Japan Post Insurance 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	159,557	116,940	121,244	137,829	220,579	233,537
Depreciation & Amortization	37,610	39,113	41,217	39,490	54,562	59,387
Gain (Loss) on Sale of Assets	161	217	174	263	-5,440	119
Gain (Loss) on Sale of Investments	137,194	82,795	26,753	128,092	29,432	22,147
Change in Insurance Reserves / Liabilities	-2,450,432	-1,806,179	-3,041,901	-3,007,456	-2,880,677	-2,937,648
Change in Other Net Operating Assets	-107,851	12,930	-113,236	-84,812	38,457	17,590
Other Operating Activities	-71,695	-72,729	-97,419	-191,504	-212,597	-201,434
Operating Cash Flow	-2,297,147	-1,627,842	-3,063,168	-2,978,098	-2,755,684	-2,806,302
Capital Expenditures	-6,448	-12,357	-48,738	-3,990	-3,772	-3,838
Sale of Property, Plant & Equipment	27	16	10	-	13,162	-
Purchase / Sale of Intangible Assets	-42,249	-45,390	-37,791	-28,251	-25,884	-28,487
Investment in Securities	1,626,363	896,083	2,434,551	3,276,445	1,751,648	957,485
Other Investing Activities	408,722	796,838	49,244	-673,527	664,418	930,459
Investing Cash Flow	2,442,611	2,386,460	2,721,796	3,216,799	3,111,700	2,554,274
Long-Term Debt Issued	-	99,383	99,383	-	-	198,798
Net Debt Issued (Repaid)	-	99,383	99,383	-	-	198,798
Issuance of Common Stock	-	-	4	-	-	-
Repurchases of Common Stock	-34,999	-	-	-35,739	-358,882	-
Common Dividends Paid	-39,839	-37,933	-35,620	-35,888	-60,673	-21,385
Other Financing Activities	-1,271	-1,307	-1,598	-1,312	-713	-670
Financing Cash Flow	-76,109	60,143	62,169	-72,939	-420,268	176,743
Miscellaneous Cash Flow Adjustments	-	-	1	-	-	2
Net Cash Flow	69,355	818,761	-279,202	165,762	-64,252	-75,283
Free Cash Flow	-2,303,595	-1,640,199	-3,111,906	-2,982,088	-2,759,456	-2,810,140
Free Cash Flow Margin	-74.51%	-43.37%	-104.57%	-89.45%	-78.22%	-73.67%
Free Cash Flow Per Share	-6106.80	-4284.98	-8130.45	-7621.56	-6549.11	-4996.44
Cash Interest Paid	20,525	10,826	4,862	4,524	2,457	2,041
Cash Income Tax Paid	1,008	-	-	78,594	79,482	88,635
Levered Free Cash Flow	-407,021	355,816	-1,040,314	593,509	505,228	-391,197
Unlevered Free Cash Flow	-392,657	364,341	-1,037,194	596,409	506,698	-389,752
Change in Working Capital	-2,558,283	-1,793,249	-3,155,137	-3,092,268	-2,842,220	-2,920,058

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