Nichirin 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	10,743	10,744	8,421	8,868	4,372
Depreciation & Amortization	3,035	2,667	2,577	2,294	2,266
Loss (Gain) From Sale of Assets	232	96	218	-1,269	36
Loss (Gain) From Sale of Investments	-147	-293	-189	-228	-41
Loss (Gain) on Equity Investments	-	-	-	-	4
Other Operating Activities	-3,074	-3,413	-3,173	-1,637	-745
Change in Accounts Receivable	1,154	30	-418	1,852	-2,126
Change in Inventory	-718	346	28	-2,307	-84
Change in Accounts Payable	-819	240	266	-1,348	-124
Change in Other Net Operating Assets	-1,736	-505	-960	127	-701
Operating Cash Flow	8,670	9,912	6,770	6,352	2,857
Operating Cash Flow Growth	-12.53%	46.41%	6.58%	122.33%	-44.35%
Capital Expenditures	-4,118	-3,239	-2,018	-1,640	-2,554
Sale of Property, Plant & Equipment	2	-13	7	1,833	24
Sale (Purchase) of Intangibles	-105	-68	-152	-43	-32
Investment in Securities	-2,131	-61	1,150	-847	538
Other Investing Activities	138	20	56	111	80
Investing Cash Flow	-6,213	-3,361	-942	-591	-1,956
Short-Term Debt Issued	-	-	-	-	106
Long-Term Debt Issued	-	-	-	600	1,240
Total Debt Issued	-	-	-	600	1,346
Short-Term Debt Repaid	-	-140	-233	-196	-
Long-Term Debt Repaid	-463	-626	-679	-761	-745
Total Debt Repaid	-463	-766	-912	-957	-745
Net Debt Issued (Repaid)	-463	-766	-912	-357	601
Repurchase of Common Stock	-1,032	-1,245	-250	-252	-1
Common Dividends Paid	-2,329	-1,435	-1,172	-969	-640
Other Financing Activities	-1,942	-2,082	-1,871	-1,024	-943
Financing Cash Flow	-5,766	-5,528	-4,205	-2,602	-983
Foreign Exchange Rate Adjustments	1,423	987	923	930	-308
Miscellaneous Cash Flow Adjustments	-	-	1	-1	-
Net Cash Flow	-1,886	2,010	2,547	4,088	-390
Free Cash Flow	4,552	6,673	4,752	4,712	303
Free Cash Flow Growth	-31.79%	40.42%	0.85%	1455.12%	450.91%
Free Cash Flow Margin	6.38%	9.45%	7.41%	8.09%	0.59%
Free Cash Flow Per Share	340.64	489.43	336.78	331.19	21.29
Cash Interest Paid	21	41	48	44	58
Cash Income Tax Paid	3,128	3,405	3,160	1,705	843
Levered Free Cash Flow	2,590	4,955	3,121	3,411	-646.88
Unlevered Free Cash Flow	2,636	4,974	3,149	3,438	-610
Change in Working Capital	-2,119	111	-1,084	-1,676	-3,035

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