WingArc1st Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	6,500	8,253	7,304	5,860	5,910
Depreciation & Amortization	1,809	1,764	1,612	1,490	1,538
Other Operating Activities	-203.65	-2,605	-1,739	-1,728	-1,094
Change in Accounts Receivable	-1,448	-698	-196	22	233
Change in Accounts Payable	12.49	51	-203	422	-204
Change in Unearned Revenue	-51.66	-	-	-	-
Change in Other Net Operating Assets	580.28	1,431	1,062	804	56
Operating Cash Flow	7,198	8,196	7,840	6,870	6,439
Operating Cash Flow Growth	-12.18%	4.54%	14.12%	6.69%	30.03%
Capital Expenditures	-182.31	-390	-488	-93	-104
Cash Acquisitions	-2,266	-860	-	-	77
Sale (Purchase) of Intangibles	-385.21	-429	-585	-468	-391
Investment in Securities	-37.97	23	-491	-414	-119
Other Investing Activities	-23.22	-1	-36	-45	5
Investing Cash Flow	-2,895	-1,657	-1,600	-1,020	-532
Long-Term Debt Issued	-	-	10,000	-	-
Long-Term Debt Repaid	-1,875	-1,487	-12,250	-2,000	-2,000
Net Debt Issued (Repaid)	-1,875	-1,487	-2,250	-2,000	-2,000
Issuance of Common Stock	38.3	54	125	99	1,721
Repurchase of Common Stock	-0.18	-	-	-	-
Common Dividends Paid	-3,955	-3,017	-1,900	-1,478	-1,428
Other Financing Activities	-0	-352	-437	-351	-377
Financing Cash Flow	-5,792	-4,802	-4,462	-3,730	-2,084
Foreign Exchange Rate Adjustments	113.51	-8	34	39	24
Miscellaneous Cash Flow Adjustments	-	-1	-2	-	-1
Net Cash Flow	-1,376	1,728	1,810	2,159	3,846
Free Cash Flow	7,016	7,806	7,352	6,777	6,335
Free Cash Flow Growth	-10.12%	6.17%	8.48%	6.98%	42.01%
Free Cash Flow Margin	22.67%	27.19%	28.55%	30.32%	31.94%
Free Cash Flow Per Share	201.30	224.55	211.99	196.32	184.08
Cash Interest Paid	119.67	66	68	79	89
Cash Income Tax Paid	2,835	2,621	1,791	1,790	1,142
Levered Free Cash Flow	-	6,704	6,022	5,838	5,182
Unlevered Free Cash Flow	-	6,755	6,077	5,902	5,256
Change in Working Capital	-907.36	784	663	1,248	85

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