Hibino Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	3,259	2,789	1,236	1,822	-2,904
Depreciation & Amortization	3,759	3,223	2,868	2,942	2,970
Loss (Gain) From Sale of Assets	-16	50	23	101	248
Loss (Gain) From Sale of Investments	218	6	-	-	-
Other Operating Activities	-1,186	-413	-833	758	529
Change in Accounts Receivable	-204	-689	-3,303	701	212
Change in Inventory	-787	-230	-2,371	582	635
Change in Accounts Payable	-1,170	668	525	-129	-833
Change in Other Net Operating Assets	-285	1,565	-587	-759	-1,954
Operating Cash Flow	3,588	6,969	-2,442	6,018	-1,097
Operating Cash Flow Growth	-48.52%	-	-	-	-
Capital Expenditures	-2,951	-3,400	-2,679	-1,791	-1,974
Sale of Property, Plant & Equipment	215	146	70	16	2
Cash Acquisitions	-1,741	-450	-296	-	-
Sale (Purchase) of Intangibles	-229	-112	-126	-38	-38
Investment in Securities	-1	-247	7	-	88
Other Investing Activities	-105	-90	212	-26	-342
Investing Cash Flow	-4,842	-4,200	-3,060	-1,899	-2,174
Short-Term Debt Issued	923	-	5,054	-	3,760
Long-Term Debt Issued	5,200	4,720	4,300	4,211	4,375
Total Debt Issued	6,123	4,720	9,354	4,211	8,135
Short-Term Debt Repaid	-	-503	-	-4,494	-
Long-Term Debt Repaid	-4,595	-4,888	-4,362	-3,585	-3,250
Total Debt Repaid	-4,595	-5,391	-4,362	-8,079	-3,250
Net Debt Issued (Repaid)	1,528	-671	4,992	-3,868	4,885
Issuance of Common Stock	-	-	48	-	-
Repurchase of Common Stock	-	-	-	-	-99
Common Dividends Paid	-694	-298	-297	-198	-224
Other Financing Activities	-116	-334	-193	-372	-255
Financing Cash Flow	718	-1,303	4,550	-4,438	4,307
Foreign Exchange Rate Adjustments	-19	107	61	81	61
Miscellaneous Cash Flow Adjustments	1	-	68	1	-
Net Cash Flow	-554	1,573	-823	-237	1,097
Free Cash Flow	637	3,569	-5,121	4,227	-3,071
Free Cash Flow Growth	-82.15%	-	-	-	-
Free Cash Flow Margin	1.07%	7.07%	-12.22%	9.96%	-10.06%
Free Cash Flow Per Share	64.15	359.71	-517.33	427.53	-310.20
Cash Interest Paid	210	149	129	95	88
Cash Income Tax Paid	1,161	391	806	-6	543
Levered Free Cash Flow	1,562	3,360	-5,303	3,700	-2,597
Unlevered Free Cash Flow	1,690	3,453	-5,225	3,757	-2,544
Change in Working Capital	-2,446	1,314	-5,736	395	-1,940

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