Innovacell 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-2,855	-	-
Depreciation & Amortization	63.99	-	-
Other Operating Activities	747.38	-	-
Change in Accounts Receivable	51.17	-	-
Change in Inventory	6.45	-	-
Change in Other Net Operating Assets	-9.16	-	-
Operating Cash Flow	-1,995	-	-
Capital Expenditures	-42.76	-	-
Sale (Purchase) of Intangibles	-9.84	-	-
Other Investing Activities	-1.13	-	-
Investing Cash Flow	-53.73	-	-
Long-Term Debt Repaid	-64.89	-	-
Net Debt Issued (Repaid)	-64.89	-	-
Issuance of Common Stock	4,280	-	-
Other Financing Activities	-125.81	-	-
Financing Cash Flow	4,090	-	-
Foreign Exchange Rate Adjustments	99.57	-	-
Net Cash Flow	2,140	-	-
Free Cash Flow	-2,038	-	-
Free Cash Flow Per Share	-63.53	-	-
Cash Interest Paid	77.48	-	-
Cash Income Tax Paid	1.03	-	-
Levered Free Cash Flow	-2,056	-	-
Unlevered Free Cash Flow	-1,521	-	-
Change in Working Capital	48.47	-	-

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