Global Security Experts 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
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025
Net Income	2,210	1,540
Depreciation & Amortization	60	76
Loss (Gain) From Sale of Investments	2	-
Loss (Gain) on Equity Investments	1	34
Other Operating Activities	-707	-293
Change in Accounts Receivable	-599	-662
Change in Inventory	-4	-
Change in Accounts Payable	81	75
Change in Other Net Operating Assets	90	248
Operating Cash Flow	1,134	1,018
Operating Cash Flow Growth	11.39%	-
Capital Expenditures	-5	-279
Sale (Purchase) of Intangibles	-44	-2
Investment in Securities	-101	-90
Other Investing Activities	-1	-40
Investing Cash Flow	-151	-411
Short-Term Debt Issued	-	400
Total Debt Issued	-	400
Short-Term Debt Repaid	-100	-
Long-Term Debt Repaid	-219	-219
Total Debt Repaid	-319	-219
Net Debt Issued (Repaid)	-319	181
Issuance of Common Stock	1	1
Repurchase of Common Stock	-	-281
Common Dividends Paid	-406	-356
Other Financing Activities	-1	-2
Financing Cash Flow	-725	-457
Miscellaneous Cash Flow Adjustments	-1	-
Net Cash Flow	257	150
Free Cash Flow	1,129	739
Free Cash Flow Growth	52.77%	-
Free Cash Flow Margin	10.24%	8.40%
Free Cash Flow Per Share	75.05	49.04
Cash Interest Paid	19	16
Cash Income Tax Paid	733	312
Levered Free Cash Flow	864.88	-
Unlevered Free Cash Flow	876.75	-
Change in Working Capital	-432	-339