Global Link Management Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Net Income	4,612	5,273	4,259	2,280	1,028
Depreciation & Amortization	72.45	107	89	90	70
Loss (Gain) From Sale of Assets	-	-132	1	-1	-
Loss (Gain) on Equity Investments	-1.91	6	-35	-1	-
Stock-Based Compensation	85.66	-	-	-	-
Other Operating Activities	365.44	-1,676	-1,092	-650	-334
Change in Inventory	-7,690	-1,860	7,797	-9,142	-1,993
Change in Accounts Payable	-625.24	-264	-178	-425	1,123
Change in Other Net Operating Assets	-19.94	-723	-481	-441	-288
Operating Cash Flow	-3,202	731	10,360	-8,290	-394
Operating Cash Flow Growth	-	-92.94%	-	-	-
Capital Expenditures	-3.15	-93	-1,944	-13	-137
Sale of Property, Plant & Equipment	-	2,054	-	-	-
Divestitures	0.2	-	-	-	-
Sale (Purchase) of Intangibles	-41.34	-3	-13	-39	-76
Investment in Securities	-262.74	-339	23	58	-217
Other Investing Activities	-46.48	-60	-52	-2	-156
Investing Cash Flow	-353.5	1,559	-1,986	4	-586
Short-Term Debt Issued	23,684	20,024	9,883	13,968	6,075
Long-Term Debt Issued	24,736	16,300	6,616	11,082	9,354
Total Debt Issued	48,421	36,324	16,499	25,050	15,429
Short-Term Debt Repaid	-22,098	-16,188	-12,178	-12,240	-6,794
Long-Term Debt Repaid	-18,169	-18,941	-7,155	-3,399	-7,355
Total Debt Repaid	-40,266	-35,129	-19,333	-15,639	-14,149
Net Debt Issued (Repaid)	8,155	1,195	-2,834	9,411	1,280
Issuance of Common Stock	-	30	-	-	16
Repurchase of Common Stock	-300.26	-	-	-	-
Common Dividends Paid	-1,040	-799	-417	-277	-94
Other Financing Activities	5.47	-3	-2	172	-6
Financing Cash Flow	6,819	423	-3,253	9,306	1,196
Miscellaneous Cash Flow Adjustments	-0	-	-1	-	-1
Net Cash Flow	3,264	2,713	5,120	1,020	215
Free Cash Flow	-3,205	638	8,416	-8,303	-531
Free Cash Flow Growth	-	-92.42%	-	-	-
Free Cash Flow Margin	-4.63%	0.99%	20.40%	-23.28%	-1.98%
Free Cash Flow Per Share	-199.71	39.86	526.81	-521.55	-33.80
Cash Interest Paid	568.49	422	295	303	302
Cash Income Tax Paid	2,223	1,719	1,151	665	356
Levered Free Cash Flow	-3,824	477.63	8,246	-	-701.38
Unlevered Free Cash Flow	-3,453	770.13	8,467	-	-498.25
Change in Working Capital	-8,335	-2,847	7,138	-10,008	-1,158

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