Adjuvant Holdings 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 20, 2026	Mar '25 Mar 20, 2025	Mar '24 Mar 20, 2024	Mar '23 Mar 20, 2023	Mar '22 Mar 20, 2022
Net Income	221	144	15	588	439
Depreciation & Amortization	89	115	125	108	110
Loss (Gain) From Sale of Assets	-	3	6	-	-38
Loss (Gain) From Sale of Investments	-21	-12	2	-322	-
Other Operating Activities	-137	-123	-91	-242	7
Change in Accounts Receivable	60	42	31	-59	7
Change in Inventory	2	143	225	-189	-319
Change in Accounts Payable	-33	36	27	-96	76
Change in Other Net Operating Assets	-49	-41	37	-109	135
Operating Cash Flow	132	307	377	-321	417
Operating Cash Flow Growth	-57.00%	-18.57%	-	-	3.47%
Capital Expenditures	-22	-7	-58	-77	-43
Sale of Property, Plant & Equipment	-	-	-	-	154
Sale (Purchase) of Intangibles	-21	-13	-4	-23	-5
Investment in Securities	-71	-86	396	372	-100
Other Investing Activities	-5	11	57	72	18
Investing Cash Flow	-119	-95	391	344	24
Issuance of Common Stock	-	-	-	-	21
Repurchase of Common Stock	-	-	-	-52	-
Common Dividends Paid	-96	-96	-192	-193	-191
Other Financing Activities	-9	-8	-6	-11	-9
Financing Cash Flow	-105	-104	-198	-256	-179
Foreign Exchange Rate Adjustments	-	-1	20	17	11
Miscellaneous Cash Flow Adjustments	2	-1	-	-	1
Net Cash Flow	-90	106	590	-216	274
Free Cash Flow	110	300	319	-398	374
Free Cash Flow Growth	-63.33%	-5.96%	-	-	4.47%
Free Cash Flow Margin	2.89%	7.32%	7.19%	-9.09%	8.45%
Free Cash Flow Per Share	13.74	37.45	39.90	-49.75	46.69
Cash Income Tax Paid	136	123	95	241	-5
Levered Free Cash Flow	68.88	384.38	372.38	-393.38	389.38
Unlevered Free Cash Flow	68.88	384.38	372.38	-393.38	389.38
Change in Working Capital	-20	180	320	-453	-101