True Data 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	102	22	62	37	22
Depreciation & Amortization	65	48	60	125	140
Other Operating Activities	4	2	-16	-22	-2
Change in Accounts Receivable	-65	-36	-1	-5	-40
Change in Accounts Payable	48	13	8	-18	6
Change in Other Net Operating Assets	35	-12	14	21	11
Operating Cash Flow	189	37	127	138	137
Operating Cash Flow Growth	410.81%	-70.87%	-7.97%	0.73%	-
Capital Expenditures	-16	-15	-12	-12	-5
Sale (Purchase) of Intangibles	-15	-88	-46	-43	-13
Investment in Securities	-32	-	-	-31	-38
Other Investing Activities	-11	-1	-	-1	-
Investing Cash Flow	-74	-104	-58	-87	-56
Long-Term Debt Repaid	-5	-29	-27	-30	-30
Net Debt Issued (Repaid)	-5	-29	-27	-30	-30
Issuance of Common Stock	2	19	17	11	363
Other Financing Activities	1	-	-	-	-1
Financing Cash Flow	-2	-10	-10	-19	332
Miscellaneous Cash Flow Adjustments	-2	-	-1	-1	-
Net Cash Flow	111	-77	58	31	413
Free Cash Flow	173	22	115	126	132
Free Cash Flow Growth	686.36%	-80.87%	-8.73%	-4.54%	-
Free Cash Flow Margin	9.25%	1.42%	7.22%	8.75%	10.05%
Free Cash Flow Per Share	35.74	4.59	24.04	26.82	29.27
Cash Income Tax Paid	8	-	16	21	3
Levered Free Cash Flow	129.75	-95.38	62	52.5	145.75
Unlevered Free Cash Flow	129.75	-95.38	62	52.5	145.75
Change in Working Capital	18	-35	21	-2	-23