TYO:3788 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	1,005	1,262	1,340	1,337	879
Depreciation & Amortization	1,713	1,578	1,231	964	850
Loss (Gain) From Sale of Assets	-	-	-	95	382
Asset Writedown & Restructuring Costs	59.98	-	-	-	-
Loss (Gain) From Sale of Investments	21.68	35	-24	-179	-29
Provision & Write-off of Bad Debts	-31.68	-	-	-	-
Other Operating Activities	94.31	-179	-332	-362	-202
Change in Accounts Receivable	-138.5	-129	-41	-329	-144
Change in Accounts Payable	19.95	-11	-75	130	-170
Change in Other Net Operating Assets	97.89	251	104	28	-2
Operating Cash Flow	2,842	2,807	2,203	1,684	1,564
Operating Cash Flow Growth	1.25%	27.42%	30.82%	7.67%	-17.77%
Capital Expenditures	-161.28	-147	-370	-253	-219
Cash Acquisitions	-	-	-5	-45	-63
Sale (Purchase) of Intangibles	-1,432	-1,431	-1,566	-1,137	-1,018
Investment in Securities	6.5	-52	19	159	46
Other Investing Activities	9.92	26	123	139	63
Investing Cash Flow	-1,577	-1,604	-1,799	-1,137	-1,191
Short-Term Debt Issued	-	-	-	500	200
Long-Term Debt Issued	600	1,600	1,200	800	-
Total Debt Issued	600	1,600	1,200	1,300	200
Short-Term Debt Repaid	-	-	-1,000	-	-
Long-Term Debt Repaid	-985.5	-648	-285	-55	-
Total Debt Repaid	-985.5	-648	-1,285	-55	-
Net Debt Issued (Repaid)	-385.5	952	-85	1,245	200
Repurchase of Common Stock	-	-100	-	-	-
Common Dividends Paid	-427.56	-444	-450	-388	-585
Other Financing Activities	-9.46	-128	-110	-94	-437
Financing Cash Flow	-822.53	280	-645	763	-822
Foreign Exchange Rate Adjustments	139.52	319	227	329	218
Miscellaneous Cash Flow Adjustments	-0	1	-	-	1
Net Cash Flow	581.86	1,803	-14	1,639	-230
Free Cash Flow	2,681	2,660	1,833	1,431	1,345
Free Cash Flow Growth	0.78%	45.12%	28.09%	6.39%	-13.95%
Free Cash Flow Margin	12.97%	13.88%	10.47%	8.97%	9.58%
Free Cash Flow Per Share	233.48	231.01	159.12	124.23	116.76
Cash Interest Paid	32.72	23	14	7	3
Cash Income Tax Paid	286.05	179	329	372	208
Levered Free Cash Flow	-	1,117	98.88	299.75	197.88
Unlevered Free Cash Flow	-	1,131	107.63	304.13	199.75
Change in Working Capital	-20.65	111	-12	-171	-316

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