Nova System Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	347	539	486	334	-
Depreciation & Amortization	70	63	58	28	-
Loss (Gain) From Sale of Assets	16	-	-2	2	-
Other Operating Activities	-161	-158	-178	-38	-
Change in Accounts Receivable	175	-357	-233	-156	-
Change in Inventory	-6	13	10	-10	-
Change in Accounts Payable	-65	146	1	-59	-
Change in Other Net Operating Assets	25	7	3	-21	-
Operating Cash Flow	401	253	145	80	-
Operating Cash Flow Growth	58.50%	74.48%	81.25%	-	-
Capital Expenditures	-440	-17	-206	-383	-
Sale of Property, Plant & Equipment	-	-	13	-	-
Cash Acquisitions	-9	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-4	-7	-
Investment in Securities	-	283	-23	60	-
Other Investing Activities	-12	-108	-3	31	-
Investing Cash Flow	-461	158	-223	-299	-
Long-Term Debt Issued	500	300	600	300	-
Long-Term Debt Repaid	-445	-565	-609	-328	-
Net Debt Issued (Repaid)	55	-265	-9	-28	-
Issuance of Common Stock	3	-	316	-	-
Repurchase of Common Stock	-25	-	-	-	-
Other Financing Activities	-	-	1	1	-
Financing Cash Flow	33	-265	308	-27	-
Miscellaneous Cash Flow Adjustments	1	-	-1	-	-
Net Cash Flow	-26	146	229	-246	-
Free Cash Flow	-39	236	-61	-303	-
Free Cash Flow Margin	-0.58%	3.65%	-1.13%	-6.55%	-
Free Cash Flow Per Share	-27.66	166.79	-44.41	-252.50	-
Cash Interest Paid	7	4	7	8	-
Cash Income Tax Paid	148	157	177	36	-
Levered Free Cash Flow	-71.25	191.5	-102.88	-349.13	-
Unlevered Free Cash Flow	-66.88	194	-99.13	-344.75	-
Change in Working Capital	129	-191	-219	-246	-