SBI Holdings 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	Dec '25 Dec 31, 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	410,099	282,290	141,569	100,753	412,724	140,380
Depreciation & Amortization	65,723	60,794	55,432	56,129	32,207	24,291
Loss (Gain) on Equity Investments	-26,941	-29,474	-14,513	-6,376	-6,822	-9,458
Other Operating Activities	-272,860	-31,979	-26,979	-21,361	-43,996	-24,851
Change in Accounts Receivable	-1,543,395	-2,278,250	-1,013,112	-1,863,760	-538,015	-377,956
Change in Accounts Payable	100,316	-5,009	141,447	-42,502	25,653	88,237
Change in Other Net Operating Assets	3,599,580	3,510,373	2,061,896	2,737,860	-195,797	-19,046
Operating Cash Flow	2,332,522	1,508,745	1,345,740	960,743	-314,046	-178,403
Operating Cash Flow Growth	30.74%	12.11%	40.07%	-	-	-
Cash Acquisitions	99,240	109,452	-7,030	-6,597	1,734,730	-8,026
Divestitures	-298	2,327	2,499	16	718	-
Sale (Purchase) of Intangibles	-47,120	-51,757	-43,480	-37,568	-25,965	-15,419
Investment in Securities	-942,747	-1,176,144	9,802	-921,942	191,193	-36,657
Other Investing Activities	-23,564	-4,161	-8,774	-83,384	-31,849	-1,657
Investing Cash Flow	-923,538	-1,060,455	-65,116	-1,075,054	1,838,517	-82,071
Short-Term Debt Issued	-	310,178	-	375,205	-	69,808
Long-Term Debt Issued	-	3,893,857	2,212,353	1,528,915	695,415	283,060
Total Debt Issued	3,617,613	4,204,035	2,212,353	1,904,120	695,415	352,868
Short-Term Debt Repaid	-	-	-146,991	-	-257,418	-
Long-Term Debt Repaid	-	-3,487,272	-1,904,242	-1,134,142	-243,381	-134,529
Total Debt Repaid	-3,363,852	-3,487,272	-2,051,233	-1,134,142	-500,799	-134,529
Net Debt Issued (Repaid)	253,761	716,763	161,120	769,978	194,616	218,339
Issuance of Common Stock	111,858	2,465	9,897	79,865	693	4,923
Repurchase of Common Stock	-25,990	-10	-12	-16	-23	-39
Common Dividends Paid	-55,635	-48,317	-40,929	-37,580	-31,795	-23,313
Other Financing Activities	-106,848	-225,009	-100,904	-1,822	-189	10,912
Financing Cash Flow	177,146	445,892	29,172	810,425	163,302	210,822
Foreign Exchange Rate Adjustments	1,749	26,031	69,623	5,432	8,895	8,599
Net Cash Flow	1,587,879	920,213	1,379,419	701,546	1,696,668	-41,053
Cash Interest Paid	296,967	224,007	190,435	103,160	37,551	29,281
Cash Income Tax Paid	54,851	35,964	28,095	39,498	44,972	23,777
Levered Free Cash Flow	-	1,272,486	-2,184,896	1,607,209	48,131	344,443
Unlevered Free Cash Flow	-	1,299,819	-2,162,181	1,619,824	53,477	348,070
Change in Working Capital	2,156,501	1,227,114	1,190,231	831,598	-708,159	-308,765

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