rakumo 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	272.31	375	297	221	192
Depreciation & Amortization	151.29	107	76	42	45
Other Amortization	4.45	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	29
Loss (Gain) From Sale of Investments	1.43	-	-	-	-
Stock-Based Compensation	16.39	-	-	-	-
Provision & Write-off of Bad Debts	1.27	-	-	-	-
Other Operating Activities	-14.26	-101	-23	-39	-11
Change in Accounts Receivable	16.56	-	-1	-	-6
Change in Inventory	0.13	-	-	-	1
Change in Accounts Payable	16.48	-7	-18	6	-7
Change in Unearned Revenue	38.85	-	-	-	-
Change in Income Taxes	0.84	-	-	-	-
Change in Other Net Operating Assets	5.24	89	20	45	43
Operating Cash Flow	510.98	463	351	275	286
Operating Cash Flow Growth	10.36%	31.91%	27.64%	-3.85%	10.85%
Capital Expenditures	-3.02	-4	-5	-2	-4
Sale of Property, Plant & Equipment	0.14	-	-	-	-
Cash Acquisitions	-1,460	-	-287	-34	-
Sale (Purchase) of Intangibles	-111.84	-61	-53	-46	-49
Investment in Securities	-5	-5	-10	-10	-
Other Investing Activities	-0	-	-2	-	-
Investing Cash Flow	-1,580	-70	-357	-92	-53
Long-Term Debt Issued	700	-	491	-	-
Long-Term Debt Repaid	-59.21	-10	-40	-57	-20
Net Debt Issued (Repaid)	640.79	-10	451	-57	-20
Issuance of Common Stock	2.54	6	3	9	32
Repurchase of Common Stock	-	-	-	-	-1
Common Dividends Paid	-34.86	-	-	-	-
Other Financing Activities	-1.98	1	1	1	-
Financing Cash Flow	606.49	-3	455	-47	11
Foreign Exchange Rate Adjustments	-3.41	6	4	8	8
Miscellaneous Cash Flow Adjustments	0	-1	-	-	-
Net Cash Flow	-465.51	395	453	144	252
Free Cash Flow	507.96	459	346	273	282
Free Cash Flow Growth	10.67%	32.66%	26.74%	-3.19%	10.16%
Free Cash Flow Margin	27.76%	31.81%	26.72%	24.91%	29.28%
Free Cash Flow Per Share	78.38	70.33	55.03	46.50	47.98
Cash Interest Paid	4.22	-	-	1	2
Cash Income Tax Paid	172.27	101	24	39	12
Levered Free Cash Flow	385.54	369.38	363.38	202.38	172.25
Unlevered Free Cash Flow	389.15	370	364	203	173.5
Change in Working Capital	78.1	82	1	51	31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.