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 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	7,360	6,921	5,966	3,694	3,074
Depreciation & Amortization	2,817	2,953	3,090	3,179	3,198
Loss (Gain) From Sale of Assets	-478	34	14	20	-196
Loss (Gain) From Sale of Investments	-47	-260	-20	-529	-239
Loss (Gain) on Equity Investments	-2,443	-1,715	-1,371	-983	-369
Other Operating Activities	1,131	-187	654	194	516
Change in Accounts Receivable	1,120	1,110	1,260	-1,619	-1,505
Change in Inventory	-196	-470	-347	551	-615
Change in Accounts Payable	-2,172	-4,173	-471	1,747	1,296
Change in Other Net Operating Assets	-673	-1,094	542	-56	-141
Operating Cash Flow	6,419	3,119	9,317	6,198	5,019
Operating Cash Flow Growth	105.80%	-66.52%	50.32%	23.49%	62.69%
Capital Expenditures	-2,566	-1,400	-1,244	-2,286	-2,240
Sale of Property, Plant & Equipment	909	15	34	93	311
Investment in Securities	-3,475	143	134	564	524
Other Investing Activities	-78	-27	49	19	101
Investing Cash Flow	-5,191	-1,237	533	-1,588	-1,266
Short-Term Debt Issued	-	250	-	-	29
Long-Term Debt Issued	-	213	-	-	1,000
Total Debt Issued	-	463	-	-	1,029
Short-Term Debt Repaid	-150	-	-2,250	-11	-
Long-Term Debt Repaid	-556	-898	-1,163	-1,456	-1,552
Total Debt Repaid	-706	-898	-3,413	-1,467	-1,552
Net Debt Issued (Repaid)	-706	-435	-3,413	-1,467	-523
Issuance of Common Stock	436	-	-	-	-
Repurchase of Common Stock	-1,451	-	-	-	-
Common Dividends Paid	-2,568	-1,025	-935	-912	-847
Other Financing Activities	-481	-577	-744	-439	-329
Financing Cash Flow	-4,770	-2,037	-5,092	-2,818	-1,699
Foreign Exchange Rate Adjustments	104	303	265	130	358
Miscellaneous Cash Flow Adjustments	1	-1	-	-	-
Net Cash Flow	-3,437	147	5,023	1,922	2,412
Free Cash Flow	3,853	1,719	8,073	3,912	2,779
Free Cash Flow Growth	124.14%	-78.71%	106.36%	40.77%	-
Free Cash Flow Margin	6.23%	2.60%	12.48%	6.44%	5.07%
Free Cash Flow Per Share	178.06	79.04	371.31	180.02	127.98
Cash Interest Paid	42	34	42	64	54
Cash Income Tax Paid	1,636	1,679	839	990	632
Levered Free Cash Flow	1,350	-306.38	7,070	1,263	308.88
Unlevered Free Cash Flow	1,377	-286.38	7,095	1,303	343.88
Change in Working Capital	-1,921	-4,627	984	623	-965

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