TYO:3472 Cash Flow Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	1,392	798	691	681	853
Depreciation & Amortization	916	861	834	882	902
Gain (Loss) on Sale of Assets	36	20	15	2	-
Change in Accounts Receivable	-	10	-11	-	-
Change in Accounts Payable	221	26	-95	67	-11
Other Operating Activities	1,833	163	1,337	3,640	138
Operating Cash Flow	4,398	1,878	2,771	5,272	1,882
Operating Cash Flow Growth	134.19%	-32.23%	-47.44%	180.13%	-31.71%
Acquisition of Real Estate Assets	-15,944	-239	-5,366	-391	-268
Net Sale / Acq. of Real Estate Assets	-15,944	-239	-5,366	-391	-268
Other Investing Activities	1	16	8	8	-1
Investing Cash Flow	-15,943	-223	-5,358	-383	-269
Total Debt Issued	8,613	-	3,128	-	-
Total Debt Repaid	-146	-389	-864	-3,801	-450
Net Debt Issued (Repaid)	8,467	-389	2,264	-3,801	-450
Issuance of Common Stock	4,697	-	-	-	-
Common Dividends Paid	-1,057	-715	-671	-753	-932
Other Financing Activities	-1	-1	-	-1	-1
Miscellaneous Cash Flow Adjustments	-1	-2	-1	-1	-1
Net Cash Flow	560	548	-995	333	229
Cash Interest Paid	286	123	88	107	107
Cash Income Tax Paid	2	1	-	1	-
Levered Free Cash Flow	-14,472	1,287	-4,532	1,081	1,633
Unlevered Free Cash Flow	-14,188	1,492	-4,317	1,308	1,814
Change in Working Capital	221	36	-106	67	-11