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	FY 2021
Period Ending	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	190	-30	37	30	193
Depreciation & Amortization	201	184	84	60	43
Loss (Gain) From Sale of Investments	-	-	9	-	-
Other Operating Activities	9	-20	18	-79	-71
Change in Accounts Receivable	-133	-126	4	-1	-80
Change in Inventory	-	-	13	-20	-4
Change in Accounts Payable	63	16	-25	-4	92
Change in Other Net Operating Assets	46	26	-10	-71	6
Operating Cash Flow	376	50	130	-85	179
Operating Cash Flow Growth	652.00%	-61.54%	-	-	30.66%
Capital Expenditures	-8	-3	-14	-12	-9
Sale (Purchase) of Intangibles	-167	-145	-378	-254	-111
Investment in Securities	-	-	-	-9	-
Other Investing Activities	-	4	-	-1	-7
Investing Cash Flow	-175	-144	-392	-276	-127
Short-Term Debt Issued	-	150	100	50	-
Total Debt Issued	-	150	100	50	-
Short-Term Debt Repaid	-30	-	-	-	-150
Long-Term Debt Repaid	-	-	-	-	-26
Total Debt Repaid	-30	-	-	-	-176
Net Debt Issued (Repaid)	-30	150	100	50	-176
Issuance of Common Stock	-	-	88	1	553
Repurchase of Common Stock	-	-46	-	-	-
Other Financing Activities	-	-6	-	-	-17
Financing Cash Flow	-30	98	188	51	360
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-
Net Cash Flow	170	4	-74	-310	412
Free Cash Flow	368	47	116	-97	170
Free Cash Flow Growth	682.98%	-59.48%	-	-	37.10%
Free Cash Flow Margin	12.85%	1.81%	4.66%	-4.25%	7.83%
Free Cash Flow Per Share	91.22	11.48	26.79	-24.20	44.37
Cash Interest Paid	5	4	2	1	2
Cash Income Tax Paid	-7	18	-16	78	72
Levered Free Cash Flow	199.38	-85.13	-262.5	-401.5	51.38
Unlevered Free Cash Flow	202.5	-82.63	-261.25	-400.88	52.63
Change in Working Capital	-24	-84	-18	-96	14

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