Valtes Holdings 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	914	820	981	580	347
Depreciation & Amortization	241	192	107	56	44
Loss (Gain) From Sale of Assets	-	-	1	-	-
Loss (Gain) From Sale of Investments	30	30	-	-	-
Other Operating Activities	-255	-450	-217	-124	-119
Change in Accounts Receivable	-327	-59	-279	-176	-19
Change in Inventory	-	-	-	28	-22
Change in Accounts Payable	-33	-68	258	131	36
Change in Other Net Operating Assets	33	-8	-5	10	24
Operating Cash Flow	603	457	846	505	291
Operating Cash Flow Growth	31.95%	-45.98%	67.53%	73.54%	18.29%
Capital Expenditures	-112	-77	-98	-11	-9
Sale of Property, Plant & Equipment	-	4	-	-	-
Cash Acquisitions	-642	-622	-296	-	39
Sale (Purchase) of Intangibles	-90	-86	-19	-32	-118
Investment in Securities	-30	-50	-130	-62	-
Other Investing Activities	9	-28	-96	1	-5
Investing Cash Flow	-865	-859	-639	-104	-93
Short-Term Debt Issued	700	-	-	-	31
Long-Term Debt Issued	-	900	-	-	-
Total Debt Issued	700	900	-	-	31
Short-Term Debt Repaid	-	-	-5	-5	-
Long-Term Debt Repaid	-116	-73	-21	-21	-30
Total Debt Repaid	-116	-73	-26	-26	-30
Net Debt Issued (Repaid)	584	827	-26	-26	1
Issuance of Common Stock	-	-	-	-4	-
Repurchase of Common Stock	-62	-199	-	-200	-
Common Dividends Paid	-81	-	-	-	-
Other Financing Activities	-2	-3	-3	-5	-5
Financing Cash Flow	439	625	-29	-235	-4
Foreign Exchange Rate Adjustments	-	2	1	-	-
Miscellaneous Cash Flow Adjustments	-1	-	-1	-	-1
Net Cash Flow	176	225	178	166	193
Free Cash Flow	491	380	748	494	282
Free Cash Flow Growth	29.21%	-49.20%	51.42%	75.18%	49.21%
Free Cash Flow Margin	4.55%	3.67%	8.26%	7.36%	5.36%
Free Cash Flow Per Share	24.34	18.57	36.55	23.81	13.47
Cash Interest Paid	15	6	1	1	1
Cash Income Tax Paid	254	448	218	125	119
Levered Free Cash Flow	400.75	202.88	719.63	414	147
Unlevered Free Cash Flow	410.13	206.63	720.25	415.25	147.63
Change in Working Capital	-327	-135	-26	-7	19

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