HEROZ Cash Flow Statement

Financials in millions JPY. Fiscal year is May - April.

Millions JPY. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2019	FY 2018
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '19 Apr 30, 2019	Apr '18 Apr 30, 2018
Net Income	292	131	-707	-426	296	-
Depreciation & Amortization	448	418	1,246	256	49	-
Loss (Gain) From Sale of Assets	98	96	199	-	-	-
Loss (Gain) From Sale of Investments	20	24	13	22	-	-
Loss (Gain) on Equity Investments	-	-	-	-14	-	-
Other Operating Activities	-185	-204	-271	-31	-53	-
Change in Accounts Receivable	-96	-98	-8	17	-30	-
Change in Inventory	-75	39	68	20	-4	-
Change in Accounts Payable	-48	-59	114	-56	11	-
Change in Other Net Operating Assets	-127	-128	-190	695	-39	-
Operating Cash Flow	327	219	464	483	230	-
Operating Cash Flow Growth	-3.82%	-52.80%	-3.93%	110.00%	-	-
Capital Expenditures	-91	-86	-147	-22	-169	-
Sale of Property, Plant & Equipment	-	-	-	1	-	-
Cash Acquisitions	-	-	-793	7	-	-
Sale (Purchase) of Intangibles	-260	-332	-295	-73	-5	-
Investment in Securities	-	-29	-	-57	-294	-
Other Investing Activities	-10	-32	25	-	-	-
Investing Cash Flow	-361	-479	-1,217	-144	-468	-
Short-Term Debt Issued	-	200	-	-	-	-
Long-Term Debt Issued	-	800	-	-	-	-
Total Debt Issued	300	1,000	-	-	-	-
Short-Term Debt Repaid	-	-	-	-100	-	-
Long-Term Debt Repaid	-	-350	-201	-100	-	-
Total Debt Repaid	-441	-350	-201	-200	-	-
Net Debt Issued (Repaid)	-141	650	-201	-200	-	-
Issuance of Common Stock	14	14	-	-	177	-
Other Financing Activities	1	-	-102	-	-	-
Financing Cash Flow	-126	664	-303	-200	177	-
Miscellaneous Cash Flow Adjustments	2	-	-	-1	-	-
Net Cash Flow	-158	404	-1,056	138	-61	-
Free Cash Flow	236	133	317	461	61	-
Free Cash Flow Growth	24.21%	-58.04%	-31.24%	655.74%	-	-
Free Cash Flow Margin	3.81%	2.24%	6.55%	15.47%	4.43%	-
Free Cash Flow Per Share	15.59	8.83	21.08	30.68	8.46	-
Cash Interest Paid	23	18	10	5	-	-
Cash Income Tax Paid	182	204	272	82	173	-
Levered Free Cash Flow	76.75	-105	1,140	-	37.64	-
Unlevered Free Cash Flow	91.13	-93.75	1,147	-	37.64	-
Change in Working Capital	-346	-246	-16	676	-62	-

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