BENEFIT JAPAN Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	1,489	1,230	1,068	892	1,510
Depreciation & Amortization	173	155	187	161	113
Loss (Gain) From Sale of Assets	12	-	-	-	-
Loss (Gain) From Sale of Investments	2	5	-167	-	-
Other Operating Activities	-276	-480	-217	-509	-451
Change in Accounts Receivable	-2,742	661	-823	3	195
Change in Inventory	-487	26	205	-151	-115
Change in Accounts Payable	775	-128	223	-115	43
Change in Other Net Operating Assets	722	-260	488	34	115
Operating Cash Flow	-332	1,209	964	315	1,410
Operating Cash Flow Growth	-	25.41%	206.03%	-77.66%	158.24%
Capital Expenditures	-63	-29	-30	-231	-47
Sale of Property, Plant & Equipment	-	-	2	-	-
Cash Acquisitions	-100	-	-8	-	-
Sale (Purchase) of Intangibles	-85	-72	-26	-50	-29
Investment in Securities	-40	-	172	-	-
Other Investing Activities	13	-1	-100	-80	-18
Investing Cash Flow	-275	-102	10	-361	-94
Short-Term Debt Issued	1,500	1,500	1,150	1,750	2,200
Long-Term Debt Issued	-	1,000	-	1,300	-
Total Debt Issued	1,500	2,500	1,150	3,050	2,200
Short-Term Debt Repaid	-1,150	-1,950	-1,100	-2,950	-2,000
Long-Term Debt Repaid	-335	-328	-342	-205	-60
Total Debt Repaid	-1,485	-2,278	-1,442	-3,155	-2,060
Net Debt Issued (Repaid)	15	222	-292	-105	140
Issuance of Common Stock	38	3	7	2	1
Repurchase of Common Stock	-7	-36	-116	-	-
Common Dividends Paid	-252	-117	-53	-53	-47
Other Financing Activities	78	-81	-11	-	-1
Financing Cash Flow	-128	-9	-465	-156	93
Miscellaneous Cash Flow Adjustments	-2	-1	-	-	-
Net Cash Flow	-737	1,097	509	-202	1,409
Free Cash Flow	-395	1,180	934	84	1,363
Free Cash Flow Growth	-	26.34%	1011.90%	-93.84%	160.61%
Free Cash Flow Margin	-2.15%	9.26%	7.15%	0.67%	11.78%
Free Cash Flow Per Share	-66.88	200.24	156.90	14.02	227.76
Cash Interest Paid	11	8	7	8	6
Cash Income Tax Paid	279	482	217	508	453
Levered Free Cash Flow	-254.63	753.13	1,054	65.63	1,202
Unlevered Free Cash Flow	-247.75	758.13	1,058	70	1,206
Change in Working Capital	-1,732	299	93	-229	238

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