PORTERS 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 2018	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Net Income	245	386	378	-	-
Depreciation & Amortization	31	26	8	-	-
Loss (Gain) From Sale of Assets	66	-	-	-	-
Loss (Gain) From Sale of Investments	30	1	-	-	-
Other Operating Activities	-193	-120	-120	-	-
Change in Accounts Receivable	-47	-179	-35	-	-
Change in Inventory	-10	-	-1	-	-
Change in Accounts Payable	-10	-15	17	-	-
Change in Other Net Operating Assets	34	-187	51	-	-
Operating Cash Flow	146	-88	298	-	-
Capital Expenditures	-2	-5	-	-	-
Cash Acquisitions	-8	-30	-80	-	-
Divestitures	-	8	-	-	-
Sale (Purchase) of Intangibles	-206	-194	-	-	-
Other Investing Activities	-5	-12	-3	-	-
Investing Cash Flow	-231	-244	-83	-	-
Long-Term Debt Repaid	-	-	-41	-	-
Net Debt Issued (Repaid)	-	-	-41	-	-
Issuance of Common Stock	5	1	-	-	-
Other Financing Activities	165	-	-	-	-
Financing Cash Flow	170	1	-41	-	-
Foreign Exchange Rate Adjustments	2	4	1	-	-
Miscellaneous Cash Flow Adjustments	19	36	-	-	-
Net Cash Flow	106	-291	175	-	-
Free Cash Flow	144	-93	298	-	-
Free Cash Flow Margin	6.74%	-4.84%	18.78%	-	-
Free Cash Flow Per Share	85.17	-55.28	177.95	-	-
Cash Income Tax Paid	193	119	119	-	-
Levered Free Cash Flow	-48.63	-230	-	-	-
Unlevered Free Cash Flow	-48.63	-230	-	-	-
Change in Working Capital	-33	-381	32	-	-

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