Soliton Systems K.K. 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	2,938	2,171	2,808	2,316	2,523
Depreciation & Amortization	319	347	315	453	461
Loss (Gain) From Sale of Assets	-44	1	-6	3	-9
Loss (Gain) From Sale of Investments	82	-16	2	13	50
Other Operating Activities	-71	-1,328	45	-576	-787
Change in Accounts Receivable	-496	194	-58	-364	-75
Change in Inventory	-501	180	-78	-85	1
Change in Accounts Payable	672	-87	-37	38	-199
Change in Other Net Operating Assets	704	573	652	500	115
Operating Cash Flow	3,603	2,035	3,643	2,298	2,080
Operating Cash Flow Growth	77.05%	-44.14%	58.53%	10.48%	-20.61%
Capital Expenditures	-175	-190	-90	-105	-82
Sale of Property, Plant & Equipment	116	-	461	-	27
Divestitures	-107	-	-	-	-
Sale (Purchase) of Intangibles	-46	-86	-413	-198	-248
Investment in Securities	-9,960	40	-20	-21	-188
Other Investing Activities	1	-1	5	19	27
Investing Cash Flow	-10,171	-237	-57	-305	-464
Short-Term Debt Issued	-	-	-	50	-
Total Debt Issued	-	-	-	50	-
Short-Term Debt Repaid	-63	-6	-63	-	-6
Long-Term Debt Repaid	-	-	-	-25	-100
Total Debt Repaid	-63	-6	-63	-25	-106
Net Debt Issued (Repaid)	-63	-6	-63	25	-106
Repurchase of Common Stock	-	-	-	-	-114
Common Dividends Paid	-1,205	-500	-333	-277	-259
Other Financing Activities	-	-1	-1	-	-2
Financing Cash Flow	-1,268	-507	-397	-252	-481
Foreign Exchange Rate Adjustments	2	6	6	8	9
Miscellaneous Cash Flow Adjustments	-	1	-1	-1	1
Net Cash Flow	-7,834	1,298	3,194	1,748	1,145
Free Cash Flow	3,428	1,845	3,553	2,193	1,998
Free Cash Flow Growth	85.80%	-48.07%	62.02%	9.76%	-4.04%
Free Cash Flow Margin	17.35%	9.92%	18.64%	11.10%	11.49%
Free Cash Flow Per Share	184.90	99.55	191.79	118.44	107.95
Cash Interest Paid	-	1	2	1	1
Cash Income Tax Paid	59	1,328	-45	574	783
Levered Free Cash Flow	3,098	1,141	2,939	1,457	1,472
Unlevered Free Cash Flow	3,098	1,141	2,939	1,457	1,472
Change in Working Capital	379	860	479	89	-158

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