MIGALO HOLDINGS Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	2,206	2,313	1,910	2,518	1,934	1,790
Depreciation & Amortization	140	133	118	111	106	62
Loss (Gain) From Sale of Investments	-10	-224	125	-	-	-
Other Operating Activities	-1,040	-915	-1,386	-1,001	-688	-816
Change in Accounts Receivable	47	-45	-152	-135	-99	1
Change in Inventory	1,155	-7,882	-2,398	-11,873	-808	-2,012
Change in Accounts Payable	709	-741	-231	1,000	-1,189	968
Change in Other Net Operating Assets	-82	56	1,323	73	871	243
Operating Cash Flow	3,125	-7,305	-691	-9,307	127	236
Operating Cash Flow Growth	-	-	-	-	-46.19%	-
Capital Expenditures	-53	-59	-4	-21	-15	-150
Cash Acquisitions	-91	-155	-266	-100	333	-57
Sale (Purchase) of Intangibles	-159	-92	-47	-49	-59	-265
Investment in Securities	-42	254	-	-90	-195	-4
Other Investing Activities	23	-51	-42	-25	-36	-102
Investing Cash Flow	-322	-103	-359	-285	28	-578
Short-Term Debt Issued	-	406	-	5,561	513	-
Long-Term Debt Issued	-	15,369	12,621	9,308	9,486	8,567
Total Debt Issued	8,774	15,775	12,621	14,869	9,999	8,567
Short-Term Debt Repaid	-	-	-114	-	-	-351
Long-Term Debt Repaid	-	-9,894	-9,095	-6,123	-7,268	-7,238
Total Debt Repaid	-12,355	-9,894	-9,209	-6,123	-7,268	-7,589
Net Debt Issued (Repaid)	-3,581	5,881	3,412	8,746	2,731	978
Issuance of Common Stock	5	10	9	1	11	25
Repurchase of Common Stock	-	-	-	-48	-	-
Common Dividends Paid	-409	-503	-290	-197	-189	-179
Other Financing Activities	-7	1	-1	2	7	-1
Financing Cash Flow	-3,992	5,389	3,130	8,504	2,560	823
Miscellaneous Cash Flow Adjustments	-	1	-1	-1	1	-
Net Cash Flow	-1,189	-2,018	2,079	-1,089	2,716	481
Free Cash Flow	3,072	-7,364	-695	-9,328	112	86
Free Cash Flow Growth	-	-	-	-	30.23%	-
Free Cash Flow Margin	5.98%	-14.24%	-1.63%	-25.04%	0.32%	0.31%
Free Cash Flow Per Share	51.80	-124.54	-11.92	-158.89	1.91	1.47
Cash Interest Paid	588	503	314	281	239	221
Cash Income Tax Paid	924	756	1,263	918	584	734
Levered Free Cash Flow	2,610	-7,420	-700.13	-9,337	-7.63	-
Unlevered Free Cash Flow	2,971	-7,120	-498.88	-9,162	138.63	-
Change in Working Capital	1,829	-8,612	-1,458	-10,935	-1,225	-800

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.