Lancers 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	115	63	-234	-655	48
Depreciation & Amortization	160	152	116	75	54
Loss (Gain) From Sale of Assets	-	21	-	220	-
Loss (Gain) From Sale of Investments	-	-	-10	10	-
Other Operating Activities	-39	12	-26	-78	-5
Change in Accounts Receivable	16	81	3	46	17
Change in Accounts Payable	-171	7	-61	6	-41
Change in Other Net Operating Assets	-118	-20	-112	63	168
Operating Cash Flow	-37	316	-324	-313	241
Capital Expenditures	-	-	-	-	-4
Cash Acquisitions	-	-	-159	-	-174
Sale (Purchase) of Intangibles	-50	-95	-149	-167	-90
Investment in Securities	-	-	10	-	-11
Other Investing Activities	-	1	-	22	-
Investing Cash Flow	-50	-94	-298	-145	-279
Long-Term Debt Issued	-	300	330	-	-
Long-Term Debt Repaid	-68	-53	-15	-	-
Total Debt Repaid	-68	-53	-15	-	-
Net Debt Issued (Repaid)	-68	247	315	-	-
Issuance of Common Stock	-	107	2	14	85
Other Financing Activities	-	-1	-	-	-
Financing Cash Flow	-68	353	317	14	85
Miscellaneous Cash Flow Adjustments	-2	-	-	-	-
Net Cash Flow	-157	575	-305	-444	47
Free Cash Flow	-37	316	-324	-313	237
Free Cash Flow Margin	-0.81%	6.91%	-6.74%	-7.69%	6.13%
Free Cash Flow Per Share	-2.13	19.77	-20.56	-19.95	14.76
Cash Interest Paid	4	4	3	-	-
Cash Income Tax Paid	39	-12	24	16	7
Levered Free Cash Flow	-134.75	199	-303.13	-224.38	97.5
Unlevered Free Cash Flow	-132.25	201.5	-301.25	-224.38	97.5
Change in Working Capital	-273	68	-170	115	144

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