JAC Recruitment 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 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	11,502	8,348	8,207	7,011	5,776
Depreciation & Amortization	467	646	660	563	513
Loss (Gain) From Sale of Assets	113	773	1	41	35
Other Operating Activities	-3,388	-2,319	-2,113	-2,259	-1,910
Change in Accounts Receivable	103	-755	320	-439	-664
Change in Inventory	-3	-2	6	-	-6
Change in Accounts Payable	393	793	-280	496	1,371
Change in Other Net Operating Assets	379	635	286	500	-24
Operating Cash Flow	9,566	8,119	7,087	5,913	5,091
Operating Cash Flow Growth	17.82%	14.56%	19.86%	16.15%	12.34%
Capital Expenditures	-178	-187	-152	-312	-32
Sale (Purchase) of Intangibles	-216	-257	-316	-408	-288
Investment in Securities	-8,000	-	-	-	-
Other Investing Activities	-380	-160	-3	-223	-118
Investing Cash Flow	-8,777	-607	-461	-944	-436
Issuance of Common Stock	281	-	-	-	993
Repurchase of Common Stock	-592	-1,486	-1,369	-	-2,904
Common Dividends Paid	-4,146	-3,631	-3,275	-2,986	-3,299
Other Financing Activities	-152	-196	-194	-188	-190
Financing Cash Flow	-4,609	-5,313	-4,838	-3,174	-5,400
Foreign Exchange Rate Adjustments	82	86	100	151	94
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-
Net Cash Flow	-3,738	2,284	1,887	1,946	-651
Free Cash Flow	9,388	7,932	6,935	5,601	5,059
Free Cash Flow Growth	18.36%	14.38%	23.82%	10.71%	13.69%
Free Cash Flow Margin	20.37%	20.26%	20.12%	18.40%	20.36%
Free Cash Flow Per Share	59.21	49.79	43.41	34.68	31.28
Cash Interest Paid	17	20	22	22	16
Cash Income Tax Paid	3,386	2,321	2,117	2,261	1,912
Levered Free Cash Flow	7,817	6,860	5,542	4,343	4,302
Unlevered Free Cash Flow	7,828	6,873	5,555	4,357	4,312
Change in Working Capital	872	671	332	557	677