Hoshizaki Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	55,291	48,378	34,632	31,231	17,288
Depreciation & Amortization	11,137	7,550	6,215	5,230	5,470
Loss (Gain) From Sale of Assets	-	1,999	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-116	125
Loss (Gain) on Equity Investments	-250	1,316	871	-141	-
Other Operating Activities	-17,582	-15,811	-13,711	-4,461	-6,919
Change in Accounts Receivable	-6,080	-3,821	-5,445	-2,472	5,384
Change in Inventory	-4,037	3,133	-16,925	-5,157	3,034
Change in Accounts Payable	2,104	-3,794	4,580	5,790	-4,157
Change in Other Net Operating Assets	6,761	-1,252	-5,047	-2,561	509
Operating Cash Flow	47,344	37,698	5,170	27,343	20,734
Operating Cash Flow Growth	25.59%	629.17%	-81.09%	31.87%	-31.92%
Capital Expenditures	-9,531	-6,132	-5,156	-3,225	-3,212
Cash Acquisitions	-	-	-18,748	-	-
Sale (Purchase) of Intangibles	-1,136	-916	-444	-206	-199
Investment in Securities	-26,532	10,300	26,458	8,272	2,192
Other Investing Activities	-174	34	-169	397	-10
Investing Cash Flow	-37,373	3,286	1,941	5,238	-1,229
Short-Term Debt Issued	-	287	-	-	-
Total Debt Issued	-	287	-	-	-
Short-Term Debt Repaid	-1,409	-	-	-	-
Long-Term Debt Repaid	-1,631	-	-690	-	-
Total Debt Repaid	-3,040	-	-690	-	-
Net Debt Issued (Repaid)	-3,040	287	-690	-	-
Repurchase of Common Stock	-20,189	-	-	-	-
Common Dividends Paid	-15,874	-10,138	-12,306	-7,968	-7,961
Other Financing Activities	-1,068	-504	-353	-154	-320
Financing Cash Flow	-40,171	-10,355	-13,349	-8,122	-8,281
Foreign Exchange Rate Adjustments	15,252	8,673	11,290	8,323	-5,193
Miscellaneous Cash Flow Adjustments	2,267	1,100	1	-	-2
Net Cash Flow	-12,681	40,402	5,053	32,782	6,029
Free Cash Flow	37,813	31,566	14	24,118	17,522
Free Cash Flow Growth	19.79%	225371.43%	-99.94%	37.64%	-34.22%
Free Cash Flow Margin	8.49%	8.45%	0.00%	8.79%	7.35%
Free Cash Flow Per Share	262.96	217.90	0.10	166.51	120.97
Cash Interest Paid	1,717	70	45	45	37
Cash Income Tax Paid	17,898	14,229	13,594	4,663	7,953
Levered Free Cash Flow	13,874	21,864	-5,678	21,645	13,176
Unlevered Free Cash Flow	14,940	21,914	-5,652	21,672	13,197
Change in Working Capital	-1,252	-5,734	-22,837	-4,400	4,770

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.