Excite Holdings 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	231	555	602	-	-
Depreciation & Amortization	384	205	160	-	-
Loss (Gain) From Sale of Assets	98	66	-	-	-
Other Operating Activities	-337	-21	-15	-	-
Change in Accounts Receivable	-596	-99	-36	-	-
Change in Accounts Payable	-17	75	-7	-	-
Change in Other Net Operating Assets	-5	83	-16	-	-
Operating Cash Flow	-242	864	688	-	-
Operating Cash Flow Growth	-	25.58%	-	-	-
Cash Acquisitions	-2,865	-300	-	-	-
Sale (Purchase) of Intangibles	-224	-306	-303	-	-
Investment in Securities	-220	-	-	-	-
Other Investing Activities	-144	58	4	-	-
Investing Cash Flow	-3,453	-548	-299	-	-
Short-Term Debt Issued	500	-	-	-	-
Long-Term Debt Issued	4,862	-	-	-	-
Total Debt Issued	5,362	-	-	-	-
Long-Term Debt Repaid	-1,284	-201	-190	-	-
Net Debt Issued (Repaid)	4,078	-201	-190	-	-
Issuance of Common Stock	-	1,275	-	-	-
Dividends Paid	-294	-	-	-	-
Other Financing Activities	77	-36	-8	-	-
Financing Cash Flow	3,861	1,038	-198	-	-
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-
Net Cash Flow	165	1,354	191	-	-
Cash Interest Paid	28	10	11	-	-
Cash Income Tax Paid	321	18	2	-	-
Levered Free Cash Flow	-633	556.63	112.88	-	-
Unlevered Free Cash Flow	-617.38	562.88	119.75	-	-
Change in Net Working Capital	1,068	-262	126	-159	-

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