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 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	3,901	2,742	2,233	2,620	2,258
Depreciation & Amortization	2,044	1,631	1,296	964	753
Loss (Gain) From Sale of Investments	1	-	-89	-	-
Other Operating Activities	-1,078	-632	-658	-1,014	-467
Change in Accounts Receivable	-573	-127	-226	170	-441
Change in Inventory	2	-1	2	-2	5
Change in Accounts Payable	98	54	-25	-70	155
Change in Other Net Operating Assets	802	76	727	317	618
Operating Cash Flow	5,197	3,743	3,260	2,985	2,881
Operating Cash Flow Growth	38.85%	14.82%	9.21%	3.61%	68.68%
Capital Expenditures	-224	-197	-362	-179	-178
Divestitures	-	-	-	-	111
Sale (Purchase) of Intangibles	-3,417	-2,571	-1,850	-1,615	-1,406
Investment in Securities	-	-83	-179	-79	-212
Other Investing Activities	-44	-55	-30	-25	-15
Investing Cash Flow	-3,685	-2,906	-2,421	-1,898	-1,700
Long-Term Debt Repaid	-	-	-	-	-24
Net Debt Issued (Repaid)	-	-	-	-	-24
Issuance of Common Stock	-	347	-	-	49
Common Dividends Paid	-606	-572	-524	-467	-421
Other Financing Activities	-	-	-	-	-1
Financing Cash Flow	-606	-225	-524	-467	-397
Miscellaneous Cash Flow Adjustments	-1	-	-2	-1	-1
Net Cash Flow	905	612	313	619	783
Free Cash Flow	4,973	3,546	2,898	2,806	2,703
Free Cash Flow Growth	40.24%	22.36%	3.28%	3.81%	71.95%
Free Cash Flow Margin	23.90%	20.78%	19.50%	22.10%	24.86%
Free Cash Flow Per Share	336.18	241.17	198.59	192.29	185.29
Cash Income Tax Paid	1,076	635	657	1,017	469
Levered Free Cash Flow	1,359	892.13	807	973.25	1,271
Unlevered Free Cash Flow	1,359	892.13	807	973.25	1,271
Change in Working Capital	329	2	478	415	337