United & Collective Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	-168	66	-119	-1,268	-380
Depreciation & Amortization	235	210	223	268	244
Loss (Gain) From Sale of Assets	241	-1	130	486	137
Other Operating Activities	111	-19	17	413	1,968
Change in Accounts Receivable	-21	-14	-24	-100	-35
Change in Inventory	1	-10	-12	-7	-7
Change in Accounts Payable	-68	-65	-44	345	-427
Change in Other Net Operating Assets	-132	-45	-12	-309	-1,941
Operating Cash Flow	199	122	159	-172	-441
Operating Cash Flow Growth	63.12%	-23.27%	-	-	-
Capital Expenditures	-377	-237	-80	-125	-407
Sale (Purchase) of Intangibles	-	-	-12	-	-
Investment in Securities	-200	-	-	-	-
Other Investing Activities	-25	-	109	36	-108
Investing Cash Flow	-602	-237	17	-89	-515
Long-Term Debt Issued	274	171	-	251	800
Long-Term Debt Repaid	-442	-667	-684	-892	-672
Net Debt Issued (Repaid)	-168	-496	-684	-641	128
Issuance of Common Stock	409	542	557	165	793
Other Financing Activities	-	-	-	1	1
Financing Cash Flow	241	46	-127	-475	922
Miscellaneous Cash Flow Adjustments	1	1	-	-	-
Net Cash Flow	-161	-68	49	-736	-34
Free Cash Flow	-178	-115	79	-297	-848
Free Cash Flow Margin	-2.76%	-1.77%	1.28%	-5.55%	-31.14%
Free Cash Flow Per Share	-37.20	-17.31	21.64	-87.87	-259.64
Cash Interest Paid	26	26	23	32	27
Cash Income Tax Paid	20	19	21	20	56
Levered Free Cash Flow	-272.13	-64.75	94.38	-213.75	-1,704
Unlevered Free Cash Flow	-254	-48.5	108.13	-193.13	-1,683
Change in Working Capital	-220	-134	-92	-71	-2,410

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