KOSE Holdings 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	15,114	18,656	19,506	27,867	28,447
Depreciation & Amortization	12,524	10,883	10,582	10,702	11,236
Loss (Gain) From Sale of Assets	-2,199	-1,586	409	307	569.33
Asset Writedown & Restructuring Costs	534	-	-	-	-
Loss (Gain) From Sale of Investments	-119	2	-1	50	33.33
Other Operating Activities	-654	-6,725	-8,176	-6,180	-8,916
Change in Accounts Receivable	-5,982	-3,776	8,711	-7,444	-5,351
Change in Inventory	-3,280	1,314	-329	-3,008	-6,056
Change in Accounts Payable	1,868	-7,150	1,591	2,082	3,821
Change in Other Net Operating Assets	-6,668	6,761	-1,850	-4,115	-52
Operating Cash Flow	11,138	18,379	30,443	20,261	23,732
Operating Cash Flow Growth	-39.40%	-39.63%	50.25%	-14.63%	1.94%
Capital Expenditures	-17,062	-18,761	-3,383	-4,250	-3,925
Sale of Property, Plant & Equipment	3,133	2,758	82	310	182.67
Cash Acquisitions	-84	-11,588	-	-	-
Sale (Purchase) of Intangibles	-4,275	-2,286	-2,143	-2,851	-2,189
Investment in Securities	622	20,905	-5,382	406	-24
Other Investing Activities	-	63	-303	157	-296
Investing Cash Flow	-17,744	-8,932	-11,227	-6,311	-6,296
Short-Term Debt Issued	-	-	-	781	-
Total Debt Issued	-	-	-	781	326.67
Short-Term Debt Repaid	-	-	-897	-	-
Long-Term Debt Repaid	-	-	-196	-98	-
Total Debt Repaid	-	-	-1,093	-98	-9,529
Net Debt Issued (Repaid)	-	-	-1,093	683	-9,203
Repurchase of Common Stock	-	-2	9	-3	-
Common Dividends Paid	-7,989	-7,988	-7,987	-7,416	-9,127
Other Financing Activities	-2,011	-694	-606	-577	-741.33
Financing Cash Flow	-10,000	-8,684	-9,677	-7,313	-19,071
Foreign Exchange Rate Adjustments	-403	1,325	2,067	5,551	4,068
Miscellaneous Cash Flow Adjustments	-1	-	-1	-1	-
Net Cash Flow	-17,010	2,088	11,605	12,187	2,433
Free Cash Flow	-5,924	-382	27,060	16,011	19,807
Free Cash Flow Growth	-	-	69.01%	-19.16%	35.45%
Free Cash Flow Margin	-1.79%	-0.12%	9.01%	5.54%	6.60%
Free Cash Flow Per Share	-103.80	-6.69	474.27	280.64	347.19
Cash Interest Paid	62	13	16	67	13.33
Cash Income Tax Paid	8,838	6,546	7,872	5,646	11,149
Levered Free Cash Flow	-15,393	-1,548	22,316	8,453	-
Unlevered Free Cash Flow	-15,366	-1,544	22,323	8,490	-
Change in Working Capital	-14,062	-2,851	8,123	-12,485	-7,637

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.