ValueCommerce 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	1,142	4,114	5,041	8,319	5,449
Depreciation & Amortization	391	433	473	467	793
Loss (Gain) From Sale of Assets	1,274	-	144	-	2,406
Loss (Gain) From Sale of Investments	88	7	31	-	-
Loss (Gain) on Equity Investments	365	-	-	-	-
Other Operating Activities	-1,171	-975	-2,690	-2,462	-2,485
Change in Accounts Receivable	2,002	-446	527	747	-605
Change in Accounts Payable	-1,899	666	-464	-9	37
Change in Other Net Operating Assets	-269	-338	437	-288	-198
Operating Cash Flow	1,923	3,461	3,499	6,774	5,397
Operating Cash Flow Growth	-44.44%	-1.09%	-48.35%	25.51%	-8.43%
Capital Expenditures	-54	-90	-35	-28	-136
Cash Acquisitions	-196	-	-	-	-
Sale (Purchase) of Intangibles	-308	-347	-390	-315	-277
Investment in Securities	-419	-148	-8	-66	-
Other Investing Activities	-329	-123	29	42	447
Investing Cash Flow	-1,443	-708	-404	-367	34
Issuance of Common Stock	-	-	1	4	4
Repurchase of Common Stock	-	-11,063	-	-	-
Common Dividends Paid	-1,227	-1,441	-1,740	-1,717	-1,352
Other Financing Activities	-2	-7	-6	-7	-7
Financing Cash Flow	-1,229	-12,511	-1,745	-1,720	-1,355
Miscellaneous Cash Flow Adjustments	1	-	-1	-1	-
Net Cash Flow	-748	-9,758	1,349	4,686	4,076
Free Cash Flow	1,869	3,371	3,464	6,746	5,261
Free Cash Flow Growth	-44.56%	-2.69%	-48.65%	28.23%	-9.95%
Free Cash Flow Margin	7.73%	11.09%	11.78%	18.89%	15.68%
Free Cash Flow Per Share	86.24	133.66	107.11	208.57	162.70
Cash Income Tax Paid	1,174	977	2,692	2,462	2,485
Levered Free Cash Flow	174.5	2,730	2,618	5,877	4,749
Unlevered Free Cash Flow	174.5	2,730	2,618	5,877	4,749
Change in Working Capital	-166	-118	500	450	-766