TYO:3777 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	33	-150	169	-169	261
Depreciation & Amortization	162	35	25	18	-
Loss (Gain) From Sale of Assets	-	80	-	49	-
Loss (Gain) From Sale of Investments	-	-	-	-	-322
Other Operating Activities	-6	-17	-21	2	33
Change in Accounts Receivable	-1,279	405	-243	-25	53
Change in Inventory	-376	535	305	162	-307
Change in Accounts Payable	211	19	-152	6	-
Change in Other Net Operating Assets	1,942	-1,000	-149	-318	-284
Operating Cash Flow	687	-93	-66	-275	-566
Capital Expenditures	-383	-28	-6	-1	-
Sale of Property, Plant & Equipment	9	-	-	-	-
Cash Acquisitions	-	-	68	-5	-17
Divestitures	-	-	-	-	210
Sale (Purchase) of Intangibles	-44	-	-	-	-
Investment in Securities	-	-	-	-	-1
Other Investing Activities	-309	-3	3	4	-6
Investing Cash Flow	-727	-31	65	-2	186
Short-Term Debt Repaid	-200	-	-	-	-
Long-Term Debt Repaid	-227	-5	-1,105	-8	-
Total Debt Repaid	-427	-5	-1,105	-8	-
Net Debt Issued (Repaid)	-427	-5	-1,105	-8	-
Issuance of Common Stock	424	29	1,302	324	1,156
Other Financing Activities	1	-1	-1	-1	-
Financing Cash Flow	-2	23	196	315	1,156
Miscellaneous Cash Flow Adjustments	251	12	1	-1	-
Net Cash Flow	209	-89	196	37	776
Free Cash Flow	304	-121	-72	-276	-566
Free Cash Flow Margin	22.17%	-0.70%	-0.42%	-36.60%	-215.21%
Free Cash Flow Per Share	1.02	-0.42	-0.26	-1.24	-3.00
Cash Interest Paid	51	-	-	-	-
Cash Income Tax Paid	-5	20	21	1	-33
Levered Free Cash Flow	289.13	-33.13	-978.25	-220.13	-881.38
Unlevered Free Cash Flow	312.88	-33.13	-978.25	-220.13	-881.38
Change in Working Capital	498	-41	-239	-175	-538

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.