TYO:3481 Cash Flow Statement

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

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	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
Net Income	7,669	8,602	8,554	6,939	5,522	4,456
Depreciation & Amortization	2,806	2,761	2,724	2,563	1,984	1,656
Other Amortization	0.69	0.69	-	163.21	164.14	87.39
Gain (Loss) on Sale of Assets	0.09	0.59	2	-	-	-
Asset Writedown	-	-	-	-	15.16	-
Change in Accounts Receivable	-9.15	6.22	-13	-7.48	-27.58	-15.95
Change in Accounts Payable	-25.66	-75.43	258	578.62	0.92	2.84
Change in Other Net Operating Assets	93.09	2,674	-	614.82	-808.34	-205.93
Other Operating Activities	11.2	-27.74	3,768	1,347	64.75	99.11
Operating Cash Flow	10,546	13,941	15,293	12,199	6,915	6,080
Operating Cash Flow Growth	-47.69%	-8.84%	25.37%	76.42%	13.74%	26.45%
Acquisition of Real Estate Assets	-9,699	-11,707	-16,696	-46,415	-46,566	-57,948
Net Sale / Acq. of Real Estate Assets	-9,699	-11,707	-16,696	-46,415	-46,566	-57,948
Investment in Marketable & Equity Securities	-682.75	-507.13	-	-	-	-
Other Investing Activities	289.8	169.22	353	948.36	465.4	1,496
Investing Cash Flow	-10,100	-12,053	-16,343	-45,467	-46,100	-56,452
Short-Term Debt Issued	-	15,470	-	-	3,800	6,300
Long-Term Debt Issued	-	11,400	-	-	23,711	21,450
Total Debt Issued	29,490	26,870	9,865	36,071	27,511	27,750
Short-Term Debt Repaid	-	-11,300	-	-	-2,500	-5,850
Long-Term Debt Repaid	-	-5,900	-	-	-2,211	-
Total Debt Repaid	-20,190	-17,200	-	-14,980	-4,711	-5,850
Net Debt Issued (Repaid)	9,300	9,670	9,865	21,091	22,800	21,900
Issuance of Common Stock	-	-	-	20,293	22,981	36,361
Repurchase of Common Stock	-3,000	-3,000	-	-	-	-
Common Dividends Paid	-8,993	-9,626	-8,010	-7,149	-5,450	-4,140
Other Financing Activities	-0	-0	-1	1	-	-
Miscellaneous Cash Flow Adjustments	-	0	-2	0	-0	-0
Net Cash Flow	-2,248	-1,068	802	967.99	1,145	3,749
Cash Interest Paid	854.16	743	625	486.74	289.3	191.66
Cash Income Tax Paid	8.83	5.88	-	0.85	1.75	1.77
Levered Free Cash Flow	7,934	8,121	-9,024	-	3,394	1,968
Unlevered Free Cash Flow	8,481	8,594	-8,620	-	3,582	2,090
Change in Working Capital	58.28	2,605	245	1,186	-835.01	-219.04

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