TOTO 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	24,331	54,206	59,975	57,867	39,064
Depreciation & Amortization	35,018	34,136	31,412	26,939	25,231
Loss (Gain) From Sale of Assets	34,910	996	279	858	905
Loss (Gain) From Sale of Investments	-8,054	-2,687	-48	-1,581	26
Other Operating Activities	-10,583	-11,412	-14,594	-13,307	-3,915
Change in Accounts Receivable	1,359	1,694	-1,613	-1,092	-6,258
Change in Inventory	5,205	16,729	-31,092	-21,935	318
Change in Accounts Payable	-1,289	-9,729	1,128	7,448	6,029
Change in Other Net Operating Assets	-9,516	-7,622	-13,868	-5,841	-1,849
Operating Cash Flow	71,381	76,311	31,579	49,356	59,551
Operating Cash Flow Growth	-6.46%	141.65%	-36.02%	-17.12%	-6.72%
Capital Expenditures	-44,553	-51,130	-27,752	-30,121	-38,737
Sale of Property, Plant & Equipment	61	293	784	164	55
Sale (Purchase) of Intangibles	-6,145	-7,015	-8,579	-4,980	-4,994
Investment in Securities	12,022	3,877	212	3,061	975
Other Investing Activities	230	187	63	-18	-18
Investing Cash Flow	-38,383	-53,790	-35,269	-31,893	-42,622
Short-Term Debt Issued	43,200	43,200	43,200	13,200	70,451
Long-Term Debt Issued	-	-	-	-	500
Total Debt Issued	43,200	43,200	43,200	13,200	70,951
Short-Term Debt Repaid	-43,200	-43,200	-13,200	-73,200	-33,600
Long-Term Debt Repaid	-	-137	-198	-	-605
Total Debt Repaid	-43,200	-43,337	-13,398	-73,200	-34,205
Net Debt Issued (Repaid)	-	-137	29,802	-60,000	36,746
Repurchase of Common Stock	-9	-7	-8	-14	-15
Common Dividends Paid	-16,964	-16,960	-16,956	-14,406	-12,704
Other Financing Activities	-2,034	-1,850	-4,059	-1,352	-1,325
Financing Cash Flow	-19,007	-18,954	8,779	-75,772	22,702
Foreign Exchange Rate Adjustments	4,074	1,576	2,802	6,490	77
Miscellaneous Cash Flow Adjustments	-	-1	1	1	-1
Net Cash Flow	18,065	5,142	7,892	-51,818	39,707
Free Cash Flow	26,828	25,181	3,827	19,235	20,814
Free Cash Flow Growth	6.54%	557.98%	-80.10%	-7.59%	-37.75%
Free Cash Flow Margin	3.70%	3.59%	0.55%	2.98%	3.58%
Free Cash Flow Per Share	158.04	148.35	22.55	113.35	122.68
Cash Interest Paid	321	242	67	118	172
Cash Income Tax Paid	11,592	12,362	15,366	13,831	9,618
Levered Free Cash Flow	19,229	8,530	-18,396	17,286	12,180
Unlevered Free Cash Flow	19,428	8,678	-18,349	17,360	12,283
Change in Working Capital	-4,241	1,072	-45,445	-21,420	-1,760

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