TSUKADA GLOBAL HOLDINGS Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7,139	7,694	5,993	3,829	-7,083
Depreciation & Amortization	4,502	3,914	3,993	4,032	4,112
Loss (Gain) From Sale of Assets	37	849	254	655	1,536
Loss (Gain) From Sale of Investments	2,571	-	-	166	69
Loss (Gain) on Equity Investments	-	160	173	93	178
Other Operating Activities	-2,050	-1,084	-583	-360	-46
Change in Accounts Receivable	-571	-272	-224	-478	-183
Change in Inventory	-49	-79	-2	16	26
Change in Accounts Payable	73	359	-604	676	2,102
Change in Other Net Operating Assets	-1,312	-1,147	-925	-671	-1,610
Operating Cash Flow	10,340	10,394	8,075	7,958	-899
Operating Cash Flow Growth	-0.52%	28.72%	1.47%	-	-
Capital Expenditures	-3,459	-10,430	-8,976	-1,506	-780
Sale of Property, Plant & Equipment	5	-	1	2,774	-
Cash Acquisitions	-3,407	-2,600	-	-	-52
Sale (Purchase) of Intangibles	-231	-70	-6	-425	-107
Investment in Securities	-	-1,196	-253	1,117	-1,525
Other Investing Activities	-390	804	-130	117	548
Investing Cash Flow	-7,258	-11,132	-11,764	2,077	-1,916
Long-Term Debt Issued	31,498	18,813	10,220	9,488	3,089
Total Debt Issued	31,498	18,813	10,220	9,488	3,089
Short-Term Debt Repaid	-	-	-	-500	-1,289
Long-Term Debt Repaid	-26,685	-15,687	-8,503	-14,372	-4,785
Total Debt Repaid	-26,685	-15,687	-8,503	-14,872	-6,074
Net Debt Issued (Repaid)	4,813	3,126	1,717	-5,384	-2,985
Repurchase of Common Stock	-199	-	-	-	-
Common Dividends Paid	-570	-476	-476	-	-
Other Financing Activities	-447	80	-72	-36	7
Financing Cash Flow	3,597	2,730	1,169	-5,420	-2,978
Foreign Exchange Rate Adjustments	129	185	287	83	43
Miscellaneous Cash Flow Adjustments	-	-	1	-	-1
Net Cash Flow	6,808	2,177	-2,232	4,698	-5,751
Free Cash Flow	6,881	-36	-901	6,452	-1,679
Free Cash Flow Margin	9.41%	-0.06%	-1.57%	12.48%	-5.02%
Free Cash Flow Per Share	145.19	-0.76	-18.89	135.26	-35.20
Cash Interest Paid	1,551	783	505	490	453
Cash Income Tax Paid	2,016	1,122	1,295	430	-7
Levered Free Cash Flow	6,152	107.5	-5,124	2,915	-190
Unlevered Free Cash Flow	7,106	625.63	-4,804	3,219	95.63
Change in Working Capital	-1,859	-1,139	-1,755	-457	335

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