STUDIO ALICE Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	2,288	1,914	3,539	5,669	3,884
Depreciation & Amortization	3,752	4,248	3,962	3,591	3,349
Loss (Gain) From Sale of Assets	376	405	334	317	582
Other Operating Activities	-361	-959	-2,350	-1,617	-946
Change in Accounts Receivable	59	88	-212	9	7
Change in Inventory	179	67	-457	734	-498
Change in Accounts Payable	148	56	-353	42	109
Change in Other Net Operating Assets	-105	-120	-422	629	180
Operating Cash Flow	6,336	5,699	4,041	9,374	6,667
Operating Cash Flow Growth	11.18%	41.03%	-56.89%	40.60%	46.49%
Capital Expenditures	-1,681	-3,054	-3,817	-4,333	-3,245
Sale of Property, Plant & Equipment	10	-	3	2	3
Sale (Purchase) of Intangibles	-330	-446	-376	-375	-407
Investment in Securities	-	-	-6	-5	-
Other Investing Activities	-515	-103	-145	-32	-2
Investing Cash Flow	-2,516	-3,603	-4,341	-4,743	-3,651
Common Dividends Paid	-1,188	-1,188	-1,188	-849	-849
Other Financing Activities	-1,490	-452	214	1,730	393
Financing Cash Flow	-2,678	-1,640	-974	881	-456
Foreign Exchange Rate Adjustments	-6	14	20	11	9
Miscellaneous Cash Flow Adjustments	-1	-1	1	-	-
Net Cash Flow	1,135	469	-1,253	5,523	2,569
Free Cash Flow	4,655	2,645	224	5,041	3,422
Free Cash Flow Growth	75.99%	1080.80%	-95.56%	47.31%	195.25%
Free Cash Flow Margin	13.08%	7.27%	0.58%	12.39%	9.41%
Free Cash Flow Per Share	274.08	155.74	13.19	296.81	201.48
Cash Interest Paid	21	21	24	23	29
Cash Income Tax Paid	364	960	2,349	1,623	948
Levered Free Cash Flow	4,539	1,874	-183.38	4,270	2,704
Unlevered Free Cash Flow	4,552	1,888	-168.38	4,284	2,722
Change in Working Capital	281	91	-1,444	1,414	-202

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