Lancers Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	92	115	63	-234	-655
Depreciation & Amortization	160	160	152	116	75
Loss (Gain) From Sale of Assets	114	-	21	-	220
Loss (Gain) From Sale of Investments	-	-	-	-10	10
Other Operating Activities	14	-39	12	-26	-78
Change in Accounts Receivable	-124	16	81	3	46
Change in Accounts Payable	37	-171	7	-61	6
Change in Other Net Operating Assets	78	-118	-20	-112	63
Operating Cash Flow	371	-37	316	-324	-313
Capital Expenditures	-6	-	-	-	-
Cash Acquisitions	-58	-	-	-159	-
Sale (Purchase) of Intangibles	-46	-50	-95	-149	-167
Investment in Securities	-	-	-	10	-
Other Investing Activities	-5	-	1	-	22
Investing Cash Flow	-115	-50	-94	-298	-145
Short-Term Debt Issued	70	-	-	-	-
Long-Term Debt Issued	289	-	300	330	-
Total Debt Issued	359	-	300	330	-
Short-Term Debt Repaid	-56	-	-	-	-
Long-Term Debt Repaid	-105	-68	-53	-15	-
Total Debt Repaid	-161	-68	-53	-15	-
Net Debt Issued (Repaid)	198	-68	247	315	-
Issuance of Common Stock	-	-	107	2	14
Repurchase of Common Stock	-58	-	-	-	-
Other Financing Activities	-1	-	-1	-	-
Financing Cash Flow	139	-68	353	317	14
Miscellaneous Cash Flow Adjustments	-	-2	-	-	-
Net Cash Flow	395	-157	575	-305	-444
Free Cash Flow	365	-37	316	-324	-313
Free Cash Flow Margin	6.71%	-0.81%	6.91%	-6.74%	-7.69%
Free Cash Flow Per Share	20.82	-2.13	19.77	-20.56	-19.95
Cash Interest Paid	7	4	4	3	-
Cash Income Tax Paid	-11	39	-12	24	16
Levered Free Cash Flow	213.88	-134.75	199	-303.13	-224.38
Unlevered Free Cash Flow	218.25	-132.25	201.5	-301.25	-224.38
Change in Working Capital	-9	-273	68	-170	115

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