F&M Co.,Ltd. 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	2,742	2,233	2,620	2,258	1,233
Depreciation & Amortization	1,631	1,296	964	753	526
Loss (Gain) From Sale of Investments	-	-89	-	-	-
Other Operating Activities	-632	-658	-1,014	-467	-261
Change in Accounts Receivable	-127	-226	170	-441	-65
Change in Inventory	-1	2	-2	5	-4
Change in Accounts Payable	54	-25	-70	155	67
Change in Other Net Operating Assets	76	727	317	618	212
Operating Cash Flow	3,743	3,260	2,985	2,881	1,708
Operating Cash Flow Growth	14.82%	9.21%	3.61%	68.68%	188.03%
Capital Expenditures	-197	-362	-179	-178	-136
Divestitures	-	-	-	111	-
Sale (Purchase) of Intangibles	-2,571	-1,850	-1,615	-1,406	-1,066
Investment in Securities	-83	-179	-79	-212	-101
Other Investing Activities	-55	-30	-25	-15	-10
Investing Cash Flow	-2,906	-2,421	-1,898	-1,700	-1,313
Long-Term Debt Repaid	-	-	-	-24	-50
Net Debt Issued (Repaid)	-	-	-	-24	-50
Issuance of Common Stock	347	-	-	49	34
Common Dividends Paid	-572	-524	-467	-421	-405
Other Financing Activities	-	-	-	-1	-
Financing Cash Flow	-225	-524	-467	-397	-421
Miscellaneous Cash Flow Adjustments	-	-2	-1	-1	1
Net Cash Flow	612	313	619	783	-25
Free Cash Flow	3,546	2,898	2,806	2,703	1,572
Free Cash Flow Growth	22.36%	3.28%	3.81%	71.95%	250.11%
Free Cash Flow Margin	20.78%	19.50%	22.10%	24.86%	19.25%
Free Cash Flow Per Share	241.17	198.59	192.29	185.29	108.06
Cash Income Tax Paid	635	657	1,017	469	263
Levered Free Cash Flow	892.13	807	973.25	1,271	436.88
Unlevered Free Cash Flow	892.13	807	973.25	1,271	436.88
Change in Working Capital	2	478	415	337	210

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