ULS Group Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	2,731	2,638	1,758	1,924	1,607	1,419
Depreciation & Amortization	115	95	89	69	53	46
Loss (Gain) From Sale of Investments	-	-	-	-197	-	-
Other Operating Activities	-1,038	-696	-736	-631	-589	-495
Change in Accounts Receivable	-1,226	-1,158	-908	-554	-439	-29
Change in Inventory	2	-	-	-	3	-13
Change in Accounts Payable	251	334	147	49	-73	55
Change in Other Net Operating Assets	244	374	406	177	6	80
Operating Cash Flow	1,079	1,587	756	837	568	1,063
Operating Cash Flow Growth	-12.49%	109.92%	-9.68%	47.36%	-46.57%	20.39%
Capital Expenditures	-368	-90	-64	-150	-54	-57
Cash Acquisitions	-	-	-	-	-	57
Sale (Purchase) of Intangibles	-	-	-	-2	-6	-
Investment in Securities	-	-	-	197	-	-
Other Investing Activities	-131	-132	-34	-	-25	-
Investing Cash Flow	-499	-222	-98	45	-85	-
Issuance of Common Stock	180	-	7	50	10	6
Repurchase of Common Stock	-	-	-	-599	-	-160
Common Dividends Paid	-329	-247	-247	-201	-179	-147
Other Financing Activities	-8	-2	1	-2	-	-20
Financing Cash Flow	-157	-249	-239	-752	-169	-321
Miscellaneous Cash Flow Adjustments	-	-1	-1	-1	-2	1
Net Cash Flow	423	1,115	418	129	312	743
Free Cash Flow	711	1,497	692	687	514	1,006
Free Cash Flow Growth	-39.07%	116.33%	0.73%	33.66%	-48.91%	14.97%
Free Cash Flow Margin	4.76%	11.34%	6.67%	8.07%	6.98%	13.99%
Free Cash Flow Per Share	12.26	26.28	12.52	12.37	9.05	17.91
Cash Income Tax Paid	1,042	699	737	631	590	498
Levered Free Cash Flow	476.25	1,344	595.75	672	483.38	1,090
Unlevered Free Cash Flow	476.25	1,344	595.75	672	483.38	1,090
Change in Working Capital	-729	-450	-355	-328	-503	93

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