Liberta 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	42	50	161	201	266
Depreciation & Amortization	239	179	137	90	11
Loss (Gain) From Sale of Assets	-	-	-	-1	-1
Other Operating Activities	-154	-27	-42	-594	-168
Change in Accounts Receivable	-756	-530	-32	-325	166
Change in Inventory	-547	-509	25	-18	219
Change in Accounts Payable	450	-198	102	5	24
Change in Other Net Operating Assets	421	458	63	-157	-101
Operating Cash Flow	-305	-577	414	-799	416
Capital Expenditures	-105	-28	-12	-19	-
Sale of Property, Plant & Equipment	-	-	-	1	1
Cash Acquisitions	4	-134	-17	-654	-
Sale (Purchase) of Intangibles	-	-19	-91	-6	-24
Investment in Securities	-23	-23	-24	-24	-24
Other Investing Activities	34	2	-	10	-3
Investing Cash Flow	-90	-202	-144	-692	-51
Short-Term Debt Issued	503	950	-	700	-
Long-Term Debt Issued	700	600	400	1,400	-
Total Debt Issued	1,203	1,550	400	2,100	-
Short-Term Debt Repaid	-	-	-192	-	-
Long-Term Debt Repaid	-580	-596	-548	-491	-363
Total Debt Repaid	-580	-596	-740	-491	-363
Net Debt Issued (Repaid)	623	954	-340	1,609	-363
Issuance of Common Stock	-	-	7	6	15
Repurchase of Common Stock	-	-10	-13	-	-
Common Dividends Paid	-53	-53	-53	-63	-61
Other Financing Activities	-	-6	-1	-45	-1
Financing Cash Flow	570	885	-400	1,507	-410
Foreign Exchange Rate Adjustments	-3	-4	1	-	8
Miscellaneous Cash Flow Adjustments	-2	-2	-	-2	2
Net Cash Flow	170	100	-129	14	-35
Free Cash Flow	-410	-605	402	-818	416
Free Cash Flow Margin	-4.09%	-7.01%	5.67%	-12.32%	8.27%
Free Cash Flow Per Share	-68.19	-20.27	13.53	-27.52	14.20
Cash Interest Paid	48	29	18	17	7
Cash Income Tax Paid	148	23	46	133	168
Levered Free Cash Flow	-262.25	-612.13	13.25	-495	382.5
Unlevered Free Cash Flow	-232.88	-594	24.5	-485	386.88
Change in Working Capital	-432	-779	158	-495	308

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