Gakujo Cash Flow Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2010	FY 2009
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '10 Oct 31, 2010	Oct '09 Oct 31, 2009
Net Income	1,892	2,230	1,753	132.46	-280.29
Depreciation & Amortization	294.63	211.09	151.99	28.91	93.1
Other Amortization	-	-	-	61.01	-
Loss (Gain) From Sale of Assets	-	-	-	19.31	-
Loss (Gain) From Sale of Investments	-154.11	-211.02	-56.88	-	-
Other Operating Activities	-117.34	-10.64	168.96	169.19	-152.38
Change in Accounts Receivable	49.19	-515.22	-176.83	-323.21	168.87
Change in Accounts Payable	33.9	61.93	30.78	70.92	-33.62
Change in Unearned Revenue	-62.47	-14.43	68.03	-	-
Change in Other Net Operating Assets	-37.37	-117.8	337.81	51.73	-149.48
Operating Cash Flow	1,899	1,634	2,277	210.32	-353.8
Operating Cash Flow Growth	16.21%	-28.26%	982.78%	-	-
Capital Expenditures	-11.24	-257.95	-38.46	-4.54	-9.03
Sale (Purchase) of Intangibles	-459.79	-437.24	-202.09	-35.51	-69.95
Investment in Securities	864.15	825	-271.97	-245.2	849.44
Other Investing Activities	-24.67	47.9	-162.81	35.47	31.12
Investing Cash Flow	368.45	177.71	-675.34	-249.78	801.58
Repurchase of Common Stock	-535.71	-528.33	-	-42.09	-221.59
Common Dividends Paid	-975.46	-736.66	-682.5	-127	-185.32
Other Financing Activities	-0	-	0.04	-0	-0
Financing Cash Flow	-1,511	-1,265	-682.46	-169.09	-406.91
Miscellaneous Cash Flow Adjustments	-	-	-0	0	-0
Net Cash Flow	755.87	546.52	919.45	-208.56	40.87
Free Cash Flow	1,887	1,376	2,239	205.78	-362.83
Free Cash Flow Growth	37.18%	-38.55%	987.98%	-	-
Free Cash Flow Margin	17.13%	12.82%	25.49%	8.91%	-17.29%
Free Cash Flow Per Share	139.40	99.05	160.27	16.24	-27.83
Cash Income Tax Paid	927.88	870.79	641.38	-124.3	194.76
Levered Free Cash Flow	1,220	552.57	-	-1.82	-346.32
Unlevered Free Cash Flow	1,220	552.57	-	-1.82	-346.32
Change in Working Capital	-16.76	-585.53	259.78	-200.57	-14.23

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