Kitoku Shinryo 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	7,936	2,501	2,107	1,535	613
Depreciation & Amortization	512	522	525	487	409
Loss (Gain) From Sale of Assets	91	1	4	38	-
Loss (Gain) From Sale of Investments	3	-	20	-188	-
Loss (Gain) on Equity Investments	-	-8	-12	-10	-16
Other Operating Activities	-923	-700	-535	-154	-11
Change in Accounts Receivable	-3,191	-1,723	-1,027	5	-16
Change in Inventory	-12,945	-3,253	719	501	720
Change in Accounts Payable	5,411	896	793	636	-1,332
Change in Other Net Operating Assets	1,940	835	-2,130	1,493	407
Operating Cash Flow	-1,166	-929	464	4,343	774
Operating Cash Flow Growth	-	-	-89.32%	461.11%	9.94%
Capital Expenditures	-571	-803	-298	-639	-351
Sale of Property, Plant & Equipment	-	2	2	-	1
Sale (Purchase) of Intangibles	-6	-19	-12	-25	-17
Investment in Securities	-114	-167	-113	109	-204
Other Investing Activities	-37	3	-	-14	-3
Investing Cash Flow	-728	-985	-421	-569	-574
Short-Term Debt Issued	3,269	3,874	344	-	1,210
Long-Term Debt Issued	3,000	2,000	2,500	3,060	2,500
Total Debt Issued	6,269	5,874	2,844	3,060	3,710
Short-Term Debt Repaid	-	-	-	-3,175	-
Long-Term Debt Repaid	-2,519	-2,700	-2,542	-3,056	-3,898
Total Debt Repaid	-2,519	-2,700	-2,542	-6,231	-3,898
Net Debt Issued (Repaid)	3,750	3,174	302	-3,171	-188
Repurchase of Common Stock	-	-131	-	-	-
Common Dividends Paid	-327	-129	-105	-81	-81
Other Financing Activities	-42	-53	-48	-38	-40
Financing Cash Flow	3,381	2,861	149	-3,290	-309
Foreign Exchange Rate Adjustments	7	40	10	10	20
Miscellaneous Cash Flow Adjustments	-	89	1	-	90
Net Cash Flow	1,494	1,076	203	494	1
Free Cash Flow	-1,737	-1,732	166	3,704	423
Free Cash Flow Growth	-	-	-95.52%	775.65%	-1.63%
Free Cash Flow Margin	-0.99%	-1.46%	0.14%	3.54%	0.39%
Free Cash Flow Per Share	-212.51	-213.13	20.49	457.21	52.21
Cash Interest Paid	170	72	82	65	61
Cash Income Tax Paid	899	700	529	159	13
Levered Free Cash Flow	-2,148	-2,397	-590.25	3,942	-187.75
Unlevered Free Cash Flow	-2,048	-2,353	-539.63	3,984	-149.63
Change in Working Capital	-8,785	-3,245	-1,645	2,635	-221

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