Base Co., Ltd. Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,800	5,236	4,692	3,931	3,004
Depreciation & Amortization	16	23	24	33	72
Loss (Gain) From Sale of Investments	-11	-4	-5	-3	-7
Other Operating Activities	-1,512	-1,216	-1,573	-823	-888
Change in Accounts Receivable	208	-377	-174	-186	-686
Change in Inventory	-15	89	47	-60	-32
Change in Accounts Payable	48	257	82	767	-12
Change in Other Net Operating Assets	-72	-133	188	8	-14
Operating Cash Flow	4,462	3,875	3,281	3,667	1,437
Operating Cash Flow Growth	15.15%	18.10%	-10.53%	155.18%	-43.80%
Capital Expenditures	-	-19	-38	-24	-50
Sale (Purchase) of Intangibles	-2	-1	-	-	-4
Investment in Securities	5	2	3	1	2
Other Investing Activities	-32	-22	-	-15	-64
Investing Cash Flow	52	52	-1,200	-38	-116
Long-Term Debt Repaid	-	-11	-80	-173	-448
Net Debt Issued (Repaid)	-	-11	-80	-173	-448
Issuance of Common Stock	1	3	98	36	16
Repurchase of Common Stock	-1,206	-1,005	-	-	-
Common Dividends Paid	-2,013	-1,910	-1,750	-811	-625
Other Financing Activities	1	-1	-13	-	-6
Financing Cash Flow	-3,217	-2,924	-1,745	-948	-1,063
Foreign Exchange Rate Adjustments	23	61	26	21	49
Miscellaneous Cash Flow Adjustments	1	1	-	-1	-1
Net Cash Flow	1,321	1,065	362	2,701	306
Free Cash Flow	4,462	3,856	3,243	3,643	1,387
Free Cash Flow Growth	15.72%	18.90%	-10.98%	162.65%	-45.41%
Free Cash Flow Margin	20.48%	19.06%	17.34%	21.37%	10.43%
Free Cash Flow Per Share	240.40	204.39	171.24	192.28	73.41
Cash Interest Paid	-	-	-	-	2
Cash Income Tax Paid	1,506	1,212	1,568	820	886
Levered Free Cash Flow	4,950	3,383	1,590	3,463	1,057
Unlevered Free Cash Flow	4,950	3,383	1,590	3,463	1,059
Change in Working Capital	169	-164	143	529	-744

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