Ad-Sol Nissin 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	2016 - 2020
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	2016 - 2020
Net Income	1,994	1,771	1,463	1,240	1,137	1,343	Upgrade
Depreciation & Amortization	149	146	140	117	94	90	Upgrade
Loss (Gain) From Sale of Assets	2	2	-	3	-	-	Upgrade
Loss (Gain) From Sale of Investments	-	-7	21	-	-	-21	Upgrade
Other Operating Activities	-562	-515	-481	-250	-493	-435	Upgrade
Change in Accounts Receivable	-290	-254	-641	-439	1,435	-805	Upgrade
Change in Inventory	12	-49	77	-57	20	49	Upgrade
Change in Accounts Payable	4	-29	258	293	-365	-73	Upgrade
Change in Other Net Operating Assets	184	-38	-33	113	-47	39	Upgrade
Operating Cash Flow	1,493	1,027	804	1,020	1,781	187	Upgrade
Operating Cash Flow Growth	339.12%	27.74%	-21.18%	-42.73%	852.41%	-33.82%	Upgrade
Capital Expenditures	-104	-137	-22	-3	-39	-18	Upgrade
Sale (Purchase) of Intangibles	-	-	-10	-126	-133	-5	Upgrade
Investment in Securities	-	5	-3	-	-	22	Upgrade
Other Investing Activities	-1	-70	-36	30	-69	-5	Upgrade
Investing Cash Flow	-105	-202	-71	-99	-241	-6	Upgrade
Long-Term Debt Repaid	-	-	-	-	-87	-205	Upgrade
Total Debt Repaid	-	-	-	-	-87	-205	Upgrade
Net Debt Issued (Repaid)	-	-	-	-	-87	-205	Upgrade
Issuance of Common Stock	-	-	-	-	22	38	Upgrade
Repurchase of Common Stock	-1,062	-1,240	-	-	-	-	Upgrade
Common Dividends Paid	-534	-453	-363	-334	-343	-313	Upgrade
Other Financing Activities	-2	-4	-1	-2	-2	-1	Upgrade
Financing Cash Flow	-1,598	-1,697	-364	-336	-410	-481	Upgrade
Miscellaneous Cash Flow Adjustments	-2	-	-1	-1	-	77	Upgrade
Net Cash Flow	-212	-872	368	584	1,130	-223	Upgrade
Free Cash Flow	1,389	890	782	1,017	1,742	169	Upgrade
Free Cash Flow Growth	366.11%	13.81%	-23.11%	-41.62%	930.77%	-38.04%	Upgrade
Free Cash Flow Margin	8.51%	5.76%	5.56%	7.92%	14.22%	1.25%	Upgrade
Free Cash Flow Per Share	76.47	47.66	41.42	53.99	92.75	9.00	Upgrade
Cash Interest Paid	-	-	-	-	-	1	Upgrade
Cash Income Tax Paid	562	513	484	253	493	434	Upgrade
Levered Free Cash Flow	1,197	684.38	731.75	834.88	1,476	-	Upgrade
Unlevered Free Cash Flow	1,197	684.38	731.75	834.88	1,476	-	Upgrade
Change in Working Capital	-90	-370	-339	-90	1,043	-790	Upgrade

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