FINDEX 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	1,784	1,542	1,524	1,060	944
Depreciation & Amortization	307	290	257	254	307
Loss (Gain) From Sale of Assets	-	1	-	-	-
Loss (Gain) From Sale of Investments	56	-	-	-	-
Other Operating Activities	-478	-487	-400	-306	-222
Change in Accounts Receivable	-242	373	-562	-107	-511
Change in Inventory	48	99	-23	-41	28
Change in Accounts Payable	-10	34	-79	-94	141
Change in Other Net Operating Assets	187	46	125	-73	63
Operating Cash Flow	1,652	1,898	842	693	750
Operating Cash Flow Growth	-12.96%	125.42%	21.50%	-7.60%	38.38%
Capital Expenditures	-37	-31	-28	-73	-70
Divestitures	-	-	-	-	1
Sale (Purchase) of Intangibles	-259	-271	-254	-240	-199
Investment in Securities	-	-2,118	-4	-	-158
Other Investing Activities	-1	-14	-10	83	-67
Investing Cash Flow	-297	-2,434	-296	-230	-493
Short-Term Debt Issued	-	-	-	100	20
Total Debt Issued	-	-	-	100	20
Short-Term Debt Repaid	-	-	-	-10	-
Total Debt Repaid	-	-	-	-10	-
Net Debt Issued (Repaid)	-	-	-	90	20
Repurchase of Common Stock	-1,001	-	-	-	-
Common Dividends Paid	-408	-412	-270	-232	-206
Other Financing Activities	-1	-	-	-	3
Financing Cash Flow	-1,410	-412	-270	-142	-183
Miscellaneous Cash Flow Adjustments	-	-	-1	-79	-1
Net Cash Flow	-55	-948	275	242	73
Free Cash Flow	1,615	1,867	814	620	680
Free Cash Flow Growth	-13.50%	129.36%	31.29%	-8.82%	33.86%
Free Cash Flow Margin	26.44%	31.96%	15.68%	13.65%	13.69%
Free Cash Flow Per Share	64.33	72.75	31.75	24.20	26.55
Cash Income Tax Paid	477	488	395	369	224
Levered Free Cash Flow	1,165	1,409	430	252.13	399
Unlevered Free Cash Flow	1,165	1,409	430	252.13	399
Change in Working Capital	-17	552	-539	-315	-279

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