Rebase Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	344	491	336	248	-	-
Depreciation & Amortization	46	37	33	25	-	-
Other Operating Activities	-134	-132	-93	-91	-	-
Change in Accounts Receivable	-11	-22	-19	-18	-	-
Change in Accounts Payable	-2	-25	48	-30	-	-
Change in Other Net Operating Assets	64	112	69	87	-	-
Operating Cash Flow	307	461	374	221	-	-
Operating Cash Flow Growth	-27.42%	23.26%	69.23%	-	-	-
Capital Expenditures	-4	-6	-18	-16	-	-
Cash Acquisitions	-14	-72	-	-	-	-
Sale (Purchase) of Intangibles	-32	-12	-23	-31	-	-
Other Investing Activities	-156	-1	-2	-	-	-
Investing Cash Flow	-206	-91	-43	-47	-	-
Short-Term Debt Repaid	-	-	-	-12	-	-
Long-Term Debt Repaid	-	-	-	-85	-	-
Total Debt Repaid	-	-	-	-97	-	-
Net Debt Issued (Repaid)	-	-	-	-97	-	-
Issuance of Common Stock	45	46	1	169	-	-
Other Financing Activities	-	-	-	-7	-	-
Financing Cash Flow	-126	46	1	65	-	-
Net Cash Flow	-24	416	332	239	-	-
Free Cash Flow	303	455	356	205	-	-
Free Cash Flow Growth	-26.63%	27.81%	73.66%	-	-	-
Free Cash Flow Margin	14.72%	23.62%	23.89%	17.67%	-	-
Free Cash Flow Per Share	61.45	92.53	72.54	44.31	-	-
Cash Income Tax Paid	133	133	94	91	-	-
Levered Free Cash Flow	221.88	384.38	328	149.38	-	-
Unlevered Free Cash Flow	221.88	384.38	328	149.38	-	-
Change in Working Capital	51	65	98	39	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.