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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	3,600	2,951	2,431	1,841
Depreciation & Amortization	1,341	1,227	1,171	1,239
Loss (Gain) From Sale of Assets	23	14	8	16
Other Operating Activities	-1,020	-934	-907	-607
Change in Accounts Receivable	-138	-141	52	-12
Change in Inventory	-3	16	72	-10
Change in Accounts Payable	100	-8	-2	46
Change in Other Net Operating Assets	-17	512	83	132
Operating Cash Flow	3,886	3,637	2,908	2,645
Operating Cash Flow Growth	6.85%	25.07%	9.94%	39.21%
Capital Expenditures	-636	-934	-537	-605
Cash Acquisitions	-	-	-	-685
Sale (Purchase) of Intangibles	-449	-486	-247	-170
Investment in Securities	-36	-807	-19	-1
Other Investing Activities	-221	-128	-327	-240
Investing Cash Flow	-1,342	-2,355	-1,130	-1,701
Long-Term Debt Repaid	-	-	-	-370
Total Debt Repaid	-	-	-	-370
Net Debt Issued (Repaid)	-	-	-	-370
Issuance of Common Stock	-	60	5	-
Repurchase of Common Stock	-1,052	-83	-13	-
Common Dividends Paid	-844	-494	-437	-417
Other Financing Activities	-227	-244	-242	-257
Financing Cash Flow	-2,123	-761	-687	-1,044
Foreign Exchange Rate Adjustments	-	17	-10	-4
Miscellaneous Cash Flow Adjustments	-2	-	-2	-
Net Cash Flow	419	538	1,079	-104
Free Cash Flow	3,250	2,703	2,371	2,040
Free Cash Flow Growth	20.24%	14.00%	16.23%	25.46%
Free Cash Flow Margin	9.27%	8.22%	7.72%	7.14%
Free Cash Flow Per Share	176.53	142.95	125.70	108.18
Cash Interest Paid	8	7	7	12
Cash Income Tax Paid	1,027	935	909	607
Levered Free Cash Flow	2,498	1,573	2,362	1,886
Unlevered Free Cash Flow	2,503	1,578	2,366	1,894
Change in Working Capital	-58	379	205	156

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