Fukoku Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4,453	4,093	3,511	2,553	1,417
Depreciation & Amortization	5,038	4,653	4,471	4,369	4,344
Loss (Gain) From Sale of Assets	282	88	-363	-193	-19
Loss (Gain) From Sale of Investments	-	-	-2	-31	17
Loss (Gain) on Equity Investments	-166	-71	-35	-16	-29
Other Operating Activities	-1,454	-848	-785	-600	-478
Change in Accounts Receivable	1,375	-122	-1,572	2,080	-633
Change in Inventory	268	122	-876	-2,004	297
Change in Accounts Payable	-3,120	213	971	-329	-663
Change in Other Net Operating Assets	-45	715	-1,805	-485	501
Operating Cash Flow	6,631	8,843	3,515	5,344	4,754
Operating Cash Flow Growth	-25.01%	151.58%	-34.23%	12.41%	8.32%
Capital Expenditures	-5,801	-4,027	-4,103	-2,772	-4,325
Sale of Property, Plant & Equipment	33	114	622	154	224
Sale (Purchase) of Intangibles	-315	-454	-555	-124	-63
Investment in Securities	200	-56	54	-139	94
Other Investing Activities	48	-43	-6	35	44
Investing Cash Flow	-5,835	-4,466	-3,988	-2,846	-4,026
Short-Term Debt Issued	559	755	1,704	235	810
Long-Term Debt Issued	3,300	1,300	2,400	1,915	2,240
Total Debt Issued	3,859	2,055	4,104	2,150	3,050
Short-Term Debt Repaid	-1,223	-1,626	-179	-1,178	-1,087
Long-Term Debt Repaid	-2,025	-2,308	-2,348	-2,334	-2,549
Total Debt Repaid	-3,248	-3,934	-2,527	-3,512	-3,636
Net Debt Issued (Repaid)	611	-1,879	1,577	-1,362	-586
Repurchase of Common Stock	-	-	-	-494	-
Common Dividends Paid	-1,128	-813	-756	-846	-165
Other Financing Activities	-123	-89	-68	-113	-108
Financing Cash Flow	-640	-2,781	753	-2,815	-859
Foreign Exchange Rate Adjustments	426	325	415	430	-77
Net Cash Flow	582	1,921	695	113	-208
Free Cash Flow	830	4,816	-588	2,572	429
Free Cash Flow Growth	-82.77%	-	-	499.53%	-
Free Cash Flow Margin	0.93%	5.42%	-0.71%	3.60%	0.68%
Free Cash Flow Per Share	51.50	298.91	-36.52	156.99	25.88
Cash Interest Paid	213	230	155	97	107
Cash Income Tax Paid	1,274	857	788	601	501
Levered Free Cash Flow	-556.5	2,391	-1,561	1,431	-531.75
Unlevered Free Cash Flow	-431.5	2,535	-1,462	1,489	-464.25
Change in Working Capital	-1,522	928	-3,282	-738	-498

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