Kotobuki Spirits 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	18,745	17,641	15,662	10,278	2,877
Depreciation & Amortization	1,691	1,462	1,164	1,137	1,220
Loss (Gain) From Sale of Assets	-13	46	204	19	43
Other Operating Activities	-6,070	-5,062	-4,855	-1,314	1,693
Change in Accounts Receivable	-853	-386	-937	-2,305	-872
Change in Inventory	-106	-650	-1,005	-297	-489
Change in Accounts Payable	68	267	-60	1,145	305
Change in Other Net Operating Assets	339	-114	672	422	-484
Operating Cash Flow	13,801	13,204	10,845	9,085	4,293
Operating Cash Flow Growth	4.52%	21.75%	19.37%	111.62%	5135.37%
Capital Expenditures	-2,371	-3,124	-1,872	-559	-432
Sale of Property, Plant & Equipment	232	30	11	7	15
Sale (Purchase) of Intangibles	-69	-63	-20	-20	-40
Investment in Securities	-3,000	-	-	-1,000	-
Other Investing Activities	-243	-281	-123	-43	-69
Investing Cash Flow	-5,451	-3,438	-2,004	-1,615	-526
Long-Term Debt Repaid	-300	-	-140	-285	-239
Total Debt Repaid	-300	-	-140	-285	-239
Net Debt Issued (Repaid)	-300	-	-140	-285	-239
Repurchase of Common Stock	-	-3,011	-	-1	-
Common Dividends Paid	-4,939	-4,356	-2,178	-933	-933
Other Financing Activities	-2	-5	-4	-4	-4
Financing Cash Flow	-5,241	-7,372	-2,322	-1,223	-1,176
Foreign Exchange Rate Adjustments	10	-5	9	3	12
Miscellaneous Cash Flow Adjustments	-	2	-1	-1	-
Net Cash Flow	3,119	2,391	6,527	6,249	2,603
Free Cash Flow	11,430	10,080	8,973	8,526	3,861
Free Cash Flow Growth	13.39%	12.34%	5.24%	120.82%	-
Free Cash Flow Margin	14.51%	13.93%	14.01%	17.00%	11.99%
Free Cash Flow Per Share	74.02	64.85	57.67	54.80	24.81
Cash Interest Paid	-	-	-	-	1
Cash Income Tax Paid	6,093	5,062	4,861	1,580	-146
Levered Free Cash Flow	10,534	9,043	7,862	7,665	2,579
Unlevered Free Cash Flow	10,534	9,043	7,862	7,665	2,580
Change in Working Capital	-552	-883	-1,330	-1,035	-1,540

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