Techno Alpha Cash Flow Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	605	313	238	344	180
Depreciation & Amortization	27	29	25	25	21
Loss (Gain) From Sale of Assets	-2	3	-	-	-
Other Operating Activities	-98	-62	-85	-113	34
Change in Accounts Receivable	274	-430	-77	152	-622
Change in Inventory	-312	311	21	-361	-70
Change in Accounts Payable	-38	-190	-43	182	89
Change in Other Net Operating Assets	150	-310	-	18	40
Operating Cash Flow	606	-336	79	247	-328
Operating Cash Flow Growth	-	-	-68.02%	-	-
Capital Expenditures	-56	-56	-13	-47	-13
Sale of Property, Plant & Equipment	3	-	-	-	-
Sale (Purchase) of Intangibles	-18	-15	-23	-3	-
Investment in Securities	-	-	-	101	20
Other Investing Activities	10	51	-2	-5	43
Investing Cash Flow	-60	-20	-39	47	51
Short-Term Debt Issued	-	210	100	-	100
Total Debt Issued	-	210	100	-	100
Short-Term Debt Repaid	-210	-	-	-200	-
Total Debt Repaid	-210	-	-	-200	-
Net Debt Issued (Repaid)	-210	210	100	-200	100
Common Dividends Paid	-61	-61	-53	-47	-44
Other Financing Activities	-1	-2	-1	-1	-2
Financing Cash Flow	-272	147	46	-248	54
Foreign Exchange Rate Adjustments	2	-	-2	-	-
Miscellaneous Cash Flow Adjustments	-1	1	-1	-	1
Net Cash Flow	275	-208	83	46	-222
Free Cash Flow	550	-392	66	200	-341
Free Cash Flow Growth	-	-	-67.00%	-	-
Free Cash Flow Margin	12.16%	-9.88%	1.51%	4.69%	-10.83%
Free Cash Flow Per Share	311.50	-222.01	37.38	113.26	-193.11
Cash Interest Paid	1	2	-	-	-
Cash Income Tax Paid	98	62	118	117	-21
Levered Free Cash Flow	536.25	-436.75	44.5	161.13	-363
Unlevered Free Cash Flow	536.88	-435.5	44.5	161.13	-363
Change in Working Capital	74	-619	-99	-9	-563

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