Double Standard 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	2,613	2,429	2,315	1,582	1,085
Depreciation & Amortization	83	67	40	26	24
Loss (Gain) From Sale of Assets	4	-	3	25	-
Loss (Gain) From Sale of Investments	-10	-133	-36	112	27
Loss (Gain) on Equity Investments	-	-	31	-5	-14
Other Operating Activities	-807	-702	-635	-332	-398
Change in Accounts Receivable	20	-231	-178	-210	31
Change in Inventory	16	14	110	-122	8
Change in Accounts Payable	44	-6	-1	66	87
Change in Other Net Operating Assets	31	-3	-209	4	-
Operating Cash Flow	1,994	1,435	1,440	1,146	850
Operating Cash Flow Growth	38.95%	-0.35%	25.65%	34.82%	14.40%
Capital Expenditures	-235	-351	-16	-66	-9
Cash Acquisitions	-	-	-30	-	-47
Sale (Purchase) of Intangibles	-7	-53	-35	-29	-12
Investment in Securities	110	33	110	-74	-
Other Investing Activities	-6	8	97	-96	-1
Investing Cash Flow	-138	-363	126	-265	-69
Repurchase of Common Stock	-	-93	-	-1	-
Common Dividends Paid	-742	-678	-542	-373	-271
Other Financing Activities	-228	-	-	-	-
Financing Cash Flow	-970	-771	-542	-374	-271
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-1	-1
Net Cash Flow	885	300	1,023	506	509
Free Cash Flow	1,759	1,084	1,424	1,080	841
Free Cash Flow Growth	62.27%	-23.88%	31.85%	28.42%	13.49%
Free Cash Flow Margin	21.99%	15.17%	20.61%	15.26%	19.07%
Free Cash Flow Per Share	130.14	79.95	104.87	79.53	61.93
Cash Income Tax Paid	809	702	638	331	400
Levered Free Cash Flow	1,604	943.13	1,276	937.75	750.13
Unlevered Free Cash Flow	1,604	943.13	1,276	937.75	750.13
Change in Working Capital	111	-226	-278	-262	126

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