Horiifoodservice Cash Flow Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2025	FY 2010	FY 2009	FY 2008
Period Ending	Nov '25 Nov 30, 2025	Mar '25 Mar 31, 2025	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008
Net Income	210	146	327.87	264.14	132.41
Depreciation & Amortization	66	48	403.27	379.87	361.97
Other Amortization	-	-	2.88	-	8.21
Loss (Gain) From Sale of Assets	7.5	19	0.71	3.96	-0.03
Asset Writedown & Restructuring Costs	-	-	7.56	43.03	88.54
Loss (Gain) From Sale of Investments	-25.5	-	-3.15	5.19	-
Provision & Write-off of Bad Debts	-	-	-	6.58	-
Other Operating Activities	-4.5	-11	29.58	148.55	-192.3
Change in Accounts Receivable	-7.5	-21	-12.79	-5.02	-5.97
Change in Inventory	-61.5	-3	0.51	-4.04	-7.7
Change in Accounts Payable	9	11	6.94	4.44	23.68
Change in Unearned Revenue	-	-	-0.19	-2.88	-4.75
Change in Income Taxes	-	-	3.85	2.21	0.36
Change in Other Net Operating Assets	12	4	-36.47	45.46	48.99
Operating Cash Flow	205.5	193	730.55	891.48	453.4
Operating Cash Flow Growth	6.48%	-73.58%	-18.05%	96.62%	-26.58%
Capital Expenditures	-150	-68	-430.04	-457.11	-609.8
Sale of Property, Plant & Equipment	-	-	-	-	1.37
Cash Acquisitions	-	168	-	-	-
Sale (Purchase) of Intangibles	-	-1	-0.08	-0.03	-0.13
Investment in Securities	219	-126	-170.03	-156.2	81.34
Other Investing Activities	-54	-6	-70.27	-30.07	-72.6
Investing Cash Flow	15	-33	-670.41	-643.41	-599.82
Short-Term Debt Issued	-	1,500	200	-	-
Long-Term Debt Issued	-	-	300	320	300
Total Debt Issued	-	1,500	500	320	300
Short-Term Debt Repaid	-	-1,500	-200	-	-
Long-Term Debt Repaid	-	-18	-352.03	-344.54	-380.55
Total Debt Repaid	-166.5	-1,518	-552.03	-344.54	-380.55
Net Debt Issued (Repaid)	-166.5	-18	-52.03	-24.54	-80.55
Issuance of Common Stock	493.5	65	-	-	297.04
Common Dividends Paid	-	-	-28.31	-28.14	-15.21
Other Financing Activities	-7.5	-	-0	-0	-
Financing Cash Flow	319.5	47	-80.35	-52.69	201.28
Miscellaneous Cash Flow Adjustments	1.5	-1	-	-0	0
Net Cash Flow	541.5	206	-20.21	195.38	54.86
Free Cash Flow	55.5	125	300.52	434.37	-156.4
Free Cash Flow Growth	-55.60%	-58.40%	-30.82%	-	-
Free Cash Flow Margin	1.13%	2.62%	4.52%	6.70%	-2.68%
Free Cash Flow Per Share	9.18	22.05	53.00	76.61	-27.72
Cash Interest Paid	4.5	19	10.19	9.38	10.48
Cash Income Tax Paid	15	8	250.28	81.81	300.21
Levered Free Cash Flow	-	-	318.91	444.67	-122.02
Unlevered Free Cash Flow	-	-	325.24	450.52	-115.48
Change in Working Capital	-48	-9	-38.16	40.17	54.6

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