Shiseido Company Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-35,995	-40,680	-10,813	31,037	50,428	73,256
Depreciation & Amortization	56,469	56,926	60,646	75,492	75,718	69,848
Other Amortization	14,809	14,809	15,020	-	-	-
Loss (Gain) From Sale of Assets	1,858	1,830	1,186	-2,872	13,675	28,393
Asset Writedown & Restructuring Costs	51,360	51,309	-1,008	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-	-2,666
Loss (Gain) on Equity Investments	-575	-670	-2,052	-3,744	-1,607	1,090
Other Operating Activities	1,954	3,740	6,903	-2,361	-70,617	-47,470
Change in Accounts Receivable	5,459	-1,576	-10,464	35,142	-6,334	-1,586
Change in Inventory	13,226	19,021	1,195	-2,223	-3,348	10,853
Change in Accounts Payable	1,669	-13,851	-30,138	-23,690	-12,516	34,000
Change in Other Net Operating Assets	-4,519	18,181	5,144	-17,755	1,336	-42,831
Operating Cash Flow	106,566	109,890	48,403	89,026	46,735	122,887
Operating Cash Flow Growth	125.16%	127.03%	-45.63%	90.49%	-61.97%	91.88%
Capital Expenditures	-24,912	-25,299	-24,859	-26,703	-36,289	-72,525
Sale of Property, Plant & Equipment	520	336	1,456	14,804	5,288	1,520
Cash Acquisitions	-	-	-48,902	-	-	-
Divestitures	-	-	1,531	8,500	-	-
Sale (Purchase) of Intangibles	-15,108	-19,127	-25,849	-28,972	-29,915	-19,927
Investment in Securities	2,600	-1,059	9,329	-3,445	1,095	4,532
Other Investing Activities	2,025	1,725	3,556	280	18,513	150,139
Investing Cash Flow	-34,875	-43,424	-83,738	-35,536	-41,308	63,739
Short-Term Debt Issued	-	-	42,000	19,918	73	-
Long-Term Debt Issued	-	57,000	66,000	554	20,000	10,000
Total Debt Issued	47,000	57,000	108,000	20,472	20,073	10,000
Short-Term Debt Repaid	-	-32,000	-	-	-	-57,885
Long-Term Debt Repaid	-	-75,728	-56,376	-25,915	-15,730	-94,714
Total Debt Repaid	-87,777	-107,728	-56,376	-25,915	-15,730	-152,599
Net Debt Issued (Repaid)	-40,777	-50,728	51,624	-5,443	4,343	-142,599
Issuance of Common Stock	-	-	-	-	244	71
Repurchase of Common Stock	-3	-2	-1,047	-8	-9	-23
Common Dividends Paid	-15,910	-12,004	-23,979	-41,908	-21,969	-15,987
Other Financing Activities	-15,696	-14,514	-3,241	-28,283	-35,027	-17,684
Financing Cash Flow	-72,386	-77,248	23,357	-75,642	-52,418	-176,222
Foreign Exchange Rate Adjustments	8,275	4,141	5,770	7,280	10,024	9,751
Miscellaneous Cash Flow Adjustments	-	1	2	521	-500	-
Net Cash Flow	7,580	-6,640	-6,206	-14,351	-37,467	20,155
Free Cash Flow	81,654	84,591	23,544	62,323	10,446	50,362
Free Cash Flow Growth	260.34%	259.29%	-62.22%	496.62%	-79.26%	555.24%
Free Cash Flow Margin	8.39%	8.72%	2.38%	6.40%	0.98%	4.87%
Free Cash Flow Per Share	204.38	211.75	58.92	155.87	26.13	125.96
Cash Interest Paid	3,595	3,540	2,781	2,761	2,069	2,422
Cash Income Tax Paid	8,023	5,370	3,210	-1,099	67,522	23,889
Levered Free Cash Flow	62,867	64,282	-	27,135	-52,856	97,380
Unlevered Free Cash Flow	65,534	67,112	-	29,034	-51,221	98,886
Change in Working Capital	15,835	21,775	-34,263	-8,526	-20,862	436

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