United & Collective Cash Flow Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	66	-119	-1,268	-380	-1,579
Depreciation & Amortization	210	223	268	244	275
Loss (Gain) From Sale of Assets	-1	130	486	137	222
Other Operating Activities	-19	17	413	1,968	137
Change in Accounts Receivable	-14	-24	-100	-35	156
Change in Inventory	-10	-12	-7	-7	10
Change in Accounts Payable	-65	-44	345	-427	-96
Change in Other Net Operating Assets	-45	-12	-309	-1,941	-325
Operating Cash Flow	122	159	-172	-441	-1,200
Operating Cash Flow Growth	-23.27%	-	-	-	-
Capital Expenditures	-237	-80	-125	-407	-50
Sale (Purchase) of Intangibles	-	-12	-	-	-
Other Investing Activities	-	109	36	-108	25
Investing Cash Flow	-237	17	-89	-515	-25
Long-Term Debt Issued	171	-	251	800	2,740
Long-Term Debt Repaid	-667	-684	-892	-672	-725
Net Debt Issued (Repaid)	-496	-684	-641	128	2,015
Issuance of Common Stock	542	557	165	793	7
Other Financing Activities	-	-	1	1	1
Financing Cash Flow	46	-127	-475	922	2,023
Miscellaneous Cash Flow Adjustments	1	-	-	-	-2
Net Cash Flow	-68	49	-736	-34	796
Free Cash Flow	-115	79	-297	-848	-1,250
Free Cash Flow Margin	-1.77%	1.28%	-5.55%	-31.14%	-37.30%
Free Cash Flow Per Share	-17.31	21.64	-87.87	-259.64	-415.14
Cash Interest Paid	26	23	32	27	31
Cash Income Tax Paid	19	21	20	56	-
Levered Free Cash Flow	-64.75	94.38	-213.75	-1,704	-938.5
Unlevered Free Cash Flow	-48.5	108.13	-193.13	-1,683	-919.13
Change in Working Capital	-134	-92	-71	-2,410	-255

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