Ekitan & Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	156	-839	123	140	206
Depreciation & Amortization	75	160	191	179	60
Loss (Gain) From Sale of Assets	-	856	-	-	-
Loss (Gain) From Sale of Investments	-	9	-	-	-
Other Operating Activities	-7	-66	-101	-72	-63
Change in Accounts Receivable	51	16	-	-68	174
Change in Inventory	12	5	-12	-	-
Change in Accounts Payable	-38	-39	-3	114	-43
Change in Other Net Operating Assets	-97	39	-135	52	-108
Operating Cash Flow	152	141	63	345	226
Operating Cash Flow Growth	7.80%	123.81%	-81.74%	52.65%	-20.14%
Capital Expenditures	-11	-32	-15	-2	-25
Cash Acquisitions	-27	-97	-20	-730	-
Divestitures	-18	-	-	-	-
Sale (Purchase) of Intangibles	-96	-89	-231	-61	-58
Investment in Securities	6	19	-	-	9
Other Investing Activities	49	-7	1	21	-2
Investing Cash Flow	-48	-161	-265	-772	-76
Long-Term Debt Issued	-	60	-	-	100
Short-Term Debt Repaid	-	-5	-	-	-
Long-Term Debt Repaid	-100	-68	-	-	-19
Total Debt Repaid	-100	-73	-	-	-19
Net Debt Issued (Repaid)	-100	-13	-	-	81
Repurchase of Common Stock	-50	-	-375	-	-
Common Dividends Paid	-67	-67	-76	-76	-55
Other Financing Activities	-1	-1	-1	-1	-2
Financing Cash Flow	-218	-81	-452	-77	24
Miscellaneous Cash Flow Adjustments	-	1	-	-	1
Net Cash Flow	-114	-100	-654	-504	175
Free Cash Flow	141	109	48	343	201
Free Cash Flow Growth	29.36%	127.08%	-86.01%	70.65%	-1.95%
Free Cash Flow Margin	4.03%	2.70%	1.50%	11.86%	10.32%
Free Cash Flow Per Share	29.57	22.50	9.11	62.25	36.48
Cash Interest Paid	4	1	-	-	-
Cash Income Tax Paid	8	66	99	75	63
Levered Free Cash Flow	85.63	-82.25	-65	282.25	137.5
Unlevered Free Cash Flow	88.13	-81	-64.38	282.88	137.5
Change in Working Capital	-72	21	-150	98	23

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.