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
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
Net Income	-282	-141	-43	-68	-242
Depreciation & Amortization	8	7	5	3	4
Loss (Gain) From Sale of Investments	-11	-8	-3	-	-2
Other Operating Activities	-3	-1	-1	-6	-1
Change in Accounts Receivable	117	-134	120	-162	107
Change in Inventory	-9	-	-3	-1	-8
Change in Accounts Payable	-13	1	1	14	-7
Change in Other Net Operating Assets	-9	4	-6	-10	6
Operating Cash Flow	-202	-272	70	-230	-143
Capital Expenditures	-2	-4	-3	-1	-
Sale (Purchase) of Intangibles	-	-	-	-10	-
Investment in Securities	6	3	3	-40	2
Other Investing Activities	-4	-	-3	-3	-1
Investing Cash Flow	-	-1	-3	-54	1
Foreign Exchange Rate Adjustments	-6	8	9	5	-
Miscellaneous Cash Flow Adjustments	-	-	1	-	-
Net Cash Flow	-208	-265	77	-279	-142
Free Cash Flow	-204	-276	67	-231	-143
Free Cash Flow Margin	-49.04%	-52.37%	11.19%	-40.60%	-34.38%
Free Cash Flow Per Share	-78.67	-106.44	25.84	-89.09	-55.15
Cash Income Tax Paid	2	2	-	4	-
Levered Free Cash Flow	-94.38	-214.13	97.88	-212.25	-50.25
Unlevered Free Cash Flow	-94.38	-214.13	97.88	-212.25	-50.25
Change in Working Capital	86	-129	112	-159	98

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