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	1,896	1,840	2,004	1,549	953
Depreciation & Amortization	214.1	239.76	239	221	207
Loss (Gain) From Sale of Assets	-2.28	5.51	5	-	1
Other Operating Activities	374.12	-107.21	-130	353	57
Change in Accounts Receivable	-290.95	-1,846	-597	47	-1,343
Change in Inventory	-525.05	13.17	966	-2,169	299
Change in Accounts Payable	-107.98	1,017	946	216	1,215
Change in Other Net Operating Assets	-47.39	-1,679	589	-514	-869
Operating Cash Flow	1,510	-516.52	4,022	-297	520
Operating Cash Flow Growth	-	-	-	-	-25.07%
Capital Expenditures	-472.38	-182.33	-295	-271	-328
Sale of Property, Plant & Equipment	16.47	19.58	9	13	-
Sale (Purchase) of Intangibles	-31.43	-26.64	-24	-17	-27
Investment in Securities	-0.34	-0.31	-	-	-
Other Investing Activities	-115.43	-148.72	-75	-18	-
Investing Cash Flow	-603.12	-338.41	-385	-293	-355
Short-Term Debt Issued	300	2,100	-	2,900	800
Long-Term Debt Issued	53.2	62.57	-	-	-
Total Debt Issued	353.2	2,163	-	2,900	800
Short-Term Debt Repaid	-	-	-3,600	-	-
Long-Term Debt Repaid	-13.5	-72.55	-33	-33	-33
Total Debt Repaid	-13.5	-72.55	-3,633	-33	-33
Net Debt Issued (Repaid)	339.71	2,090	-3,633	2,867	767
Issuance of Common Stock	-	-	87	-	-
Repurchase of Common Stock	-	-	-2	-889	-
Common Dividends Paid	-1,085	-1,005	-	-	-
Dividends Paid	-1,085	-1,005	-751	-646	-646
Other Financing Activities	-10.32	-	19	8	-12
Financing Cash Flow	-755.49	1,085	-4,280	1,340	109
Miscellaneous Cash Flow Adjustments	-0	-0	-	-1	-
Net Cash Flow	151.86	230.03	-643	749	274
Free Cash Flow	1,038	-698.84	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	-22.25	118.69	-17.60	5.94
Cash Interest Paid	42.96	20.11	13	12	9
Cash Income Tax Paid	618.29	945	1,067	459	438
Levered Free Cash Flow	749.36	-1,093	3,404	-572.88	49.88
Unlevered Free Cash Flow	776.21	-1,081	3,412	-565.38	55.5
Change in Working Capital	-971.37	-2,494	1,904	-2,420	-698

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