Medical System Network 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	2,552	2,724	3,451	3,019	4,012
Depreciation & Amortization	3,417	3,414	3,163	2,957	2,855
Loss (Gain) From Sale of Assets	553	762	432	297	420
Loss (Gain) From Sale of Investments	-	-	-	-	-112
Loss (Gain) on Equity Investments	84	-	-	-	-
Other Operating Activities	-1,631	-1,829	-1,235	-1,292	-2,866
Change in Accounts Receivable	-8,169	-805	-420	-609	-451
Change in Inventory	-1,151	-707	-192	-377	-406
Change in Accounts Payable	460	643	1,434	72	525
Change in Other Net Operating Assets	444	257	1,092	906	33
Operating Cash Flow	-3,441	4,459	7,725	4,973	4,010
Operating Cash Flow Growth	-	-42.28%	55.34%	24.02%	-22.96%
Capital Expenditures	-2,490	-2,708	-1,862	-1,373	-1,934
Sale of Property, Plant & Equipment	135	21	97	30	33
Cash Acquisitions	-317	-514	-728	-54	-209
Sale (Purchase) of Intangibles	-372	-377	-248	-234	-194
Investment in Securities	7	-	6	-	379
Other Investing Activities	-866	22	-871	-359	-593
Investing Cash Flow	-4,036	-3,726	-3,649	-2,114	-2,511
Short-Term Debt Issued	9,173	-	-	-	-
Long-Term Debt Issued	4,300	6,772	3,500	3,200	6,100
Total Debt Issued	13,473	6,772	3,500	3,200	6,100
Short-Term Debt Repaid	-	-	-428	-	-2,901
Long-Term Debt Repaid	-5,852	-6,522	-5,446	-5,469	-6,067
Total Debt Repaid	-5,852	-6,522	-5,874	-5,469	-8,968
Net Debt Issued (Repaid)	7,621	250	-2,374	-2,269	-2,868
Repurchase of Common Stock	-	-	-555	-	-
Common Dividends Paid	-356	-355	-365	-395	-304
Other Financing Activities	-476	-439	-650	-254	-243
Financing Cash Flow	6,789	-544	-3,944	-2,918	-3,415
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-
Net Cash Flow	-688	188	131	-59	-1,916
Free Cash Flow	-5,931	1,751	5,863	3,600	2,076
Free Cash Flow Growth	-	-70.14%	62.86%	73.41%	-45.80%
Free Cash Flow Margin	-4.49%	1.43%	5.08%	3.29%	1.95%
Free Cash Flow Per Share	-202.92	59.91	194.98	119.29	68.81
Cash Interest Paid	353	281	263	276	182
Cash Income Tax Paid	1,619	1,826	1,263	1,294	2,866
Levered Free Cash Flow	-6,930	1,104	5,018	2,002	1,008
Unlevered Free Cash Flow	-6,716	1,277	5,198	2,176	1,122
Change in Working Capital	-8,416	-612	1,914	-8	-299

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