Nichia 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	1,432	2,108	2,261	2,588	1,981
Depreciation & Amortization	1,414	1,367	1,411	1,430	1,448
Loss (Gain) From Sale of Assets	265	34	11	12	123
Loss (Gain) From Sale of Investments	-263	-264	-3	-19	-216
Loss (Gain) on Equity Investments	81	118	93	-53	-8
Other Operating Activities	-699	-579	-1,036	-284	82
Change in Accounts Receivable	558	22	-1,583	-324	327
Change in Inventory	-327	886	-1,577	-2,285	1,035
Change in Accounts Payable	-272	-665	147	1,154	-318
Change in Other Net Operating Assets	177	-20	-68	-139	40
Operating Cash Flow	2,366	3,007	-344	2,080	4,494
Operating Cash Flow Growth	-21.32%	-	-	-53.72%	99.64%
Capital Expenditures	-1,549	-1,134	-1,401	-930	-1,462
Sale of Property, Plant & Equipment	1	1	-	1	20
Sale (Purchase) of Intangibles	-369	-43	-24	-12	-10
Investment in Securities	62	325	54	131	747
Other Investing Activities	-251	-16	1	-	-4
Investing Cash Flow	-2,106	-873	-1,370	-810	-709
Short-Term Debt Issued	400	-	700	-	-
Long-Term Debt Issued	-	300	400	3,800	800
Total Debt Issued	400	300	1,100	3,800	800
Short-Term Debt Repaid	-	-700	-	-100	-1,066
Long-Term Debt Repaid	-1,280	-1,220	-1,200	-3,540	-929
Total Debt Repaid	-1,280	-1,920	-1,200	-3,640	-1,995
Net Debt Issued (Repaid)	-880	-1,620	-100	160	-1,195
Repurchase of Common Stock	-217	-210	-	-	-
Common Dividends Paid	-473	-481	-481	-387	-290
Other Financing Activities	-30	-30	-1	-	-1
Financing Cash Flow	-1,600	-2,341	-582	-227	-1,486
Foreign Exchange Rate Adjustments	14	12	-9	15	-3
Miscellaneous Cash Flow Adjustments	1	63	-1	-1	-1
Net Cash Flow	-1,325	-132	-2,306	1,057	2,295
Free Cash Flow	817	1,873	-1,745	1,150	3,032
Free Cash Flow Growth	-56.38%	-	-	-62.07%	244.94%
Free Cash Flow Margin	2.39%	5.43%	-5.12%	3.74%	10.90%
Free Cash Flow Per Share	17.24	38.97	-36.06	23.76	62.65
Cash Interest Paid	12	18	21	21	32
Cash Income Tax Paid	695	613	1,117	281	47
Levered Free Cash Flow	116.63	1,507	-2,274	729.25	2,029
Unlevered Free Cash Flow	124.13	1,518	-2,262	741.13	2,049
Change in Working Capital	136	223	-3,081	-1,594	1,084

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.