KAYAC Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,104	362	942	1,261	1,359
Depreciation & Amortization	346	348	352	252	220
Loss (Gain) From Sale of Assets	-	34	33	-	-
Loss (Gain) From Sale of Investments	-228	4	63	-42	-92
Loss (Gain) on Equity Investments	258	74	19	-	-
Other Operating Activities	-64	-483	-620	-331	-229
Change in Accounts Receivable	-653	-391	184	-729	-670
Change in Inventory	26	-103	36	197	-120
Change in Accounts Payable	34	-431	72	766	249
Change in Other Net Operating Assets	109	367	42	392	-228
Operating Cash Flow	932	-219	1,123	1,766	489
Operating Cash Flow Growth	-	-	-36.41%	261.14%	-62.24%
Capital Expenditures	-524	-164	-146	-261	-106
Sale of Property, Plant & Equipment	-	99	-	-	-
Cash Acquisitions	2	-436	-	-552	-26
Divestitures	824	-3	9	-	-
Sale (Purchase) of Intangibles	-55	-56	-3	-83	-31
Investment in Securities	92	-382	-113	-73	74
Other Investing Activities	-10	-11	-101	60	102
Investing Cash Flow	87	-953	-354	-909	13
Short-Term Debt Issued	49	150	-	-	206
Long-Term Debt Issued	810	1,530	521	700	310
Total Debt Issued	859	1,680	521	700	516
Short-Term Debt Repaid	-	-	-	-	-9
Long-Term Debt Repaid	-987	-674	-738	-725	-983
Total Debt Repaid	-987	-674	-738	-725	-992
Net Debt Issued (Repaid)	-128	1,006	-217	-25	-476
Issuance of Common Stock	-	-	53	677	26
Repurchase of Common Stock	-391	-	-	-	-
Common Dividends Paid	-63	-63	-62	-59	-58
Other Financing Activities	6	-13	191	338	-64
Financing Cash Flow	-576	930	-35	931	-572
Foreign Exchange Rate Adjustments	26	18	10	12	14
Miscellaneous Cash Flow Adjustments	1	-	-	1	2
Net Cash Flow	470	-224	744	1,801	-54
Free Cash Flow	408	-383	977	1,505	383
Free Cash Flow Growth	-	-	-35.08%	292.95%	-69.75%
Free Cash Flow Margin	2.03%	-2.29%	5.59%	9.12%	3.05%
Free Cash Flow Per Share	25.43	-23.78	60.36	95.60	24.95
Cash Interest Paid	26	14	7	7	8
Cash Income Tax Paid	67	497	637	398	258
Levered Free Cash Flow	294.13	-528	1,263	1,270	233
Unlevered Free Cash Flow	310.38	-519.25	1,268	1,275	238
Change in Working Capital	-484	-558	334	626	-769

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