Caulis Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	315.62	276.3	260.37
Depreciation & Amortization	2.75	3.13	4.94
Other Amortization	0.04	24.08	-
Loss (Gain) From Sale of Assets	-	-	0.03
Other Operating Activities	-37.36	-83.26	13.06
Change in Accounts Receivable	-7.37	-9.47	-11.17
Change in Accounts Payable	7.2	7.87	-9.7
Change in Unearned Revenue	59.23	34.2	53.79
Change in Income Taxes	1.09	12.15	-
Change in Other Net Operating Assets	-0.66	1.23	-4.78
Operating Cash Flow	340.53	266.22	306.55
Operating Cash Flow Growth	-	-13.15%	-
Capital Expenditures	-3.09	-0.32	-6.96
Other Investing Activities	-0.36	-	0.01
Investing Cash Flow	-3.45	-0.32	-6.95
Short-Term Debt Issued	-	-	51
Total Debt Issued	-	-	51
Short-Term Debt Repaid	-	-51	-
Total Debt Repaid	-	-51	-
Net Debt Issued (Repaid)	-	-51	51
Issuance of Common Stock	19.02	579.9	-
Other Financing Activities	-	-16.4	-
Financing Cash Flow	19.02	512.5	51
Miscellaneous Cash Flow Adjustments	-	-	-0
Net Cash Flow	356.1	778.4	350.59
Free Cash Flow	337.45	265.9	299.59
Free Cash Flow Growth	-	-11.24%	-
Free Cash Flow Margin	25.73%	21.70%	30.11%
Free Cash Flow Per Share	50.27	39.91	52.50
Cash Interest Paid	2.85	3.16	3.49
Cash Income Tax Paid	159.91	181.42	11.76
Levered Free Cash Flow	-	294.75	-
Unlevered Free Cash Flow	-	296.73	-
Change in Working Capital	59.48	45.98	28.15

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