Serverworks 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	-600.96	968	870	594	643
Depreciation & Amortization	894.96	178	179	126	63
Loss (Gain) From Sale of Assets	0.67	3	-	-	-
Loss (Gain) From Sale of Investments	93.71	94	72	29	-
Loss (Gain) on Equity Investments	44.93	143	1	-8	-6
Stock-Based Compensation	30.33	-	-	-	-
Other Operating Activities	126.94	-443	-303	-244	-221
Change in Accounts Receivable	-590.5	-940	-1,259	-1,122	-410
Change in Inventory	314.8	-	-	83	-41
Change in Accounts Payable	754.82	1,057	1,328	1,260	527
Change in Unearned Revenue	-467.23	-	-	-	-
Change in Other Net Operating Assets	163.34	-154	837	-637	-218
Operating Cash Flow	765.81	906	1,725	81	337
Operating Cash Flow Growth	-15.47%	-47.48%	2029.63%	-75.96%	-17.26%
Capital Expenditures	-10.06	-70	-6	-2	-1
Cash Acquisitions	-	-300	-	-345	-
Divestitures	98.73	-	-	-	-
Sale (Purchase) of Intangibles	-150.42	-39	-48	-70	-56
Investment in Securities	252.91	-1,022	-385	-380	-1,009
Other Investing Activities	-34.25	-22	-	-2	-1
Investing Cash Flow	156.91	-1,453	-439	-799	-1,067
Short-Term Debt Issued	720	-	100	-	-
Total Debt Issued	720	-	100	-	-
Short-Term Debt Repaid	-	-100	-	-205	-
Long-Term Debt Repaid	-	-	-	-307	-
Total Debt Repaid	-	-100	-	-512	-
Net Debt Issued (Repaid)	720	-100	100	-512	-
Issuance of Common Stock	9.47	7	21	15	26
Repurchase of Common Stock	-1,128	-	-	-	-
Other Financing Activities	-	-134	-	60	75
Financing Cash Flow	-398.62	-227	121	-437	101
Foreign Exchange Rate Adjustments	79.42	-64	-29	-	-
Miscellaneous Cash Flow Adjustments	0	-	-139	-	2
Net Cash Flow	603.52	-838	1,239	-1,155	-627
Free Cash Flow	755.75	836	1,719	79	336
Free Cash Flow Growth	-9.60%	-51.37%	2075.95%	-76.49%	-10.73%
Free Cash Flow Margin	1.89%	2.34%	6.25%	0.46%	3.08%
Free Cash Flow Per Share	98.50	105.21	216.59	9.97	42.40
Cash Interest Paid	2.6	-	-	3	1
Cash Income Tax Paid	333.9	444	256	245	221
Levered Free Cash Flow	1,404	485.63	1,435	252.13	-
Unlevered Free Cash Flow	1,405	485.63	1,435	254	-
Change in Working Capital	175.23	-37	906	-416	-142

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