Fullcast Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	4,784	8,629	9,073	9,922	7,606
Depreciation & Amortization	1,205	953	748	392	426
Loss (Gain) From Sale of Assets	40	38	-42	25	22
Asset Writedown & Restructuring Costs	56	-	-	-	-
Loss (Gain) From Sale of Investments	-192	-1,295	-346	-69	-20
Loss (Gain) on Equity Investments	111	-123	-56	-64	-26
Other Operating Activities	-2,075	-1,859	-4,189	-3,146	-1,625
Change in Accounts Receivable	-753	43	961	-1,771	-1,414
Change in Inventory	-	-	-	-17	3
Change in Accounts Payable	292	-188	-1,143	1,072	1,199
Change in Other Net Operating Assets	-2,112	-440	157	452	197
Operating Cash Flow	1,356	5,758	5,163	6,796	6,368
Operating Cash Flow Growth	-76.45%	11.52%	-24.03%	6.72%	60.04%
Capital Expenditures	-512	-286	-116	-103	-52
Sale of Property, Plant & Equipment	51	38	266	-	-
Cash Acquisitions	-4,444	-	-7,961	-844	-
Divestitures	-	999	-	-	-
Sale (Purchase) of Intangibles	-221	-374	-183	-181	-127
Investment in Securities	-855	-224	1,406	186	20
Other Investing Activities	3	-19	195	-22	15
Investing Cash Flow	-6,037	175	-6,366	-958	-99
Short-Term Debt Issued	9,000	-	-	-	-
Total Debt Issued	9,000	-	-	-	-
Short-Term Debt Repaid	-	-	-	-	-80
Long-Term Debt Repaid	-	-	-604	-46	-
Total Debt Repaid	-	-	-604	-46	-80
Net Debt Issued (Repaid)	9,000	-	-604	-46	-80
Repurchase of Common Stock	-566	-	-2,026	-907	-554
Common Dividends Paid	-2,172	-2,217	-2,295	-1,667	-1,571
Other Financing Activities	-103	-653	-29	-2	37
Financing Cash Flow	6,159	-2,870	-4,954	-2,622	-2,168
Foreign Exchange Rate Adjustments	13	-1	-	-	-
Miscellaneous Cash Flow Adjustments	2,008	1	-1	-	-
Net Cash Flow	3,499	3,063	-6,158	3,216	4,101
Free Cash Flow	844	5,472	5,047	6,693	6,316
Free Cash Flow Growth	-84.58%	8.42%	-24.59%	5.97%	64.95%
Free Cash Flow Margin	1.09%	7.98%	7.32%	10.35%	12.06%
Free Cash Flow Per Share	24.02	154.44	140.48	184.09	172.28
Cash Interest Paid	55	11	7	7	7
Cash Income Tax Paid	4,486	1,859	4,190	3,125	1,632
Levered Free Cash Flow	3,256	5,586	4,950	6,006	5,853
Unlevered Free Cash Flow	3,287	5,593	4,954	6,010	5,857
Change in Working Capital	-2,573	-585	-25	-264	-15

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