Yotai Refractories 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	3,698	5,304	4,089	4,123	2,788
Depreciation & Amortization	1,384	1,184	1,046	870	867
Loss (Gain) From Sale of Assets	-	-	53	-	232
Loss (Gain) From Sale of Investments	-77	-1,599	-45	-	-
Other Operating Activities	-1,606	-1,158	-1,293	-972	-989
Change in Accounts Receivable	1,628	-614	-53	-1,616	940
Change in Inventory	11	-203	-2,409	-3,194	1,838
Change in Accounts Payable	-246	270	-146	1,409	-497
Change in Other Net Operating Assets	-361	680	539	-199	-376
Operating Cash Flow	4,431	3,864	1,781	421	4,803
Operating Cash Flow Growth	14.67%	116.96%	323.04%	-91.23%	-11.27%
Capital Expenditures	-2,293	-1,943	-1,899	-1,139	-1,112
Sale of Property, Plant & Equipment	-17	-24	-48	7	18
Divestitures	-	591	-	-	-
Sale (Purchase) of Intangibles	-53	-246	-66	-40	-
Investment in Securities	117	868	62	-35	-107
Other Investing Activities	1	-	-1	-1	-1
Investing Cash Flow	-2,245	-754	-1,954	-1,208	-1,202
Long-Term Debt Issued	290	-	-	-	-
Long-Term Debt Repaid	-120	-	-	-	-
Net Debt Issued (Repaid)	170	-	-	-	-
Issuance of Common Stock	406	-	-	-	-
Repurchase of Common Stock	-849	-1,528	-1,538	-1,499	-130
Common Dividends Paid	-1,958	-959	-956	-588	-262
Other Financing Activities	-32	-50	-42	-24	-26
Financing Cash Flow	-2,263	-2,537	-2,536	-2,111	-418
Foreign Exchange Rate Adjustments	30	46	12	45	2
Miscellaneous Cash Flow Adjustments	-	-1	1	-	-1
Net Cash Flow	-47	618	-2,696	-2,853	3,184
Free Cash Flow	2,138	1,921	-118	-718	3,691
Free Cash Flow Growth	11.30%	-	-	-	-11.97%
Free Cash Flow Margin	7.30%	6.59%	-0.42%	-2.77%	15.67%
Free Cash Flow Per Share	115.45	101.78	-5.85	-34.19	169.21
Cash Income Tax Paid	1,585	1,157	1,292	969	989
Levered Free Cash Flow	1,268	1,905	-1,079	-697.75	3,384
Unlevered Free Cash Flow	1,268	1,905	-1,079	-697.75	3,384
Change in Working Capital	1,032	133	-2,069	-3,600	1,905

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