Arbeit-Times 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	-451	-3	40	12	-562
Depreciation & Amortization	39	36	32	34	36
Loss (Gain) From Sale of Assets	552	-	-	-	44
Loss (Gain) From Sale of Investments	-13	50	27	-	-
Loss (Gain) on Equity Investments	-	-	-	-4	-3
Other Operating Activities	-1	-3	4	47	82
Change in Accounts Receivable	37	-19	-21	-52	105
Change in Inventory	-	1	-4	-	4
Change in Accounts Payable	-61	-1	-13	49	-77
Change in Other Net Operating Assets	-5	107	-42	37	-66
Operating Cash Flow	97	168	23	123	-437
Operating Cash Flow Growth	-42.26%	630.44%	-81.30%	-	-
Capital Expenditures	-17	-1	-9	-3	-
Divestitures	-	-	-	10	-
Sale (Purchase) of Intangibles	-143	-93	-170	-223	-65
Investment in Securities	13	-50	-27	-	-
Other Investing Activities	1	-19	-	-3	5
Investing Cash Flow	-146	-163	-206	-209	-51
Repurchase of Common Stock	-	-836	-98	-	-
Common Dividends Paid	-94	-78	-80	-	-183
Other Financing Activities	-4	-5	-7	-4	-4
Financing Cash Flow	-98	-919	-185	-4	-187
Foreign Exchange Rate Adjustments	2	4	6	-	-
Miscellaneous Cash Flow Adjustments	1	-	-	-1	-1
Net Cash Flow	-144	-910	-362	-91	-676
Free Cash Flow	80	167	14	120	-437
Free Cash Flow Growth	-52.10%	1092.86%	-88.33%	-	-
Free Cash Flow Margin	1.92%	3.87%	0.35%	3.31%	-14.10%
Free Cash Flow Per Share	4.37	6.68	0.54	4.55	-16.56
Cash Income Tax Paid	19	8	12	-26	-44
Levered Free Cash Flow	-160.5	24.5	-197.63	-97	-304.63
Unlevered Free Cash Flow	-160.5	24.5	-197.63	-97	-304.63
Change in Working Capital	-29	88	-80	34	-34

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