HOKUETSU METAL 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	772	661	1,116	-755	932
Depreciation & Amortization	1,061	1,089	1,063	986	886
Loss (Gain) From Sale of Assets	24	34	16	27	41
Loss (Gain) From Sale of Investments	-1	-30	6	4	-3
Other Operating Activities	-89	-209	64	-141	-626
Change in Accounts Receivable	1,937	-892	-1,482	-657	807
Change in Inventory	-95	1,203	-325	-1,425	-767
Change in Accounts Payable	-2,198	360	140	836	926
Change in Other Net Operating Assets	206	-189	300	-1,341	-462
Operating Cash Flow	1,617	2,027	898	-2,466	1,734
Operating Cash Flow Growth	-20.23%	125.72%	-	-	-2.97%
Capital Expenditures	-1,006	-1,343	-1,364	-2,046	-1,637
Sale of Property, Plant & Equipment	5	4	64	-	2
Cash Acquisitions	-	-	-	-	-105
Sale (Purchase) of Intangibles	-27	-26	-3	-11	-9
Investment in Securities	-1	232	25	-33	267
Other Investing Activities	-	7	-5	72	-12
Investing Cash Flow	-1,029	-1,126	-1,283	-2,018	-1,494
Short-Term Debt Issued	-	-	500	1,500	-
Long-Term Debt Issued	-	1,000	-	-	3,000
Total Debt Issued	-	1,000	500	1,500	3,000
Short-Term Debt Repaid	-300	-500	-	-	-
Long-Term Debt Repaid	-758	-545	-450	-450	-388
Total Debt Repaid	-1,058	-1,045	-450	-450	-388
Net Debt Issued (Repaid)	-1,058	-45	50	1,050	2,612
Issuance of Common Stock	-	-	-	-	72
Repurchase of Common Stock	-	-	-	-	-72
Common Dividends Paid	-58	-333	-121	-39	-328
Other Financing Activities	-4	-2	-3	-8	-2
Financing Cash Flow	-1,120	-380	-74	1,003	2,282
Miscellaneous Cash Flow Adjustments	-	-1	-	1	-
Net Cash Flow	-532	520	-459	-3,480	2,522
Free Cash Flow	611	684	-466	-4,512	97
Free Cash Flow Growth	-10.67%	-	-	-	-76.46%
Free Cash Flow Margin	2.13%	2.15%	-1.50%	-16.49%	0.45%
Free Cash Flow Per Share	158.70	177.82	-121.30	-1175.24	25.29
Cash Interest Paid	22	18	17	13	13
Cash Income Tax Paid	89	210	-55	149	633
Levered Free Cash Flow	285.75	566.75	-1,047	-3,701	513
Unlevered Free Cash Flow	299.5	578	-1,035	-3,693	520.5
Change in Working Capital	-150	482	-1,367	-2,587	504

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