Hottolink Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-831	-487	287	1,875	1,059	-84
Depreciation & Amortization	434	437	457	428	399	423
Loss (Gain) From Sale of Assets	617	632	-	-	2	-
Loss (Gain) From Sale of Investments	-	-	-	-1,903	-	-
Loss (Gain) on Equity Investments	-	-	-	-3	-5	-
Other Operating Activities	19	-306	203	109	-653	92
Change in Accounts Receivable	129	193	-295	166	-131	74
Change in Inventory	-	-	-	-476	-131	-
Change in Accounts Payable	-103	-169	67	722	136	-112
Change in Other Net Operating Assets	-23	-5	-21	-125	2	73
Operating Cash Flow	242	295	698	793	678	466
Operating Cash Flow Growth	39.08%	-57.74%	-11.98%	16.96%	45.49%	-
Capital Expenditures	-	-	-10	-1	-	-1
Divestitures	-	-	-	347	-	66
Sale (Purchase) of Intangibles	-429	-401	-372	-314	-274	-284
Investment in Securities	-33	-32	-95	-113	-114	-
Other Investing Activities	-8	-5	-245	-216	-85	-148
Investing Cash Flow	-464	-432	-716	-291	-536	-342
Long-Term Debt Issued	-	-	-	700	390	290
Total Debt Issued	-	-	-	700	390	290
Long-Term Debt Repaid	-	-132	-107	-282	-144	-56
Total Debt Repaid	-146	-132	-107	-282	-144	-56
Net Debt Issued (Repaid)	-146	-132	-107	418	246	234
Issuance of Common Stock	-	-	22	-	123	-
Other Financing Activities	-51	-61	-69	-43	-62	21
Financing Cash Flow	-239	-193	-154	375	307	255
Foreign Exchange Rate Adjustments	49	136	71	119	80	-13
Miscellaneous Cash Flow Adjustments	2	1	-	2	2	-
Net Cash Flow	-410	-193	-101	998	531	366
Free Cash Flow	242	295	688	792	678	465
Free Cash Flow Growth	47.56%	-57.12%	-13.13%	16.81%	45.81%	-
Free Cash Flow Margin	6.73%	6.91%	14.52%	10.02%	10.32%	10.60%
Free Cash Flow Per Share	15.43	18.81	43.91	50.65	43.44	30.09
Cash Interest Paid	9	10	16	23	18	18
Cash Income Tax Paid	1	109	-228	106	-29	-
Levered Free Cash Flow	-265.25	-43.25	274.25	74.63	322.5	216.63
Unlevered Free Cash Flow	-143.38	-37	284.25	88.38	333.75	227.88
Change in Working Capital	3	19	-249	287	-124	35

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