Cluster Technology Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	165	110	70	74	102
Depreciation & Amortization	68	56	62	44	27
Other Operating Activities	-19	-17	-7	-21	-3
Change in Accounts Receivable	-17	-1	-21	-3	-19
Change in Inventory	-23	11	-39	-21	-14
Change in Accounts Payable	7	-1	38	-36	24
Change in Other Net Operating Assets	35	-10	15	-10	3
Operating Cash Flow	216	148	118	27	120
Operating Cash Flow Growth	45.95%	25.42%	337.04%	-77.50%	13.21%
Capital Expenditures	-89	-35	-96	-90	-43
Sale (Purchase) of Intangibles	-	-14	-2	-5	-
Investment in Securities	189	-	-	-	-
Investing Cash Flow	100	-49	-98	-95	-43
Common Dividends Paid	-22	-	-	-	-
Other Financing Activities	-2	-2	-2	-2	-2
Financing Cash Flow	-24	-2	-2	-2	-2
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-
Net Cash Flow	292	96	17	-70	75
Free Cash Flow	127	113	22	-63	77
Free Cash Flow Growth	12.39%	413.64%	-	-	-16.30%
Free Cash Flow Margin	9.78%	11.06%	2.40%	-6.81%	8.51%
Free Cash Flow Per Share	22.31	19.85	3.87	-11.07	13.53
Cash Income Tax Paid	19	15	8	20	2
Levered Free Cash Flow	128.5	80.5	-76.5	-19.38	63.5
Unlevered Free Cash Flow	128.5	80.5	-76.5	-19.38	63.5
Change in Working Capital	2	-1	-7	-70	-6