Toyokumo 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 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,608	1,162	427.04	286.81
Depreciation & Amortization	249	16	17.42	23.11
Provision & Write-off of Bad Debts	-	-	0.67	0.36
Other Operating Activities	-380	-262	30.97	17.93
Change in Accounts Receivable	-71	-50	-15.4	-8.71
Change in Accounts Payable	228	129	47.81	36.88
Change in Unearned Revenue	-	-	114.53	121.74
Change in Other Net Operating Assets	386	342	27.11	-34.73
Operating Cash Flow	2,020	1,337	650.14	443.37
Operating Cash Flow Growth	51.09%	105.65%	46.64%	-
Capital Expenditures	-5	-6	-4.66	-76.04
Cash Acquisitions	-1,185	-	-	-
Sale (Purchase) of Intangibles	-89	-63	-	-
Investment in Securities	-29	-	-	-
Other Investing Activities	-54	-1	-	-86.42
Investing Cash Flow	-1,362	-70	-4.66	-162.46
Long-Term Debt Repaid	-95	-	-	-
Net Debt Issued (Repaid)	-95	-	-	-
Issuance of Common Stock	-	-	-	0.6
Repurchase of Common Stock	-200	-	-200.14	-0.13
Common Dividends Paid	-152	-108	-50.68	-
Other Financing Activities	-1	1	-0	-0
Financing Cash Flow	-448	-107	-250.82	0.47
Miscellaneous Cash Flow Adjustments	-	-2	-0	-
Net Cash Flow	210	1,158	394.66	281.37
Free Cash Flow	2,015	1,331	645.48	367.32
Free Cash Flow Growth	51.39%	106.20%	75.72%	-
Free Cash Flow Margin	41.48%	42.31%	33.32%	23.30%
Free Cash Flow Per Share	184.43	122.00	58.97	33.44
Cash Interest Paid	1	-	-	-
Cash Income Tax Paid	384	265	181.34	116.8
Levered Free Cash Flow	1,740	-	618.62	-
Unlevered Free Cash Flow	1,740	-	618.62	-
Change in Working Capital	543	421	174.05	115.17