D. I. System Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	359	343	339	285	207
Depreciation & Amortization	69	64	58	47	37
Other Operating Activities	-108	-123	-103	-101	-30
Change in Accounts Receivable	-87	-133	-115	-122	-122
Change in Inventory	-	-2	-3	7	12
Change in Accounts Payable	10	26	35	15	9
Change in Other Net Operating Assets	56	-2	112	59	78
Operating Cash Flow	299	173	323	190	191
Operating Cash Flow Growth	72.83%	-46.44%	70.00%	-0.52%	-38.19%
Capital Expenditures	-93	-34	-7	-1	-16
Cash Acquisitions	-	-	-	-64	-
Sale (Purchase) of Intangibles	-93	-24	-2	-3	-3
Other Investing Activities	-31	-16	-1	-1	-
Investing Cash Flow	-217	-74	-10	-69	-19
Long-Term Debt Issued	-	-	-	200	-
Short-Term Debt Repaid	-	-	-	-17	-
Long-Term Debt Repaid	-58	-66	-66	-9	-9
Total Debt Repaid	-58	-66	-66	-26	-9
Net Debt Issued (Repaid)	-58	-66	-66	174	-9
Issuance of Common Stock	-	-	-	-	1
Repurchase of Common Stock	-	-	-	-134	-
Common Dividends Paid	-72	-63	-43	-38	-38
Other Financing Activities	-	-1	-	-109	1
Financing Cash Flow	-130	-130	-109	-107	-45
Miscellaneous Cash Flow Adjustments	-	-	-1	-2	24
Net Cash Flow	-48	-31	203	12	151
Free Cash Flow	206	139	316	189	175
Free Cash Flow Growth	48.20%	-56.01%	67.20%	8.00%	-34.46%
Free Cash Flow Margin	2.85%	2.04%	5.06%	3.44%	3.76%
Free Cash Flow Per Share	70.70	47.71	108.45	64.13	57.14
Cash Interest Paid	-	1	1	1	-
Cash Income Tax Paid	111	123	105	103	31
Levered Free Cash Flow	61.13	66	261.5	317.75	134.13
Unlevered Free Cash Flow	61.13	66.63	262.13	318.38	134.13
Change in Working Capital	-21	-111	29	-41	-23

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