eWeLL Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,204	1,546	1,138	908	676	-
Depreciation & Amortization	114.5	106	80	59	32	-
Loss (Gain) From Sale of Assets	-	-	-	2	-	-
Other Operating Activities	18.35	-368	-363	-240	-105	-
Change in Accounts Receivable	-124.98	-127	-90	-96	-78	-
Change in Accounts Payable	28.99	128	38	92	13	-
Change in Other Net Operating Assets	-4.54	-15	53	-99	5	-
Operating Cash Flow	1,272	1,270	856	626	543	-
Operating Cash Flow Growth	16.89%	48.36%	36.74%	15.29%	-	-
Capital Expenditures	-35.83	-42	-17	-186	-16	-
Sale (Purchase) of Intangibles	-44.12	-79	-60	-38	-55	-
Other Investing Activities	-69.82	-89	-	7	-65	-
Investing Cash Flow	-149.77	-210	-77	-217	-136	-
Long-Term Debt Repaid	-	-	-91	-4	-84	-
Net Debt Issued (Repaid)	-	-	-91	-4	-84	-
Issuance of Common Stock	12.34	12	14	37	151	-
Common Dividends Paid	-243.87	-181	-149	-104	-	-
Other Financing Activities	-	1	1	-	-16	-
Financing Cash Flow	-531.45	-168	-225	-71	51	-
Miscellaneous Cash Flow Adjustments	0	-1	-1	-1	-	-
Net Cash Flow	590.51	891	553	337	458	-
Free Cash Flow	1,236	1,228	839	440	527	-
Free Cash Flow Growth	16.27%	46.37%	90.68%	-16.51%	-	-
Free Cash Flow Margin	32.69%	36.20%	32.63%	21.27%	32.88%	-
Free Cash Flow Per Share	81.05	80.38	55.05	57.83	76.39	-
Levered Free Cash Flow	1,073	1,020	656.75	337.25	381	-
Unlevered Free Cash Flow	1,073	1,020	658	339.13	384.13	-
Cash Interest Paid	-	-	2	3	5	-
Cash Income Tax Paid	485.19	369	365	240	106	-
Change in Working Capital	-108.9	-14	1	-103	-60	-