TYO:5101 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	157,186	115,359	105,975	71,622	85,199
Depreciation & Amortization	73,622	66,157	59,494	49,914	45,560
Loss (Gain) From Sale of Assets	3,602	9,589	2,308	363	-19,970
Other Operating Activities	-57,040	-60,179	-24,145	-28,398	-12,988
Change in Accounts Receivable	-32,971	-22,571	-1,172	-11,733	-7,387
Change in Inventory	-2,876	-12,273	31,643	-47,682	-33,107
Change in Accounts Payable	-7,173	-3,535	-6,194	5,983	6,193
Change in Other Net Operating Assets	1,280	1,949	-8,168	-838	-4,388
Operating Cash Flow	135,630	94,496	159,741	39,231	68,303
Operating Cash Flow Growth	43.53%	-40.84%	307.18%	-42.56%	-12.76%
Capital Expenditures	-111,626	-76,965	-58,253	-54,378	-35,930
Sale of Property, Plant & Equipment	1,767	4,139	2,969	2,072	21,766
Cash Acquisitions	-	-	-321,928	-	-
Sale (Purchase) of Intangibles	-658	-825	-473	-514	-370
Investment in Securities	11,197	73,644	26,175	9,297	-1,059
Other Investing Activities	-141,978	-1,385	7,495	-2,834	11,114
Investing Cash Flow	-241,298	-1,392	-344,015	-46,357	-4,479
Short-Term Debt Issued	15,610	4,801	-	41,460	-
Long-Term Debt Issued	142,487	10,094	314,700	43,524	6,884
Total Debt Issued	158,097	14,895	314,700	84,984	6,884
Short-Term Debt Repaid	-	-	-48,646	-	-2,163
Long-Term Debt Repaid	-55,649	-48,058	-38,894	-31,494	-41,814
Total Debt Repaid	-55,649	-48,058	-87,540	-31,494	-43,977
Net Debt Issued (Repaid)	102,448	-33,163	227,160	53,490	-37,093
Issuance of Common Stock	187	197	144	135	121
Repurchase of Common Stock	-6,007	-3,921	-	-	-
Common Dividends Paid	-15,861	-15,429	-10,767	-10,603	-10,277
Other Financing Activities	-12,450	-10,897	-10,777	-7,850	-7,946
Financing Cash Flow	68,317	-63,213	205,760	35,172	-55,195
Foreign Exchange Rate Adjustments	8,528	8,149	555	5,003	3,134
Miscellaneous Cash Flow Adjustments	-	561	-	-	1
Net Cash Flow	-28,823	38,601	22,041	33,049	11,764
Free Cash Flow	24,004	17,531	101,488	-15,147	32,373
Free Cash Flow Growth	36.92%	-82.73%	-	-	-31.84%
Free Cash Flow Margin	1.94%	1.60%	10.30%	-1.76%	4.83%
Free Cash Flow Per Share	151.80	109.18	631.43	-94.28	201.58
Cash Interest Paid	8,353	5,487	6,155	2,890	2,158
Cash Income Tax Paid	57,125	60,021	24,284	28,444	12,951
Levered Free Cash Flow	-13,021	-5,940	41,562	-34,796	10,718
Unlevered Free Cash Flow	-7,687	-2,556	45,499	-32,959	12,030
Change in Working Capital	-41,740	-36,430	16,109	-54,270	-38,689

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