Cluster Technology Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

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

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