Shimizu Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	108,356	33,522	75,344	64,705	110,843
Depreciation & Amortization	33,478	30,256	25,798	20,213	16,710
Loss (Gain) From Sale of Assets	2,263	757	-218	33	-208
Loss (Gain) From Sale of Investments	-38,956	-54,288	-18,579	-9,770	-11,786
Other Operating Activities	-36,059	-36,507	-24,745	-31,352	-44,288
Change in Accounts Receivable	79,031	-56,983	-152,223	-39,265	61,740
Change in Inventory	17,072	17,228	13,592	12,270	19,023
Change in Accounts Payable	15,604	-53,014	97,884	6,398	-37,494
Change in Other Net Operating Assets	-21,695	97,776	66,989	54,540	-33,866
Operating Cash Flow	159,094	-21,253	83,842	77,772	80,674
Operating Cash Flow Growth	-	-	7.80%	-3.60%	-52.70%
Capital Expenditures	-34,076	-57,697	-68,575	-109,766	-122,892
Sale of Property, Plant & Equipment	3,055	3,047	1,046	40	305
Investment in Securities	41,871	52,447	17,591	20,974	16,788
Other Investing Activities	-3,037	-3,155	-2,496	-556	-8,155
Investing Cash Flow	7,813	-5,358	-52,434	-89,308	-113,954
Short-Term Debt Issued	-	12,946	96,011	50,000	31,919
Long-Term Debt Issued	93,435	38,628	88,536	71,519	98,838
Total Debt Issued	93,435	51,574	184,547	121,519	130,757
Short-Term Debt Repaid	-33,921	-	-50,000	-21,386	-80,000
Long-Term Debt Repaid	-77,371	-30,743	-55,792	-37,637	-68,747
Total Debt Repaid	-111,292	-30,743	-105,792	-59,023	-148,747
Net Debt Issued (Repaid)	-17,857	20,831	78,755	62,496	-17,990
Issuance of Common Stock	-	-	4,004	-	-
Repurchase of Common Stock	-34,520	-25,484	-1	-20,104	-2
Common Dividends Paid	-16,856	-17,643	-16,237	-22,277	-24,454
Other Financing Activities	-1,869	-1,676	-886	-481	-264
Financing Cash Flow	-71,102	-23,972	65,635	19,634	-42,710
Foreign Exchange Rate Adjustments	3,097	3,075	2,572	2,714	-409
Miscellaneous Cash Flow Adjustments	1	-1	-	-	-1
Net Cash Flow	98,903	-47,509	99,615	10,812	-76,400
Free Cash Flow	125,018	-78,950	15,267	-31,994	-42,218
Free Cash Flow Margin	6.43%	-3.94%	0.79%	-2.16%	-2.90%
Free Cash Flow Per Share	179.53	-108.44	20.63	-42.94	-55.34
Cash Interest Paid	6,056	5,577	3,892	2,787	2,863
Cash Income Tax Paid	36,135	36,590	25,062	31,831	44,966
Levered Free Cash Flow	103,261	-67,428	-8,352	-95,691	-66,548
Unlevered Free Cash Flow	107,021	-63,883	-5,854	-94,031	-64,652
Change in Working Capital	90,012	5,007	26,242	33,943	9,403

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