Billing System 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 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	600	623	462	480	349
Depreciation & Amortization	43	48	53	54	52
Loss (Gain) From Sale of Assets	51	-	1	-	-
Other Operating Activities	-250	-132	-173	-142	-40
Change in Accounts Receivable	-80	-80	-40	-51	93
Change in Inventory	-17	8	-49	4	21
Change in Accounts Payable	-35	161	38	59	-59
Change in Other Net Operating Assets	3,889	3,728	5,839	-1,527	5,915
Operating Cash Flow	4,201	4,356	6,131	-1,123	6,331
Operating Cash Flow Growth	-3.56%	-28.95%	-	-	234.09%
Capital Expenditures	-	-	-79	-5	-37
Sale (Purchase) of Intangibles	-37	-48	-54	-11	-37
Other Investing Activities	-	-	67	-96	-12
Investing Cash Flow	-37	-48	-66	-112	-86
Repurchase of Common Stock	-	-	-	-	-99
Common Dividends Paid	-141	-75	-62	-62	-55
Other Financing Activities	-6	-5	-4	-4	-1
Financing Cash Flow	-147	-80	-66	-66	-155
Miscellaneous Cash Flow Adjustments	-1	-1	-2	-2	-
Net Cash Flow	4,016	4,227	5,997	-1,303	6,090
Free Cash Flow	4,201	4,356	6,052	-1,128	6,294
Free Cash Flow Growth	-3.56%	-28.02%	-	-	232.84%
Free Cash Flow Margin	92.41%	103.27%	160.02%	-32.85%	200.25%
Free Cash Flow Per Share	667.95	692.59	962.25	-179.35	988.82
Cash Interest Paid	7	4	2	1	-
Cash Income Tax Paid	250	134	173	143	40
Levered Free Cash Flow	4,132	4,292	5,969	-1,191	6,230
Unlevered Free Cash Flow	4,136	4,294	5,970	-1,190	6,230
Change in Working Capital	3,757	3,817	5,788	-1,515	5,970