S-Pool Cash Flow Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	1,444	2,569	2,649	2,908	2,640
Depreciation & Amortization	3,768	3,394	2,613	868	671
Loss (Gain) From Sale of Assets	-	-	-	47	13
Asset Writedown & Restructuring Costs	178	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	163	20
Other Operating Activities	-1,230	-815	-1,138	-786	-743
Change in Accounts Receivable	436	-1,037	249	-29	-452
Change in Inventory	-220	-77	-105	75	-82
Change in Accounts Payable	1,244	373	-16	-94	159
Change in Other Net Operating Assets	-	664	-155	-290	-31
Operating Cash Flow	5,620	5,071	4,097	2,862	2,195
Operating Cash Flow Growth	10.83%	23.77%	43.15%	30.39%	-1.75%
Capital Expenditures	-1,904	-3,264	-4,171	-2,763	-2,143
Sale (Purchase) of Intangibles	-24	-72	-48	-12	-25
Sale (Purchase) of Real Estate	-3	-	-	-	-
Investment in Securities	-	-	-	36	-199
Other Investing Activities	-165	-57	-353	-111	-147
Investing Cash Flow	-2,096	-3,393	-4,572	-2,850	-2,514
Short-Term Debt Issued	-	700	350	-	1,100
Long-Term Debt Issued	1,500	2,000	3,000	-	1,000
Total Debt Issued	1,500	2,700	3,350	-	2,100
Short-Term Debt Repaid	-600	-	-	-	-
Long-Term Debt Repaid	-3,591	-965	-471	-228	-97
Total Debt Repaid	-4,191	-965	-471	-228	-97
Net Debt Issued (Repaid)	-2,691	1,735	2,879	-228	2,003
Repurchase of Common Stock	-274	-	-	-	-
Common Dividends Paid	-789	-787	-631	-472	-259
Other Financing Activities	-1	-2,190	-1,608	-37	-2
Financing Cash Flow	-3,755	-1,242	640	-737	1,742
Miscellaneous Cash Flow Adjustments	-	-1	1	-	-
Net Cash Flow	-231	435	166	-725	1,423
Free Cash Flow	3,716	1,807	-74	99	52
Free Cash Flow Growth	105.64%	-	-	90.39%	-55.17%
Free Cash Flow Margin	14.28%	7.07%	-0.29%	0.37%	0.21%
Free Cash Flow Per Share	47.45	22.87	-0.94	1.25	0.66
Cash Interest Paid	297	213	127	30	25
Cash Income Tax Paid	870	816	1,138	787	741
Levered Free Cash Flow	-	1,325	-176.25	149.75	-350.88
Unlevered Free Cash Flow	-	1,452	-99.38	168.5	-335.88
Change in Working Capital	1,460	-77	-27	-338	-406

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