Village Vanguard CO.,LTD. Cash Flow Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	-3,396	-4,198	-1,094	89	140	43
Depreciation & Amortization	177	215	277	291	314	328
Loss (Gain) From Sale of Assets	653	709	159	62	243	47
Other Operating Activities	-62	-25	-26	-164	-117	-66
Change in Accounts Receivable	116	-201	66	-22	-455	-107
Change in Inventory	4,398	4,540	-1,217	-106	1,138	-381
Change in Accounts Payable	264	-1,034	838	-216	-106	1,922
Change in Other Net Operating Assets	5	488	61	13	293	437
Operating Cash Flow	2,155	494	-936	-53	1,450	2,223
Operating Cash Flow Growth	-	-	-	-	-34.77%	-
Capital Expenditures	-116	-129	-217	-130	-67	-15
Sale (Purchase) of Intangibles	-39	-34	-80	-30	-125	-145
Other Investing Activities	-143	-109	-109	2	-50	-54
Investing Cash Flow	-298	-272	-406	-158	-242	-214
Short-Term Debt Issued	-	214	6	4	-	-
Long-Term Debt Issued	-	2,290	3,290	3,360	5,707	4,600
Total Debt Issued	1,129	2,504	3,296	3,364	5,707	4,600
Short-Term Debt Repaid	-	-	-	-	-92	-2,001
Long-Term Debt Repaid	-	-2,758	-3,425	-3,999	-5,353	-3,855
Total Debt Repaid	-1,324	-2,758	-3,425	-3,999	-5,445	-5,856
Net Debt Issued (Repaid)	-195	-254	-129	-635	262	-1,256
Common Dividends Paid	-	-120	-120	-120	-120	-121
Other Financing Activities	-58	-72	-92	-108	-138	-174
Financing Cash Flow	-253	-446	-341	-863	4	-1,551
Foreign Exchange Rate Adjustments	-1	3	-	-	1	-
Miscellaneous Cash Flow Adjustments	-	1	-1	-1	-	-2
Net Cash Flow	1,603	-220	-1,684	-1,075	1,213	456
Free Cash Flow	2,039	365	-1,153	-183	1,383	2,208
Free Cash Flow Growth	-	-	-	-	-37.36%	-
Free Cash Flow Margin	8.52%	1.46%	-4.65%	-0.72%	5.17%	7.80%
Free Cash Flow Per Share	260.02	46.54	-146.99	-23.32	176.16	281.09
Cash Interest Paid	196	176	153	128	136	147
Cash Income Tax Paid	64	31	25	165	119	45
Levered Free Cash Flow	4,877	3,519	-1,014	-321.75	1,018	1,854
Unlevered Free Cash Flow	4,997	3,632	-921.25	-241.13	1,103	1,945
Change in Working Capital	4,783	3,793	-252	-331	870	1,871

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.