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

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