Star Asia Investment Corporation (TYO:3468)

Star Asia Investment Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2024	FY 2023
Period Ending	Jan 31, 2025	Jan 31, 2024	Jul 31, 2024	Jan 31, 2024	Jul 31, 2023
Net Income	9,044	7,056	7,197	7,056	5,855
Depreciation & Amortization	2,332	1,970	2,020	1,970	1,520
Other Amortization	-	-	21.83	-	13.63
Change in Accounts Receivable	-314	-360	-303.38	-360	-2.11
Change in Accounts Payable	-92	4	365.18	4	292
Change in Other Net Operating Assets	-	-	827.45	-	-298.96
Other Operating Activities	5,058	1,878	1,435	1,878	1,106
Operating Cash Flow	16,028	10,548	11,562	10,548	8,485
Operating Cash Flow Growth	51.95%	-8.77%	9.62%	24.31%	22.19%
Acquisition of Real Estate Assets	-73,532	-102,120	-49,727	-102,120	-16,593
Net Sale / Acq. of Real Estate Assets	-73,532	-102,120	-49,727	-102,120	-16,593
Investment in Marketable & Equity Securities	-	-	-430	-	400
Other Investing Activities	-58	-1,488	-173.36	-1,488	-1,513
Investing Cash Flow	-73,590	-103,608	-52,507	-103,608	-17,706
Total Debt Issued	35,654	52,600	31,140	52,600	12,800
Total Debt Repaid	-	-	-6,140	-	-5,600
Net Debt Issued (Repaid)	35,654	52,600	25,000	52,600	7,200
Issuance of Common Stock	32,158	46,286	23,144	46,286	6,973
Common Dividends Paid	-	-	-3,048	-	-2,639
Common & Preferred Dividends Paid	-7,568	-6,094	-3,614	-6,094	-2,866
Total Dividends Paid	-7,568	-6,094	-6,662	-6,094	-5,505
Other Financing Activities	-2	-	-	-	-0
Miscellaneous Cash Flow Adjustments	-	-	-1	-	1
Net Cash Flow	2,680	-268	536.71	-268	-552.06
Cash Interest Paid	1,222	890	942.42	890	741.06
Cash Income Tax Paid	-	-	0.62	-	-1.04
Levered Free Cash Flow	-65,411	-97,440	-	-97,440	4,829
Unlevered Free Cash Flow	-64,251	-96,489	-	-96,489	5,390
Change in Net Working Capital	-108	1,725	784	1,725	-208.39

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.