Hikari Food Service Cash Flow Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	102.46	100.33	201.04	62.88	40.58
Depreciation & Amortization	119.38	102.35	90.07	85.79	77.64
Other Amortization	3.55	16.74	3	-	-
Loss (Gain) From Sale of Assets	0.7	-	-	-1.38	0.89
Asset Writedown & Restructuring Costs	21.5	26.12	12.67	99.31	49.68
Loss (Gain) From Sale of Investments	-0.95	-	-	-	-
Other Operating Activities	66.22	-14.34	64.16	70.17	-116.32
Change in Accounts Receivable	-36.44	-26.43	-23.59	-20.31	-15.16
Change in Inventory	-5.95	-4.55	-1.39	-3.41	2.27
Change in Accounts Payable	-6.15	29.37	-4.33	8.5	10.87
Change in Unearned Revenue	0.47	-2.45	1.01	-2.02	-
Change in Income Taxes	-4.71	16.15	-	-	-
Change in Other Net Operating Assets	30.18	-34.27	30.4	89.52	-21.75
Operating Cash Flow	290.26	209.01	373.05	389.03	28.69
Operating Cash Flow Growth	38.87%	-43.97%	-4.11%	1255.83%	-
Capital Expenditures	-244.75	-236.39	-69.87	-190.75	-175.76
Sale of Property, Plant & Equipment	3	-	-	1.96	-
Sale (Purchase) of Intangibles	-4.79	-5.23	-2.24	-1.05	-0.9
Investment in Securities	289	-30	-0	-110	-90
Other Investing Activities	-19.01	-34.67	-11.22	-27.51	-18.05
Investing Cash Flow	23.46	-306.29	-83.33	-327.34	-284.71
Long-Term Debt Issued	267	100	154	130	360
Long-Term Debt Repaid	-185.26	-337.8	-511.92	-185.82	-178.85
Net Debt Issued (Repaid)	81.75	-237.8	-357.92	-55.82	181.15
Issuance of Common Stock	-	772.98	-	-	-
Common Dividends Paid	-39.63	-	-	-	-
Other Financing Activities	-1.61	-8.22	-4.61	-	-
Financing Cash Flow	40.51	526.96	-362.52	-55.82	181.15
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	354.23	429.68	-72.81	5.87	-74.87
Free Cash Flow	45.5	-27.39	303.18	198.28	-147.07
Free Cash Flow Growth	-	-	52.90%	-	-
Free Cash Flow Margin	1.59%	-1.07%	13.63%	11.77%	-16.93%
Free Cash Flow Per Share	45.87	-29.93	451.15	295.06	-218.85
Cash Interest Paid	7.65	5.59	6.48	9.08	8.61
Cash Income Tax Paid	44.79	90.41	42.29	59.21	-7.29
Levered Free Cash Flow	36.13	-40.52	265.38	65.74	-
Unlevered Free Cash Flow	42.04	-35.33	272.17	72.97	-
Change in Working Capital	-22.61	-22.19	2.1	72.27	-23.77

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