NETSTARS Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	-31	-343	-	-
Depreciation & Amortization	-	224	206	-	-
Other Operating Activities	-	66	-4	-	-
Change in Accounts Receivable	-	187	-15	-	-
Change in Inventory	-	-56	27	-	-
Change in Accounts Payable	-	-63	-141	-	-
Change in Other Net Operating Assets	-	7,183	6,280	-	-
Operating Cash Flow	-	7,510	6,010	-	-
Operating Cash Flow Growth	-	24.96%	-	-	-
Capital Expenditures	-	-4	-16	-	-
Cash Acquisitions	-	-15	-	-	-
Sale (Purchase) of Intangibles	-	-144	-166	-	-
Investment in Securities	-	-34	-	-	-
Other Investing Activities	-	-3	-5	-	-
Investing Cash Flow	-	-200	-187	-	-
Issuance of Common Stock	-	10	933	-	-
Other Financing Activities	-	-1	-	-	-
Financing Cash Flow	-	9	933	-	-
Foreign Exchange Rate Adjustments	-	33	18	-	-
Miscellaneous Cash Flow Adjustments	-	1	1	-	-
Net Cash Flow	-	7,353	6,775	-	-
Free Cash Flow	-	7,506	5,994	-	-
Free Cash Flow Growth	-	25.22%	-	-	-
Free Cash Flow Margin	-	192.36%	161.13%	-	-
Free Cash Flow Per Share	-	449.86	370.81	-	-
Cash Income Tax Paid	-	4	3	-	-
Levered Free Cash Flow	-	7,330	5,941	-	-
Unlevered Free Cash Flow	-	7,330	5,941	-	-
Change in Net Working Capital	-4,302	-7,308	-6,116	-3,656	-

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.