TYO:2971 Cash Flow Statement

Financials in millions JPY. Fiscal year is February - January.

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	2,656	2,424	2,277	3,129	2,266	1,990
Depreciation & Amortization	424.58	411.26	372.55	356	307	261
Other Amortization	-	5.31	-	-	-	-
Change in Accounts Receivable	26.76	-11.6	0.06	-11	-9	-11
Change in Accounts Payable	68.45	161.11	-38.02	115	-17	70
Change in Other Net Operating Assets	317.64	8,434	-10.57	-	-	-
Other Operating Activities	-8.25	1.03	-1.45	259	-310	83
Operating Cash Flow	3,485	11,425	2,600	3,848	2,237	2,393
Operating Cash Flow Growth	-67.59%	339.50%	-32.44%	72.02%	-6.52%	19.17%
Acquisition of Real Estate Assets	-1,674	-9,542	-174.34	-224	-17,855	-10,540
Net Sale / Acq. of Real Estate Assets	-1,674	-9,542	-174.34	-224	-17,855	-10,540
Other Investing Activities	54.71	151.15	-13.29	112	719	275
Investing Cash Flow	-1,619	-9,391	-187.64	-112	-17,136	-10,265
Long-Term Debt Issued	-	2,386	4,610	-	-	-
Total Debt Issued	8,285	2,386	4,610	-	9,015	4,610
Long-Term Debt Repaid	-	-2,386	-4,610	-	-	-
Total Debt Repaid	-7,125	-2,386	-4,610	-354	-	-
Net Debt Issued (Repaid)	1,160	-	-	-354	9,015	4,610
Issuance of Common Stock	-	1,061	-	-	9,645	5,479
Common Dividends Paid	-2,422	-2,307	-3,000	-2,531	-2,016	-1,851
Other Financing Activities	-	-	-	-	-1	-1
Miscellaneous Cash Flow Adjustments	-0	-0	-0.01	-2	-1	-
Net Cash Flow	604.11	788.28	-588.33	849	1,743	365
Cash Interest Paid	342.03	240.47	161.89	163	146	121
Cash Income Tax Paid	2.17	1.75	1.87	1	-	-
Levered Free Cash Flow	2,243	2,254	-	1,993	-17,345	-9,330
Unlevered Free Cash Flow	2,457	2,405	-	2,167	-17,157	-9,207
Change in Working Capital	412.85	8,584	-48.53	104	-26	59

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.