Kuraray 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	7,468	53,176	61,273	77,997	58,697
Depreciation & Amortization	84,702	85,260	77,163	65,456	59,003
Loss (Gain) From Sale of Assets	3,337	22,134	5,549	1,835	2,752
Asset Writedown & Restructuring Costs	29,626	-	-	-	-
Loss (Gain) From Sale of Investments	-5,086	-1,526	-891	-2,614	-563
Other Operating Activities	-4,943	-18,145	-35,480	-20,676	-38,001
Change in Accounts Receivable	-8,854	2,199	2,111	-12,500	-13,437
Change in Inventory	-6,327	-17,259	8,363	-54,716	-17,537
Change in Accounts Payable	-1,332	6,238	-5,122	691	12,244
Change in Other Net Operating Assets	-	6,217	16,332	-3,746	15,063
Operating Cash Flow	98,591	138,294	129,298	51,727	78,221
Operating Cash Flow Growth	-28.71%	6.96%	149.96%	-33.87%	-2.16%
Capital Expenditures	-94,177	-71,383	-59,027	-71,635	-68,408
Sale of Property, Plant & Equipment	-	-4,396	-1,310	-409	-1,682
Investment in Securities	7,005	2,125	1,907	6,686	7,409
Other Investing Activities	-10,957	-2,354	-4,721	-3,266	-2,914
Investing Cash Flow	-98,129	-76,008	-63,151	-68,624	-65,595
Short-Term Debt Issued	32,270	-	5,413	10,000	-
Long-Term Debt Issued	35,000	-	-	59,375	6,212
Total Debt Issued	67,270	-	5,413	69,375	6,212
Short-Term Debt Repaid	-	-16,392	-10,000	-	-20,000
Long-Term Debt Repaid	-28,024	-24,959	-40,801	-55,013	-20,029
Total Debt Repaid	-28,024	-41,351	-50,801	-55,013	-40,029
Net Debt Issued (Repaid)	39,246	-41,351	-45,388	14,362	-33,817
Issuance of Common Stock	-	-	-	-	82
Repurchase of Common Stock	-30,004	-20,004	-4	-10,002	-2
Common Dividends Paid	-17,367	-17,292	-16,066	-13,908	-13,414
Other Financing Activities	-8,180	-3,857	-3,501	-2,505	-296
Financing Cash Flow	-16,305	-82,504	-64,959	-12,053	-47,447
Foreign Exchange Rate Adjustments	2,464	8,848	4,858	4,943	4,224
Miscellaneous Cash Flow Adjustments	1	-600	-	137	1
Net Cash Flow	-13,378	-11,970	6,046	-23,870	-30,596
Free Cash Flow	4,414	66,911	70,271	-19,908	9,813
Free Cash Flow Growth	-93.40%	-4.78%	-	-	-
Free Cash Flow Margin	0.55%	8.09%	9.00%	-2.63%	1.56%
Free Cash Flow Per Share	13.95	203.04	209.77	-59.02	28.50
Cash Interest Paid	1,820	2,090	2,257	1,186	1,537
Cash Income Tax Paid	22,799	18,943	23,180	19,453	14,127
Levered Free Cash Flow	-	49,253	51,244	-37,163	-1,252
Unlevered Free Cash Flow	-	50,964	53,004	-36,252	-235.38
Change in Working Capital	-16,513	-2,605	21,684	-70,271	-3,667

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