True Data Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

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

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