SuRaLa Net 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-43	135	391	495
Depreciation & Amortization	292	271	242	184
Loss (Gain) From Sale of Assets	116	86	1	5
Other Operating Activities	-45	-102	-150	-130
Change in Accounts Receivable	67	66	-34	-25
Change in Inventory	-	5	-3	8
Change in Accounts Payable	-62	-11	-12	1
Change in Other Net Operating Assets	-86	-78	40	4
Operating Cash Flow	239	372	475	542
Operating Cash Flow Growth	-35.75%	-21.68%	-12.36%	-
Capital Expenditures	-1	-1	-	-32
Cash Acquisitions	-	-	-	-89
Sale (Purchase) of Intangibles	-483	-414	-426	-337
Other Investing Activities	-	1	-7	-45
Investing Cash Flow	-484	-414	-433	-503
Long-Term Debt Issued	-	-	-	100
Long-Term Debt Repaid	-	-1	-106	-5
Net Debt Issued (Repaid)	-	-1	-106	95
Repurchase of Common Stock	-48	-50	-114	-
Other Financing Activities	-	-	-	-45
Financing Cash Flow	-48	-51	-220	50
Miscellaneous Cash Flow Adjustments	-	-	-	-1
Net Cash Flow	-293	-93	-178	88
Free Cash Flow	238	371	475	510
Free Cash Flow Growth	-35.85%	-21.89%	-6.86%	-
Free Cash Flow Margin	12.32%	19.05%	22.14%	23.75%
Free Cash Flow Per Share	37.55	57.17	72.27	76.20
Cash Income Tax Paid	42	102	150	132
Levered Free Cash Flow	-252.75	-42.13	-23.13	-
Unlevered Free Cash Flow	-252.75	-42.13	-23.13	-
Change in Working Capital	-81	-18	-9	-12