Neural Group 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	-53	11	-749	-964	13
Depreciation & Amortization	148	150	167	289	90
Loss (Gain) From Sale of Assets	9	-	66	656	-
Loss (Gain) From Sale of Investments	-	-	-2	-	-
Other Operating Activities	-2	22	-	-108	1
Change in Accounts Receivable	133	-94	101	-293	6
Change in Inventory	20	64	-5	34	-81
Change in Accounts Payable	-102	1	-8	9	-49
Change in Other Net Operating Assets	-3	40	44	59	20
Operating Cash Flow	150	194	-386	-318	-
Operating Cash Flow Growth	-22.68%	-	-	-	-
Capital Expenditures	-	-1	-64	-137	-158
Cash Acquisitions	-	-	-100	-401	-227
Sale (Purchase) of Intangibles	-	-3	-4	-	-96
Investment in Securities	-30	7	97	5	-
Other Investing Activities	2	1	16	271	-13
Investing Cash Flow	-28	4	-55	-262	-494
Short-Term Debt Issued	-	-	-	-	400
Long-Term Debt Issued	700	50	60	700	-
Total Debt Issued	700	50	60	700	400
Short-Term Debt Repaid	-100	-	-	-150	-
Long-Term Debt Repaid	-567	-593	-494	-403	-3
Total Debt Repaid	-667	-593	-494	-553	-3
Net Debt Issued (Repaid)	33	-543	-434	147	397
Issuance of Common Stock	1,361	199	672	29	100
Other Financing Activities	1	-	-1	-14	-1
Financing Cash Flow	1,395	-344	237	162	496
Miscellaneous Cash Flow Adjustments	-1	3	-1	1	-1
Net Cash Flow	1,516	-143	-205	-417	1
Free Cash Flow	150	193	-450	-455	-158
Free Cash Flow Growth	-22.28%	-	-	-	-
Free Cash Flow Margin	4.55%	5.42%	-14.16%	-15.81%	-15.64%
Free Cash Flow Per Share	9.41	12.59	-30.21	-31.69	-10.67
Cash Interest Paid	27	19	23	23	6
Cash Income Tax Paid	4	-18	3	110	-
Levered Free Cash Flow	219.38	186	-299.63	-350.38	-
Unlevered Free Cash Flow	236.25	197.88	-285.25	-336	-
Change in Working Capital	48	11	132	-191	-104

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