Waseda Academy Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	3,782	3,600	2,951	2,431	1,841	952
Depreciation & Amortization	1,344	1,341	1,227	1,171	1,239	1,051
Loss (Gain) From Sale of Assets	18	23	14	8	16	51
Other Operating Activities	-1,337	-1,020	-934	-907	-607	-388
Change in Accounts Receivable	-42	-138	-141	52	-12	-328
Change in Inventory	-9	-3	16	72	-10	34
Change in Accounts Payable	-34	100	-8	-2	46	210
Change in Other Net Operating Assets	386	-17	512	83	132	318
Operating Cash Flow	4,108	3,886	3,637	2,908	2,645	1,900
Operating Cash Flow Growth	10.85%	6.85%	25.07%	9.94%	39.21%	24.59%
Capital Expenditures	-414	-636	-934	-537	-605	-274
Sale of Property, Plant & Equipment	-	-	-	-	-	192
Cash Acquisitions	-	-	-	-	-685	-
Sale (Purchase) of Intangibles	-514	-449	-486	-247	-170	-107
Investment in Securities	-10	-36	-807	-19	-1	-6
Other Investing Activities	-184	-221	-128	-327	-240	-244
Investing Cash Flow	-1,122	-1,342	-2,355	-1,130	-1,701	-439
Long-Term Debt Issued	-	-	-	-	-	95
Total Debt Issued	-	-	-	-	-	95
Long-Term Debt Repaid	-	-	-	-	-370	-252
Total Debt Repaid	-	-	-	-	-370	-252
Net Debt Issued (Repaid)	-	-	-	-	-370	-157
Issuance of Common Stock	-	-	60	5	-	2,737
Repurchase of Common Stock	-	-1,052	-83	-13	-	-70
Common Dividends Paid	-1,016	-844	-494	-437	-417	-318
Other Financing Activities	-222	-227	-244	-242	-257	-246
Financing Cash Flow	-1,238	-2,123	-761	-687	-1,044	1,946
Foreign Exchange Rate Adjustments	6	-	17	-10	-4	2
Miscellaneous Cash Flow Adjustments	-1	-2	-	-2	-	-
Net Cash Flow	1,753	419	538	1,079	-104	3,409
Free Cash Flow	3,694	3,250	2,703	2,371	2,040	1,626
Free Cash Flow Growth	42.24%	20.24%	14.00%	16.23%	25.46%	98.29%
Free Cash Flow Margin	10.16%	9.27%	8.22%	7.72%	7.14%	6.39%
Free Cash Flow Per Share	201.11	176.53	142.95	125.70	108.18	101.81
Cash Interest Paid	7	8	7	7	12	19
Cash Income Tax Paid	1,341	1,027	935	909	607	321
Levered Free Cash Flow	2,812	2,498	1,573	2,362	1,886	1,578
Unlevered Free Cash Flow	2,817	2,503	1,578	2,366	1,894	1,590
Change in Working Capital	301	-58	379	205	156	234

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