Segue Group 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	1,891	1,132	1,015	1,165	710
Depreciation & Amortization	445	306	194	147	166
Loss (Gain) From Sale of Assets	110	-	-	-	-
Loss (Gain) From Sale of Investments	-244	-45	-	-63	-24
Other Operating Activities	-623	-293	-535	-205	-477
Change in Accounts Receivable	-2,374	-833	346	-235	97
Change in Inventory	-2,218	1,192	256	-721	-1,554
Change in Accounts Payable	-62	-156	-375	255	801
Change in Other Net Operating Assets	265	452	685	782	130
Operating Cash Flow	-2,810	1,755	1,586	1,125	-151
Operating Cash Flow Growth	-	10.66%	40.98%	-	-
Capital Expenditures	-200	-118	-228	-80	-111
Cash Acquisitions	-5	-1,421	-	-195	-
Divestitures	-	245	-	-	-
Sale (Purchase) of Intangibles	-59	-44	-77	-13	-13
Investment in Securities	257	173	-120	378	-131
Other Investing Activities	-83	174	-233	-6	1
Investing Cash Flow	-90	-991	-658	84	-254
Short-Term Debt Issued	2,173	-	-	-	500
Long-Term Debt Issued	-	1,724	-	1,205	-
Total Debt Issued	2,173	1,724	-	1,205	500
Short-Term Debt Repaid	-	-22	-40	-461	-
Long-Term Debt Repaid	-551	-375	-250	-150	-8
Total Debt Repaid	-551	-397	-290	-611	-8
Net Debt Issued (Repaid)	1,622	1,327	-290	594	492
Issuance of Common Stock	15	30	3	18	7
Repurchase of Common Stock	-	-1,278	-	-	-299
Common Dividends Paid	-380	-328	-369	-180	-182
Other Financing Activities	-19	-86	-13	21	-1
Financing Cash Flow	1,238	-335	-669	453	17
Foreign Exchange Rate Adjustments	130	185	86	92	14
Miscellaneous Cash Flow Adjustments	1	-	-1	1	-
Net Cash Flow	-1,531	614	344	1,755	-374
Free Cash Flow	-3,010	1,637	1,358	1,045	-262
Free Cash Flow Growth	-	20.54%	29.95%	-	-
Free Cash Flow Margin	-12.00%	8.75%	7.79%	7.67%	-2.18%
Free Cash Flow Per Share	-93.99	50.23	39.97	30.83	-7.52
Cash Interest Paid	47	24	15	6	-
Cash Income Tax Paid	623	293	537	207	479
Levered Free Cash Flow	-2,913	1,523	1,346	1,102	-490.25
Unlevered Free Cash Flow	-2,883	1,538	1,356	1,106	-490.25
Change in Working Capital	-4,389	655	912	81	-526

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