J-Holdings 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	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-384	-294	-266	-149
Depreciation & Amortization	61	114	31	5
Loss (Gain) From Sale of Assets	135	-	1	8
Loss (Gain) From Sale of Investments	-	-4	-	-
Other Operating Activities	17	-27	1	-4
Change in Accounts Receivable	22	-23	-	-1
Change in Other Net Operating Assets	-70	36	89	56
Operating Cash Flow	-219	-198	-144	-85
Capital Expenditures	-	-6	-19	-5
Cash Acquisitions	-	-	-319	-
Investment in Securities	-	4	-	-
Other Investing Activities	-21	-	-1	5
Investing Cash Flow	-71	-2	-339	-
Short-Term Debt Issued	70	-	-	-
Total Debt Issued	70	-	-	-
Net Debt Issued (Repaid)	70	-	-	-
Issuance of Common Stock	97	99	523	-
Other Financing Activities	153	-	-	-
Financing Cash Flow	320	99	523	-
Miscellaneous Cash Flow Adjustments	-	1	-1	-
Net Cash Flow	30	-100	39	-85
Free Cash Flow	-219	-204	-163	-90
Free Cash Flow Margin	-122.35%	-116.57%	-146.85%	-77.59%
Free Cash Flow Per Share	-31.28	-30.80	-32.66	-20.77
Cash Income Tax Paid	-16	8	-	7
Levered Free Cash Flow	-159.88	-80	-14.63	-32.63
Unlevered Free Cash Flow	-159.88	-80	-14.63	-32.63
Change in Working Capital	-48	13	89	55

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