SOSiLA Logistics REIT 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	3,957	3,744	3,592	3,291	2,979	2,503
Depreciation & Amortization	1,531	1,547	1,542	1,403	1,156	882.11
Other Amortization	10.72	7.15	7.15	39.92	47.02	0.94
Change in Accounts Receivable	42.92	50.6	-89.96	10.65	-18	-45.11
Change in Accounts Payable	44.94	28.33	-39.99	45.25	20.12	-67.35
Change in Other Net Operating Assets	5,381	2,556	1,030	-135.3	864.7	3,534
Other Operating Activities	-83.4	-3.01	-204.42	201.22	1.77	-1,208
Operating Cash Flow	10,884	7,930	5,836	4,855	5,051	5,599
Operating Cash Flow Growth	118.26%	35.88%	20.20%	-3.88%	-9.78%	-
Acquisition of Real Estate Assets	-4,883	-4,913	-1,420	-20,488	-20,480	-24,635
Net Sale / Acq. of Real Estate Assets	-4,883	-4,913	-1,420	-20,488	-20,480	-24,635
Investment in Marketable & Equity Securities	-1,531	-1,539	-	-	-	-
Other Investing Activities	19.89	137.03	127.71	466.15	456.03	622.54
Investing Cash Flow	-6,400	-6,315	-1,293	-20,022	-20,024	-24,013
Short-Term Debt Issued	-	-	1,320	4,690	4,060	-
Long-Term Debt Issued	-	5,940	10,979	11,485	9,100	-
Total Debt Issued	5,940	5,940	12,299	16,175	13,160	11,200
Short-Term Debt Repaid	-	-1,320	-3,590	-4,890	-3,870	-
Long-Term Debt Repaid	-	-1,320	-8,000	-	-	-
Total Debt Repaid	-2,640	-2,640	-11,590	-4,890	-3,870	-3,500
Net Debt Issued (Repaid)	3,300	3,300	708.84	11,285	9,290	7,700
Issuance of Common Stock	-	-	-	5,918	10,718	11,062
Common Dividends Paid	-4,226	-4,040	-3,970	-3,580	-3,115	-2,344
Other Financing Activities	-0	-0	-	-0	-	-1
Miscellaneous Cash Flow Adjustments	-	0	-0	-	0	-
Net Cash Flow	3,558	875.13	1,282	-1,542	1,920	-1,997
Cash Interest Paid	447.42	405.61	366.49	296.72	230.88	188.4
Cash Income Tax Paid	8.03	3.06	2.25	2.06	1.92	1.72
Levered Free Cash Flow	-	4,027	4,490	3,718	-	-
Unlevered Free Cash Flow	-	4,278	4,719	3,904	-	-
Change in Working Capital	5,468	2,635	899.82	-79.39	866.82	3,421

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