TYO:3481 Cash Flow Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2020
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021	2017 - 2020
Net Income	8,602	8,554	6,939	5,522	4,456	Upgrade
Depreciation & Amortization	2,762	2,724	2,563	1,984	1,656	Upgrade
Other Amortization	-	-	163.21	164.14	87.39	Upgrade
Gain (Loss) on Sale of Assets	0.59	2	-	-	-	Upgrade
Asset Writedown	-	-	-	15.16	-	Upgrade
Change in Accounts Receivable	6.22	-13	-7.48	-27.58	-15.95	Upgrade
Change in Accounts Payable	-6.3	258	578.62	0.92	2.84	Upgrade
Change in Other Net Operating Assets	2,605	-	614.82	-808.34	-205.93	Upgrade
Other Operating Activities	-27.74	3,768	1,347	64.75	99.11	Upgrade
Operating Cash Flow	13,941	15,293	12,199	6,915	6,080	Upgrade
Operating Cash Flow Growth	-8.84%	25.37%	76.42%	13.74%	26.45%	Upgrade
Acquisition of Real Estate Assets	-11,707	-16,696	-46,415	-46,566	-57,948	Upgrade
Net Sale / Acq. of Real Estate Assets	-11,707	-16,696	-46,415	-46,566	-57,948	Upgrade
Investment in Marketable & Equity Securities	-507.13	-	-	-	-	Upgrade
Other Investing Activities	169.22	353	948.36	465.4	1,496	Upgrade
Investing Cash Flow	-12,053	-16,343	-45,467	-46,100	-56,452	Upgrade
Short-Term Debt Issued	15,470	-	-	3,800	6,300	Upgrade
Long-Term Debt Issued	11,400	-	-	23,711	21,450	Upgrade
Total Debt Issued	26,870	9,865	36,071	27,511	27,750	Upgrade
Short-Term Debt Repaid	-11,300	-	-	-2,500	-5,850	Upgrade
Long-Term Debt Repaid	-5,900	-	-	-2,211	-	Upgrade
Total Debt Repaid	-17,200	-	-14,980	-4,711	-5,850	Upgrade
Net Debt Issued (Repaid)	9,670	9,865	21,091	22,800	21,900	Upgrade
Issuance of Common Stock	-	-	20,293	22,981	36,361	Upgrade
Repurchase of Common Stock	-3,000	-	-	-	-	Upgrade
Common Dividends Paid	-9,626	-	-3,309	-5,450	-4,140	Upgrade
Common & Preferred Dividends Paid	-	-8,010	-3,840	-	-	Upgrade
Total Dividends Paid	-9,626	-8,010	-7,149	-5,450	-4,140	Upgrade
Other Financing Activities	-0	-1	1	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	0	-2	0	-0	-0	Upgrade
Net Cash Flow	-1,068	802	967.99	1,145	3,749	Upgrade
Cash Interest Paid	743	625	486.74	289.3	191.66	Upgrade
Cash Income Tax Paid	5.88	-	0.85	1.75	1.77	Upgrade
Levered Free Cash Flow	8,121	-9,024	-	3,394	1,968	Upgrade
Unlevered Free Cash Flow	8,594	-8,620	-	3,582	2,090	Upgrade
Change in Working Capital	2,605	245	1,186	-835.01	-219.04	Upgrade

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