Morpho Cash Flow Statement

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

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	74	297	-258	-603	-865
Depreciation & Amortization	84	28	30	128	130
Loss (Gain) From Sale of Assets	-1	-	65	92	37
Loss (Gain) From Sale of Investments	-	-	-	-	-12
Loss (Gain) on Equity Investments	-23	-38	-12	-9	-14
Other Operating Activities	-46	-40	-25	-28	136
Change in Accounts Receivable	59	-69	-19	-41	-136
Change in Inventory	-16	32	-23	1	-3
Change in Accounts Payable	-59	67	20	16	84
Change in Other Net Operating Assets	-58	-70	-45	29	-10
Operating Cash Flow	14	207	-267	-415	-653
Operating Cash Flow Growth	-93.24%	-	-	-	-
Capital Expenditures	-50	-13	-59	-48	-24
Sale of Property, Plant & Equipment	1	-	-	-	3
Sale (Purchase) of Intangibles	-189	-128	-37	-14	-16
Investment in Securities	-160	-	-	-	32
Other Investing Activities	-15	1	4	223	-170
Investing Cash Flow	-413	-140	-92	161	-175
Short-Term Debt Issued	5	-	-	-	-
Total Debt Issued	5	-	-	-	-
Net Debt Issued (Repaid)	5	-	-	-	-
Issuance of Common Stock	-	146	-	-	19
Repurchase of Common Stock	-	-	-	-162	-198
Other Financing Activities	-14	-15	-16	-14	-78
Financing Cash Flow	-9	131	-16	-176	-257
Foreign Exchange Rate Adjustments	-1	25	28	98	40
Miscellaneous Cash Flow Adjustments	-1	-	-	1	-
Net Cash Flow	-410	223	-347	-331	-1,045
Free Cash Flow	-36	194	-326	-463	-677
Free Cash Flow Margin	-1.07%	5.88%	-13.68%	-23.18%	-39.13%
Free Cash Flow Per Share	-6.87	37.71	-63.56	-90.08	-125.40
Cash Interest Paid	-	1	-	1	-
Cash Income Tax Paid	66	52	44	42	-93
Levered Free Cash Flow	-237.25	11	-247.5	-59.13	-597.25
Unlevered Free Cash Flow	-237.25	11.63	-247.5	-58.5	-597.25
Change in Working Capital	-74	-40	-67	5	-65

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