IPS, Inc. 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	5,803	4,042	4,425	3,466	2,906
Depreciation & Amortization	939	998	555	449	377
Loss (Gain) From Sale of Assets	-	-1	3	4	-
Other Operating Activities	-677	-1,150	-1,293	-688	-699
Change in Accounts Receivable	-4,836	-5,048	-2,746	-438	-874
Change in Inventory	1	-32	-37	-65	-12
Change in Accounts Payable	-308	479	-1,142	-627	1,476
Change in Other Net Operating Assets	3,663	1,416	-339	535	406
Operating Cash Flow	4,585	704	-574	2,636	3,580
Operating Cash Flow Growth	551.28%	-	-	-26.37%	118.83%
Capital Expenditures	-6,371	-1,255	-3,327	-5,323	-1,647
Sale of Property, Plant & Equipment	-	8	25	-	63
Cash Acquisitions	-	1	-120	-	-28
Sale (Purchase) of Intangibles	-706	-1,239	-1,297	-8	-885
Investment in Securities	-48	-	-	-	36
Other Investing Activities	39	-57	-16	-175	-197
Investing Cash Flow	-7,086	-2,542	-4,735	-5,506	-2,658
Short-Term Debt Issued	380	1,530	3,139	4,335	1,344
Long-Term Debt Issued	3,839	400	100	-	400
Total Debt Issued	4,219	1,930	3,239	4,335	1,744
Long-Term Debt Repaid	-1,944	-1,890	-769	-501	-644
Total Debt Repaid	-1,944	-1,890	-769	-501	-644
Net Debt Issued (Repaid)	2,275	40	2,470	3,834	1,100
Issuance of Common Stock	137	90	59	34	24
Common Dividends Paid	-519	-509	-435	-527	-123
Other Financing Activities	142	1,759	221	237	66
Financing Cash Flow	2,035	1,380	2,315	3,578	1,067
Foreign Exchange Rate Adjustments	81	140	347	394	199
Miscellaneous Cash Flow Adjustments	1	2	1	-	-
Net Cash Flow	-384	-316	-2,646	1,102	2,188
Free Cash Flow	-1,786	-551	-3,901	-2,687	1,933
Free Cash Flow Growth	-	-	-	-	273.89%
Free Cash Flow Margin	-10.51%	-3.61%	-27.63%	-21.76%	18.02%
Free Cash Flow Per Share	-134.33	-41.76	-296.82	-205.67	148.45
Cash Interest Paid	300	400	378	125	14
Cash Income Tax Paid	680	1,151	1,293	690	699
Levered Free Cash Flow	-3,982	-2,333	-6,248	-3,971	349.25
Unlevered Free Cash Flow	-3,795	-2,083	-6,012	-3,893	358
Change in Working Capital	-1,480	-3,185	-4,264	-595	996

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