Yappli 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	877	548	-276	-932	-931
Depreciation & Amortization	15	24	51	62	61
Loss (Gain) on Equity Investments	-2	-	-	-	-
Other Operating Activities	7	-94	-487	-10	-5
Change in Accounts Receivable	-67	-116	-6	-83	-160
Change in Inventory	-14	11	-17	2	-4
Change in Accounts Payable	61	-16	25	-57	123
Change in Other Net Operating Assets	-101	9	549	92	12
Operating Cash Flow	776	366	-161	-926	-904
Operating Cash Flow Growth	112.02%	-	-	-	-
Capital Expenditures	-	-14	-	-20	-24
Cash Acquisitions	-66	-471	-	-	-
Investment in Securities	-20	-	-	-	-
Other Investing Activities	-	-2	53	1	-142
Investing Cash Flow	-86	-487	53	-19	-166
Long-Term Debt Issued	-	764	-	800	-
Short-Term Debt Repaid	-	-	-	-	-77
Long-Term Debt Repaid	-227	-196	-125	-105	-124
Total Debt Repaid	-227	-196	-125	-105	-201
Net Debt Issued (Repaid)	-227	568	-125	695	-201
Issuance of Common Stock	9	4	90	33	1,117
Repurchase of Common Stock	-150	-	-	-	-
Common Dividends Paid	-76	-	-	-	-
Other Financing Activities	-1	-	1	1	-3
Financing Cash Flow	-445	572	-34	729	913
Miscellaneous Cash Flow Adjustments	-1	1	-1	-1	1
Net Cash Flow	244	452	-143	-217	-156
Free Cash Flow	776	352	-161	-946	-928
Free Cash Flow Growth	120.45%	-	-	-	-
Free Cash Flow Margin	12.81%	6.39%	-3.31%	-22.84%	-28.44%
Free Cash Flow Per Share	60.43	27.10	-12.67	-75.25	-75.70
Cash Interest Paid	12	6	5	4	2
Cash Income Tax Paid	-4	37	8	8	6
Levered Free Cash Flow	424.38	76.63	365.5	-606.38	-581.88
Unlevered Free Cash Flow	431.88	80.38	368.63	-603.88	-580.63
Change in Working Capital	-121	-112	551	-46	-29

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