NS Solutions Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	27,767	39,076	35,437	32,101	30,109	25,318
Depreciation & Amortization	13,119	12,134	12,050	12,620	5,988	6,610
Loss (Gain) From Sale of Assets	-	11	177	1,151	29	50
Loss (Gain) From Sale of Investments	-	-	-	-	-	-2,034
Loss (Gain) on Equity Investments	-4	21	-31	-18	-39	53
Other Operating Activities	-39,991	-14,022	-11,967	-10,911	-7,295	-8,846
Change in Accounts Receivable	-12,636	-1,045	-2,728	-9,848	272	1,407
Change in Inventory	-948	-6,818	-3,608	-1,846	-1,013	-1,531
Change in Accounts Payable	3,802	11,537	7,045	5,581	1,825	-1,814
Change in Other Net Operating Assets	1,088	-3,687	-10,221	-2,798	2,437	-1,669
Operating Cash Flow	-7,803	37,207	26,154	26,032	32,313	17,544
Operating Cash Flow Growth	-	42.26%	0.47%	-19.44%	84.18%	-9.41%
Capital Expenditures	-4,530	-3,513	-3,122	-4,400	-5,337	-3,644
Cash Acquisitions	-54,423	-	-8,143	-	-	-
Divestitures	-	1,314	-	-	-	-
Investment in Securities	-156	-183	-36	-49	-3,234	2,105
Other Investing Activities	-359	72,631	2,731	-1,186	31	-47
Investing Cash Flow	-59,468	70,249	-8,570	-5,635	-8,540	10,414
Repurchase of Common Stock	-	-62	-51	-50	-	-
Common Dividends Paid	-14,180	-10,795	-7,319	-6,496	-5,261	-5,261
Other Financing Activities	-469	-7,948	-7,708	-8,397	-1,584	-2,134
Financing Cash Flow	-21,820	-18,805	-15,078	-14,943	-6,845	-7,395
Foreign Exchange Rate Adjustments	130	304	148	163	199	-20
Miscellaneous Cash Flow Adjustments	-2	1	-2	-1	-1	-
Net Cash Flow	-88,963	88,956	2,652	5,616	17,126	20,543
Free Cash Flow	-12,333	33,694	23,032	21,632	26,976	13,900
Free Cash Flow Growth	-	46.29%	6.47%	-19.81%	94.07%	0.80%
Free Cash Flow Margin	-3.30%	9.96%	7.41%	7.42%	9.98%	5.52%
Free Cash Flow Per Share	-67.40	184.15	125.87	118.22	147.41	75.96
Cash Interest Paid	208	216	93	101	43	7
Cash Income Tax Paid	49,328	14,044	11,968	10,912	7,299	8,846
Levered Free Cash Flow	-	65,122	21,643	17,658	21,968	24,440
Unlevered Free Cash Flow	-	65,257	21,700	17,721	21,994	24,445
Change in Working Capital	-8,694	-13	-9,512	-8,911	3,521	-3,607

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