DRAFT Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,017	820	77	947	472
Depreciation & Amortization	211	225	144	115	54.67
Loss (Gain) From Sale of Assets	-	28	-	1	-
Other Operating Activities	-456	139	-506	-71	-292
Change in Accounts Receivable	2,042	-1,501	-271	-779	1,329
Change in Inventory	9	-70	724	76	-105.33
Change in Accounts Payable	-846	442	-328	819	-1,055
Change in Other Net Operating Assets	47	151	-47	145	46.67
Operating Cash Flow	2,024	234	-207	1,253	450.67
Operating Cash Flow Growth	764.96%	-	-	178.03%	-
Capital Expenditures	-888	-564	-244	-47	-1,125
Sale (Purchase) of Intangibles	-2	-8	-62	-7	-5.33
Investment in Securities	-	-	-	-	26.67
Other Investing Activities	-8	102	-281	-501	-1.33
Investing Cash Flow	-898	-470	-587	-555	-1,105
Short-Term Debt Issued	-	100	500	50	-
Long-Term Debt Issued	-	750	400	-	-
Total Debt Issued	-	850	900	50	800
Short-Term Debt Repaid	-362	-	-	-	-
Long-Term Debt Repaid	-336	-305	-690	-282	-
Total Debt Repaid	-698	-305	-690	-282	-970.67
Net Debt Issued (Repaid)	-698	545	210	-232	-170.67
Issuance of Common Stock	-	-	-	517	12
Common Dividends Paid	-60	-50	-50	-37	-46.67
Other Financing Activities	-8	-6	-8	-2	-32
Financing Cash Flow	-766	489	152	246	-237.33
Miscellaneous Cash Flow Adjustments	-1	-	-	-	1.33
Net Cash Flow	359	253	-642	944	-890.67
Free Cash Flow	1,136	-330	-451	1,206	-674.67
Free Cash Flow Margin	9.25%	-3.08%	-5.44%	15.02%	-9.48%
Free Cash Flow Per Share	112.68	-32.75	-44.75	129.43	-75.80
Cash Interest Paid	14	13	12	11	9.33
Cash Income Tax Paid	458	-137	508	76	292
Levered Free Cash Flow	1,111	-754.75	-999	1,217	-
Unlevered Free Cash Flow	1,119	-746.63	-991.5	1,224	-
Change in Working Capital	1,252	-978	78	261	216

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