Innovation 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	302	435	193	759	483
Depreciation & Amortization	70	56	61	45	37
Loss (Gain) From Sale of Assets	-	-	95	4	39
Loss (Gain) From Sale of Investments	36	-31	56	20	-
Other Operating Activities	-173	9	-329	-237	-138
Change in Accounts Receivable	-3	-275	191	-203	-221
Change in Accounts Payable	-118	141	-30	53	120
Change in Other Net Operating Assets	-41	10	-124	25	102
Operating Cash Flow	73	345	113	466	422
Operating Cash Flow Growth	-78.84%	205.31%	-75.75%	10.43%	61.07%
Capital Expenditures	-31	-5	-5	-1	-12
Cash Acquisitions	-1,563	-	-15	-	-6
Sale (Purchase) of Intangibles	-79	-64	-108	-127	-57
Investment in Securities	-32	313	-60	-154	-220
Other Investing Activities	-1	-1	-3	-1	-1
Investing Cash Flow	-1,699	236	-191	-283	-349
Short-Term Debt Issued	2,200	-	-	-	-
Long-Term Debt Issued	-	300	-	-	-
Total Debt Issued	2,200	300	-	-	-
Long-Term Debt Repaid	-99	-	-	-	-19
Net Debt Issued (Repaid)	2,101	300	-	-	-19
Issuance of Common Stock	39	171	207	-	1,266
Repurchase of Common Stock	-76	-	-	-	-
Common Dividends Paid	-107	-98	-91	-	-
Other Financing Activities	-35	30	15	-	-1
Financing Cash Flow	1,922	403	131	-	1,246
Miscellaneous Cash Flow Adjustments	-	1	60	-1	12
Net Cash Flow	296	985	113	182	1,331
Free Cash Flow	42	340	108	465	410
Free Cash Flow Growth	-87.65%	214.81%	-76.77%	13.41%	59.53%
Free Cash Flow Margin	0.79%	7.06%	2.36%	10.62%	13.30%
Free Cash Flow Per Share	15.73	130.97	43.29	196.46	187.05
Cash Interest Paid	8	-	-	-	-
Cash Income Tax Paid	174	-7	329	240	141
Levered Free Cash Flow	247	286	72.38	295.25	275.75
Unlevered Free Cash Flow	252	286	72.38	295.25	275.75
Change in Working Capital	-162	-124	37	-125	1

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