MERF Inc. Cash Flow Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	-216	945	260	845	2,096
Depreciation & Amortization	381	237	219	180	183
Loss (Gain) From Sale of Investments	-	-	-32	90	-
Loss (Gain) on Equity Investments	24	281	-13	-	-28
Other Operating Activities	-436	-35	18	-1,128	-156
Change in Accounts Receivable	3,202	-1,735	623	-727	-4,560
Change in Inventory	-1,405	1,411	-416	209	-2,198
Change in Accounts Payable	-814	615	341	-32	1,084
Change in Other Net Operating Assets	1,586	-892	598	-1,505	-323
Operating Cash Flow	2,322	827	1,598	-2,068	-3,902
Operating Cash Flow Growth	180.77%	-48.25%	-	-	-
Capital Expenditures	-749	-268	-349	-199	-185
Sale (Purchase) of Intangibles	-19	-20	-	-29	-24
Investment in Securities	-3	196	434	-115	241
Other Investing Activities	-1,119	-24	-1	-	-1
Investing Cash Flow	-1,980	-206	57	-343	31
Short-Term Debt Issued	-	-	-	1,900	3,450
Long-Term Debt Issued	3,000	1,400	900	1,500	2,000
Total Debt Issued	3,000	1,400	900	3,400	5,450
Short-Term Debt Repaid	-1,700	-100	-475	-	-
Long-Term Debt Repaid	-1,405	-1,190	-1,439	-1,485	-1,408
Total Debt Repaid	-3,105	-1,290	-1,914	-1,485	-1,408
Net Debt Issued (Repaid)	-105	110	-1,014	1,915	4,042
Repurchase of Common Stock	-	-	-85	-	-
Common Dividends Paid	-282	-282	-283	-248	-212
Other Financing Activities	358	-	-2	-1	-1
Financing Cash Flow	-29	-172	-1,384	1,666	3,829
Foreign Exchange Rate Adjustments	-208	21	20	114	10
Miscellaneous Cash Flow Adjustments	-2	1	-	1	1
Net Cash Flow	103	471	291	-630	-31
Free Cash Flow	1,573	559	1,249	-2,267	-4,087
Free Cash Flow Growth	181.39%	-55.24%	-	-	-
Free Cash Flow Margin	1.91%	0.68%	1.48%	-2.54%	-6.59%
Free Cash Flow Per Share	111.31	39.60	88.26	-159.48	-288.06
Cash Interest Paid	180	95	125	125	77
Cash Income Tax Paid	436	36	-17	1,127	152
Levered Free Cash Flow	842.13	556.5	1,159	-2,593	-3,577
Unlevered Free Cash Flow	955.88	615.88	1,238	-2,515	-3,530
Change in Working Capital	2,569	-601	1,146	-2,055	-5,997

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