Ito Yogyo Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec '10 Dec 31, 2010	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007	Mar '06 Mar 31, 2006
Net Income	-129.43	51.67	-167.57	-348.67	1,056	-214
Depreciation & Amortization	110.47	121.09	116.7	130.81	126.65	143
Other Amortization	1.69	1.69	-	-	-	-
Loss (Gain) From Sale of Assets	22.04	16.07	-67.06	0.33	-0.54	34
Asset Writedown & Restructuring Costs	-	-	-	-	23.71	-
Loss (Gain) From Sale of Investments	0.29	-	1.21	-	1.64	9
Other Operating Activities	82.32	85.01	-3.75	38.57	-1,237	-55
Change in Accounts Receivable	87.67	85.54	-174.28	290.64	-283.8	-66
Change in Inventory	-46.38	43.37	201.53	28.58	70.07	61
Change in Accounts Payable	134.26	-57.78	139.99	-241.73	222.86	51
Change in Other Net Operating Assets	-64.81	-335.6	55.35	-13.29	1.74	-112
Operating Cash Flow	198.11	11.07	102.12	-114.76	-18.96	-149
Operating Cash Flow Growth	-	-89.16%	-	-	-	-
Capital Expenditures	-31.86	-49.95	-48.54	-28.59	-32.36	-61
Sale of Property, Plant & Equipment	26.73	1.24	100.82	0.17	0.95	-
Sale (Purchase) of Intangibles	-	-0.14	-	-7.81	-0.63	-
Investment in Securities	-4	66.52	-0.81	61	0.15	-
Other Investing Activities	-4.33	-	-0	-0	-	55
Investing Cash Flow	-13.46	17.66	51.47	24.76	-31.89	-3
Long-Term Debt Issued	-	-	-	-	350	-
Long-Term Debt Repaid	-	-	-	-	-295	-
Total Debt Repaid	-0.45	-	-	-	-295	-
Net Debt Issued (Repaid)	-0.45	-	-	-	55	-
Repurchase of Common Stock	-4.28	-0.04	-16.85	-5.96	-	-
Common Dividends Paid	-	-15.03	-0.04	-31.26	-31.39	-31
Other Financing Activities	-	-0	-	-	-0	-
Financing Cash Flow	-4.73	-15.07	-16.88	-37.22	23.61	-31
Foreign Exchange Rate Adjustments	-2.65	-8.36	-1.08	-1.76	2.81	1
Miscellaneous Cash Flow Adjustments	-	-	-0	-	162.95	-1
Net Cash Flow	177.28	5.3	135.63	-128.97	138.5	-183
Free Cash Flow	166.25	-38.88	53.58	-143.35	-51.32	-210
Free Cash Flow Margin	7.02%	-1.57%	2.05%	-6.15%	-2.23%	-8.48%
Free Cash Flow Per Share	55.30	-12.89	17.38	-45.84	-16.36	-66.94
Cash Interest Paid	2.43	0.6	-	-	13.89	-
Cash Income Tax Paid	2.21	2.1	2.37	0.34	2.44	59
Levered Free Cash Flow	216.88	99.57	99.94	-20.58	-	-144.38
Unlevered Free Cash Flow	218.4	99.94	99.94	-20.58	-	-144.38
Change in Working Capital	110.75	-264.47	222.59	64.2	10.86	-66

Updated Feb 14, 2011. Source: S&P Global Market Intelligence. Standard template. Financial Sources.