Stmn, Inc. 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	208.15	224	162	132
Depreciation & Amortization	38.94	31	26	19
Loss (Gain) From Sale of Assets	-	-	1	-
Loss (Gain) From Sale of Investments	1.9	-	-	-
Stock-Based Compensation	11.29	-	-	-
Provision & Write-off of Bad Debts	6.46	-	-	-
Other Operating Activities	-65.64	3	-36	-12
Change in Accounts Receivable	-233.43	-47	-12	17
Change in Inventory	-3.55	-	-2	-
Change in Accounts Payable	63.63	80	64	27
Change in Unearned Revenue	-38.03	-	-	-
Change in Other Net Operating Assets	11.24	100	-1	-21
Operating Cash Flow	0.96	391	202	162
Operating Cash Flow Growth	-99.75%	93.56%	24.69%	-
Capital Expenditures	-44.06	-42	-11	-130
Cash Acquisitions	-	-	-20	-
Sale (Purchase) of Intangibles	-1.6	-	-10	-8
Investment in Securities	50	288	-	275
Other Investing Activities	-31.63	-6	-4	-1
Investing Cash Flow	-27.29	-310	-45	136
Long-Term Debt Issued	100	-	20	-
Long-Term Debt Repaid	-28.35	-16	-10	-9
Net Debt Issued (Repaid)	71.65	-16	10	-9
Issuance of Common Stock	7.7	14	43	4
Repurchase of Common Stock	-0.02	-	-	-
Common Dividends Paid	-35	-35	-	-
Other Financing Activities	-0	-	-	-
Financing Cash Flow	44.33	-37	53	-5
Miscellaneous Cash Flow Adjustments	-0	-	-1	-
Net Cash Flow	18	44	209	293
Free Cash Flow	-43.1	349	191	32
Free Cash Flow Growth	-	82.72%	496.88%	-
Free Cash Flow Margin	-1.13%	12.96%	10.17%	2.46%
Free Cash Flow Per Share	-4.87	39.68	21.79	3.68
Cash Interest Paid	0.74	-	-	-
Cash Income Tax Paid	155.87	-2	35	13
Levered Free Cash Flow	-37.83	345.63	117.13	-
Unlevered Free Cash Flow	-37.37	345.63	117.13	-
Change in Working Capital	-200.14	133	49	23

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