CENTRAL REIT Investment 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	1,615	1,737	1,655	1,606	1,875	1,299
Depreciation & Amortization	386	383	355	339	305	271
Change in Accounts Receivable	-10	-24	-4	-2	-9	-7
Change in Accounts Payable	21	18	2	-15	99	-47
Other Operating Activities	-86	492	-59	99	2,531	-68
Operating Cash Flow	1,926	2,606	1,949	2,027	4,801	1,448
Operating Cash Flow Growth	-26.71%	33.71%	-3.85%	-57.78%	231.56%	-11.98%
Acquisition of Real Estate Assets	-185	-1,368	-217	-256	-11,251	-2,616
Net Sale / Acq. of Real Estate Assets	-185	-1,368	-217	-256	-11,251	-2,616
Other Investing Activities	259	285	2	3	431	53
Investing Cash Flow	74	-1,083	-215	-253	-10,820	-2,563
Total Debt Issued	-	186	1,000	-	5,895	2,370
Total Debt Repaid	-	-	-1,000	-230	-	-
Net Debt Issued (Repaid)	-	186	-	-230	5,895	2,370
Issuance of Common Stock	-	-	-	-	2,827	-
Common Dividends Paid	-1,735	-1,760	-1,613	-1,817	-1,516	-1,373
Other Financing Activities	-	-	-14	-	-2	-2
Miscellaneous Cash Flow Adjustments	-1	-	-1	-	-	1
Net Cash Flow	264	-51	106	-273	1,185	-119
Cash Interest Paid	199	177	145	134	105	78
Cash Income Tax Paid	1	2	-	-	-	-
Levered Free Cash Flow	-	-321.5	1,290	1,205	-10,390	-1,570
Unlevered Free Cash Flow	-	-178.38	1,408	1,314	-10,273	-1,498
Change in Working Capital	11	-6	-2	-17	90	-54