SMS Co., Ltd. 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	8,231	9,742	8,795	7,707	6,470
Depreciation & Amortization	3,813	3,456	2,896	2,482	2,185
Loss (Gain) From Sale of Assets	33	159	12	17	117
Loss (Gain) From Sale of Investments	-	-	1	1	-67
Loss (Gain) on Equity Investments	-302	-87	45	-262	240
Other Operating Activities	-2,310	-2,601	-3,011	-597	-2,440
Change in Accounts Receivable	-334	-1,568	-324	-750	208
Change in Accounts Payable	-1,009	2,425	1,702	1,120	14
Change in Other Net Operating Assets	-2,316	-1,753	-1,612	100	42
Operating Cash Flow	5,806	9,773	8,504	9,818	6,769
Operating Cash Flow Growth	-40.59%	14.92%	-13.38%	45.04%	21.07%
Capital Expenditures	-425	-446	-286	-212	-376
Cash Acquisitions	-	-	-618	-	-
Sale (Purchase) of Intangibles	-3,646	-3,266	-2,628	-1,800	-1,659
Investment in Securities	-1	-29	-232	-76	252
Other Investing Activities	1	2	1	9	-
Investing Cash Flow	-4,071	-3,739	-3,763	-2,079	-1,783
Short-Term Debt Issued	3,500	-	-	-	-
Total Debt Issued	3,500	-	-	-	-
Long-Term Debt Repaid	-1,901	-1,901	-2,013	-3,070	-4,507
Total Debt Repaid	-1,901	-1,901	-2,013	-3,070	-4,507
Net Debt Issued (Repaid)	1,599	-1,901	-2,013	-3,070	-4,507
Issuance of Common Stock	60	359	14	59	76
Repurchase of Common Stock	-3,915	-2,000	-	-	-
Common Dividends Paid	-1,735	-1,307	-915	-849	-732
Other Financing Activities	-157	-171	-129	-127	-61
Financing Cash Flow	-4,148	-5,020	-3,043	-3,987	-5,224
Foreign Exchange Rate Adjustments	301	182	345	229	-110
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Cash Flow	-2,112	1,195	2,043	3,981	-348
Free Cash Flow	5,381	9,327	8,218	9,606	6,393
Free Cash Flow Growth	-42.31%	13.49%	-14.45%	50.26%	23.61%
Free Cash Flow Margin	8.83%	17.28%	18.00%	24.70%	17.78%
Free Cash Flow Per Share	63.06	106.78	93.82	109.71	73.06
Cash Interest Paid	102	68	70	80	90
Cash Income Tax Paid	2,365	2,639	3,034	616	2,463
Levered Free Cash Flow	-114.13	4,222	3,971	6,663	2,893
Unlevered Free Cash Flow	-51	4,263	4,014	6,712	2,949
Change in Working Capital	-3,659	-896	-234	470	264

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