Kotobuki Spirits Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	17,641	15,662	10,278	2,877	-474
Depreciation & Amortization	1,462	1,164	1,137	1,220	1,420
Loss (Gain) From Sale of Assets	46	204	19	43	152
Other Operating Activities	-5,062	-4,855	-1,314	1,693	1,126
Change in Accounts Receivable	-386	-937	-2,305	-872	-124
Change in Inventory	-650	-1,005	-297	-489	577
Change in Accounts Payable	267	-60	1,145	305	55
Change in Other Net Operating Assets	-114	672	422	-484	-2,650
Operating Cash Flow	13,204	10,845	9,085	4,293	82
Operating Cash Flow Growth	21.75%	19.37%	111.62%	5135.37%	-98.75%
Capital Expenditures	-3,124	-1,872	-559	-432	-588
Sale of Property, Plant & Equipment	30	11	7	15	27
Sale (Purchase) of Intangibles	-63	-20	-20	-40	-75
Investment in Securities	-	-	-1,000	-	-
Other Investing Activities	-281	-123	-43	-69	31
Investing Cash Flow	-3,438	-2,004	-1,615	-526	-605
Long-Term Debt Issued	-	-	-	-	1,000
Long-Term Debt Repaid	-	-140	-285	-239	-215
Total Debt Repaid	-	-140	-285	-239	-215
Net Debt Issued (Repaid)	-	-140	-285	-239	785
Repurchase of Common Stock	-3,011	-	-1	-	-1
Common Dividends Paid	-4,356	-2,178	-933	-933	-1,244
Other Financing Activities	-5	-4	-4	-4	-2
Financing Cash Flow	-7,372	-2,322	-1,223	-1,176	-462
Foreign Exchange Rate Adjustments	-5	9	3	12	3
Miscellaneous Cash Flow Adjustments	2	-1	-1	-	1
Net Cash Flow	2,391	6,527	6,249	2,603	-981
Free Cash Flow	10,080	8,973	8,526	3,861	-506
Free Cash Flow Growth	12.34%	5.24%	120.82%	-	-
Free Cash Flow Margin	13.93%	14.01%	17.00%	11.99%	-2.18%
Free Cash Flow Per Share	64.85	57.67	54.80	24.81	-3.25
Cash Interest Paid	-	-	-	1	-
Cash Income Tax Paid	5,062	4,861	1,580	-146	1,155
Levered Free Cash Flow	9,043	7,862	7,665	2,579	-2,033
Unlevered Free Cash Flow	9,043	7,862	7,665	2,580	-2,033
Change in Working Capital	-883	-1,330	-1,035	-1,540	-2,142

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.