TYO:3234 Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY	FY 2025	FY 2024	FY 2023
Period Ending	Jan '26 Jan 31, 2026	Jun '25 Jun 30, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023
Net Income	12,220	-	12,509	12,716	12,850
Depreciation & Amortization	2,161	-	2,141	2,180	2,177
Other Amortization	25.2	-	23.82	24.4	28.3
Change in Accounts Receivable	27.88	-	-9.08	-4.87	-42.85
Change in Accounts Payable	0.46	-	2.07	38.51	-14.61
Change in Other Net Operating Assets	3,147	-	1,728	3,193	3,935
Other Operating Activities	60.97	-	-70.89	-15.18	3.68
Operating Cash Flow	17,643	-	16,323	18,133	18,936
Operating Cash Flow Growth	-	-	-9.98%	-4.24%	39.20%
Acquisition of Real Estate Assets	-18,505	-	-1,055	-878.64	-831.69
Net Sale / Acq. of Real Estate Assets	-18,505	-	-1,055	-878.64	-831.69
Other Investing Activities	637.38	-	48.67	88.84	99.21
Investing Cash Flow	-17,867	-	-1,006	-789.8	-733.58
Long-Term Debt Issued	24,267	-	16,786	18,382	15,500
Total Debt Issued	24,267	-	16,786	18,382	15,500
Long-Term Debt Repaid	-24,194	-	-17,800	-20,400	-15,500
Total Debt Repaid	-24,194	-	-17,800	-20,400	-15,500
Net Debt Issued (Repaid)	72.53	-	-1,014	-2,018	-
Repurchase of Common Stock	-4,000	-	-	-	-
Common Dividends Paid	-11,730	-	-12,628	-12,247	-11,414
Other Financing Activities	-	-	0	-	-
Miscellaneous Cash Flow Adjustments	0	-	-	-	0
Net Cash Flow	-15,881	-	1,674	3,078	6,788
Cash Interest Paid	1,210	-	884.65	786.29	804.16
Cash Income Tax Paid	5.81	-	2.35	1.94	1.76
Levered Free Cash Flow	9,929	-	10,337	10,260	10,580
Unlevered Free Cash Flow	10,707	-	10,904	10,748	11,081
Change in Working Capital	3,176	-	1,721	3,227	3,877

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.