Rebase Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	99	491	336	248	-
Depreciation & Amortization	49	37	33	25	-
Other Operating Activities	-139	-132	-93	-91	-
Change in Accounts Receivable	-26	-22	-19	-18	-
Change in Accounts Payable	39	-25	48	-30	-
Change in Other Net Operating Assets	31	112	69	87	-
Operating Cash Flow	53	461	374	221	-
Operating Cash Flow Growth	-88.50%	23.26%	69.23%	-	-
Capital Expenditures	-107	-6	-18	-16	-
Cash Acquisitions	-14	-72	-	-	-
Sale (Purchase) of Intangibles	-56	-12	-23	-31	-
Other Investing Activities	-154	-1	-2	-	-
Investing Cash Flow	-331	-91	-43	-47	-
Short-Term Debt Issued	100	-	-	-	-
Total Debt Issued	100	-	-	-	-
Short-Term Debt Repaid	-	-	-	-12	-
Long-Term Debt Repaid	-	-	-	-85	-
Total Debt Repaid	-	-	-	-97	-
Net Debt Issued (Repaid)	100	-	-	-97	-
Issuance of Common Stock	1	46	1	169	-
Common Dividends Paid	-171	-	-	-	-
Other Financing Activities	-	-	-	-7	-
Financing Cash Flow	-70	46	1	65	-
Net Cash Flow	-348	416	332	239	-
Free Cash Flow	-54	455	356	205	-
Free Cash Flow Growth	-	27.81%	73.66%	-	-
Free Cash Flow Margin	-2.48%	23.62%	23.89%	17.67%	-
Free Cash Flow Per Share	-10.95	92.53	72.54	44.31	-
Cash Income Tax Paid	141	133	94	91	-
Levered Free Cash Flow	150.25	384.38	328	149.38	-
Unlevered Free Cash Flow	150.25	384.38	328	149.38	-
Change in Working Capital	44	65	98	39	-