Kitahama Capital Partners 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	Sep '25 Sep 30, 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	-1,118	-827	-496	-822	-1,232	-738
Depreciation & Amortization	66	61	19	94	109	44
Loss (Gain) From Sale of Assets	126	193	78	70	76	321
Loss (Gain) From Sale of Investments	-52	2	2	-	5	-
Loss (Gain) on Equity Investments	-2	-2	46	12	-	-
Other Operating Activities	-85	-106	-16	-412	-125	27
Change in Accounts Receivable	211	-16	6	12	36	-1
Change in Inventory	-649	-614	9	114	-39	-14
Change in Accounts Payable	-419	-72	69	22	25	5
Change in Other Net Operating Assets	-991	-198	-185	319	655	-61
Operating Cash Flow	-2,913	-1,579	-468	-591	-490	-417
Capital Expenditures	-341	-178	-10	-5	-503	-43
Sale of Property, Plant & Equipment	19	-	30	50	1	40
Cash Acquisitions	-359	-43	-20	-	-	-10
Divestitures	-21	-21	68	-	-	-
Investment in Securities	-577	-13	-6	-101	-	-5
Other Investing Activities	-5	-1	7	48	64	-2
Investing Cash Flow	-1,966	-420	99	-1	-680	-38
Short-Term Debt Issued	-	56	212	295	440	92
Long-Term Debt Issued	-	-	-	392	-	145
Total Debt Issued	-	56	212	687	440	237
Short-Term Debt Repaid	-	-452	-	-157	-320	-146
Long-Term Debt Repaid	-	-54	-20	-9	-13	-40
Total Debt Repaid	-104	-506	-20	-166	-333	-186
Net Debt Issued (Repaid)	-104	-450	192	521	107	51
Issuance of Common Stock	5,604	2,670	84	164	1,031	375
Other Financing Activities	-21	-27	-4	-8	-4	-6
Financing Cash Flow	5,479	2,193	272	677	1,134	420
Miscellaneous Cash Flow Adjustments	-1	-1	1	-2	-	54
Net Cash Flow	599	193	-96	83	-36	19
Free Cash Flow	-3,254	-1,757	-478	-596	-993	-460
Free Cash Flow Margin	-959.88%	-250.64%	-204.27%	-156.43%	-257.25%	-97.25%
Free Cash Flow Per Share	-7.64	-6.28	-3.41	-5.15	-10.14	-6.54
Cash Interest Paid	2	6	17	3	14	8
Cash Income Tax Paid	38	68	12	9	20	17
Levered Free Cash Flow	-3,438	-1,142	-57.88	-282.5	-477.38	-452.5
Unlevered Free Cash Flow	-3,437	-1,138	-47.25	-274.38	-468	-420
Change in Working Capital	-1,848	-900	-101	467	677	-71

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