Hottolink 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	-1,990	-487	287	1,875	1,059
Depreciation & Amortization	439	437	457	428	399
Loss (Gain) From Sale of Assets	1,566	632	-	-	2
Loss (Gain) From Sale of Investments	-	-	-	-1,903	-
Loss (Gain) on Equity Investments	-	-	-	-3	-5
Other Operating Activities	173	-306	203	109	-653
Change in Accounts Receivable	-13	193	-295	166	-131
Change in Inventory	-	-	-	-476	-131
Change in Accounts Payable	77	-169	67	722	136
Change in Other Net Operating Assets	-13	-5	-21	-125	2
Operating Cash Flow	239	295	698	793	678
Operating Cash Flow Growth	-18.98%	-57.74%	-11.98%	16.96%	45.49%
Capital Expenditures	-	-	-10	-1	-
Divestitures	-	-	-	347	-
Sale (Purchase) of Intangibles	-412	-401	-372	-314	-274
Investment in Securities	107	-32	-95	-113	-114
Other Investing Activities	-622	-5	-245	-216	-85
Investing Cash Flow	-921	-432	-716	-291	-536
Long-Term Debt Issued	-	-	-	700	390
Total Debt Issued	-	-	-	700	390
Long-Term Debt Repaid	-148	-132	-107	-282	-144
Total Debt Repaid	-148	-132	-107	-282	-144
Net Debt Issued (Repaid)	-148	-132	-107	418	246
Issuance of Common Stock	-	-	22	-	123
Repurchase of Common Stock	-99	-	-	-	-
Common Dividends Paid	-46	-	-	-	-
Other Financing Activities	149	-61	-69	-43	-62
Financing Cash Flow	-144	-193	-154	375	307
Foreign Exchange Rate Adjustments	-44	136	71	119	80
Miscellaneous Cash Flow Adjustments	-	1	-	2	2
Net Cash Flow	-870	-193	-101	998	531
Free Cash Flow	239	295	688	792	678
Free Cash Flow Growth	-18.98%	-57.12%	-13.13%	16.81%	45.81%
Free Cash Flow Margin	6.55%	6.91%	14.52%	10.02%	10.32%
Free Cash Flow Per Share	15.24	18.81	43.91	50.65	43.44
Cash Interest Paid	8	10	16	23	18
Cash Income Tax Paid	1	109	-228	106	-29
Levered Free Cash Flow	-1,347	-43.25	274.25	74.63	322.5
Unlevered Free Cash Flow	-1,231	-37	284.25	88.38	333.75
Change in Working Capital	51	19	-249	287	-124

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