Honyaku Center Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	2016 - 2020
Net Income	1,099	1,086	1,005	960	838	271	Upgrade
Depreciation & Amortization	52	40	37	33	38	63	Upgrade
Loss (Gain) From Sale of Assets	15	14	2	-	2	193	Upgrade
Loss (Gain) From Sale of Investments	-37	-37	-	-	-	-	Upgrade
Loss (Gain) on Equity Investments	-24	-19	-37	-45	-37	-1	Upgrade
Other Operating Activities	-87	-342	-206	-392	-178	-67	Upgrade
Change in Accounts Receivable	-82	83	-108	-61	16	-61	Upgrade
Change in Inventory	14	32	-3	-14	-22	21	Upgrade
Change in Accounts Payable	-65	-104	65	-40	-1	-8	Upgrade
Change in Other Net Operating Assets	-10	-250	-2	-68	174	28	Upgrade
Operating Cash Flow	875	503	753	373	830	439	Upgrade
Operating Cash Flow Growth	25.72%	-33.20%	101.88%	-55.06%	89.07%	-29.98%	Upgrade
Capital Expenditures	-194	-8	-4	-5	-	-5	Upgrade
Sale of Property, Plant & Equipment	-2	-	2	-	-	-	Upgrade
Cash Acquisitions	-	-	52	-	-	-	Upgrade
Divestitures	-30	-30	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-191	-11	-1	-5	-21	-30	Upgrade
Investment in Securities	-296	-6	-6	-6	-6	56	Upgrade
Other Investing Activities	-87	-140	-103	-12	-27	-2	Upgrade
Investing Cash Flow	-800	-195	-60	-28	-54	19	Upgrade
Common Dividends Paid	-251	-217	-150	-133	-66	-139	Upgrade
Other Financing Activities	-	-	-	-	-	-2	Upgrade
Financing Cash Flow	-251	-217	-150	-133	-66	-141	Upgrade
Foreign Exchange Rate Adjustments	-13	-	7	17	11	-5	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	1	-1	-1	-1	Upgrade
Net Cash Flow	-190	90	551	228	720	311	Upgrade
Free Cash Flow	681	495	749	368	830	434	Upgrade
Free Cash Flow Growth	-1.45%	-33.91%	103.53%	-55.66%	91.24%	-29.09%	Upgrade
Free Cash Flow Margin	6.14%	4.42%	6.63%	3.36%	8.03%	4.38%	Upgrade
Free Cash Flow Per Share	203.23	147.87	224.19	110.36	249.28	130.50	Upgrade
Cash Income Tax Paid	324	344	205	390	179	110	Upgrade
Levered Free Cash Flow	120.75	328.88	710.75	264	751.5	334.25	Upgrade
Unlevered Free Cash Flow	120.75	328.88	710.75	264	751.5	334.25	Upgrade
Change in Working Capital	-143	-239	-48	-183	167	-20	Upgrade

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