Hikari Heights-Varus 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	Sep '25 Sep 30, 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	-350	-263	57	53	79	162
Depreciation & Amortization	80	77	63	60	64	59
Loss (Gain) From Sale of Investments	-	-	-	-	-1	-
Other Operating Activities	-6	-18	-8	25	-64	-40
Change in Accounts Receivable	-24	-20	10	45	-27	-2
Change in Inventory	-2	-1	-	-	1	-2
Change in Accounts Payable	5	30	6	-70	62	-30
Change in Other Net Operating Assets	38	-143	28	337	-87	-129
Operating Cash Flow	-259	-338	156	450	27	18
Operating Cash Flow Growth	-	-	-65.33%	1566.67%	50.00%	-
Capital Expenditures	-21	-15	-65	-15	-18	-31
Sale of Property, Plant & Equipment	-	-	4	-	-	-
Sale (Purchase) of Intangibles	-	-	-1	-	-	-
Investment in Securities	113	78	-98	-136	86	132
Other Investing Activities	-6	-4	-137	-10	-29	-1
Investing Cash Flow	86	59	-297	-161	39	100
Short-Term Debt Issued	-	200	200	200	200	200
Long-Term Debt Issued	-	-	9	-	-	-
Total Debt Issued	200	200	209	200	200	200
Short-Term Debt Repaid	-	-200	-200	-200	-200	-200
Long-Term Debt Repaid	-	-1	-1	-	-	-
Total Debt Repaid	-201	-201	-201	-200	-200	-200
Net Debt Issued (Repaid)	-1	-1	8	-	-	-
Common Dividends Paid	-	-24	-24	-24	-25	-25
Other Financing Activities	-54	-53	-40	-40	-42	-37
Financing Cash Flow	-55	-78	-56	-64	-67	-62
Foreign Exchange Rate Adjustments	-71	-68	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-1	-	-1	1	-
Net Cash Flow	-299	-426	-197	224	-	56
Free Cash Flow	-280	-353	91	435	9	-13
Free Cash Flow Growth	-	-	-79.08%	4733.33%	-	-
Free Cash Flow Margin	-9.17%	-11.60%	3.01%	14.25%	0.29%	-0.42%
Free Cash Flow Per Share	-134.02	-168.96	43.56	208.21	4.31	-6.22
Cash Interest Paid	24	23	22	24	26	27
Cash Income Tax Paid	5	18	8	-24	63	39
Levered Free Cash Flow	-287.75	-265.63	10.38	94.25	84.5	99.25
Unlevered Free Cash Flow	-272.75	-251.25	24.13	109.25	100.75	116.13
Change in Working Capital	17	-134	44	312	-51	-163

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