4Cs HD Cash Flow Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	-243	-257	-260	-146	-192
Depreciation & Amortization	119	49	47	44	61
Loss (Gain) From Sale of Assets	7	3	42	35	123
Other Operating Activities	-89	-18	-45	-19	1
Change in Accounts Receivable	-30	24	-30	26	57
Change in Inventory	-261	72	-63	96	-22
Change in Accounts Payable	-11	-7	1	-67	-60
Change in Other Net Operating Assets	-205	-227	-16	-10	-74
Operating Cash Flow	-713	-361	-324	-41	-106
Capital Expenditures	-15	-	-7	-3	-21
Sale of Property, Plant & Equipment	-	1	-	2	-
Cash Acquisitions	-	-	-97	-	-
Sale (Purchase) of Intangibles	-59	-	-	-	-14
Investment in Securities	50	-10	-	-	100
Other Investing Activities	-588	-1	2	-3	-73
Investing Cash Flow	-571	-50	-102	-4	-8
Short-Term Debt Issued	845	-	-	-	-
Long-Term Debt Issued	201	-	200	-	135
Total Debt Issued	1,046	-	200	-	135
Short-Term Debt Repaid	-705	-100	-	-	-100
Long-Term Debt Repaid	-113	-112	-137	-142	-218
Total Debt Repaid	-818	-212	-137	-142	-318
Net Debt Issued (Repaid)	228	-212	63	-142	-183
Issuance of Common Stock	709	921	256	18	100
Other Financing Activities	1	-1	-2	-	-1
Financing Cash Flow	938	708	317	-124	-84
Miscellaneous Cash Flow Adjustments	-1	-	-	-1	-
Net Cash Flow	-347	297	-109	-170	-198
Free Cash Flow	-728	-361	-331	-44	-127
Free Cash Flow Margin	-29.82%	-16.00%	-15.50%	-1.89%	-5.14%
Free Cash Flow Per Share	-70.56	-41.35	-42.85	-6.12	-17.77
Cash Interest Paid	25	6	4	5	7
Cash Income Tax Paid	17	21	46	18	-1
Levered Free Cash Flow	-1,066	-280.5	-277.5	4.5	-151.88
Unlevered Free Cash Flow	-1,045	-276.75	-274.38	7.63	-147.5
Change in Working Capital	-507	-138	-108	45	-99

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.