Excite 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	3	231	555	602	-	-
Depreciation & Amortization	560	384	205	160	-	-
Loss (Gain) From Sale of Assets	98	98	66	-	-	-
Other Operating Activities	-91	-337	-21	-15	-	-
Change in Accounts Receivable	-926	-596	-99	-36	-	-
Change in Accounts Payable	74	-17	75	-7	-	-
Change in Other Net Operating Assets	-44	-5	83	-16	-	-
Operating Cash Flow	-326	-242	864	688	-	-
Operating Cash Flow Growth	-	-	25.58%	-	-	-
Cash Acquisitions	-2,840	-2,865	-300	-	-	-
Sale (Purchase) of Intangibles	-258	-224	-306	-303	-	-
Investment in Securities	-220	-220	-	-	-	-
Other Investing Activities	-40	-144	58	4	-	-
Investing Cash Flow	-3,743	-3,453	-548	-299	-	-
Short-Term Debt Issued	-	500	-	-	-	-
Long-Term Debt Issued	-	4,862	-	-	-	-
Total Debt Issued	5,612	5,362	-	-	-	-
Long-Term Debt Repaid	-	-1,284	-201	-190	-	-
Net Debt Issued (Repaid)	4,043	4,078	-201	-190	-	-
Issuance of Common Stock	-	-	1,275	-	-	-
Common Dividends Paid	-145	-294	-	-	-	-
Other Financing Activities	81	77	-36	-8	-	-
Financing Cash Flow	3,947	3,861	1,038	-198	-	-
Miscellaneous Cash Flow Adjustments	-2	-1	-	-	-	-
Net Cash Flow	-124	165	1,354	191	-	-
Cash Interest Paid	47	28	10	11	-	-
Cash Income Tax Paid	66	321	18	2	-	-
Levered Free Cash Flow	-122	-633	556.63	112.88	-	-
Unlevered Free Cash Flow	-93.88	-617.38	562.88	119.75	-	-
Change in Working Capital	-896	-618	59	-59	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.