TYO:3455 Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	2,043	2,081	2,119	2,380	1,835	1,828
Depreciation & Amortization	1,204	1,188	1,127	1,116	968	933
Other Amortization	-	7.11	13.89	13.89	-	-
Change in Accounts Receivable	1	1.67	0.8	-48.97	-3	-
Change in Accounts Payable	-33.65	-1.96	8.1	-6.51	20	-8
Change in Other Net Operating Assets	-46.34	-25.98	-101.3	1,428	-	-
Other Operating Activities	121.73	128.09	119.84	115.51	123	40
Operating Cash Flow	3,290	3,379	3,287	4,998	2,943	2,793
Operating Cash Flow Growth	-5.76%	2.78%	-34.22%	69.81%	5.37%	-13.88%
Acquisition of Real Estate Assets	-1,683	-4,230	-391.11	-14,592	-980	-1,836
Net Sale / Acq. of Real Estate Assets	-1,683	-4,230	-391.11	-14,592	-980	-1,836
Investment in Marketable & Equity Securities	-	-101.16	-	-	-	-
Other Investing Activities	-98	48.6	-	151.82	60	72
Investing Cash Flow	-1,781	-4,283	-391.11	-14,443	-920	-1,764
Short-Term Debt Issued	-	1,170	2,000	2,500	-	-
Long-Term Debt Issued	-	10,050	7,250	13,250	-	-
Total Debt Issued	6,720	11,220	9,250	15,750	-	700
Short-Term Debt Repaid	-	-2,000	-2,000	-500	-	-
Long-Term Debt Repaid	-	-5,550	-7,250	-9,250	-	-
Total Debt Repaid	-5,550	-7,550	-9,250	-9,750	-	-
Net Debt Issued (Repaid)	1,170	3,670	-	6,000	-	700
Common Dividends Paid	-2,316	-2,335	-2,457	-2,217	-2,018	-2,039
Other Financing Activities	-91.21	-189.77	-108.63	5,523	-105	-62
Miscellaneous Cash Flow Adjustments	-2	-	-0	0	-1	-2
Net Cash Flow	268.98	240.98	330.12	-140.42	-101	-374
Cash Interest Paid	383.32	351.14	275.54	210.74	190	187
Cash Income Tax Paid	1.94	1.84	1.57	1.78	-	-
Levered Free Cash Flow	-	2,560	2,427	2,729	1,241	220.88
Unlevered Free Cash Flow	-	2,780	2,598	2,860	1,428	406.5
Change in Working Capital	-78.99	-26.28	-92.41	1,372	17	-8

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