eWeLL 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	-	1,138	908	676	-
Depreciation & Amortization	-	80	59	32	-
Loss (Gain) From Sale of Assets	-	-	2	-	-
Other Operating Activities	-	-363	-240	-105	-
Change in Accounts Receivable	-	-90	-96	-78	-
Change in Accounts Payable	-	38	92	13	-
Change in Other Net Operating Assets	-	53	-99	5	-
Operating Cash Flow	-	856	626	543	-
Operating Cash Flow Growth	-	36.74%	15.29%	-	-
Capital Expenditures	-	-17	-186	-16	-
Sale (Purchase) of Intangibles	-	-60	-38	-55	-
Other Investing Activities	-	-	7	-65	-
Investing Cash Flow	-	-77	-217	-136	-
Long-Term Debt Repaid	-	-91	-4	-84	-
Net Debt Issued (Repaid)	-	-91	-4	-84	-
Issuance of Common Stock	-	14	37	151	-
Common Dividends Paid	-	-149	-104	-	-
Other Financing Activities	-	1	-	-16	-
Financing Cash Flow	-	-225	-71	51	-
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-
Net Cash Flow	-	553	337	458	-
Free Cash Flow	-	839	440	527	-
Free Cash Flow Growth	-	90.68%	-16.51%	-	-
Free Cash Flow Margin	-	32.63%	21.27%	32.88%	-
Free Cash Flow Per Share	-	55.05	57.83	76.39	-
Cash Interest Paid	-	2	3	5	-
Cash Income Tax Paid	-	365	240	106	-
Levered Free Cash Flow	-	656.75	337.25	381	-
Unlevered Free Cash Flow	-	658	339.13	384.13	-
Change in Working Capital	-	1	-103	-60	-

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