HOTLAND HOLDINGS Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,670	1,651	1,906	3,184	-656
Depreciation & Amortization	1,547	1,408	1,339	1,185	1,220
Loss (Gain) From Sale of Assets	702	949	637	378	1,405
Loss (Gain) From Sale of Investments	-22	-	-	-	16
Other Operating Activities	-820	-562	-299	1,767	-196
Change in Accounts Receivable	-263	-216	246	316	-126
Change in Inventory	-37	-151	-45	150	-489
Change in Accounts Payable	823	307	210	458	-120
Change in Other Net Operating Assets	-647	-448	-1,098	-2,287	-361
Operating Cash Flow	3,953	2,938	2,896	5,151	693
Operating Cash Flow Growth	34.55%	1.45%	-43.78%	643.29%	-70.70%
Capital Expenditures	-2,864	-2,180	-1,644	-1,514	-1,162
Sale of Property, Plant & Equipment	109	-	21	-	1
Cash Acquisitions	-512	-	-	-113	-388
Sale (Purchase) of Intangibles	-10	-49	-19	-6	-22
Investment in Securities	-84	-202	14	-6	-1
Other Investing Activities	-398	-246	-207	-192	-91
Investing Cash Flow	-3,761	-2,684	-1,835	-2,398	-1,653
Short-Term Debt Issued	-	1,802	-	-	1,224
Long-Term Debt Issued	2,792	252	2,100	-	1,041
Total Debt Issued	2,792	2,054	2,100	-	2,265
Short-Term Debt Repaid	-95	-	-808	-325	-
Long-Term Debt Repaid	-1,467	-1,477	-1,809	-1,121	-1,001
Total Debt Repaid	-1,562	-1,477	-2,617	-1,446	-1,001
Net Debt Issued (Repaid)	1,230	577	-517	-1,446	1,264
Issuance of Common Stock	-	-	23	10	2
Repurchase of Common Stock	-	-785	-	-	-
Common Dividends Paid	-212	-152	-150	-	-107
Other Financing Activities	-373	-380	-265	-379	-377
Financing Cash Flow	645	-740	-909	-1,815	782
Foreign Exchange Rate Adjustments	10	1	40	15	-39
Miscellaneous Cash Flow Adjustments	1	-	1	-	1
Net Cash Flow	848	-485	193	953	-216
Free Cash Flow	1,089	758	1,252	3,637	-469
Free Cash Flow Growth	43.67%	-39.46%	-65.58%	-	-
Free Cash Flow Margin	2.36%	1.96%	3.89%	12.26%	-1.63%
Free Cash Flow Per Share	51.23	35.05	58.01	167.98	-21.80
Cash Interest Paid	64	38	39	34	36
Cash Income Tax Paid	820	562	1,186	129	483
Levered Free Cash Flow	688.63	13.13	408.25	1,497	-252
Unlevered Free Cash Flow	728.63	36.88	432.63	1,518	-229.5
Change in Working Capital	-124	-508	-687	-1,363	-1,096

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