Interfactory Cash Flow Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Net Income	190	-30	37	30
Depreciation & Amortization	201	184	84	60
Loss (Gain) From Sale of Investments	-	-	9	-
Other Operating Activities	9	-20	18	-79
Change in Accounts Receivable	-133	-126	4	-1
Change in Inventory	-	-	13	-20
Change in Accounts Payable	63	16	-25	-4
Change in Other Net Operating Assets	46	26	-10	-71
Operating Cash Flow	376	50	130	-85
Operating Cash Flow Growth	652.00%	-61.54%	-	-
Capital Expenditures	-8	-3	-14	-12
Sale (Purchase) of Intangibles	-167	-145	-378	-254
Investment in Securities	-	-	-	-9
Other Investing Activities	-	4	-	-1
Investing Cash Flow	-175	-144	-392	-276
Short-Term Debt Issued	-	150	100	50
Total Debt Issued	-	150	100	50
Short-Term Debt Repaid	-30	-	-	-
Total Debt Repaid	-30	-	-	-
Net Debt Issued (Repaid)	-30	150	100	50
Issuance of Common Stock	-	-	88	1
Repurchase of Common Stock	-	-46	-	-
Other Financing Activities	-	-6	-	-
Financing Cash Flow	-30	98	188	51
Miscellaneous Cash Flow Adjustments	-1	-	-	-
Net Cash Flow	170	4	-74	-310
Free Cash Flow	368	47	116	-97
Free Cash Flow Growth	682.98%	-59.48%	-	-
Free Cash Flow Margin	12.85%	1.81%	4.66%	-4.25%
Free Cash Flow Per Share	91.22	11.48	26.79	-24.20
Cash Interest Paid	5	4	2	1
Cash Income Tax Paid	-7	18	-16	78
Levered Free Cash Flow	199.38	-85.13	-262.5	-401.5
Unlevered Free Cash Flow	202.5	-82.63	-261.25	-400.88
Change in Working Capital	-24	-84	-18	-96