Techno Mathematical Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	-282	-141	-43	-68	-242	Upgrade
Depreciation & Amortization	8	7	5	3	4	Upgrade
Loss (Gain) From Sale of Investments	-11	-8	-3	-	-2	Upgrade
Other Operating Activities	-3	-1	-1	-6	-1	Upgrade
Change in Accounts Receivable	117	-134	120	-162	107	Upgrade
Change in Inventory	-9	-	-3	-1	-8	Upgrade
Change in Accounts Payable	-13	1	1	14	-7	Upgrade
Change in Other Net Operating Assets	-9	4	-6	-10	6	Upgrade
Operating Cash Flow	-202	-272	70	-230	-143	Upgrade
Capital Expenditures	-2	-4	-3	-1	-	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-10	-	Upgrade
Investment in Securities	6	3	3	-40	2	Upgrade
Other Investing Activities	-4	-	-3	-3	-1	Upgrade
Investing Cash Flow	-	-1	-3	-54	1	Upgrade
Foreign Exchange Rate Adjustments	-6	8	9	5	-	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	1	-	-	Upgrade
Net Cash Flow	-208	-265	77	-279	-142	Upgrade
Free Cash Flow	-204	-276	67	-231	-143	Upgrade
Free Cash Flow Margin	-49.04%	-52.37%	11.19%	-40.60%	-34.38%	Upgrade
Free Cash Flow Per Share	-78.67	-106.44	25.84	-89.09	-55.15	Upgrade
Cash Income Tax Paid	2	2	-	4	-	Upgrade
Levered Free Cash Flow	-94.38	-214.13	97.88	-212.25	-50.25	Upgrade
Unlevered Free Cash Flow	-94.38	-214.13	97.88	-212.25	-50.25	Upgrade
Change in Net Working Capital	-79	119	-129	158	-102	Upgrade

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