LA Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	8,896	6,830	4,832	4,553	2,840
Depreciation & Amortization	221	191	240	241	208
Loss (Gain) From Sale of Assets	-10	17	4	-2	11
Loss (Gain) From Sale of Investments	-	-	104	-1	-
Loss (Gain) on Equity Investments	38	37	-	-	-
Other Operating Activities	-3,188	-1,495	-1,765	-987	-478
Change in Accounts Receivable	-	-	3	1	15
Change in Inventory	-17,933	-7,226	-6,398	-6,990	-7,513
Change in Accounts Payable	812	279	-202	266	-94
Change in Other Net Operating Assets	-228	-388	-20	-142	-347
Operating Cash Flow	-11,392	-1,755	-3,202	-3,061	-5,358
Capital Expenditures	-2,461	-604	-1,063	-1,699	-1,385
Sale of Property, Plant & Equipment	221	-	-	24	276
Cash Acquisitions	-	-	-374	-	-
Divestitures	-	-	23	-	-
Sale (Purchase) of Intangibles	-	-4	-	-	-2
Investment in Securities	-20	-95	-60	200	-59
Other Investing Activities	-3	-5	-1	-4	-3
Investing Cash Flow	-2,263	-708	-1,403	-1,479	-1,173
Short-Term Debt Issued	5,540	3,839	3,452	1,247	-
Long-Term Debt Issued	36,493	23,278	24,976	15,970	14,364
Total Debt Issued	42,033	27,117	28,428	17,217	14,364
Short-Term Debt Repaid	-	-	-	-	-513
Long-Term Debt Repaid	-24,400	-21,929	-21,070	-9,690	-4,314
Total Debt Repaid	-24,400	-21,929	-21,070	-9,690	-4,827
Net Debt Issued (Repaid)	17,633	5,188	7,358	7,527	9,537
Issuance of Common Stock	8,589	3	1,550	614	1,156
Repurchase of Common Stock	-2	-652	-	-499	-
Common Dividends Paid	-3,053	-1,339	-1,136	-709	-196
Other Financing Activities	1	-	1	-1	-1
Financing Cash Flow	23,168	3,200	7,773	6,932	10,496
Foreign Exchange Rate Adjustments	-	-	39	15	2
Miscellaneous Cash Flow Adjustments	-	-1	-1	513	-
Net Cash Flow	9,513	736	3,206	2,920	3,967
Free Cash Flow	-13,853	-2,359	-4,265	-4,760	-6,743
Free Cash Flow Margin	-29.76%	-5.28%	-13.54%	-26.08%	-45.94%
Free Cash Flow Per Share	-1952.15	-373.82	-696.15	-875.04	-1372.53
Cash Interest Paid	1,008	638	577	407	245
Cash Income Tax Paid	2,894	1,352	1,608	894	378
Levered Free Cash Flow	-13,568	-6,693	-5,339	-9,145	-7,169
Unlevered Free Cash Flow	-12,948	-6,289	-4,989	-8,887	-7,014
Change in Working Capital	-17,349	-7,335	-6,617	-6,865	-7,939

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