Betrend 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-80	85	98	146	88
Depreciation & Amortization	70	44	51	55	62
Loss (Gain) From Sale of Assets	-	18	-	-	-
Other Operating Activities	-10	-20	-57	-25	-37
Change in Accounts Receivable	28	-14	-19	21	-33
Change in Inventory	-1	1	1	-3	2
Change in Accounts Payable	2	9	-3	-1	-
Change in Other Net Operating Assets	8	18	-26	15	4
Operating Cash Flow	17	141	45	208	86
Operating Cash Flow Growth	-87.94%	213.33%	-78.36%	141.86%	-49.11%
Capital Expenditures	-71	-6	-2	-3	-5
Sale (Purchase) of Intangibles	-93	-64	-50	-40	-52
Other Investing Activities	16	-26	-	-1	-89
Investing Cash Flow	-148	-96	-52	-44	-146
Long-Term Debt Repaid	-	-	-	-9	-16
Net Debt Issued (Repaid)	-	-	-	-9	-16
Issuance of Common Stock	-	2	2	5	70
Repurchase of Common Stock	-	-17	-22	-	-
Other Financing Activities	-	-	-	1	-1
Financing Cash Flow	-	-15	-20	-3	53
Miscellaneous Cash Flow Adjustments	1	-1	-	-	1
Net Cash Flow	-130	29	-27	161	-6
Free Cash Flow	-54	135	43	205	81
Free Cash Flow Growth	-	213.95%	-79.02%	153.09%	-51.20%
Free Cash Flow Margin	-4.66%	11.69%	3.94%	18.84%	7.70%
Free Cash Flow Per Share	-25.04	62.35	19.56	92.25	72.98
Cash Income Tax Paid	10	21	56	25	37
Levered Free Cash Flow	-110.25	30	-25.13	139.88	-3.38
Unlevered Free Cash Flow	-110.25	30	-25.13	139.88	-3.38
Change in Working Capital	37	14	-47	32	-27