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	-	-65	-757	-470	-119
Depreciation & Amortization	-	46	39	74	50
Loss (Gain) From Sale of Assets	-	2	11	260	-
Other Operating Activities	-	-2	-199	-1	-1
Change in Accounts Receivable	-	-133	279	121	20
Change in Inventory	-	3	-3	-	-
Change in Accounts Payable	-	133	-4	7	92
Change in Other Net Operating Assets	-	241	367	197	233
Operating Cash Flow	-	225	-267	188	275
Operating Cash Flow Growth	-	-	-	-31.64%	-
Capital Expenditures	-	-7	-22	-188	-127
Sale (Purchase) of Intangibles	-	-114	-3	-32	-
Investment in Securities	-	-10	-	-10	-
Other Investing Activities	-	-	-3	-114	-
Investing Cash Flow	-	-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	-	-5	-5	-3	-1
Financing Cash Flow	-	-21	-29	-55	1,298
Miscellaneous Cash Flow Adjustments	-	-	-	-1	-1
Net Cash Flow	-	73	-324	-212	1,445
Free Cash Flow	-	218	-289	-	148
Free Cash Flow Margin	-	5.03%	-7.59%	-	4.25%
Free Cash Flow Per Share	-	104.81	-139.30	-	81.01
Cash Interest Paid	-	-	-	1	1
Cash Income Tax Paid	-	2	7	2	-
Levered Free Cash Flow	-	130.5	115.13	83.25	206.88
Unlevered Free Cash Flow	-	130.5	115.13	83.88	207.5
Change in Working Capital	-	244	639	325	345

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