KIDS STAR 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	104.92	109.7	75.46
Depreciation & Amortization	0.18	100.67	82.12
Other Amortization	111.44	-	-
Loss (Gain) From Sale of Assets	5.71	2.18	-0.09
Other Operating Activities	4.27	9.41	-25.35
Change in Accounts Receivable	-60.75	21.89	-16.03
Change in Inventory	-0.64	-	-
Change in Accounts Payable	4.53	-1.02	0.44
Change in Unearned Revenue	67.75	54.44	43.88
Change in Other Net Operating Assets	-7.66	6.6	11.63
Operating Cash Flow	229.76	303.88	172.08
Operating Cash Flow Growth	-24.39%	76.59%	-
Sale of Property, Plant & Equipment	-	-	0.15
Sale (Purchase) of Intangibles	-198.64	-124.85	-100.65
Other Investing Activities	-	0.14	-3.45
Investing Cash Flow	-198.64	-124.71	-103.95
Issuance of Common Stock	1,655	-	1.04
Other Financing Activities	-14.76	-	-
Financing Cash Flow	1,640	-	1.04
Miscellaneous Cash Flow Adjustments	0	-0	-
Net Cash Flow	1,671	179.17	69.17
Cash Income Tax Paid	45.31	34.33	45.31
Levered Free Cash Flow	27.76	175.07	-
Unlevered Free Cash Flow	27.76	175.07	-
Change in Working Capital	3.24	81.92	39.93

Source: S&P Global Market Intelligence. Standard template. Financial Sources.