Nihon M&A Center Holdings 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	19,170	16,929	16,519	15,472	16,661
Depreciation & Amortization	190	158	174	227	164
Loss (Gain) From Sale of Assets	-	-	-	-	-2
Loss (Gain) From Sale of Investments	-15	-	-	-	-
Loss (Gain) on Equity Investments	-68	-180	-428	-87	-111
Other Operating Activities	-6,317	-3,750	-6,662	-5,563	-6,322
Change in Accounts Receivable	1,839	-34	355	-1,538	1,589
Change in Accounts Payable	20	326	352	72	-118
Change in Other Net Operating Assets	732	-333	237	-430	-762
Operating Cash Flow	15,551	13,116	10,547	8,153	11,099
Operating Cash Flow Growth	18.57%	24.36%	29.36%	-26.54%	-3.13%
Capital Expenditures	-251	-48	-87	-179	-165
Cash Acquisitions	-80	-140	-80	-	-
Sale (Purchase) of Intangibles	-67	-23	-43	-139	-89
Investment in Securities	-1,615	12,280	-19,304	-2,843	124
Other Investing Activities	-1,502	998	1,290	-838	400
Investing Cash Flow	-4,314	11,982	-18,224	-3,999	270
Long-Term Debt Issued	-	499	7,000	-	-
Long-Term Debt Repaid	-1,400	-1,400	-700	-	-500
Total Debt Repaid	-1,400	-1,400	-700	-	-500
Net Debt Issued (Repaid)	-1,400	-901	6,300	-	-500
Issuance of Common Stock	-	59	-	519	10
Repurchase of Common Stock	-	-	-13,999	-	-
Common Dividends Paid	-9,200	-8,247	-7,537	-6,613	-5,453
Other Financing Activities	12	336	4	1	-
Financing Cash Flow	-10,588	-8,753	-15,232	-6,093	-5,943
Foreign Exchange Rate Adjustments	77	66	50	38	10
Miscellaneous Cash Flow Adjustments	-1	-	-237	1	1
Net Cash Flow	725	16,411	-23,096	-1,900	5,437
Free Cash Flow	15,300	13,068	10,460	7,974	10,934
Free Cash Flow Growth	17.08%	24.93%	31.18%	-27.07%	-3.84%
Free Cash Flow Margin	30.44%	29.65%	23.70%	19.30%	27.06%
Free Cash Flow Per Share	48.22	41.20	32.22	24.07	32.72
Cash Interest Paid	51	18	8	-	-
Cash Income Tax Paid	6,315	3,769	6,736	5,614	6,266
Levered Free Cash Flow	14,346	12,519	9,960	7,866	9,980
Unlevered Free Cash Flow	14,379	12,537	9,969	7,866	9,980
Change in Working Capital	2,591	-41	944	-1,896	709

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