Innovation 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	-344	302	435	193	759
Depreciation & Amortization	453	70	56	61	45
Loss (Gain) From Sale of Assets	27	-	-	95	4
Loss (Gain) From Sale of Investments	-	36	-31	56	20
Other Operating Activities	-230	-173	9	-329	-237
Change in Accounts Receivable	70	-3	-275	191	-203
Change in Inventory	14	-	-	-	-
Change in Accounts Payable	-11	-118	141	-30	53
Change in Other Net Operating Assets	335	-41	10	-124	25
Operating Cash Flow	314	73	345	113	466
Operating Cash Flow Growth	330.14%	-78.84%	205.31%	-75.75%	10.43%
Capital Expenditures	-98	-31	-5	-5	-1
Cash Acquisitions	-	-1,563	-	-15	-
Sale (Purchase) of Intangibles	-286	-79	-64	-108	-127
Investment in Securities	-	-32	313	-60	-154
Other Investing Activities	86	-1	-1	-3	-1
Investing Cash Flow	-298	-1,699	236	-191	-283
Short-Term Debt Issued	50	2,200	-	-	-
Long-Term Debt Issued	2,550	-	300	-	-
Total Debt Issued	2,600	2,200	300	-	-
Short-Term Debt Repaid	-2,229	-	-	-	-
Long-Term Debt Repaid	-558	-99	-	-	-
Total Debt Repaid	-2,787	-99	-	-	-
Net Debt Issued (Repaid)	-187	2,101	300	-	-
Issuance of Common Stock	13	39	171	207	-
Repurchase of Common Stock	-	-76	-	-	-
Common Dividends Paid	-109	-107	-98	-91	-
Other Financing Activities	-49	-35	30	15	-
Financing Cash Flow	-332	1,922	403	131	-
Foreign Exchange Rate Adjustments	3	-	-	-	-
Miscellaneous Cash Flow Adjustments	1	-	1	60	-1
Net Cash Flow	-312	296	985	113	182
Free Cash Flow	216	42	340	108	465
Free Cash Flow Growth	414.29%	-87.65%	214.81%	-76.77%	13.41%
Free Cash Flow Margin	3.10%	0.79%	7.06%	2.36%	10.62%
Free Cash Flow Per Share	81.02	15.73	130.97	43.29	196.46
Cash Interest Paid	34	8	-	-	-
Cash Income Tax Paid	228	174	-7	329	240
Levered Free Cash Flow	-17	247	286	72.38	295.25
Unlevered Free Cash Flow	3	252	286	72.38	295.25
Change in Working Capital	408	-162	-124	37	-125

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