TYO:4351 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	96	106	154	85	95
Depreciation & Amortization	34	35	33	28	30
Loss (Gain) From Sale of Assets	-	-	-10	-	-
Loss (Gain) From Sale of Investments	-	-	21	-	-
Loss (Gain) on Equity Investments	-	-	-	-	27
Other Operating Activities	-17	-79	-4	67	-13
Change in Accounts Receivable	2,021	202	-1,956	2,560	50
Change in Inventory	-64	896	337	-1,670	10
Change in Accounts Payable	-14	-14	17	-17	18
Change in Other Net Operating Assets	-650	-509	-389	-659	-633
Operating Cash Flow	1,406	637	-1,797	394	-416
Operating Cash Flow Growth	120.72%	-	-	-	-
Capital Expenditures	-	-16	-	-	-23
Sale of Property, Plant & Equipment	-	-	-	3	7
Investment in Securities	49	21	35	48	419
Other Investing Activities	54	-16	138	18	8
Investing Cash Flow	103	-11	173	69	411
Short-Term Debt Issued	200	500	1,750	-	1,100
Long-Term Debt Issued	50	150	500	-	-
Total Debt Issued	250	650	2,250	-	1,100
Short-Term Debt Repaid	-1,000	-800	-300	-1,000	-1,290
Long-Term Debt Repaid	-112	-200	-300	-	-
Total Debt Repaid	-1,112	-1,000	-600	-1,000	-1,290
Net Debt Issued (Repaid)	-862	-350	1,650	-1,000	-190
Common Dividends Paid	-42	-42	-42	-42	-42
Other Financing Activities	-34	-36	-33	-25	-23
Financing Cash Flow	-938	-428	1,575	-1,067	-255
Miscellaneous Cash Flow Adjustments	-	-	2	1	-
Net Cash Flow	571	198	-47	-603	-260
Free Cash Flow	1,406	621	-1,797	394	-439
Free Cash Flow Growth	126.41%	-	-	-	-
Free Cash Flow Margin	61.67%	27.12%	-72.37%	16.50%	-20.06%
Free Cash Flow Per Share	330.08	145.79	-421.87	92.50	-103.06
Cash Interest Paid	33	36	20	18	24
Cash Income Tax Paid	27	90	13	-56	22
Levered Free Cash Flow	1,402	590.38	-1,818	331.25	-551.38
Unlevered Free Cash Flow	1,422	613.5	-1,807	343.75	-537
Change in Working Capital	1,293	575	-1,991	214	-555

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.