Yamax 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	2,733	1,834	830	537	653
Depreciation & Amortization	383	348	352	371	362
Loss (Gain) From Sale of Assets	25	11	19	6	7
Other Operating Activities	-704	-517	-93	-262	-191
Change in Accounts Receivable	1,190	-2,319	-1,287	471	-150
Change in Inventory	-324	-317	-81	-221	102
Change in Accounts Payable	-2,337	2,009	186	-388	122
Change in Other Net Operating Assets	356	264	334	-181	109
Operating Cash Flow	1,322	1,313	260	333	1,014
Operating Cash Flow Growth	0.69%	405.00%	-21.92%	-67.16%	-7.06%
Capital Expenditures	-577	-428	-246	-453	-296
Sale of Property, Plant & Equipment	56	1	3	51	-
Cash Acquisitions	-	-	-	-	205
Investment in Securities	-12	-2	-33	-11	10
Other Investing Activities	23	18	-52	4	10
Investing Cash Flow	-511	-411	-329	-409	-71
Long-Term Debt Issued	200	300	900	350	200
Long-Term Debt Repaid	-435	-362	-530	-642	-640
Total Debt Repaid	-435	-362	-530	-642	-640
Net Debt Issued (Repaid)	-235	-62	370	-292	-440
Repurchase of Common Stock	-	-	-	-	-55
Common Dividends Paid	-401	-160	-98	-98	-60
Other Financing Activities	-9	-1	-27	-24	-21
Financing Cash Flow	-645	-223	245	-414	-576
Miscellaneous Cash Flow Adjustments	-	-1	-1	1	-1
Net Cash Flow	166	678	175	-489	366
Free Cash Flow	745	885	14	-120	718
Free Cash Flow Growth	-15.82%	6221.43%	-	-	-9.57%
Free Cash Flow Margin	3.17%	4.25%	0.08%	-0.76%	3.86%
Free Cash Flow Per Share	77.01	91.87	1.46	-12.50	73.66
Cash Interest Paid	19	15	17	15	17
Cash Income Tax Paid	702	517	93	260	192
Levered Free Cash Flow	420.63	799	128	-229.75	886.25
Unlevered Free Cash Flow	431.88	809.63	138.63	-219.75	898.13
Change in Working Capital	-1,115	-363	-848	-319	183

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