L is B corp. 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 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	147	18	-316.49	-335.87
Depreciation & Amortization	49	25	0.35	2.52
Other Amortization	-	-	0.24	-
Asset Writedown & Restructuring Costs	-	-	44.75	16.99
Provision & Write-off of Bad Debts	-	-	-0.31	0.27
Other Operating Activities	-19	-4	0.56	5.44
Change in Accounts Receivable	-54	-42	42.09	-126.14
Change in Inventory	4	-2	0.21	-0.3
Change in Accounts Payable	5	5	41.34	-4.7
Change in Unearned Revenue	-	-	-6.6	-
Change in Other Net Operating Assets	46	27	36.24	-28.98
Operating Cash Flow	178	27	-157.63	-470.76
Operating Cash Flow Growth	559.26%	-	-	-
Capital Expenditures	-7	-35	-3.96	-11.62
Cash Acquisitions	-496	-157	-	-
Sale (Purchase) of Intangibles	-19	-28	-49.06	-7.9
Investment in Securities	-581	-130	-	-
Other Investing Activities	24	-28	-	-0.62
Investing Cash Flow	-1,079	-378	-53.03	-20.14
Short-Term Debt Issued	-	-	30	-
Long-Term Debt Issued	750	190	200	230
Total Debt Issued	750	190	230	230
Short-Term Debt Repaid	-30	-	-	-
Long-Term Debt Repaid	-277	-15	-11.26	-5.84
Total Debt Repaid	-307	-15	-11.26	-5.84
Net Debt Issued (Repaid)	443	175	218.74	224.16
Issuance of Common Stock	-	1,059	-	1,001
Other Financing Activities	-	-23	-	-
Financing Cash Flow	443	1,211	218.74	1,225
Miscellaneous Cash Flow Adjustments	1	1	-0	-0
Net Cash Flow	-457	861	8.09	734.18
Free Cash Flow	171	-8	-161.59	-482.38
Free Cash Flow Margin	8.02%	-0.50%	-16.65%	-62.58%
Free Cash Flow Per Share	33.37	-1.64	-38.89	-123.72
Cash Interest Paid	15	7	1.92	0.79
Cash Income Tax Paid	21	5	5.87	0.96
Levered Free Cash Flow	65.25	-	-105.42	-
Unlevered Free Cash Flow	74.63	-	-104.22	-
Change in Working Capital	1	-12	113.28	-160.12

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