World 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	10,929	8,956	10,120	8,455	7,511
Depreciation & Amortization	2,278	2,108	1,780	1,404	921
Loss (Gain) From Sale of Assets	14	41	60	81	38
Loss (Gain) From Sale of Investments	66	181	13	322	253
Loss (Gain) on Equity Investments	8	-	-	-	-
Other Operating Activities	-4,760	-3,570	-4,585	-2,162	-1,071
Change in Accounts Receivable	-2,815	-1,387	-1,677	-1,615	-2,448
Change in Inventory	5,362	-7,647	-12,653	-12,157	-7,301
Change in Accounts Payable	1,582	-359	2,354	1,617	-279
Change in Other Net Operating Assets	2,123	233	1,233	-710	3,746
Operating Cash Flow	14,787	-1,444	-3,355	-4,765	1,370
Operating Cash Flow Growth	-	-	-	-	-90.05%
Capital Expenditures	-11,389	-2,049	-4,338	-1,670	-879
Cash Acquisitions	-1,016	-3	-6,863	-4,215	-491
Divestitures	39	-	-	-	-
Sale (Purchase) of Intangibles	-135	-79	-112	-34	-65
Investment in Securities	-3,803	-193	13	1	-
Other Investing Activities	-401	-436	-29	37	-353
Investing Cash Flow	-16,763	-2,970	-11,484	-5,990	-1,782
Short-Term Debt Issued	-	12,426	9,328	1,254	9,167
Long-Term Debt Issued	11,750	7,621	22,208	24,583	10,595
Total Debt Issued	11,750	20,047	31,536	25,837	19,762
Short-Term Debt Repaid	-1,829	-	-	-	-
Long-Term Debt Repaid	-9,935	-12,943	-9,325	-9,316	-9,996
Total Debt Repaid	-11,764	-12,943	-9,325	-9,316	-9,996
Net Debt Issued (Repaid)	-14	7,104	22,211	16,521	9,766
Issuance of Common Stock	8	898	53	95	8
Common Dividends Paid	-1,506	-1,862	-1,603	-1,388	-1,775
Other Financing Activities	-293	-145	-82	-164	-9
Financing Cash Flow	-1,805	5,995	20,579	15,064	7,990
Foreign Exchange Rate Adjustments	20	40	31	20	52
Miscellaneous Cash Flow Adjustments	101	75	-1	-	300
Net Cash Flow	-3,660	1,696	5,770	4,329	7,930
Free Cash Flow	3,398	-3,493	-7,693	-6,435	491
Free Cash Flow Growth	-	-	-	-	-96.10%
Free Cash Flow Margin	1.20%	-1.44%	-3.60%	-3.50%	0.32%
Free Cash Flow Per Share	189.51	-196.19	-436.60	-366.02	27.93
Cash Interest Paid	785	497	313	221	179
Cash Income Tax Paid	4,725	3,556	4,561	2,166	1,070
Levered Free Cash Flow	-405.25	-4,456	-10,130	-9,731	-1,179
Unlevered Free Cash Flow	79.13	-4,152	-9,938	-9,590	-1,069
Change in Working Capital	6,252	-9,160	-10,743	-12,865	-6,282

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