Softmax 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	794	700	626	595	621
Depreciation & Amortization	43	39	28	24	23
Loss (Gain) From Sale of Assets	-	-	-	-	8
Loss (Gain) From Sale of Investments	-	-	-	-2	-
Other Operating Activities	-241	-210	-165	-245	-164
Change in Accounts Receivable	-171	468	-230	-644	-348
Change in Inventory	-14	-625	143	-64	187
Change in Accounts Payable	-11	374	-143	513	3
Change in Other Net Operating Assets	-12	-83	-27	2	-46
Operating Cash Flow	388	663	232	179	284
Operating Cash Flow Growth	-41.48%	185.78%	29.61%	-36.97%	-33.80%
Capital Expenditures	-4	-39	-17	-15	-18
Divestitures	-	-	-	10	-
Sale (Purchase) of Intangibles	-25	-2	-8	-	-6
Investment in Securities	438	-107	-43	-60	-60
Other Investing Activities	-1,578	56	57	61	83
Investing Cash Flow	-1,169	-92	-11	-4	-1
Short-Term Debt Issued	100	100	-	-	-
Long-Term Debt Issued	1,000	-	-	-	-
Total Debt Issued	1,100	100	-	-	-
Long-Term Debt Repaid	-35	-17	-17	-23	-327
Total Debt Repaid	-35	-17	-17	-23	-327
Net Debt Issued (Repaid)	1,065	83	-17	-23	-327
Common Dividends Paid	-180	-179	-179	-118	-71
Other Financing Activities	-2	-4	-4	-3	-3
Financing Cash Flow	883	-100	-200	-144	-401
Miscellaneous Cash Flow Adjustments	1	-1	-1	-1	-
Net Cash Flow	103	470	20	30	-118
Free Cash Flow	384	624	215	164	266
Free Cash Flow Growth	-38.46%	190.23%	31.10%	-38.35%	491.11%
Free Cash Flow Margin	5.54%	11.50%	4.09%	3.25%	5.93%
Free Cash Flow Per Share	15.98	104.02	35.87	27.43	44.59
Cash Interest Paid	11	4	4	4	6
Cash Income Tax Paid	240	211	164	244	164
Levered Free Cash Flow	285.63	608.25	161.63	110	250
Unlevered Free Cash Flow	292.5	610.75	164.13	112.5	253.75
Change in Working Capital	-208	134	-257	-193	-204

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