Path Corporation 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	-509	-268	-160	-252	-742	-536
Depreciation & Amortization	87	44	34	25	29	16
Loss (Gain) From Sale of Assets	10	11	7	28	5	-
Other Operating Activities	-7	-14	-1	-8	-	-4
Change in Accounts Receivable	4	20	30	-122	66	4
Change in Inventory	24	-13	-120	-62	-106	92
Change in Accounts Payable	-47	-94	133	-7	-70	-32
Change in Other Net Operating Assets	-33	-224	1	46	-17	-42
Operating Cash Flow	-471	-538	-76	-352	-835	-502
Capital Expenditures	-274	-519	-82	-115	-20	-34
Sale (Purchase) of Intangibles	-4	-3	-	-	-2	-3
Other Investing Activities	-15	-3	-5	2	-1	38
Investing Cash Flow	-293	-525	-87	-113	-23	1
Short-Term Debt Issued	-	330	-	-	750	80
Total Debt Issued	-	330	-	-	750	80
Short-Term Debt Repaid	-	-4	-	-500	-250	-80
Total Debt Repaid	-33	-4	-	-500	-250	-80
Net Debt Issued (Repaid)	-33	326	-	-500	500	-
Issuance of Common Stock	697	587	287	781	498	454
Other Financing Activities	1	1	-	-	-	-
Financing Cash Flow	665	914	287	281	998	454
Miscellaneous Cash Flow Adjustments	6	7	-1	11	-1	1
Net Cash Flow	-93	-142	123	-173	139	-46
Free Cash Flow	-745	-1,057	-158	-467	-855	-536
Free Cash Flow Margin	-31.11%	-46.91%	-6.81%	-23.46%	-40.45%	-24.27%
Free Cash Flow Per Share	-10.43	-16.66	-2.97	-9.97	-24.02	-18.29
Cash Interest Paid	5	2	-	1	1	-
Cash Income Tax Paid	7	12	4	6	1	4
Levered Free Cash Flow	-429.88	-780.88	-92.5	-385.75	-574.13	-312.88
Unlevered Free Cash Flow	-427.38	-779.63	-92.5	-385.13	-572.25	-312.88
Change in Working Capital	-52	-311	44	-145	-127	22

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