Nippon Kodoshi 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	2,437	2,021	3,532	4,182	2,784
Depreciation & Amortization	1,030	1,426	1,409	1,359	1,279
Loss (Gain) From Sale of Assets	4	46	66	117	39
Loss (Gain) From Sale of Investments	7	-	-	-	-
Other Operating Activities	-145	-778	-1,536	-1,087	-254
Change in Accounts Receivable	739	-615	455	84	-665
Change in Inventory	374	-171	-2,358	-807	365
Change in Accounts Payable	-203	185	-81	79	-646
Change in Other Net Operating Assets	-442	-204	-802	-1,020	317
Operating Cash Flow	3,801	1,910	685	2,907	3,219
Operating Cash Flow Growth	99.00%	178.83%	-76.44%	-9.69%	32.03%
Capital Expenditures	-5,944	-3,386	-3,543	-1,822	-885
Sale (Purchase) of Intangibles	-24	-20	-26	-70	-13
Investment in Securities	-	-	-	38	-38
Other Investing Activities	2,567	-6	-30	17	-52
Investing Cash Flow	-3,401	-3,412	-3,599	-1,837	-988
Short-Term Debt Issued	1,500	-	-	-	61
Long-Term Debt Issued	1,000	4,300	4,700	-	2,000
Total Debt Issued	2,500	4,300	4,700	-	2,061
Short-Term Debt Repaid	-	-	-600	-	-
Long-Term Debt Repaid	-2,406	-1,857	-1,202	-964	-1,305
Total Debt Repaid	-2,406	-1,857	-1,802	-964	-1,305
Net Debt Issued (Repaid)	94	2,443	2,898	-964	756
Repurchase of Common Stock	-198	-301	-	-	-
Common Dividends Paid	-531	-642	-323	-290	-215
Other Financing Activities	-2	-2	-	-1	-
Financing Cash Flow	-637	1,498	2,575	-1,255	541
Foreign Exchange Rate Adjustments	58	86	126	80	-23
Miscellaneous Cash Flow Adjustments	-	-	2	1	-2
Net Cash Flow	-179	82	-211	-104	2,747
Free Cash Flow	-2,143	-1,476	-2,858	1,085	2,334
Free Cash Flow Growth	-	-	-	-53.51%	66.12%
Free Cash Flow Margin	-13.37%	-9.95%	-16.25%	6.00%	14.66%
Free Cash Flow Per Share	-201.60	-138.65	-265.38	100.83	216.98
Cash Interest Paid	41	12	5	3	5
Cash Income Tax Paid	182	832	1,537	1,091	268
Levered Free Cash Flow	-3,216	-1,076	-3,028	1,102	2,023
Unlevered Free Cash Flow	-3,191	-1,068	-3,025	1,104	2,026
Change in Working Capital	468	-805	-2,786	-1,664	-629

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