ALPHA Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-461	2,202	790	891	522
Depreciation & Amortization	3,562	3,563	3,661	3,336	2,845
Loss (Gain) From Sale of Assets	1,057	466	586	435	23
Loss (Gain) From Sale of Investments	-	-	-37	-290	-182
Other Operating Activities	-624	-866	-469	-422	-468
Change in Accounts Receivable	2,070	-78	-441	-591	-883
Change in Inventory	1,211	340	-1,503	-893	896
Change in Accounts Payable	-445	-179	216	-8	-254
Change in Other Net Operating Assets	-478	1,663	108	-584	561
Operating Cash Flow	5,892	7,111	2,911	1,874	3,060
Operating Cash Flow Growth	-17.14%	144.28%	55.34%	-38.76%	-11.71%
Capital Expenditures	-3,682	-2,854	-2,868	-2,137	-2,726
Sale of Property, Plant & Equipment	104	205	318	251	431
Divestitures	10	-	-	-	-
Sale (Purchase) of Intangibles	-186	-883	-103	-72	-58
Investment in Securities	-33	118	-116	274	323
Other Investing Activities	-128	154	-15	34	68
Investing Cash Flow	-3,915	-3,260	-2,784	-1,650	-1,962
Short-Term Debt Issued	2,313	1,398	1,677	-	-
Long-Term Debt Issued	151	2,381	3,398	3,659	4,504
Total Debt Issued	2,464	3,779	5,075	3,659	4,504
Short-Term Debt Repaid	-	-	-	-96	-1,161
Long-Term Debt Repaid	-3,287	-3,841	-4,026	-3,976	-3,441
Total Debt Repaid	-3,287	-3,841	-4,026	-4,072	-4,602
Net Debt Issued (Repaid)	-823	-62	1,049	-413	-98
Common Dividends Paid	-431	-383	-287	-286	-286
Other Financing Activities	-649	-649	-700	-1,045	-959
Financing Cash Flow	-1,903	-1,094	62	-1,744	-1,343
Foreign Exchange Rate Adjustments	366	228	179	45	-64
Miscellaneous Cash Flow Adjustments	-2	-1	-	1	-1
Net Cash Flow	438	2,984	368	-1,474	-310
Free Cash Flow	2,210	4,257	43	-263	334
Free Cash Flow Growth	-48.09%	9800.00%	-	-	-
Free Cash Flow Margin	3.01%	5.71%	0.07%	-0.49%	0.70%
Free Cash Flow Per Share	230.45	444.27	4.49	-27.51	34.97
Cash Interest Paid	362	296	209	205	242
Cash Income Tax Paid	672	932	522	467	279
Levered Free Cash Flow	472.88	1,196	-1,556	-1,733	90.75
Unlevered Free Cash Flow	697.25	1,385	-1,421	-1,604	239.5
Change in Working Capital	2,358	1,746	-1,620	-2,076	320

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.