Kyoei Steel 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	16,280	15,316	13,629	10,081	12,735
Depreciation & Amortization	8,753	9,969	9,875	9,064	8,600
Loss (Gain) From Sale of Assets	2,864	5,278	1,351	529	345
Loss (Gain) on Equity Investments	-1,204	-1,961	-1,420	-1,419	-763
Other Operating Activities	-5,260	-2,633	686	-3,498	-5,631
Change in Accounts Receivable	24,103	-10,726	-11,071	-13,070	-1,431
Change in Inventory	-1,469	4,723	5,399	-18,081	261
Change in Accounts Payable	57	5,418	-606	2,670	2,846
Change in Other Net Operating Assets	-4,716	-1,094	1,416	27	-1,771
Operating Cash Flow	39,408	24,290	19,259	-13,697	15,191
Operating Cash Flow Growth	62.24%	26.12%	-	-	-54.31%
Capital Expenditures	-13,555	-10,435	-6,602	-10,883	-9,353
Sale of Property, Plant & Equipment	50	200	36	24	14
Sale (Purchase) of Intangibles	-271	-395	-522	-993	-732
Investment in Securities	5,473	-5,833	914	18,675	-26,051
Other Investing Activities	-394	-372	-259	-195	-188
Investing Cash Flow	-9,882	-17,048	-6,138	6,933	-36,778
Short-Term Debt Issued	-	-	-	4,463	-
Long-Term Debt Issued	-	-	5,000	11,398	15,000
Total Debt Issued	-	-	5,000	15,861	15,000
Short-Term Debt Repaid	-7,751	-6,150	-3,686	-	-33
Long-Term Debt Repaid	-4,840	-4,305	-4,966	-5,869	-5,714
Total Debt Repaid	-12,591	-10,455	-8,652	-5,869	-5,747
Net Debt Issued (Repaid)	-12,591	-10,455	-3,652	9,992	9,253
Common Dividends Paid	-4,563	-3,476	-1,738	-2,603	-3,471
Other Financing Activities	-1,070	-242	-3,627	-50	-645
Financing Cash Flow	-18,224	-14,173	-9,017	7,339	5,137
Foreign Exchange Rate Adjustments	657	604	1,107	1,283	-561
Miscellaneous Cash Flow Adjustments	-	-	-	-	278
Net Cash Flow	11,959	-6,327	5,211	1,858	-16,733
Free Cash Flow	25,853	13,855	12,657	-24,580	5,838
Free Cash Flow Growth	86.60%	9.46%	-	-	-77.07%
Free Cash Flow Margin	8.01%	4.32%	3.56%	-8.40%	2.58%
Free Cash Flow Per Share	594.88	318.81	291.24	-565.59	134.33
Cash Interest Paid	2,927	3,504	2,389	1,197	1,353
Cash Income Tax Paid	9,331	2,730	-290	3,686	5,998
Levered Free Cash Flow	19,248	10,392	2,715	-34,502	3,986
Unlevered Free Cash Flow	20,925	12,630	4,330	-33,741	4,805
Change in Working Capital	17,975	-1,679	-4,862	-28,454	-95

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