EPCO Co.,Ltd. Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	440	776	471	990	669	Upgrade
Depreciation & Amortization	124	142	144	151	172	Upgrade
Loss (Gain) From Sale of Assets	1	-	-	2	1	Upgrade
Loss (Gain) From Sale of Investments	-	-351	-254	-622	-	Upgrade
Loss (Gain) on Equity Investments	-87	-257	-97	72	-11	Upgrade
Other Operating Activities	-173	66	-402	-273	-172	Upgrade
Change in Accounts Receivable	8	-31	10	-26	98	Upgrade
Change in Inventory	58	-65	-34	-6	-7	Upgrade
Change in Accounts Payable	-16	52	51	27	-11	Upgrade
Change in Other Net Operating Assets	-34	133	-56	-85	-226	Upgrade
Operating Cash Flow	321	465	-167	230	513	Upgrade
Operating Cash Flow Growth	-30.97%	-	-	-55.17%	10.80%	Upgrade
Capital Expenditures	-65	-28	-218	-25	-98	Upgrade
Cash Acquisitions	-	-	-196	-	-238	Upgrade
Divestitures	-	18	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-8	-	-15	-12	-67	Upgrade
Investment in Securities	-473	689	283	526	-329	Upgrade
Other Investing Activities	-6	-	-4	-6	321	Upgrade
Investing Cash Flow	-395	303	-330	483	-411	Upgrade
Short-Term Debt Issued	500	-	-	-	-	Upgrade
Total Debt Issued	500	-	-	-	-	Upgrade
Short-Term Debt Repaid	-	-39	-	-	-	Upgrade
Total Debt Repaid	-	-39	-	-	-	Upgrade
Net Debt Issued (Repaid)	500	-39	-	-	-	Upgrade
Common Dividends Paid	-286	-285	-298	-267	-267	Upgrade
Other Financing Activities	-1	-1	-	-	-	Upgrade
Financing Cash Flow	213	-325	-298	-267	-267	Upgrade
Foreign Exchange Rate Adjustments	56	33	27	27	-10	Upgrade
Miscellaneous Cash Flow Adjustments	2	1	-1	-	-1	Upgrade
Net Cash Flow	197	477	-769	473	-176	Upgrade
Free Cash Flow	256	437	-385	205	415	Upgrade
Free Cash Flow Growth	-41.42%	-	-	-50.60%	242.97%	Upgrade
Free Cash Flow Margin	4.57%	8.64%	-7.99%	4.37%	9.47%	Upgrade
Free Cash Flow Per Share	28.63	48.92	-43.16	23.00	46.57	Upgrade
Cash Interest Paid	2	1	-	-	-	Upgrade
Cash Income Tax Paid	180	-51	407	275	179	Upgrade
Levered Free Cash Flow	213.13	456.63	-378.75	375.75	395.25	Upgrade
Unlevered Free Cash Flow	214.38	457.25	-378.75	375.75	395.25	Upgrade
Change in Working Capital	16	89	-29	-90	-146	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.