Pola Orbis 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	13,296	14,649	15,360	12,311	17,612
Depreciation & Amortization	8,170	8,352	7,712	8,860	7,393
Loss (Gain) From Sale of Assets	1,399	1,026	2,510	2,273	1,523
Loss (Gain) From Sale of Investments	30	300	361	165	-
Other Operating Activities	-6,720	3,807	-6,523	-5,801	-3,366
Change in Accounts Receivable	-42	495	175	-7	714
Change in Inventory	-82	-17	-1,464	1,042	2,081
Change in Accounts Payable	2,135	-708	58	-354	888
Change in Other Net Operating Assets	350	-1,719	-3,766	-2,941	-3,015
Operating Cash Flow	18,536	26,185	14,423	15,548	23,830
Operating Cash Flow Growth	-29.21%	81.55%	-7.24%	-34.76%	1.86%
Capital Expenditures	-3,175	-8,172	-12,146	-7,482	-2,248
Sale of Property, Plant & Equipment	4	-25	-215	778	-521
Cash Acquisitions	-	-	-	-	-3,231
Sale (Purchase) of Intangibles	-3,506	-3,983	-4,088	-3,917	-4,948
Investment in Securities	14,908	736	-1,344	-1,707	9,320
Other Investing Activities	-353	-660	-941	-42	-546
Investing Cash Flow	7,878	-12,104	-18,734	-12,370	-2,174
Short-Term Debt Repaid	-8	-12	-12	-12	-39
Total Debt Repaid	-8	-12	-12	-12	-39
Net Debt Issued (Repaid)	-8	-12	-12	-12	-39
Issuance of Common Stock	-	195	20	6	270
Repurchase of Common Stock	-8	-195	-20	-6	-270
Common Dividends Paid	-11,523	-11,554	-11,547	-11,518	-7,756
Other Financing Activities	-822	-1,810	-816	-1,138	-1,305
Financing Cash Flow	-12,361	-13,376	-12,375	-12,668	-9,100
Foreign Exchange Rate Adjustments	588	224	501	358	294
Miscellaneous Cash Flow Adjustments	1	-1	-	1	-2
Net Cash Flow	14,642	928	-16,185	-9,131	12,848
Free Cash Flow	15,361	18,013	2,277	8,066	21,582
Free Cash Flow Growth	-14.72%	691.09%	-71.77%	-62.63%	8.47%
Free Cash Flow Margin	9.02%	10.57%	1.31%	4.85%	12.08%
Free Cash Flow Per Share	69.35	81.33	10.28	36.42	97.45
Cash Interest Paid	114	115	104	92	90
Cash Income Tax Paid	6,037	-3,836	6,586	5,695	3,380
Levered Free Cash Flow	11,894	6,887	-4,372	6,149	14,731
Unlevered Free Cash Flow	11,966	6,958	-4,307	6,206	14,786
Change in Working Capital	2,361	-1,949	-4,997	-2,260	668

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