TRADE WORKS Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2015
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '15 Dec 31, 2015
Net Income	92	-100	-58	297	-
Depreciation & Amortization	165	180	140	117	-
Loss (Gain) From Sale of Assets	-	-	-	4	-
Loss (Gain) From Sale of Investments	-	47	-3	-	-
Other Operating Activities	-24	-38	20	-152	-
Change in Accounts Receivable	-178	152	-491	420	-
Change in Inventory	-85	50	25	17	-
Change in Accounts Payable	19	22	27	13	-
Change in Other Net Operating Assets	-364	-35	133	-317	-
Operating Cash Flow	-375	278	-207	399	-
Capital Expenditures	-25	-291	-10	-5	-
Sale of Property, Plant & Equipment	-	-	-	-4	-
Cash Acquisitions	-402	-	-271	-73	-
Sale (Purchase) of Intangibles	-280	-123	-	-	-
Investment in Securities	-65	-60	53	-169	-
Other Investing Activities	-3	77	-176	-1	-
Investing Cash Flow	-795	-397	-404	-252	-
Short-Term Debt Issued	-	380	50	-	-
Long-Term Debt Issued	-	-	550	-	-
Total Debt Issued	780	380	600	-	-
Long-Term Debt Repaid	-	-117	-37	-11	-
Net Debt Issued (Repaid)	657	263	563	-11	-
Issuance of Common Stock	649	110	-	1	-
Repurchase of Common Stock	-	-	-	-199	-
Dividends Paid	-68	-65	-48	-51	-
Other Financing Activities	-1	-1	-1	-1	-
Financing Cash Flow	1,237	307	514	-261	-
Miscellaneous Cash Flow Adjustments	2	1	-	-	-
Net Cash Flow	69	189	-97	-114	-
Free Cash Flow	-400	-13	-217	394	-
Free Cash Flow Margin	-8.51%	-0.28%	-5.78%	12.05%	-
Free Cash Flow Per Share	-111.42	-3.86	-66.00	115.59	-
Cash Interest Paid	5	3	1	-	-
Cash Income Tax Paid	22	39	-18	129	-
Levered Free Cash Flow	-678.25	-293.25	-44.25	-	-
Unlevered Free Cash Flow	-675.13	-291.38	-43.63	-	-
Change in Working Capital	-608	189	-306	133	-

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