Cluster Technology Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	204	110	70	74	102	37
Depreciation & Amortization	59	56	62	44	27	23
Other Operating Activities	-19	-17	-7	-21	-3	-9
Change in Accounts Receivable	-78	-1	-21	-3	-19	24
Change in Inventory	20	11	-39	-21	-14	13
Change in Accounts Payable	20	-1	38	-36	24	8
Change in Other Net Operating Assets	29	-10	15	-10	3	10
Operating Cash Flow	235	148	118	27	120	106
Operating Cash Flow Growth	183.13%	25.42%	337.04%	-77.50%	13.21%	-
Capital Expenditures	-56	-35	-96	-90	-43	-14
Sale (Purchase) of Intangibles	-14	-14	-2	-5	-	-
Investment in Securities	-110	-	-	-	-	-
Investing Cash Flow	-180	-49	-98	-95	-43	-14
Other Financing Activities	-2	-2	-2	-2	-2	-1
Financing Cash Flow	-24	-2	-2	-2	-2	-1
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-	-1
Net Cash Flow	31	96	17	-70	75	90
Free Cash Flow	179	113	22	-63	77	92
Free Cash Flow Growth	159.42%	413.64%	-	-	-16.30%	-
Free Cash Flow Margin	14.35%	11.06%	2.40%	-6.81%	8.51%	12.50%
Free Cash Flow Per Share	31.44	19.85	3.87	-11.07	13.53	16.16
Cash Income Tax Paid	17	15	8	20	2	11
Levered Free Cash Flow	151.63	80.5	-76.5	-19.38	63.5	80.25
Unlevered Free Cash Flow	151.63	80.5	-76.5	-19.38	63.5	80.25
Change in Working Capital	-9	-1	-7	-70	-6	55

Source: S&P Global Market Intelligence. Standard template. Financial Sources.