuance of Common Stock	244	-	1,040	-	-	Upgrade
Financing Cash Flow	244	-	1,040	-	-	Upgrade
Foreign Exchange Rate Adjustments	-1	1	-	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-	Upgrade
Net Cash Flow	2,831	873	3,148	-	-	Upgrade
Free Cash Flow	4,662	2,336	3,403	-	-	Upgrade
Free Cash Flow Growth	99.57%	-31.36%	-	-	-	Upgrade
Free Cash Flow Margin	10.74%	7.74%	16.64%	-	-	Upgrade
Free Cash Flow Per Share	69.61	34.89	52.04	-	-	Upgrade
Cash Income Tax Paid	1,919	1,237	541	-	-	Upgrade
Levered Free Cash Flow	2,762	-173.75	2,563	-	-	Upgrade
Unlevered Free Cash Flow	2,762	-173.75	2,563	-	-	Upgrade
Change in Net Working Capital	722	415	-2,677	-2,087	-	Upgrade

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.