GreenBee 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	-	55	-143	-182	12
Depreciation & Amortization	-	6	8	10	26
Other Operating Activities	-	-21	-164	1	-19
Change in Accounts Receivable	-	19	-34	-4	28
Change in Inventory	-	59	121	287	-275
Change in Accounts Payable	-	-6	2	-12	1
Change in Other Net Operating Assets	-	9	102	23	-21
Operating Cash Flow	-	121	-108	123	-248
Capital Expenditures	-	-5	-4	-4	-1
Sale (Purchase) of Intangibles	-	-	-1	-1	-
Investment in Securities	-	-13	-	-	-
Other Investing Activities	-	-4	-	-	-
Investing Cash Flow	-	-22	-5	-5	-1
Issuance of Common Stock	-	43	-	194	2
Other Financing Activities	-	-	-	-1	-
Financing Cash Flow	-	43	-	193	2
Foreign Exchange Rate Adjustments	-	8	6	6	11
Miscellaneous Cash Flow Adjustments	-	1	-1	1	1
Net Cash Flow	-	151	-108	318	-235
Free Cash Flow	-	116	-112	119	-249
Free Cash Flow Margin	-	14.39%	-13.78%	14.39%	-34.49%
Free Cash Flow Per Share	-	50.68	-49.67	57.49	-128.77
Cash Income Tax Paid	-	22	19	-2	20
Levered Free Cash Flow	-	86.88	25.75	97.5	-258.63
Unlevered Free Cash Flow	-	86.88	25.75	97.5	-258.63
Change in Working Capital	-	81	191	294	-267

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