Waseda Academy 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	3,600	2,951	2,431	1,841	952
Depreciation & Amortization	1,341	1,227	1,171	1,239	1,051
Loss (Gain) From Sale of Assets	23	14	8	16	51
Other Operating Activities	-1,020	-934	-907	-607	-388
Change in Accounts Receivable	-138	-141	52	-12	-328
Change in Inventory	-3	16	72	-10	34
Change in Accounts Payable	100	-8	-2	46	210
Change in Other Net Operating Assets	-17	512	83	132	318
Operating Cash Flow	3,886	3,637	2,908	2,645	1,900
Operating Cash Flow Growth	6.85%	25.07%	9.94%	39.21%	24.59%
Capital Expenditures	-636	-934	-537	-605	-274
Sale of Property, Plant & Equipment	-	-	-	-	192
Cash Acquisitions	-	-	-	-685	-
Sale (Purchase) of Intangibles	-449	-486	-247	-170	-107
Investment in Securities	-36	-807	-19	-1	-6
Other Investing Activities	-221	-128	-327	-240	-244
Investing Cash Flow	-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	-844	-494	-437	-417	-318
Other Financing Activities	-227	-244	-242	-257	-246
Financing Cash Flow	-2,123	-761	-687	-1,044	1,946
Foreign Exchange Rate Adjustments	-	17	-10	-4	2
Miscellaneous Cash Flow Adjustments	-2	-	-2	-	-
Net Cash Flow	419	538	1,079	-104	3,409
Free Cash Flow	3,250	2,703	2,371	2,040	1,626
Free Cash Flow Growth	20.24%	14.00%	16.23%	25.46%	98.29%
Free Cash Flow Margin	9.27%	8.22%	7.72%	7.14%	6.39%
Free Cash Flow Per Share	176.53	142.95	125.70	108.18	101.81
Cash Interest Paid	8	7	7	12	19
Cash Income Tax Paid	1,027	935	909	607	321
Levered Free Cash Flow	2,498	1,573	2,362	1,886	1,578
Unlevered Free Cash Flow	2,503	1,578	2,366	1,894	1,590
Change in Working Capital	-58	379	205	156	234

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