Otsuka Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	449,106	335,854	-	-	163,638	-
Depreciation & Amortization	111,204	107,979	-	-	84,855	-
Loss (Gain) From Sale of Assets	-	126,040	-	-	6,479	-
Loss (Gain) on Equity Investments	-32,786	-33,614	-	-	-8,508	-
Other Operating Activities	-57,372	-104,516	-	-	-54,663	-
Change in Accounts Receivable	-36,901	-9,510	-	-	13,322	-
Change in Inventory	-46,723	-38,578	-	-	6,505	-
Change in Accounts Payable	-1,622	-14,635	-	-	-12,162	-
Change in Other Net Operating Assets	-14,382	-14,382	-	-	29,398	-
Operating Cash Flow	390,961	354,638	-	-	228,864	-
Capital Expenditures	-91,597	-95,558	-	-	-52,453	-
Sale of Property, Plant & Equipment	745	689	-	-	1,697	-
Cash Acquisitions	-87,265	-115,558	-	-	-8,035	-
Sale (Purchase) of Intangibles	-30,028	-33,804	-	-	-60,699	-
Investment in Securities	121,779	-22,466	-	-	22,082	-
Other Investing Activities	-773	904	-	-	2,120	-
Investing Cash Flow	-87,139	-265,793	-	-	-95,288	-
Short-Term Debt Issued	-	-	-	-	10	-
Long-Term Debt Issued	-	20,150	-	-	220	-
Total Debt Issued	-102,413	20,150	-	-	230	-
Short-Term Debt Repaid	-	-41,069	-	-	-	-
Long-Term Debt Repaid	-	-26,224	-	-	-21,131	-
Total Debt Repaid	-68,397	-67,293	-	-	-21,131	-
Net Debt Issued (Repaid)	-170,810	-47,143	-	-	-20,901	-
Repurchase of Common Stock	-100,073	-50,016	-	-	-1	-
Common Dividends Paid	-70,975	-66,763	-	-	-55,984	-
Other Financing Activities	12	-25,445	-	-	-18,958	-
Financing Cash Flow	-341,846	-189,367	-	-	-95,844	-
Foreign Exchange Rate Adjustments	15,058	13,354	-	-	16,101	-
Net Cash Flow	-22,966	-87,168	-	-	53,833	-
Free Cash Flow	299,364	259,080	-	-	176,411	-
Free Cash Flow Margin	12.38%	11.12%	-	-	11.77%	-
Free Cash Flow Per Share	562.06	478.54	-	-	325.25	-
Cash Interest Paid	6,303	6,456	-	-	2,662	-
Cash Income Tax Paid	68,218	111,217	-	-	52,144	-
Levered Free Cash Flow	252,819	131,995	-	-	115,730	-
Unlevered Free Cash Flow	265,358	135,858	-	-	117,363	-
Change in Working Capital	-99,628	-77,105	-	-	37,063	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.