Izawa Towel Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024
Net Income	726.07	578.53	1,103
Depreciation & Amortization	215.19	211.74	213.07
Other Amortization	-	0.74	-
Other Operating Activities	29.95	-370.65	808.22
Change in Accounts Receivable	-411.42	196.84	145.06
Change in Inventory	-90.93	-148.31	-77.78
Change in Accounts Payable	-28.03	-35.42	-166.55
Change in Other Net Operating Assets	-122.5	210.31	-602.68
Operating Cash Flow	318.32	643.78	1,422
Operating Cash Flow Growth	-50.56%	-54.74%	-
Capital Expenditures	-15.73	-4.13	-1.45
Cash Acquisitions	-152.02	-	-
Sale (Purchase) of Intangibles	-	-	-0.54
Investment in Securities	-	-	54.65
Other Investing Activities	-	-	-0
Investing Cash Flow	-167.75	-4.13	52.66
Long-Term Debt Issued	-	-	3,717
Long-Term Debt Repaid	-230	-230	-3,985
Net Debt Issued (Repaid)	-230	-230	-267.55
Repurchase of Common Stock	-82.14	-	-
Common Dividends Paid	-390.04	-652.3	-
Other Financing Activities	-36.51	-2	-3.7
Financing Cash Flow	-738.69	-884.3	-271.25
Foreign Exchange Rate Adjustments	37.88	36.4	25.35
Miscellaneous Cash Flow Adjustments	0	-	-
Net Cash Flow	-550.24	-208.25	1,229
Free Cash Flow	302.59	639.65	1,421
Free Cash Flow Growth	-52.70%	-54.98%	-
Free Cash Flow Margin	2.94%	6.51%	14.30%
Free Cash Flow Per Share	29.66	63.97	-
Cash Interest Paid	43.4	27.19	33.88
Cash Income Tax Paid	473.42	698.31	-60.43
Levered Free Cash Flow	-26.6	297.69	-
Unlevered Free Cash Flow	0.53	314.68	-
Change in Working Capital	-652.89	223.43	-701.94