THE WHY HOW DO COMPANY Cash Flow Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	May '25 May 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021	Aug '20 Aug 31, 2020	2016 - 2020
Net Income	-	-969	-326	-386	-579	-1,041	Upgrade
Depreciation & Amortization	-	31	25	57	206	505	Upgrade
Loss (Gain) From Sale of Assets	-	634	11	230	88	296	Upgrade
Loss (Gain) From Sale of Investments	-	-46	-	-	-5	-25	Upgrade
Other Operating Activities	-	-8	-26	-4	-20	-	Upgrade
Change in Accounts Receivable	-	11	31	-38	27	40	Upgrade
Change in Inventory	-	10	5	10	-10	2	Upgrade
Change in Accounts Payable	-	5	4	-13	12	-10	Upgrade
Change in Other Net Operating Assets	-	278	-94	5	-34	34	Upgrade
Operating Cash Flow	-	-54	-370	-139	-315	-199	Upgrade
Capital Expenditures	-	-731	-25	-2	-3	-20	Upgrade
Cash Acquisitions	-	3	132	29	-	1	Upgrade
Divestitures	-	1	-	-	-6	6	Upgrade
Sale (Purchase) of Intangibles	-	-58	-25	-30	-18	-135	Upgrade
Investment in Securities	-	1	-	-	-	1	Upgrade
Other Investing Activities	-	-4	-5	10	19	-115	Upgrade
Investing Cash Flow	-	-772	-125	-135	46	-265	Upgrade
Long-Term Debt Issued	-	4	-	-	200	284	Upgrade
Total Debt Issued	-	4	-	-	200	284	Upgrade
Short-Term Debt Repaid	-	-15	-91	-60	-121	-68	Upgrade
Long-Term Debt Repaid	-	-45	-45	-42	-20	-15	Upgrade
Total Debt Repaid	-	-60	-136	-102	-141	-83	Upgrade
Net Debt Issued (Repaid)	-	-56	-136	-102	59	201	Upgrade
Issuance of Common Stock	-	1,005	-	718	349	401	Upgrade
Other Financing Activities	-	-47	45	-	1	-	Upgrade
Financing Cash Flow	-	902	-91	616	409	602	Upgrade
Foreign Exchange Rate Adjustments	-	-	4	26	4	-1	Upgrade
Miscellaneous Cash Flow Adjustments	-	-1	-2	-1	-	-1	Upgrade
Net Cash Flow	-	75	-584	367	144	136	Upgrade
Free Cash Flow	-	-785	-395	-141	-318	-219	Upgrade
Free Cash Flow Margin	-	-105.09%	-41.98%	-15.34%	-35.29%	-19.09%	Upgrade
Free Cash Flow Per Share	-	-14.36	-11.39	-4.43	-11.09	-8.35	Upgrade
Cash Interest Paid	-	6	1	1	3	7	Upgrade
Cash Income Tax Paid	-	13	26	6	19	1	Upgrade
Levered Free Cash Flow	-	-842.38	-158.38	-158.75	-162.5	138.63	Upgrade
Unlevered Free Cash Flow	-	-836.75	-157.13	-156.88	-159.38	141.75	Upgrade
Change in Net Working Capital	-228	-110	-51	75	45	-78	Upgrade

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