Yappli Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	548	-276	-932	-931	-627
Depreciation & Amortization	24	51	62	61	58
Other Operating Activities	-94	-487	-10	-5	-2
Change in Accounts Receivable	-116	-6	-83	-160	-99
Change in Inventory	11	-17	2	-4	-3
Change in Accounts Payable	-16	25	-57	123	92
Change in Other Net Operating Assets	9	549	92	12	13
Operating Cash Flow	366	-161	-926	-904	-568
Capital Expenditures	-14	-	-20	-24	-10
Cash Acquisitions	-471	-	-	-	-
Other Investing Activities	-2	53	1	-142	141
Investing Cash Flow	-487	53	-19	-166	131
Long-Term Debt Issued	764	-	800	-	-
Short-Term Debt Repaid	-	-	-	-77	-232
Long-Term Debt Repaid	-196	-125	-105	-124	-81
Total Debt Repaid	-196	-125	-105	-201	-313
Net Debt Issued (Repaid)	568	-125	695	-201	-313
Issuance of Common Stock	4	90	33	1,117	1,765
Other Financing Activities	-	1	1	-3	-25
Financing Cash Flow	572	-34	729	913	1,427
Miscellaneous Cash Flow Adjustments	1	-1	-1	1	-
Net Cash Flow	452	-143	-217	-156	990
Free Cash Flow	352	-161	-946	-928	-578
Free Cash Flow Margin	6.39%	-3.31%	-22.84%	-28.44%	-24.18%
Free Cash Flow Per Share	27.10	-12.67	-75.25	-75.70	-63.73
Cash Interest Paid	6	5	4	2	5
Cash Income Tax Paid	37	8	8	6	4
Levered Free Cash Flow	76.63	365.5	-606.38	-581.88	-348.5
Unlevered Free Cash Flow	80.38	368.63	-603.88	-580.63	-344.75
Change in Working Capital	-112	551	-46	-29	3

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.