THECOO 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	211	-65	-757	-470	-119
Depreciation & Amortization	56	46	39	74	50
Loss (Gain) From Sale of Assets	3	2	11	260	-
Other Operating Activities	-1	-2	-199	-1	-1
Change in Accounts Receivable	-246	-133	279	121	20
Change in Inventory	-	3	-3	-	-
Change in Accounts Payable	182	133	-4	7	92
Change in Other Net Operating Assets	344	241	367	197	233
Operating Cash Flow	549	225	-267	188	275
Operating Cash Flow Growth	144.00%	-	-	-31.64%	-
Capital Expenditures	-5	-7	-22	-188	-127
Sale of Property, Plant & Equipment	2	-	-	-	-
Sale (Purchase) of Intangibles	-98	-114	-3	-32	-
Investment in Securities	-	-10	-	-10	-
Other Investing Activities	-	-	-3	-114	-
Investing Cash Flow	-101	-131	-28	-344	-127
Long-Term Debt Repaid	-	-16	-24	-64	-24
Net Debt Issued (Repaid)	-	-16	-24	-64	-24
Issuance of Common Stock	-	-	-	12	1,323
Other Financing Activities	-4	-5	-5	-3	-1
Financing Cash Flow	-4	-21	-29	-55	1,298
Miscellaneous Cash Flow Adjustments	-1	-	-	-1	-1
Net Cash Flow	443	73	-324	-212	1,445
Free Cash Flow	544	218	-289	-	148
Free Cash Flow Growth	149.54%	-	-	-	-
Free Cash Flow Margin	11.26%	5.03%	-7.59%	-	4.25%
Free Cash Flow Per Share	258.90	104.81	-139.30	-	81.01
Cash Interest Paid	-	-	-	1	1
Cash Income Tax Paid	3	2	7	2	-
Levered Free Cash Flow	335.13	130.5	115.13	83.25	206.88
Unlevered Free Cash Flow	335.13	130.5	115.13	83.88	207.5
Change in Working Capital	280	244	639	325	345

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