GVA TECH,Inc. Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-532.38	-431.54	-297.14
Depreciation & Amortization	135.94	76.42	39.28
Loss (Gain) From Sale of Assets	-	0.82	0.03
Stock-Based Compensation	-	39.17	-
Other Operating Activities	0.64	4.6	-0.11
Change in Accounts Receivable	-22.25	-34.92	2.86
Change in Inventory	-5.88	-4.77	-0.24
Change in Accounts Payable	0.5	0.56	0.32
Change in Unearned Revenue	85.7	56.32	9.38
Change in Other Net Operating Assets	40.93	30.79	7.04
Operating Cash Flow	-296.82	-262.57	-238.59
Capital Expenditures	-21.09	-4.12	-2.3
Sale (Purchase) of Intangibles	-360.04	-211.06	-149.95
Investment in Securities	-	-5.06	-3.89
Other Investing Activities	-0	-0	-
Investing Cash Flow	-381.13	-220.25	-156.14
Short-Term Debt Issued	-	101.24	-
Long-Term Debt Issued	-	-	200
Total Debt Issued	-	101.24	200
Short-Term Debt Repaid	-17.94	-	-
Long-Term Debt Repaid	-104.74	-36.67	-20
Total Debt Repaid	-122.67	-36.67	-20
Net Debt Issued (Repaid)	-122.67	64.57	180
Issuance of Common Stock	806.38	799.99	150
Other Financing Activities	-0	-	-
Financing Cash Flow	683.7	864.56	330
Miscellaneous Cash Flow Adjustments	-0	-	-
Net Cash Flow	5.75	381.75	-64.73
Free Cash Flow	-317.91	-266.69	-240.89
Free Cash Flow Margin	-27.28%	-36.62%	-57.54%
Free Cash Flow Per Share	-86.36	-85.09	-92.42
Cash Interest Paid	7.9	9.88	5.85
Cash Income Tax Paid	0.53	0.29	0.29
Levered Free Cash Flow	-472.59	-315.35	-
Unlevered Free Cash Flow	-467.65	-309.14	-
Change in Working Capital	98.99	47.97	19.36

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