Nichiwa Sangyo 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	499	1,054	199	216	379
Depreciation & Amortization	588	568	618	603	556
Loss (Gain) From Sale of Assets	644	-139	31	-	-
Other Operating Activities	-405	56	-75	-64	-177
Change in Accounts Receivable	3,476	-1,703	-2,790	-2,333	-126
Change in Inventory	-	406	-234	-579	-183
Change in Accounts Payable	-2,426	1,944	877	1,148	411
Change in Other Net Operating Assets	68	-134	-159	-28	403
Operating Cash Flow	2,444	2,052	-1,533	-1,037	1,263
Operating Cash Flow Growth	19.10%	-	-	-	-17.93%
Capital Expenditures	-436	-658	-901	-797	-890
Sale of Property, Plant & Equipment	-	581	1	15	-
Sale (Purchase) of Intangibles	-12	-	-5	-	-3
Investment in Securities	-3	-	-	-	-
Other Investing Activities	4	4	7	2	7
Investing Cash Flow	-321	215	-793	-621	-912
Short-Term Debt Repaid	-	-300	-	-	-
Total Debt Repaid	-	-300	-	-	-
Net Debt Issued (Repaid)	-	-300	-	-	-
Repurchase of Common Stock	-	-	-	-426	-
Common Dividends Paid	-144	-108	-108	-114	-115
Financing Cash Flow	-144	-408	-108	-540	-115
Miscellaneous Cash Flow Adjustments	-2	-1	-1	-2	-2
Net Cash Flow	1,977	1,858	-2,435	-2,200	234
Free Cash Flow	2,008	1,394	-2,434	-1,834	373
Free Cash Flow Growth	44.05%	-	-	-	-28.95%
Free Cash Flow Margin	4.13%	2.64%	-4.45%	-4.08%	0.94%
Free Cash Flow Per Share	110.87	76.97	-134.39	-95.88	19.31
Cash Interest Paid	62	53	59	57	56
Cash Income Tax Paid	399	-51	176	295	177
Levered Free Cash Flow	1,960	1,446	-2,907	-1,809	-94.13
Unlevered Free Cash Flow	1,995	1,480	-2,872	-1,774	-59.13
Change in Working Capital	1,118	513	-2,306	-1,792	505

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