Axel Mark Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep '25 Sep 30, 2025	Sep '20 Sep 30, 2020	Sep '19 Sep 30, 2019	Sep '18 Sep 30, 2018	Sep '17 Sep 30, 2017
Net Income	-766	-822	-1,197	-508	-307
Depreciation & Amortization	7	31	140	62	49
Loss (Gain) From Sale of Assets	-	142	482	78	-
Loss (Gain) From Sale of Investments	-	15	1	2	34
Loss (Gain) on Equity Investments	112	-	-	-	-
Other Operating Activities	-24	-2	-1	-	14
Change in Accounts Receivable	32	121	40	-116	162
Change in Inventory	19	5	-	-3	105
Change in Accounts Payable	6	-117	-6	122	-199
Change in Other Net Operating Assets	148	-33	43	-26	15
Operating Cash Flow	-466	-660	-498	-389	-127
Capital Expenditures	-20	-	-2	-1	-20
Cash Acquisitions	-119	-	-	-	-
Sale (Purchase) of Intangibles	-4	-	-144	-482	-176
Investment in Securities	-50	-90	-125	206	-
Other Investing Activities	-43	19	-3	-100	-17
Investing Cash Flow	-233	-71	-274	-377	-213
Short-Term Debt Repaid	-3	-	-	-	-
Long-Term Debt Repaid	-1	-300	-164	-33	-33
Total Debt Repaid	-4	-300	-164	-33	-33
Net Debt Issued (Repaid)	-4	-300	-164	-33	-33
Issuance of Common Stock	1,113	173	1,311	779	2
Other Financing Activities	-1	1	-	-1	-5
Financing Cash Flow	1,108	-126	1,147	745	-36
Foreign Exchange Rate Adjustments	-	-	-	-	-1
Miscellaneous Cash Flow Adjustments	-1	-	-2	-1	-1
Net Cash Flow	408	-857	373	-22	-378
Free Cash Flow	-486	-660	-500	-390	-147
Free Cash Flow Margin	-49.95%	-23.71%	-17.27%	-15.82%	-4.44%
Free Cash Flow Per Share	-31.58	-100.39	-96.78	-85.28	-33.63
Cash Interest Paid	-	3	5	5	6
Cash Income Tax Paid	-	2	2	2	-10
Levered Free Cash Flow	-	-417.38	-384.38	-729.75	-191.5
Unlevered Free Cash Flow	-	-416.13	-381.25	-726	-187.75
Change in Working Capital	205	-24	77	-23	83

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