KH Neochem 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	10,793	11,918	9,725	11,634	19,788
Depreciation & Amortization	6,333	4,973	4,651	4,293	4,503
Loss (Gain) From Sale of Assets	-	-	-	-	111
Loss (Gain) From Sale of Investments	-	-	-19	755	-
Loss (Gain) on Equity Investments	-278	-343	-263	-450	-258
Other Operating Activities	-3,153	-2,656	-1,971	-7,138	-1,005
Change in Accounts Receivable	4,455	-4,597	4,629	-4,057	-11,089
Change in Inventory	-3,551	-468	1,976	-3,943	-7,076
Change in Accounts Payable	-1,985	-1,604	-4,628	4,542	11,256
Change in Other Net Operating Assets	1,169	-241	-899	-505	1,172
Operating Cash Flow	13,783	6,982	13,201	5,131	17,402
Operating Cash Flow Growth	97.41%	-47.11%	157.28%	-70.52%	151.08%
Capital Expenditures	-4,653	-8,432	-5,091	-10,402	-4,044
Sale (Purchase) of Intangibles	-149	-192	-166	-92	-360
Investment in Securities	-22	-63	88	406	-11
Other Investing Activities	197	-210	232	6	20
Investing Cash Flow	-4,627	-8,897	-4,937	-10,082	-4,395
Short-Term Debt Issued	198	2,994	-	5,999	-
Long-Term Debt Issued	-	4,972	-	-	-
Total Debt Issued	198	7,966	-	5,999	-
Short-Term Debt Repaid	-1,021	-70	-6,051	-340	-340
Long-Term Debt Repaid	-	-5,000	-	-3,250	-2,400
Total Debt Repaid	-1,021	-5,070	-6,051	-3,590	-2,740
Net Debt Issued (Repaid)	-823	2,896	-6,051	2,409	-2,740
Repurchase of Common Stock	-5,054	-69	-49	-89	-62
Common Dividends Paid	-3,540	-3,342	-3,250	-3,250	-2,229
Other Financing Activities	-149	-130	-151	-146	-137
Financing Cash Flow	-9,566	-645	-9,501	-1,076	-5,168
Foreign Exchange Rate Adjustments	-29	34	-3	18	29
Miscellaneous Cash Flow Adjustments	-	-	-1	1	-
Net Cash Flow	-439	-2,526	-1,241	-6,008	7,868
Free Cash Flow	9,130	-1,450	8,110	-5,271	13,358
Free Cash Flow Margin	7.93%	-1.21%	7.04%	-4.59%	11.41%
Free Cash Flow Per Share	255.36	-39.16	218.89	-142.16	359.98
Cash Interest Paid	171	94	83	85	98
Cash Income Tax Paid	3,561	2,841	2,477	7,467	1,155
Levered Free Cash Flow	9,497	-4,354	7,929	-7,372	11,328
Unlevered Free Cash Flow	9,620	-4,291	7,980	-7,318	11,391
Change in Working Capital	88	-6,910	1,078	-3,963	-5,737

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