BENEFIT JAPAN 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	1,230	1,068	892	1,510	1,308
Depreciation & Amortization	155	187	161	113	108
Loss (Gain) From Sale of Investments	5	-167	-	-	-
Other Operating Activities	-480	-217	-509	-451	-440
Change in Accounts Receivable	661	-823	3	195	-593
Change in Inventory	26	205	-151	-115	-155
Change in Accounts Payable	-128	223	-115	43	281
Change in Other Net Operating Assets	-260	488	34	115	37
Operating Cash Flow	1,209	964	315	1,410	546
Operating Cash Flow Growth	25.41%	206.03%	-77.66%	158.24%	-
Capital Expenditures	-29	-30	-231	-47	-23
Sale of Property, Plant & Equipment	-	2	-	-	-
Cash Acquisitions	-	-8	-	-	-
Sale (Purchase) of Intangibles	-72	-26	-50	-29	-35
Investment in Securities	-	172	-	-	-
Other Investing Activities	-1	-100	-80	-18	-31
Investing Cash Flow	-102	10	-361	-94	-88
Short-Term Debt Issued	1,500	1,150	1,750	2,200	900
Long-Term Debt Issued	1,000	-	1,300	-	-
Total Debt Issued	2,500	1,150	3,050	2,200	900
Short-Term Debt Repaid	-1,950	-1,100	-2,950	-2,000	-1,000
Long-Term Debt Repaid	-328	-342	-205	-60	-60
Total Debt Repaid	-2,278	-1,442	-3,155	-2,060	-1,060
Net Debt Issued (Repaid)	222	-292	-105	140	-160
Issuance of Common Stock	3	7	2	1	-
Repurchase of Common Stock	-36	-116	-	-	-
Common Dividends Paid	-117	-53	-53	-47	-47
Other Financing Activities	-81	-11	-	-1	-
Financing Cash Flow	-9	-465	-156	93	-207
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-1
Net Cash Flow	1,097	509	-202	1,409	250
Free Cash Flow	1,180	934	84	1,363	523
Free Cash Flow Growth	26.34%	1011.90%	-93.84%	160.61%	-
Free Cash Flow Margin	9.26%	7.15%	0.67%	11.78%	5.26%
Free Cash Flow Per Share	200.24	156.90	14.02	227.76	87.69
Cash Interest Paid	8	7	8	6	6
Cash Income Tax Paid	482	217	508	453	440
Levered Free Cash Flow	753.13	1,054	65.63	1,202	381.5
Unlevered Free Cash Flow	758.13	1,058	70	1,206	385.25
Change in Working Capital	299	93	-229	238	-430

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