SRE Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	2,971	2,056	1,619	1,246	1,023
Depreciation & Amortization	705	374	317	271	221
Loss (Gain) From Sale of Assets	69	9	89	53	-
Loss (Gain) From Sale of Investments	-132	-7	-	-	-
Loss (Gain) on Equity Investments	-	8	-	-	-5
Other Operating Activities	-1,104	-487	-406	-444	-363
Change in Accounts Receivable	234	-99	-775	-35	-147
Change in Inventory	135	-1,739	3,613	-8,543	-4,591
Change in Accounts Payable	-1,005	198	136	74	186
Change in Other Net Operating Assets	-1,438	139	-233	73	110
Operating Cash Flow	435	452	4,360	-7,305	-3,566
Operating Cash Flow Growth	-3.76%	-89.63%	-	-	-
Capital Expenditures	-250	-50	-175	-482	-9
Cash Acquisitions	-695	-47	316	-556	-
Divestitures	127	108	-	-	-
Sale (Purchase) of Intangibles	-449	-328	-404	-368	-244
Investment in Securities	355	-3	-30	-158	-
Other Investing Activities	-10	-56	-134	-73	-
Investing Cash Flow	-1,366	-376	-427	-1,637	-253
Short-Term Debt Issued	-	-	-	414	261
Long-Term Debt Issued	9,460	9,228	4,748	10,588	3,411
Total Debt Issued	9,460	9,228	4,748	11,002	3,672
Short-Term Debt Repaid	-72	-106	-358	-	-
Long-Term Debt Repaid	-7,205	-9,419	-7,605	-2,583	-480
Total Debt Repaid	-7,277	-9,525	-7,963	-2,583	-480
Net Debt Issued (Repaid)	2,183	-297	-3,215	8,419	3,192
Issuance of Common Stock	53	21	76	887	70
Repurchase of Common Stock	-309	-190	-	-	-
Other Financing Activities	8	-88	14	-1	13
Financing Cash Flow	1,935	-554	-3,125	9,305	3,275
Miscellaneous Cash Flow Adjustments	1	1	-	-2	-1
Net Cash Flow	1,005	-477	808	361	-545
Free Cash Flow	185	402	4,185	-7,787	-3,575
Free Cash Flow Growth	-53.98%	-90.39%	-	-	-
Free Cash Flow Margin	0.69%	1.66%	22.57%	-57.38%	-48.71%
Free Cash Flow Per Share	11.43	24.57	256.96	-488.64	-225.95
Cash Interest Paid	161	83	88	53	18
Cash Income Tax Paid	1,104	488	410	447	366
Levered Free Cash Flow	-632.13	-83.38	3,565	-8,238	-3,802
Unlevered Free Cash Flow	-531.5	-31.5	3,620	-8,205	-3,790
Change in Working Capital	-2,074	-1,501	2,741	-8,431	-4,442

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