Cube System Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,771	1,590	1,480	1,432	1,283
Depreciation & Amortization	57	43	51	60	59
Loss (Gain) From Sale of Investments	-52	-38	-17	-	-11
Other Operating Activities	-475	-528	-418	-578	-268
Change in Accounts Receivable	-406	-229	-117	3	-224
Change in Inventory	1	7	6	67	-57
Change in Accounts Payable	-117	239	-97	-13	163
Change in Other Net Operating Assets	-524	-40	3	44	98
Operating Cash Flow	255	1,044	891	1,015	1,043
Operating Cash Flow Growth	-75.58%	17.17%	-12.22%	-2.69%	39.63%
Capital Expenditures	-39	-69	-12	-43	-39
Investment in Securities	104	-149	-299	-64	120
Other Investing Activities	-133	-41	7	-27	-23
Investing Cash Flow	-68	-259	-304	-134	58
Short-Term Debt Issued	-	-	-	-	40
Total Debt Issued	-	-	-	-	40
Short-Term Debt Repaid	-	-10	-	-40	-
Total Debt Repaid	-	-10	-	-40	-
Net Debt Issued (Repaid)	-	-10	-	-40	40
Issuance of Common Stock	-	-	1,255	-	-
Repurchase of Common Stock	-151	-	383	-	-
Common Dividends Paid	-629	-661	-536	-283	-250
Other Financing Activities	-	-1	-	-1	-5
Financing Cash Flow	-780	-672	1,102	-324	-215
Foreign Exchange Rate Adjustments	-8	-1	-1	10	4
Miscellaneous Cash Flow Adjustments	-	-1	-1	1	-
Net Cash Flow	-601	111	1,687	568	890
Free Cash Flow	216	975	879	972	1,004
Free Cash Flow Growth	-77.85%	10.92%	-9.57%	-3.19%	34.58%
Free Cash Flow Margin	1.18%	5.41%	5.38%	6.04%	6.79%
Free Cash Flow Per Share	14.35	64.31	62.49	71.85	73.88
Cash Interest Paid	1	1	1	1	1
Cash Income Tax Paid	473	524	420	579	264
Levered Free Cash Flow	379.13	926.38	826.88	823.63	974.13
Unlevered Free Cash Flow	379.75	927	827.5	824.25	974.75
Change in Working Capital	-1,046	-23	-205	101	-20

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