MINKABU THE INFONOID Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-5,302	-1,189	1,246	829	740
Depreciation & Amortization	1,198	1,192	907	664	519
Loss (Gain) From Sale of Assets	2,551	246	240	-	17
Loss (Gain) From Sale of Investments	-9	167	-1,722	-1	-39
Other Operating Activities	43	-145	-266	-97	-139
Change in Accounts Receivable	514	-226	733	-254	-327
Change in Inventory	5	-30	-14	-1	10
Change in Accounts Payable	-13	-29	-198	158	100
Change in Other Net Operating Assets	358	105	-154	-8	32
Operating Cash Flow	-655	91	772	1,290	913
Operating Cash Flow Growth	-	-88.21%	-40.16%	41.29%	27.69%
Capital Expenditures	-112	-482	-63	-65	-25
Sale of Property, Plant & Equipment	5	-	-	-	-
Cash Acquisitions	-	-458	-7,447	-	124
Divestitures	95	-	3,032	-	-
Sale (Purchase) of Intangibles	-1,270	-759	-1,029	-907	-643
Investment in Securities	105	6	138	-360	-595
Other Investing Activities	-19	9	-1	-29	24
Investing Cash Flow	-1,196	-1,684	-5,370	-1,361	-1,115
Short-Term Debt Issued	1,492	308	200	-	400
Long-Term Debt Issued	-	-	8,222	-	200
Total Debt Issued	1,492	308	8,422	-	600
Short-Term Debt Repaid	-	-	-	-500	-
Long-Term Debt Repaid	-757	-744	-2,566	-218	-433
Total Debt Repaid	-757	-744	-2,566	-718	-433
Net Debt Issued (Repaid)	735	-436	5,856	-718	167
Issuance of Common Stock	1	3	37	3,477	37
Common Dividends Paid	-389	-389	-357	-248	-219
Other Financing Activities	-1	-	-1	-761	-
Financing Cash Flow	346	-822	5,535	1,750	-15
Miscellaneous Cash Flow Adjustments	-	-1	-	-	1
Net Cash Flow	-1,505	-2,416	937	1,679	-216
Free Cash Flow	-767	-391	709	1,225	888
Free Cash Flow Growth	-	-	-42.12%	37.95%	28.14%
Free Cash Flow Margin	-7.27%	-3.94%	10.37%	22.35%	21.36%
Free Cash Flow Per Share	-51.19	-26.10	46.75	81.67	63.12
Cash Interest Paid	85	60	24	10	13
Cash Income Tax Paid	-35	148	238	98	140
Levered Free Cash Flow	-785.38	-473	-559	211	41.25
Unlevered Free Cash Flow	-729.75	-434.25	-543.38	217.88	49.38
Change in Working Capital	864	-180	367	-105	-185

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.