TYO:3269 Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	2018 - 2022
Period Ending	Jan '25 Jan 31, 2025	Jul '24 Jul 31, 2024	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jul '23 Jul 31, 2023	2018 - 2022
Net Income	15,147	15,660	16,058	15,564	15,878	Upgrade
Depreciation & Amortization	7,074	6,994	6,940	5,864	6,762	Upgrade
Other Amortization	19.43	-	-	26.81	-	Upgrade
Change in Accounts Receivable	-23.21	-8	6	-16.07	8	Upgrade
Change in Accounts Payable	63.77	-32	-156	84.81	38	Upgrade
Change in Other Net Operating Assets	2,399	-	-	1,041	-4	Upgrade
Other Operating Activities	-31.22	4,296	1,990	-12.73	3,008	Upgrade
Operating Cash Flow	24,650	26,910	24,838	22,551	25,690	Upgrade
Operating Cash Flow Growth	-8.40%	8.34%	10.14%	-12.22%	-	Upgrade
Acquisition of Real Estate Assets	-21,931	-34,462	-27,294	-15,390	-7,836	Upgrade
Net Sale / Acq. of Real Estate Assets	-21,931	-34,462	-27,294	-15,390	-7,836	Upgrade
Investment in Marketable & Equity Securities	-2,000	-	-	-	-	Upgrade
Other Investing Activities	-95.83	3,834	62	53.5	-3,996	Upgrade
Investing Cash Flow	-24,027	-30,628	-27,232	-15,336	-11,832	Upgrade
Short-Term Debt Issued	8,100	-	-	2,000	-	Upgrade
Long-Term Debt Issued	36,850	-	-	32,410	-	Upgrade
Total Debt Issued	44,950	35,800	-	34,410	10,000	Upgrade
Short-Term Debt Repaid	-11,100	-	-	-2,100	-	Upgrade
Long-Term Debt Repaid	-22,350	-	-	-23,710	-	Upgrade
Total Debt Repaid	-33,450	-15,000	-11,600	-25,810	-6,000	Upgrade
Net Debt Issued (Repaid)	11,500	20,800	-11,600	8,600	4,000	Upgrade
Issuance of Common Stock	-	-	30,526	-	-	Upgrade
Common Dividends Paid	-16,941	-	-	-15,896	-	Upgrade
Common & Preferred Dividends Paid	-	-16,904	-16,204	-	-16,174	Upgrade
Total Dividends Paid	-16,941	-16,904	-16,204	-15,896	-16,174	Upgrade
Other Financing Activities	-	-2	-64	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-2	Upgrade
Net Cash Flow	-4,817	176	264	-81.3	1,682	Upgrade
Cash Interest Paid	1,421	1,336	1,326	1,351	1,356	Upgrade
Cash Income Tax Paid	1.7	-	-	1.22	-	Upgrade
Levered Free Cash Flow	18,918	-15,979	-10,437	15,752	9,160	Upgrade
Unlevered Free Cash Flow	19,795	-14,878	-9,372	16,586	10,246	Upgrade
Change in Working Capital	2,440	-40	-150	1,109	42	Upgrade

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