Watanabe Sato Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	1,357	1,320	1,778	730	2,532
Depreciation & Amortization	585	646	662	568	560
Loss (Gain) From Sale of Assets	12	8	45	-21	36
Loss (Gain) on Equity Investments	-88	-74	-48	-36	-40
Other Operating Activities	-128	-625	-329	-340	-1,190
Change in Accounts Receivable	5,375	-2,730	431	165	1,656
Change in Inventory	123	-92	-33	34	-10
Change in Accounts Payable	-2,101	-2,101	865	-842	-301
Change in Other Net Operating Assets	-40	-316	112	-71	41
Operating Cash Flow	5,095	-3,964	3,483	187	3,284
Operating Cash Flow Growth	-	-	1762.57%	-94.31%	59.57%
Capital Expenditures	-306	-517	-374	-370	-639
Sale of Property, Plant & Equipment	1	1	10	23	1
Cash Acquisitions	-	-	-	-490	-
Sale (Purchase) of Intangibles	-4	-15	-75	-86	-27
Investment in Securities	-90	-100	-	-	-149
Other Investing Activities	3	3	2	-4	9
Investing Cash Flow	-394	-625	-437	-929	-799
Short-Term Debt Issued	-	2,800	-	-	-
Total Debt Issued	-	2,800	-	-	-
Short-Term Debt Repaid	-2,800	-	-	-	-
Long-Term Debt Repaid	-	-40	-48	-48	-73
Total Debt Repaid	-2,800	-40	-48	-48	-73
Net Debt Issued (Repaid)	-2,800	2,760	-48	-48	-73
Issuance of Common Stock	-	-	-	-	901
Repurchase of Common Stock	-	-	-	-	-1,159
Common Dividends Paid	-498	-714	-304	-364	-310
Other Financing Activities	-40	-49	-60	-43	-38
Financing Cash Flow	-3,338	1,997	-412	-455	-679
Miscellaneous Cash Flow Adjustments	-	-	186	-	-1
Net Cash Flow	1,363	-2,592	2,820	-1,197	1,805
Free Cash Flow	4,789	-4,481	3,109	-183	2,645
Free Cash Flow Growth	-	-	-	-	47.85%
Free Cash Flow Margin	14.21%	-11.09%	8.10%	-0.53%	7.06%
Free Cash Flow Per Share	767.49	-719.72	505.53	-30.05	454.78
Cash Interest Paid	15	16	10	6	10
Cash Income Tax Paid	156	634	346	356	1,185
Levered Free Cash Flow	4,581	-4,477	2,887	-494.25	2,402
Unlevered Free Cash Flow	4,592	-4,467	2,893	-490.5	2,408
Change in Working Capital	3,357	-5,239	1,375	-714	1,386

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