M - mart Cash Flow Statement

Financials in millions JPY. Fiscal year is February - January.

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	586	505	482	350	270	178
Depreciation & Amortization	4	3	2	2	1	1
Other Operating Activities	-165	-176	-129	-106	-65	-51
Change in Accounts Receivable	-122	-90	-42	-50	-34	-11
Change in Accounts Payable	112	75	48	46	26	17
Change in Other Net Operating Assets	20	37	65	43	34	66
Operating Cash Flow	435	354	426	285	232	200
Operating Cash Flow Growth	23.23%	-16.90%	49.47%	22.84%	16.00%	43.89%
Capital Expenditures	-7	-	-3	-	-	-7
Sale (Purchase) of Intangibles	-	-	-	-7	-	-
Investment in Securities	-30	-30	-30	-30	-30	-30
Other Investing Activities	-	-	-	-1	1	1
Investing Cash Flow	-37	-30	-33	-38	-29	-35
Common Dividends Paid	-102	-87	-63	-48	-48	-24
Other Financing Activities	-1	-1	-	-	-	-
Financing Cash Flow	-103	-88	-63	-48	-48	-24
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-1	-2	-1
Net Cash Flow	294	235	329	198	153	140
Free Cash Flow	428	354	423	285	232	193
Free Cash Flow Growth	22.29%	-16.31%	48.42%	22.84%	20.21%	38.85%
Free Cash Flow Margin	31.85%	27.36%	36.12%	28.90%	25.72%	24.84%
Free Cash Flow Per Share	87.52	72.39	86.50	58.28	47.44	39.46
Cash Income Tax Paid	165	177	131	106	66	53
Levered Free Cash Flow	406.25	331.25	401.5	261.75	219.75	186.25
Unlevered Free Cash Flow	406.25	331.25	401.5	261.75	219.75	186.25
Change in Working Capital	10	22	71	39	26	72

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