Nulab 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 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	262	649	323	86	-
Depreciation & Amortization	120	103	100	92	-
Loss (Gain) From Sale of Assets	11	-	-	-	-
Other Operating Activities	-177	-93	-9	-30	-
Change in Accounts Receivable	-8	-4	-5	-41	-
Change in Accounts Payable	34	-55	25	105	-
Change in Other Net Operating Assets	40	149	377	85	-
Operating Cash Flow	282	749	811	297	-
Operating Cash Flow Growth	-62.35%	-7.65%	173.06%	-	-
Capital Expenditures	-18	-24	-27	-20	-
Sale (Purchase) of Intangibles	-289	-104	-90	-107	-
Investment in Securities	-25	-	-	-	-
Other Investing Activities	-18	-	7	-3	-
Investing Cash Flow	-350	-128	-110	-130	-
Long-Term Debt Repaid	-2	-3	-8	-44	-
Net Debt Issued (Repaid)	-2	-3	-8	-44	-
Issuance of Common Stock	3	2	25	462	-
Repurchase of Common Stock	-99	-	-	-	-
Other Financing Activities	-1	-	-1	-1	-
Financing Cash Flow	-99	-1	16	417	-
Foreign Exchange Rate Adjustments	12	29	21	30	-
Miscellaneous Cash Flow Adjustments	-	-1	1	-	-
Net Cash Flow	-155	648	739	614	-
Free Cash Flow	264	725	784	277	-
Free Cash Flow Growth	-63.59%	-7.53%	183.03%	-	-
Free Cash Flow Margin	6.01%	17.63%	21.41%	10.24%	-
Free Cash Flow Per Share	40.92	111.40	119.92	43.78	-
Cash Income Tax Paid	177	94	9	32	-
Levered Free Cash Flow	48.25	531.63	613.5	177.13	-
Unlevered Free Cash Flow	48.25	531.63	613.5	177.13	-
Change in Working Capital	66	90	397	149	-

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