Outlook Consulting 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
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
Net Income	551	499	622	-	-
Depreciation & Amortization	14	16	16	-	-
Loss (Gain) From Sale of Assets	-	-	-79	-	-
Other Operating Activities	-122	-142	-243	-	-
Change in Accounts Receivable	14	31	45	-	-
Change in Accounts Payable	6	-50	19	-	-
Change in Other Net Operating Assets	83	-34	29	-	-
Operating Cash Flow	546	320	409	-	-
Operating Cash Flow Growth	-	-21.76%	-	-	-
Capital Expenditures	-14	-24	-13	-	-
Sale of Property, Plant & Equipment	-	-	227	-	-
Investing Cash Flow	-14	-24	214	-	-
Issuance of Common Stock	14	7	81	-	-
Repurchase of Common Stock	-466	-433	-	-	-
Other Financing Activities	-	-	-22	-	-
Financing Cash Flow	-452	-426	59	-	-
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-
Net Cash Flow	79	-130	683	-	-
Free Cash Flow	532	296	396	-	-
Free Cash Flow Growth	-	-25.25%	-	-	-
Free Cash Flow Margin	31.28%	17.90%	23.76%	-	-
Free Cash Flow Per Share	159.38	83.37	111.64	-	-
Cash Income Tax Paid	123	142	245	-	-
Levered Free Cash Flow	462.38	229.5	331.13	-	-
Unlevered Free Cash Flow	462.38	229.5	331.13	-	-
Change in Working Capital	103	-53	93	-	-

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