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	2004 - 2008
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	2004 - 2008
Net Income	1,892	2,230	1,753	132.46	-280.29	Upgrade
Depreciation & Amortization	294.63	211.09	151.99	28.91	93.1	Upgrade
Other Amortization	-	-	-	61.01	-	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	19.31	-	Upgrade
Loss (Gain) From Sale of Investments	-154.11	-211.02	-56.88	-	-	Upgrade
Other Operating Activities	-117.34	-10.64	168.96	169.19	-152.38	Upgrade
Change in Accounts Receivable	49.19	-515.22	-176.83	-323.21	168.87	Upgrade
Change in Accounts Payable	33.9	61.93	30.78	70.92	-33.62	Upgrade
Change in Unearned Revenue	-62.47	-14.43	68.03	-	-	Upgrade
Change in Other Net Operating Assets	-37.37	-117.8	337.81	51.73	-149.48	Upgrade
Operating Cash Flow	1,899	1,634	2,277	210.32	-353.8	Upgrade
Operating Cash Flow Growth	16.21%	-28.26%	982.78%	-	-	Upgrade
Capital Expenditures	-11.24	-257.95	-38.46	-4.54	-9.03	Upgrade
Sale (Purchase) of Intangibles	-459.79	-437.24	-202.09	-35.51	-69.95	Upgrade
Investment in Securities	864.15	825	-271.97	-245.2	849.44	Upgrade
Other Investing Activities	-24.67	47.9	-162.81	35.47	31.12	Upgrade
Investing Cash Flow	368.45	177.71	-675.34	-249.78	801.58	Upgrade
Repurchase of Common Stock	-535.71	-528.33	-	-42.09	-221.59	Upgrade
Common Dividends Paid	-975.46	-736.66	-682.5	-127	-185.32	Upgrade
Other Financing Activities	-0	-	0.04	-0	-0	Upgrade
Financing Cash Flow	-1,511	-1,265	-682.46	-169.09	-406.91	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-0	0	-0	Upgrade
Net Cash Flow	755.87	546.52	919.45	-208.56	40.87	Upgrade
Free Cash Flow	1,887	1,376	2,239	205.78	-362.83	Upgrade
Free Cash Flow Growth	37.18%	-38.55%	987.98%	-	-	Upgrade
Free Cash Flow Margin	17.13%	12.82%	25.49%	8.91%	-17.29%	Upgrade
Free Cash Flow Per Share	139.40	99.05	160.27	16.24	-27.83	Upgrade
Cash Income Tax Paid	927.88	870.79	641.38	-124.3	194.76	Upgrade
Levered Free Cash Flow	1,220	552.57	-	-1.82	-346.32	Upgrade
Unlevered Free Cash Flow	1,220	552.57	-	-1.82	-346.32	Upgrade
Change in Working Capital	-16.76	-585.53	259.78	-200.57	-14.23	Upgrade

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