Kyodo Public Relations 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	1,305	1,033	861	768	287
Depreciation & Amortization	191	203	217	136	65
Loss (Gain) From Sale of Assets	-	-	-	16	3
Loss (Gain) From Sale of Investments	-	48	-	-	85
Loss (Gain) on Equity Investments	2	-	7	-6	-1
Other Operating Activities	-445	-251	-348	-208	-43
Change in Accounts Receivable	-386	-38	-60	-111	-84
Change in Inventory	-7	-3	-	13	-62
Change in Accounts Payable	159	-129	147	45	8
Change in Other Net Operating Assets	36	48	-54	-107	183
Operating Cash Flow	855	911	770	546	441
Operating Cash Flow Growth	-6.15%	18.31%	41.03%	23.81%	14.84%
Capital Expenditures	-51	-33	-53	-66	-155
Sale of Property, Plant & Equipment	-	-	-	42	-
Cash Acquisitions	-61	-	3	-320	-30
Investment in Securities	-9	-4	-11	-52	11
Other Investing Activities	13	1	27	-1	149
Investing Cash Flow	-108	-36	-34	-397	-25
Long-Term Debt Issued	-	-	-	550	300
Total Debt Issued	-	-	-	550	300
Short-Term Debt Repaid	-	-	-	-	-100
Long-Term Debt Repaid	-192	-237	-262	-390	-133
Total Debt Repaid	-192	-237	-262	-390	-233
Net Debt Issued (Repaid)	-192	-237	-262	160	67
Issuance of Common Stock	2	13	6	164	51
Repurchase of Common Stock	-	-	-49	-47	-50
Common Dividends Paid	-104	-86	-69	-57	-47
Other Financing Activities	-133	-	-	-1	-6
Financing Cash Flow	-427	-310	-374	219	15
Foreign Exchange Rate Adjustments	-	5	2	5	-3
Miscellaneous Cash Flow Adjustments	-2	-2	-	1	-
Net Cash Flow	318	568	364	374	428
Free Cash Flow	804	878	717	480	286
Free Cash Flow Growth	-8.43%	22.45%	49.38%	67.83%	-19.44%
Free Cash Flow Margin	9.40%	11.99%	10.40%	9.12%	5.10%
Free Cash Flow Per Share	90.25	99.95	82.34	55.82	33.35
Cash Interest Paid	5	5	6	5	2
Cash Income Tax Paid	448	250	348	207	28
Levered Free Cash Flow	736.25	881.13	685.88	410.88	289.88
Unlevered Free Cash Flow	739.38	884.88	689.63	414	291.13
Change in Working Capital	-198	-122	33	-160	45

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