COVER 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	3,817	7,448	5,722	3,352	-
Depreciation & Amortization	1,517	958	476	112	-
Loss (Gain) From Sale of Assets	3,301	164	-	32	-
Other Operating Activities	-2,579	-1,920	-1,076	-539	-
Change in Accounts Receivable	-472	-1,919	-282	-1,246	-
Change in Inventory	2,172	-2,129	-662	-81	-
Change in Accounts Payable	-119	459	176	1,133	-
Change in Other Net Operating Assets	-433	2,224	411	2,103	-
Operating Cash Flow	7,204	5,285	4,765	4,866	-
Operating Cash Flow Growth	36.31%	10.91%	-2.08%	-	-
Capital Expenditures	-407	-623	-2,429	-1,463	-
Cash Acquisitions	-	-	-146	-	-
Sale (Purchase) of Intangibles	-2,128	-1,852	-1,267	-899	-
Investment in Securities	-127	-55	-	-	-
Other Investing Activities	-19	-166	-51	-397	-
Investing Cash Flow	-2,701	-2,696	-3,893	-2,759	-
Issuance of Common Stock	-	244	-	1,040	-
Financing Cash Flow	-	244	-	1,040	-
Foreign Exchange Rate Adjustments	8	-1	1	-	-
Miscellaneous Cash Flow Adjustments	-1	-1	-	1	-
Net Cash Flow	4,510	2,831	873	3,148	-
Free Cash Flow	6,797	4,662	2,336	3,403	-
Free Cash Flow Growth	45.80%	99.57%	-31.36%	-	-
Free Cash Flow Margin	13.78%	10.74%	7.74%	16.64%	-
Free Cash Flow Per Share	101.39	69.61	34.89	52.04	-
Cash Income Tax Paid	2,581	1,919	1,237	541	-
Levered Free Cash Flow	4,452	2,762	-173.75	2,563	-
Unlevered Free Cash Flow	4,452	2,762	-173.75	2,563	-
Change in Working Capital	1,148	-1,365	-357	1,909	-