The Japan Steel Works 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	23,307	19,201	18,518	19,736	12,960
Depreciation & Amortization	7,975	7,904	6,736	6,348	6,247
Loss (Gain) From Sale of Assets	763	914	-4,720	-897	468
Loss (Gain) From Sale of Investments	-1,110	-644	-71	-2,067	-163
Loss (Gain) on Equity Investments	-16	-30	2	-29	27
Other Operating Activities	-5,341	-3,587	-6,071	-4,665	-1,174
Change in Accounts Receivable	17,244	8,366	-10,390	9,899	-7,132
Change in Inventory	-32,276	-6,230	-15,496	-8,458	6,570
Change in Accounts Payable	-11,497	-2,982	11,814	3,629	2,014
Change in Other Net Operating Assets	-3,616	-1,205	-1,308	-1,171	-5,105
Operating Cash Flow	-4,567	21,707	-986	22,325	14,712
Operating Cash Flow Growth	-	-	-	51.75%	-22.40%
Capital Expenditures	-15,110	-9,864	-6,107	-8,805	-8,276
Sale of Property, Plant & Equipment	-63	1,415	6,134	1,968	11
Divestitures	69	-	150	-	-
Investment in Securities	2,772	1,508	728	3,844	2,550
Other Investing Activities	60	100	39	8	2,463
Investing Cash Flow	-12,272	-6,841	947	-2,976	-3,243
Short-Term Debt Issued	113	1,455	493	265	99
Long-Term Debt Issued	4,500	1,000	500	2,300	11,040
Total Debt Issued	4,613	2,455	993	2,565	11,139
Long-Term Debt Repaid	-4,876	-2,525	-15,939	-1,950	-5,155
Total Debt Repaid	-4,876	-2,525	-15,939	-1,950	-5,155
Net Debt Issued (Repaid)	-263	-70	-14,946	615	5,984
Common Dividends Paid	-5,004	-4,268	-4,672	-2,942	-2,573
Other Financing Activities	-456	-561	-494	-533	-644
Financing Cash Flow	-5,723	-4,899	-20,112	-2,860	2,767
Foreign Exchange Rate Adjustments	812	535	752	551	-46
Miscellaneous Cash Flow Adjustments	-1	-	-	-	91
Net Cash Flow	-21,751	10,502	-19,399	17,040	14,281
Free Cash Flow	-19,677	11,843	-7,093	13,520	6,436
Free Cash Flow Growth	-	-	-	110.07%	4.91%
Free Cash Flow Margin	-7.92%	4.69%	-2.97%	6.32%	3.25%
Free Cash Flow Per Share	-267.35	160.93	-96.40	183.81	87.53
Cash Interest Paid	268	212	229	280	313
Cash Income Tax Paid	5,368	3,583	6,044	4,664	1,149
Levered Free Cash Flow	-17,929	11,766	-5,595	9,038	9,206
Unlevered Free Cash Flow	-17,757	11,899	-5,464	9,213	9,378
Change in Working Capital	-30,145	-2,051	-15,380	3,899	-3,653

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