AP Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-65	-391	-1,297	33	-3,593
Depreciation & Amortization	485	569	614	630	595
Loss (Gain) From Sale of Assets	254	126	116	111	2
Loss (Gain) From Sale of Investments	-	25	-	-	-
Loss (Gain) on Equity Investments	-16	-34	-11	17	-3
Other Operating Activities	-24	-25	1,303	3,428	-224
Change in Accounts Receivable	-105	-82	-392	-68	171
Change in Inventory	8	10	127	-52	-42
Change in Accounts Payable	-268	-65	671	166	-272
Change in Other Net Operating Assets	272	117	-108	-4,152	-189
Operating Cash Flow	541	250	1,023	113	-3,555
Operating Cash Flow Growth	116.40%	-75.56%	805.31%	-	-
Capital Expenditures	-735	-379	-513	-530	-219
Sale of Property, Plant & Equipment	-	162	41	41	-
Divestitures	-	-	-	-	-64
Sale (Purchase) of Intangibles	-7	-6	-2	-13	-
Investment in Securities	-3	79	-109	-51	-11
Other Investing Activities	-73	76	23	-27	57
Investing Cash Flow	-818	-68	-560	-580	-234
Short-Term Debt Issued	2,242	-	-	-	1,108
Long-Term Debt Issued	-	-	658	800	1,200
Total Debt Issued	2,242	-	658	800	2,308
Short-Term Debt Repaid	-	-205	-252	-220	-
Long-Term Debt Repaid	-2,487	-615	-1,325	-801	-692
Total Debt Repaid	-2,487	-820	-1,577	-1,021	-692
Net Debt Issued (Repaid)	-245	-820	-919	-221	1,616
Issuance of Common Stock	-	493	850	-	2,531
Common Dividends Paid	-93	-12	-59	-	-
Other Financing Activities	-104	-47	-31	-63	-18
Financing Cash Flow	-442	-386	-159	-284	4,129
Foreign Exchange Rate Adjustments	-10	32	28	30	18
Miscellaneous Cash Flow Adjustments	-	2	-1	-	-1
Net Cash Flow	-729	-170	331	-721	357
Free Cash Flow	-194	-129	510	-417	-3,774
Free Cash Flow Margin	-0.92%	-0.63%	2.97%	-5.21%	-42.21%
Free Cash Flow Per Share	-15.29	-10.47	48.64	-41.26	-505.09
Cash Interest Paid	80	87	108	136	66
Cash Income Tax Paid	28	27	11	28	-
Levered Free Cash Flow	-348.25	86.63	415.75	-2,918	-2,650
Unlevered Free Cash Flow	-297.63	141	483.25	-2,845	-2,596
Change in Working Capital	-93	-20	298	-4,106	-332

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.