J-Holdings 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	-252	-384	-294	-266	-149
Depreciation & Amortization	6	61	114	31	5
Loss (Gain) From Sale of Assets	-	135	-	1	8
Loss (Gain) From Sale of Investments	-	-	-4	-	-
Other Operating Activities	-3	17	-27	1	-4
Change in Accounts Receivable	-17	22	-23	-	-1
Change in Inventory	-2	-	-	-	-
Change in Other Net Operating Assets	-89	-70	36	89	56
Operating Cash Flow	-357	-219	-198	-144	-85
Capital Expenditures	-171	-	-6	-19	-5
Cash Acquisitions	-	-	-	-319	-
Investment in Securities	-	-	4	-	-
Other Investing Activities	-	-21	-	-1	5
Investing Cash Flow	-171	-71	-2	-339	-
Short-Term Debt Issued	-	70	-	-	-
Total Debt Issued	-	70	-	-	-
Short-Term Debt Repaid	-70	-	-	-	-
Total Debt Repaid	-70	-	-	-	-
Net Debt Issued (Repaid)	-70	70	-	-	-
Issuance of Common Stock	408	97	99	523	-
Other Financing Activities	230	153	-	-	-
Financing Cash Flow	568	320	99	523	-
Miscellaneous Cash Flow Adjustments	-1	-	1	-1	-
Net Cash Flow	39	30	-100	39	-85
Free Cash Flow	-528	-219	-204	-163	-90
Free Cash Flow Margin	-279.37%	-122.35%	-116.57%	-146.85%	-77.59%
Free Cash Flow Per Share	-61.11	-31.28	-30.80	-32.66	-20.77
Cash Income Tax Paid	2	-16	8	-	7
Levered Free Cash Flow	-407.38	-159.88	-80	-14.63	-32.63
Unlevered Free Cash Flow	-407.38	-159.88	-80	-14.63	-32.63
Change in Working Capital	-108	-48	13	89	55

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