Members Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	978.37	349.82	136	1,399	1,896	1,248
Depreciation & Amortization	594.81	590.87	522	493	366	350
Loss (Gain) From Sale of Assets	-	-	5	-	-	50
Other Operating Activities	219.62	280.98	-451	-527	-526	-315
Change in Accounts Receivable	-875.94	71.66	-521	-275	-437	-14
Change in Inventory	158.3	3.71	29	-19	-16	5
Change in Accounts Payable	175.79	-85.7	-81	126	87	-72
Change in Other Net Operating Assets	108.65	-	945	201	283	582
Operating Cash Flow	1,360	1,211	584	1,398	1,653	1,834
Operating Cash Flow Growth	-2.07%	107.42%	-58.23%	-15.43%	-9.87%	89.66%
Capital Expenditures	-26.53	-61.14	-23	-138	-8	-56
Sale (Purchase) of Intangibles	-3.78	-8.92	-	-2	-5	-
Investment in Securities	3.94	5.76	3	-988	-	7
Other Investing Activities	-20.5	14.63	-80	-37	-85	-8
Investing Cash Flow	-46.86	-49.66	-100	-1,165	-98	-57
Long-Term Debt Repaid	-	-529.41	-	-	-	-
Net Debt Issued (Repaid)	-564.93	-529.41	-	-	-	-
Issuance of Common Stock	3	2.36	72	96	102	29
Repurchase of Common Stock	-	-	-401	-293	-	-
Common Dividends Paid	-408.26	-396.57	-391	-326	-225	-179
Other Financing Activities	0	0	-467	-457	-345	-601
Financing Cash Flow	-970.19	-923.62	-1,187	-980	-468	-751
Miscellaneous Cash Flow Adjustments	0	20.23	1	1	-2	-1
Net Cash Flow	342.55	258.29	-702	-746	1,085	1,025
Free Cash Flow	1,333	1,150	561	1,260	1,645	1,778
Free Cash Flow Growth	0.48%	105.03%	-55.48%	-23.40%	-7.48%	93.89%
Free Cash Flow Margin	5.56%	5.15%	2.74%	7.13%	11.01%	14.71%
Free Cash Flow Per Share	104.06	90.03	43.05	94.64	123.47	134.61
Cash Interest Paid	12.36	12.52	10	8	4	3
Cash Income Tax Paid	302.21	-28.24	350	581	512	338
Levered Free Cash Flow	1,045	1,107	647.88	1,136	1,480	1,750
Unlevered Free Cash Flow	1,066	1,131	656	1,142	1,484	1,754
Change in Working Capital	-433.2	-10.32	372	33	-83	501

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