IBOKIN Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	795	822	603	535	799
Depreciation & Amortization	343	287	233	203	189
Loss (Gain) From Sale of Assets	10	1	-	-9	10
Loss (Gain) From Sale of Investments	-	-	1	-	-
Other Operating Activities	-262	-216	-160	-357	-112
Change in Accounts Receivable	-614	76	-351	227	-195
Change in Inventory	-1	7	-14	11	182
Change in Accounts Payable	-49	-132	281	-79	87
Change in Other Net Operating Assets	-151	87	10	-193	-165
Operating Cash Flow	71	932	603	338	795
Operating Cash Flow Growth	-92.38%	54.56%	78.40%	-57.48%	97.76%
Capital Expenditures	-1,436	-222	-508	-159	-84
Sale of Property, Plant & Equipment	5	-	5	9	2
Cash Acquisitions	47	-	-	-	-
Sale (Purchase) of Intangibles	-	-8	-9	-9	-20
Investment in Securities	-62	-2	28	-61	9
Other Investing Activities	3	-7	-11	20	-8
Investing Cash Flow	-1,443	-239	-494	-200	-100
Short-Term Debt Issued	100	-	-	-	-
Long-Term Debt Issued	900	-	100	100	100
Total Debt Issued	1,000	-	100	100	100
Short-Term Debt Repaid	-	-	-	-	-100
Long-Term Debt Repaid	-118	-21	-167	-229	-153
Total Debt Repaid	-118	-21	-167	-229	-253
Net Debt Issued (Repaid)	882	-21	-67	-129	-153
Repurchase of Common Stock	-3	-24	-49	-59	-
Common Dividends Paid	-105	-90	-75	-76	-50
Other Financing Activities	-56	-30	-31	-36	-38
Financing Cash Flow	718	-165	-222	-300	-241
Miscellaneous Cash Flow Adjustments	1	-1	-	1	-1
Net Cash Flow	-653	527	-113	-161	453
Free Cash Flow	-1,365	710	95	179	711
Free Cash Flow Growth	-	647.37%	-46.93%	-74.82%	590.29%
Free Cash Flow Margin	-13.64%	7.35%	1.10%	2.25%	8.43%
Free Cash Flow Per Share	-415.24	214.94	28.64	53.15	419.39
Cash Interest Paid	12	2	3	4	6
Cash Income Tax Paid	342	223	158	373	113
Levered Free Cash Flow	-1,541	714.5	17.13	47.25	678.13
Unlevered Free Cash Flow	-1,535	715.75	19	49.75	681.88
Change in Working Capital	-815	38	-74	-34	-91

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