Hulic Reit Cash Flow Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	12,077	11,946	10,418	9,988	11,002	10,569
Depreciation & Amortization	2,836	2,849	2,790	2,672	2,604	2,475
Other Amortization	10.75	22.31	33.77	36.67	45.78	47.85
Change in Accounts Receivable	-795.1	-199.21	-6.41	2.53	16.6	137.29
Change in Accounts Payable	-616.97	148.69	-58.44	111.29	96.12	-71.72
Change in Other Net Operating Assets	7,126	10,049	14,635	14,505	6,989	16,772
Other Operating Activities	3,523	-5.65	-137.43	-87.31	-309.5	1.61
Operating Cash Flow	24,161	24,809	27,675	27,228	20,443	29,931
Operating Cash Flow Growth	16.55%	-10.36%	1.64%	33.19%	-31.70%	80.03%
Acquisition of Real Estate Assets	-7,309	-30,822	-16,661	-28,473	-36,891	-16,194
Sale of Real Estate Assets	-	-	1.14	-	-	-
Net Sale / Acq. of Real Estate Assets	-7,309	-30,822	-16,660	-28,473	-36,891	-16,194
Other Investing Activities	-1,553	266.02	465.68	900.97	1,674	6.78
Investing Cash Flow	-8,862	-30,556	-16,194	-27,572	-35,218	-16,317
Short-Term Debt Issued	-	-	11,000	3,000	9,592	-
Long-Term Debt Issued	-	45,069	28,561	24,815	31,594	26,456
Total Debt Issued	12,950	45,069	39,561	27,815	41,186	26,456
Short-Term Debt Repaid	-	-	-11,000	-3,000	-9,592	-18,960
Long-Term Debt Repaid	-	-33,969	-21,077	-23,315	-17,610	-15,680
Total Debt Repaid	-21,470	-33,969	-32,077	-26,315	-27,202	-34,640
Net Debt Issued (Repaid)	-8,520	11,100	7,484	1,500	13,984	-8,184
Issuance of Common Stock	-	-	-	-	14,279	6,639
Common Dividends Paid	-11,519	-11,021	-10,170	-10,339	-9,989	-10,399
Other Financing Activities	-	-0	-	-	0	-
Miscellaneous Cash Flow Adjustments	-0	-	0	-	-	0
Net Cash Flow	-4,741	-5,667	8,794	-9,184	3,500	1,669
Cash Interest Paid	1,527	1,410	1,194	1,098	1,056	1,054
Cash Income Tax Paid	0.61	1.21	36.01	84.78	177.91	78.81
Levered Free Cash Flow	-	-20,851	9,728	8,623	9,580	9,518
Unlevered Free Cash Flow	-	-19,975	10,479	9,302	10,233	10,163
Change in Working Capital	5,714	9,998	14,570	14,619	7,102	16,837

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