Dentsu Soken 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	16,365	21,351	20,951	17,651	13,171
Depreciation & Amortization	4,603	3,820	3,200	3,103	2,989
Loss (Gain) From Sale of Assets	-	67	102	-	-
Loss (Gain) From Sale of Investments	-16	-326	191	82	53
Loss (Gain) on Equity Investments	-53	81	55	230	392
Other Operating Activities	1,213	-5,860	-5,699	-5,732	-4,131
Change in Accounts Receivable	-4,142	2,568	-4,932	-5,729	1,377
Change in Inventory	-4,804	-43	73	-69	592
Change in Accounts Payable	4,811	892	413	4,051	4,191
Change in Unearned Revenue	974	-	-	-	-
Change in Other Net Operating Assets	113	1,171	-1,308	-1,673	-1,653
Operating Cash Flow	19,064	23,721	13,046	11,914	16,981
Operating Cash Flow Growth	-19.63%	81.83%	9.50%	-29.84%	70.03%
Capital Expenditures	-311	-333	-184	-458	-291
Cash Acquisitions	-	-9,168	25	-15	-
Sale (Purchase) of Intangibles	-2,422	-2,848	-2,194	-2,430	-2,148
Investment in Securities	-115	423	-138	-385	-248
Other Investing Activities	-108	40	132	156	64
Investing Cash Flow	-2,956	-11,886	-2,359	-3,132	-2,815
Long-Term Debt Repaid	-904	-	-	-	-
Net Debt Issued (Repaid)	-904	-	-	-	-
Issuance of Common Stock	226	12	7	-	-
Repurchase of Common Stock	-576	-	-1	-384	-
Common Dividends Paid	-7,298	-7,168	-5,799	-4,105	-3,290
Other Financing Activities	-	-826	-909	-930	-1,171
Financing Cash Flow	-8,552	-7,982	-6,702	-5,419	-4,461
Foreign Exchange Rate Adjustments	141	353	225	194	242
Miscellaneous Cash Flow Adjustments	-	-	-	-1	28
Net Cash Flow	7,697	4,206	4,210	3,556	9,975
Free Cash Flow	18,753	23,388	12,862	11,456	16,690
Free Cash Flow Growth	-19.82%	81.84%	12.27%	-31.36%	71.83%
Free Cash Flow Margin	11.38%	15.32%	9.02%	8.88%	14.89%
Free Cash Flow Per Share	96.06	119.80	65.89	58.66	85.37
Cash Interest Paid	40	36	27	22	37
Cash Income Tax Paid	6,271	5,839	5,693	5,735	4,129
Levered Free Cash Flow	8,703	18,661	8,453	7,596	14,179
Unlevered Free Cash Flow	8,728	18,683	8,470	7,610	14,200
Change in Working Capital	-3,048	4,588	-5,754	-3,420	4,507

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