First-corporation Cash Flow Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023
Net Income	1,857	2,461	1,377	1,979
Depreciation & Amortization	13	12	18	13
Loss (Gain) From Sale of Assets	16	16	43	-
Other Operating Activities	-682	-415	-719	-692
Change in Accounts Receivable	-1,314	-136	-790	-748
Change in Inventory	-4,085	76	-2,005	-2,326
Change in Accounts Payable	-2,820	-216	109	1,733
Change in Other Net Operating Assets	4	296	394	-261
Operating Cash Flow	-7,011	2,094	-1,573	-302
Capital Expenditures	-38	-40	-25	-81
Cash Acquisitions	-	-	-	-30
Sale (Purchase) of Intangibles	-7	-5	-10	-8
Other Investing Activities	-20	-4	-57	-9
Investing Cash Flow	-65	-49	-92	-128
Short-Term Debt Issued	-	-	1,284	210
Long-Term Debt Issued	-	4,120	1,100	784
Total Debt Issued	12,183	4,120	2,384	994
Short-Term Debt Repaid	-	-1,230	-	-
Long-Term Debt Repaid	-	-3,276	-1,235	-110
Total Debt Repaid	-4,046	-4,506	-1,235	-110
Net Debt Issued (Repaid)	8,137	-386	1,149	884
Issuance of Common Stock	442	442	-	2
Repurchase of Common Stock	-442	-442	-	-
Common Dividends Paid	-532	-375	-427	-387
Other Financing Activities	-2	-1	-2	-1
Financing Cash Flow	7,603	-762	720	498
Miscellaneous Cash Flow Adjustments	-1	-1	1	71
Net Cash Flow	526	1,282	-944	139
Free Cash Flow	-7,049	2,054	-1,598	-383
Free Cash Flow Margin	-22.58%	4.75%	-5.61%	-1.50%
Free Cash Flow Per Share	-589.51	171.85	-133.79	-32.20
Cash Interest Paid	118	108	39	31
Cash Income Tax Paid	681	417	721	691
Levered Free Cash Flow	-7,163	1,734	-1,642	-
Unlevered Free Cash Flow	-7,093	1,803	-1,618	-
Change in Working Capital	-8,215	20	-2,292	-1,602

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