Hokko Chemical Industry Cash Flow Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	6,220	5,560	5,389	5,792	3,939
Depreciation & Amortization	1,799	1,859	1,959	1,413	1,390
Loss (Gain) From Sale of Assets	200	329	99	87	64
Loss (Gain) From Sale of Investments	-337	-198	-14	-	-
Other Operating Activities	-1,360	-1,473	-1,862	-1,300	-703
Change in Accounts Receivable	-1,857	118	189	57	8
Change in Inventory	641	486	-1,716	-1,166	-1,086
Change in Accounts Payable	2,814	-335	983	-459	-586
Change in Other Net Operating Assets	-508	-273	-193	-555	-86
Operating Cash Flow	7,612	6,073	4,834	3,869	2,940
Operating Cash Flow Growth	25.34%	25.63%	24.94%	31.60%	-35.95%
Capital Expenditures	-2,553	-1,255	-1,971	-2,724	-1,689
Sale of Property, Plant & Equipment	32	1	3	29	262
Sale (Purchase) of Intangibles	-17	-163	-49	-33	-254
Investment in Securities	298	187	66	-	6
Other Investing Activities	-165	-80	-29	-81	-14
Investing Cash Flow	-2,405	-1,310	-1,980	-2,809	-1,689
Long-Term Debt Issued	-	-	1,000	-	200
Total Debt Issued	-	-	1,000	-	200
Short-Term Debt Repaid	-	-	-99	-149	-227
Long-Term Debt Repaid	-	-	-1,400	-	-450
Total Debt Repaid	-	-	-1,499	-149	-677
Net Debt Issued (Repaid)	-	-	-499	-149	-477
Repurchase of Common Stock	-834	-1,013	-	-	-1
Common Dividends Paid	-950	-757	-622	-542	-487
Other Financing Activities	-1	-1	-	-	-
Financing Cash Flow	-1,785	-1,771	-1,121	-691	-965
Foreign Exchange Rate Adjustments	95	86	81	125	78
Miscellaneous Cash Flow Adjustments	-1	1	1	-1	-
Net Cash Flow	3,516	3,079	1,815	493	364
Free Cash Flow	5,059	4,818	2,863	1,145	1,251
Free Cash Flow Growth	5.00%	68.28%	150.04%	-8.47%	-53.20%
Free Cash Flow Margin	10.30%	10.43%	6.33%	2.55%	3.10%
Free Cash Flow Per Share	193.05	178.18	105.72	42.28	46.19
Cash Interest Paid	22	25	27	44	31
Cash Income Tax Paid	1,361	1,472	1,857	1,295	702
Levered Free Cash Flow	4,823	3,306	943	1,139	153.63
Unlevered Free Cash Flow	4,836	3,322	958	1,165	173
Change in Working Capital	1,090	-4	-737	-2,123	-1,750

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.