Nihon M&A Center Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	16,929	16,519	15,472	16,661	15,616
Depreciation & Amortization	158	174	227	164	139
Loss (Gain) From Sale of Assets	-	-	-	-2	-
Loss (Gain) From Sale of Investments	-	-	-	-	-147
Loss (Gain) on Equity Investments	-180	-428	-87	-111	-107
Other Operating Activities	-3,750	-6,662	-5,563	-6,322	-4,384
Change in Accounts Receivable	-34	355	-1,538	1,589	-672
Change in Accounts Payable	326	352	72	-118	575
Change in Other Net Operating Assets	-333	237	-430	-762	438
Operating Cash Flow	13,116	10,547	8,153	11,099	11,458
Operating Cash Flow Growth	24.36%	29.36%	-26.54%	-3.13%	11.10%
Capital Expenditures	-48	-87	-179	-165	-88
Cash Acquisitions	-140	-80	-	-	11
Sale (Purchase) of Intangibles	-23	-43	-139	-89	-51
Investment in Securities	12,280	-19,304	-2,843	124	20,667
Other Investing Activities	998	1,290	-838	400	1,785
Investing Cash Flow	11,982	-18,224	-3,999	270	22,324
Long-Term Debt Issued	499	7,000	-	-	-
Long-Term Debt Repaid	-1,400	-700	-	-500	-1,056
Total Debt Repaid	-1,400	-700	-	-500	-1,056
Net Debt Issued (Repaid)	-901	6,300	-	-500	-1,056
Issuance of Common Stock	59	-	519	10	2,383
Repurchase of Common Stock	-	-13,999	-	-	-
Common Dividends Paid	-8,247	-7,537	-6,613	-5,453	-4,593
Other Financing Activities	336	4	1	-	171
Financing Cash Flow	-8,753	-15,232	-6,093	-5,943	-3,095
Foreign Exchange Rate Adjustments	66	50	38	10	-2
Miscellaneous Cash Flow Adjustments	-	-237	1	1	-
Net Cash Flow	16,411	-23,096	-1,900	5,437	30,685
Free Cash Flow	13,068	10,460	7,974	10,934	11,370
Free Cash Flow Growth	24.93%	31.18%	-27.07%	-3.84%	12.04%
Free Cash Flow Margin	29.65%	23.70%	19.30%	27.06%	32.68%
Free Cash Flow Per Share	41.20	32.22	24.07	32.72	34.20
Cash Interest Paid	18	8	-	-	3
Cash Income Tax Paid	3,769	6,736	5,614	6,266	4,394
Levered Free Cash Flow	12,519	9,960	7,866	9,980	10,912
Unlevered Free Cash Flow	12,537	9,969	7,866	9,980	10,914
Change in Working Capital	-41	944	-1,896	709	341

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