Nihon Tokushu Toryo 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	6,921	5,966	3,694	3,074	2,720
Depreciation & Amortization	2,953	3,090	3,179	3,198	3,654
Loss (Gain) From Sale of Assets	34	14	20	-196	64
Loss (Gain) From Sale of Investments	-260	-20	-529	-239	-378
Loss (Gain) on Equity Investments	-1,715	-1,371	-983	-369	-923
Other Operating Activities	-187	654	194	516	-148
Change in Accounts Receivable	1,110	1,260	-1,619	-1,505	-670
Change in Inventory	-470	-347	551	-615	60
Change in Accounts Payable	-4,173	-471	1,747	1,296	-168
Change in Other Net Operating Assets	-1,094	542	-56	-141	-1,126
Operating Cash Flow	3,119	9,317	6,198	5,019	3,085
Operating Cash Flow Growth	-66.52%	50.32%	23.49%	62.69%	-57.08%
Capital Expenditures	-1,400	-1,244	-2,286	-2,240	-5,155
Sale of Property, Plant & Equipment	15	34	93	311	13
Investment in Securities	143	134	564	524	474
Other Investing Activities	-27	49	19	101	-64
Investing Cash Flow	-1,237	533	-1,588	-1,266	-5,636
Short-Term Debt Issued	250	-	-	29	3,899
Long-Term Debt Issued	213	-	-	1,000	100
Total Debt Issued	463	-	-	1,029	3,999
Short-Term Debt Repaid	-	-2,250	-11	-	-
Long-Term Debt Repaid	-898	-1,163	-1,456	-1,552	-1,603
Total Debt Repaid	-898	-3,413	-1,467	-1,552	-1,603
Net Debt Issued (Repaid)	-435	-3,413	-1,467	-523	2,396
Repurchase of Common Stock	-	-	-	-	-369
Common Dividends Paid	-1,025	-935	-912	-847	-839
Other Financing Activities	-577	-744	-439	-329	-129
Financing Cash Flow	-2,037	-5,092	-2,818	-1,699	1,059
Foreign Exchange Rate Adjustments	303	265	130	358	45
Miscellaneous Cash Flow Adjustments	-1	-	-	-	1
Net Cash Flow	147	5,023	1,922	2,412	-1,446
Free Cash Flow	1,719	8,073	3,912	2,779	-2,070
Free Cash Flow Growth	-78.71%	106.36%	40.77%	-	-
Free Cash Flow Margin	2.60%	12.48%	6.44%	5.07%	-4.31%
Free Cash Flow Per Share	79.04	371.31	180.02	127.98	-94.26
Cash Interest Paid	34	42	64	54	101
Cash Income Tax Paid	1,679	839	990	632	968
Levered Free Cash Flow	-306.38	7,070	1,263	308.88	-3,749
Unlevered Free Cash Flow	-286.38	7,095	1,303	343.88	-3,704
Change in Working Capital	-4,627	984	623	-965	-1,904

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