True Data Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	57	22	62	37	22	-	Upgrade
Depreciation & Amortization	60	48	60	125	140	-	Upgrade
Other Operating Activities	-2	2	-16	-22	-2	-	Upgrade
Change in Accounts Receivable	-36	-36	-1	-5	-40	-	Upgrade
Change in Accounts Payable	6	13	8	-18	6	-	Upgrade
Change in Other Net Operating Assets	-28	-12	14	21	11	-	Upgrade
Operating Cash Flow	57	37	127	138	137	-	Upgrade
Operating Cash Flow Growth	-68.16%	-70.87%	-7.97%	0.73%	-	-	Upgrade
Capital Expenditures	-15	-15	-12	-12	-5	-	Upgrade
Sale (Purchase) of Intangibles	-43	-88	-46	-43	-13	-	Upgrade
Investment in Securities	-32	-	-	-31	-38	-	Upgrade
Other Investing Activities	-6	-1	-	-1	-	-	Upgrade
Investing Cash Flow	-96	-104	-58	-87	-56	-	Upgrade
Long-Term Debt Repaid	-	-29	-27	-30	-30	-	Upgrade
Net Debt Issued (Repaid)	-17	-29	-27	-30	-30	-	Upgrade
Issuance of Common Stock	19	19	17	11	363	-	Upgrade
Other Financing Activities	3	-	-	-	-1	-	Upgrade
Financing Cash Flow	5	-10	-10	-19	332	-	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-1	-1	-	-	Upgrade
Net Cash Flow	-34	-77	58	31	413	-	Upgrade
Free Cash Flow	42	22	115	126	132	-	Upgrade
Free Cash Flow Growth	-74.70%	-80.87%	-8.73%	-4.54%	-	-	Upgrade
Free Cash Flow Margin	2.54%	1.42%	7.22%	8.75%	10.05%	-	Upgrade
Free Cash Flow Per Share	8.68	4.59	24.04	26.82	29.27	-	Upgrade
Cash Income Tax Paid	6	-	16	21	3	-	Upgrade
Levered Free Cash Flow	-28.88	-95.38	62	52.5	145.75	-	Upgrade
Unlevered Free Cash Flow	-28.88	-95.38	62	52.5	145.75	-	Upgrade
Change in Working Capital	-58	-35	21	-2	-23	-	Upgrade

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