TYO:3249 Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Net Income	20,261	17,500	14,662	12,436	12,452
Depreciation & Amortization	5,465	5,460	3,815	4,919	4,374
Other Amortization	55	108	40	83	110
Asset Writedown	-	-	185	-	-
Change in Accounts Receivable	-349	-482	-398	-43	45
Change in Accounts Payable	-479	177	-454	-314	820
Change in Other Net Operating Assets	1,266	10,357	4,502	2,418	15,391
Other Operating Activities	7,531	-36	-239	-16	19
Operating Cash Flow	33,750	33,084	22,113	19,483	33,211
Operating Cash Flow Growth	2.01%	49.61%	13.50%	-41.34%	100.01%
Acquisition of Real Estate Assets	-24,311	-126,017	-25,095	-14,220	-21,887
Net Sale / Acq. of Real Estate Assets	-24,311	-126,017	-25,095	-14,220	-21,887
Cash Acquisition	-	-	-356	-	-
Investment in Marketable & Equity Securities	-1,672	-16,785	81	6	6
Other Investing Activities	-4,651	-202	606	-67	1,441
Investing Cash Flow	-30,634	-143,004	-24,764	-14,281	-20,440
Short-Term Debt Issued	-	16,900	3,000	5,400	5,000
Long-Term Debt Issued	-	80,200	33,800	22,200	10,600
Total Debt Issued	29,450	97,100	36,800	27,600	15,600
Short-Term Debt Repaid	-	-13,300	-3,700	-1,700	-5,000
Long-Term Debt Repaid	-	-21,800	-21,100	-17,000	-5,600
Total Debt Repaid	-17,500	-35,100	-24,800	-18,700	-10,600
Net Debt Issued (Repaid)	11,950	62,000	12,000	8,900	5,000
Issuance of Common Stock	-	-	5,818	-	-
Common Dividends Paid	-17,754	-16,158	-13,398	-12,750	-13,388
Other Financing Activities	-1,001	48,513	-53	-35	-44
Miscellaneous Cash Flow Adjustments	1	-3	-	1	5
Net Cash Flow	-3,688	-15,568	1,716	1,318	4,344
Cash Interest Paid	2,328	1,983	1,397	1,443	1,431
Cash Income Tax Paid	-8	94	1	1	2
Levered Free Cash Flow	-	12,906	9,782	13,135	-
Unlevered Free Cash Flow	-	14,176	10,654	14,034	-
Change in Working Capital	438	10,052	3,650	2,061	16,256

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