Liberaware Cash Flow Statement

Financials in millions JPY. Fiscal year is August - July.

Millions JPY. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Net Income	-222.65	46	-437.97	-641.11	-456.07
Depreciation & Amortization	48.83	47	64.16	64.27	16.8
Other Amortization	-	-	-	2.01	-
Asset Writedown & Restructuring Costs	-	-	-	3.34	-
Loss (Gain) on Equity Investments	-19	-30	-	-	-
Other Operating Activities	2,058	1,613	32.39	26.71	10.29
Change in Accounts Receivable	175.94	-181	-122.65	21.4	-6.86
Change in Inventory	-12.52	-51	25.06	-89.43	-33.52
Change in Accounts Payable	21.68	-5	7.41	-3.67	-8.81
Change in Unearned Revenue	-0.84	-	40.97	-7.68	5.56
Change in Income Taxes	10.07	-	10.07	-	-
Change in Other Net Operating Assets	-2,283	-1,802	127.21	-13.81	1.84
Operating Cash Flow	-223.47	-363	-253.35	-637.97	-470.78
Capital Expenditures	-42.86	-47	-6.82	-187.06	-65.81
Sale of Property, Plant & Equipment	6	6	-	-	-
Sale (Purchase) of Intangibles	-1	-	-2.34	-0.77	-4.95
Other Investing Activities	-22.69	-20	-	-	-6.58
Investing Cash Flow	-8.37	-61	-9.16	-187.83	-77.34
Short-Term Debt Issued	-	200	-	-	-
Long-Term Debt Issued	-	-	100	193	98
Total Debt Issued	100	200	100	193	98
Long-Term Debt Repaid	-	-77	-115.52	-5.27	-18.57
Net Debt Issued (Repaid)	28.76	123	-15.52	187.73	79.43
Issuance of Common Stock	49.28	-	730.6	897.55	521.15
Other Financing Activities	2.03	-1	-	-	0
Financing Cash Flow	80.06	122	715.08	1,085	600.59
Foreign Exchange Rate Adjustments	-4	-6	-	-	-
Miscellaneous Cash Flow Adjustments	-	-1	-0	-0	-
Net Cash Flow	-155.77	-309	452.57	259.49	52.46
Free Cash Flow	-266.32	-410	-260.17	-825.02	-536.6
Free Cash Flow Margin	-17.89%	-29.14%	-31.91%	-217.34%	-206.02%
Free Cash Flow Per Share	-14.05	-20.23	-15.17	-60.14	-42.59
Cash Interest Paid	10.28	11	6.17	3.43	0.22
Cash Income Tax Paid	-	3	1.9	0.34	-1.7
Levered Free Cash Flow	-	-1,420	-125.6	-617.29	-
Unlevered Free Cash Flow	-	-1,413	-121.97	-615.43	-
Change in Working Capital	-2,088	-2,039	88.07	-93.19	-41.79

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.