Nippon Aqua Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,796	2,598	2,911	2,360	1,428
Depreciation & Amortization	214	239	239	221	207
Loss (Gain) From Sale of Assets	-2	5	5	-	1
Other Operating Activities	-612	-942	-1,037	-458	-418
Change in Accounts Receivable	-290	-1,845	-597	47	-1,343
Change in Inventory	-525	13	966	-2,169	299
Change in Accounts Payable	-99	597	946	216	1,215
Change in Other Net Operating Assets	28	-1,181	589	-514	-869
Operating Cash Flow	1,510	-516	4,022	-297	520
Operating Cash Flow Growth	-	-	-	-	-25.07%
Capital Expenditures	-472	-182	-295	-271	-328
Sale of Property, Plant & Equipment	16	19	9	13	-
Sale (Purchase) of Intangibles	-31	-26	-24	-17	-27
Other Investing Activities	-116	-108	-75	-18	-
Investing Cash Flow	-603	-338	-385	-293	-355
Short-Term Debt Issued	300	2,100	-	2,900	800
Total Debt Issued	300	2,100	-	2,900	800
Short-Term Debt Repaid	-	-	-3,600	-	-
Long-Term Debt Repaid	-	-	-33	-33	-33
Total Debt Repaid	-	-	-3,633	-33	-33
Net Debt Issued (Repaid)	300	2,100	-3,633	2,867	767
Issuance of Common Stock	-	-	87	-	-
Repurchase of Common Stock	-	-	-2	-889	-
Common Dividends Paid	-1,084	-1,005	-751	-646	-646
Other Financing Activities	29	-11	19	8	-12
Financing Cash Flow	-755	1,084	-4,280	1,340	109
Miscellaneous Cash Flow Adjustments	-1	-	-	-1	-
Net Cash Flow	151	230	-643	749	274
Free Cash Flow	1,038	-698	3,727	-568	192
Free Cash Flow Growth	-	-	-	-	357.14%
Free Cash Flow Margin	3.08%	-2.31%	13.15%	-2.21%	0.80%
Free Cash Flow Per Share	32.54	-22.22	118.69	-17.60	5.94
Cash Interest Paid	42	20	13	12	9
Cash Income Tax Paid	618	945	1,067	459	438
Levered Free Cash Flow	741.75	-1,094	3,404	-572.88	49.88
Unlevered Free Cash Flow	768	-1,081	3,412	-565.38	55.5
Change in Working Capital	-886	-2,416	1,904	-2,420	-698

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