World Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	8,956	10,120	8,455	7,511	6,768
Depreciation & Amortization	2,108	1,780	1,404	921	967
Loss (Gain) From Sale of Assets	41	60	81	38	216
Loss (Gain) From Sale of Investments	181	13	322	253	-175
Other Operating Activities	-3,570	-4,585	-2,162	-1,071	-2,075
Change in Accounts Receivable	-1,387	-1,677	-1,615	-2,448	-710
Change in Inventory	-7,647	-12,653	-12,157	-7,301	13,747
Change in Accounts Payable	-359	2,354	1,617	-279	2,422
Change in Other Net Operating Assets	233	1,233	-710	3,746	-7,390
Operating Cash Flow	-1,444	-3,355	-4,765	1,370	13,770
Operating Cash Flow Growth	-	-	-	-90.05%	408.49%
Capital Expenditures	-2,049	-4,338	-1,670	-879	-1,164
Cash Acquisitions	-3	-6,863	-4,215	-491	-1,912
Divestitures	-	-	-	-	2,035
Sale (Purchase) of Intangibles	-79	-112	-34	-65	-35
Investment in Securities	-193	13	1	-	21
Other Investing Activities	-436	-29	37	-353	89
Investing Cash Flow	-2,970	-11,484	-5,990	-1,782	-1,030
Short-Term Debt Issued	12,426	9,328	1,254	9,167	-
Long-Term Debt Issued	7,621	22,208	24,583	10,595	12,189
Total Debt Issued	20,047	31,536	25,837	19,762	12,189
Short-Term Debt Repaid	-	-	-	-	-7,344
Long-Term Debt Repaid	-12,943	-9,325	-9,316	-9,996	-11,412
Total Debt Repaid	-12,943	-9,325	-9,316	-9,996	-18,756
Net Debt Issued (Repaid)	7,104	22,211	16,521	9,766	-6,567
Issuance of Common Stock	898	53	95	8	706
Common Dividends Paid	-1,862	-1,603	-1,388	-1,775	-887
Other Financing Activities	-145	-82	-164	-9	144
Financing Cash Flow	5,995	20,579	15,064	7,990	-6,604
Foreign Exchange Rate Adjustments	40	31	20	52	3
Miscellaneous Cash Flow Adjustments	75	-1	-	300	164
Net Cash Flow	1,696	5,770	4,329	7,930	6,303
Free Cash Flow	-3,493	-7,693	-6,435	491	12,606
Free Cash Flow Growth	-	-	-	-96.10%	922.38%
Free Cash Flow Margin	-1.44%	-3.60%	-3.50%	0.32%	8.78%
Free Cash Flow Per Share	-196.19	-436.60	-366.02	27.93	724.53
Cash Interest Paid	497	313	221	179	169
Cash Income Tax Paid	3,556	4,561	2,166	1,070	2,072
Levered Free Cash Flow	-4,456	-10,130	-9,731	-1,179	11,010
Unlevered Free Cash Flow	-4,152	-9,938	-9,590	-1,069	11,112
Change in Working Capital	-9,160	-10,743	-12,865	-6,282	8,069

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