NS Solutions Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	30,832	39,076	35,437	32,101	30,109
Depreciation & Amortization	13,889	12,134	12,050	12,620	5,988
Loss (Gain) From Sale of Assets	-	11	177	1,151	29
Loss (Gain) on Equity Investments	-31	21	-31	-18	-39
Other Operating Activities	-40,364	-14,022	-11,967	-10,911	-7,295
Change in Accounts Receivable	-8,454	-1,045	-2,728	-9,848	272
Change in Inventory	-621	-6,818	-3,608	-1,846	-1,013
Change in Accounts Payable	-1,687	11,537	7,045	5,581	1,825
Change in Other Net Operating Assets	3,027	-3,687	-10,221	-2,798	2,437
Operating Cash Flow	-3,409	37,207	26,154	26,032	32,313
Operating Cash Flow Growth	-	42.26%	0.47%	-19.44%	84.18%
Capital Expenditures	-5,365	-3,513	-3,122	-4,400	-5,337
Cash Acquisitions	-54,423	-	-8,143	-	-
Divestitures	-	1,314	-	-	-
Investment in Securities	152	-183	-36	-49	-3,234
Other Investing Activities	256	72,631	2,731	-1,186	31
Investing Cash Flow	-59,380	70,249	-8,570	-5,635	-8,540
Long-Term Debt Repaid	-6,974	-	-	-	-
Net Debt Issued (Repaid)	-6,974	-	-	-	-
Repurchase of Common Stock	-	-62	-51	-50	-
Common Dividends Paid	-14,180	-10,795	-7,319	-6,496	-5,261
Other Financing Activities	-466	-7,948	-7,708	-8,397	-1,584
Financing Cash Flow	-21,620	-18,805	-15,078	-14,943	-6,845
Foreign Exchange Rate Adjustments	276	304	148	163	199
Miscellaneous Cash Flow Adjustments	-	1	-2	-1	-1
Net Cash Flow	-84,133	88,956	2,652	5,616	17,126
Free Cash Flow	-8,774	33,694	23,032	21,632	26,976
Free Cash Flow Growth	-	46.29%	6.47%	-19.81%	94.07%
Free Cash Flow Margin	-2.30%	9.96%	7.41%	7.42%	9.98%
Free Cash Flow Per Share	-47.95	184.15	125.87	118.22	147.41
Cash Interest Paid	206	216	93	101	43
Cash Income Tax Paid	49,246	14,044	11,968	10,912	7,299
Levered Free Cash Flow	-17,174	65,122	21,643	17,658	21,968
Unlevered Free Cash Flow	-17,006	65,257	21,700	17,721	21,994
Change in Working Capital	-7,735	-13	-9,512	-8,911	3,521

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