Agratio urban design Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024
Net Income	2,613	2,247	1,292
Depreciation & Amortization	82	75	36
Other Operating Activities	-690	-342	-530
Change in Accounts Receivable	1	-11	-14
Change in Inventory	-6,539	-7,261	-1,148
Change in Accounts Payable	636	607	-251
Change in Other Net Operating Assets	13	130	27
Operating Cash Flow	-3,884	-4,555	-588
Capital Expenditures	-12	-12	-1
Sale of Property, Plant & Equipment	59	57	1
Cash Acquisitions	-	-	-497
Investment in Securities	-	-	2
Other Investing Activities	-4	-8	2
Investing Cash Flow	43	37	-493
Short-Term Debt Issued	-	1,258	-
Long-Term Debt Issued	-	14,409	10,743
Total Debt Issued	16,161	15,667	10,743
Short-Term Debt Repaid	-	-	-702
Long-Term Debt Repaid	-	-9,855	-8,204
Total Debt Repaid	-11,463	-9,855	-8,906
Net Debt Issued (Repaid)	4,698	5,812	1,837
Common Dividends Paid	-554	-346	-448
Other Financing Activities	-19	-25	-28
Financing Cash Flow	4,125	5,441	1,361
Miscellaneous Cash Flow Adjustments	-	-	-1
Net Cash Flow	284	923	279
Free Cash Flow	-3,896	-4,567	-589
Free Cash Flow Margin	-11.63%	-14.85%	-2.13%
Free Cash Flow Per Share	-677.13	-793.75	-102.37
Cash Interest Paid	410	353	286
Cash Income Tax Paid	687	325	539
Levered Free Cash Flow	-	-4,774	-
Unlevered Free Cash Flow	-	-4,565	-
Change in Working Capital	-5,889	-6,535	-1,386

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.