Integral Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	18,893	9,264	25,985	10,919	-	-
Depreciation & Amortization	358	355	205	185	-	-
Other Operating Activities	-3,731	-6,969	-2,315	-428	-	-
Change in Accounts Receivable	-7,484	9,877	-9,640	119	-	-
Change in Accounts Payable	787	86	56	258	-	-
Change in Other Net Operating Assets	-5,797	-13,993	-8,473	-5,427	-	-
Operating Cash Flow	3,026	-1,380	5,818	5,626	-	-
Operating Cash Flow Growth	-48.37%	-	3.41%	-	-	-
Capital Expenditures	-36	-84	-11	-5	-	-
Other Investing Activities	-	-	-91	-	-	-
Investing Cash Flow	-36	-84	-102	-5	-	-
Long-Term Debt Issued	-	2,800	2,255	2,550	-	-
Long-Term Debt Repaid	-	-2,701	-4,280	-4,200	-	-
Net Debt Issued (Repaid)	6,379	99	-2,025	-1,650	-	-
Issuance of Common Stock	32	38	52	12,783	-	-
Common Dividends Paid	-1,256	-1,317	-398	-	-	-
Other Financing Activities	-224	-214	-130	-141	-	-
Financing Cash Flow	4,931	-1,394	-2,501	10,992	-	-
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-	-
Net Cash Flow	7,921	-2,859	3,214	16,613	-	-
Free Cash Flow	2,990	-1,464	5,807	5,621	-	-
Free Cash Flow Growth	-48.46%	-	3.31%	-	-	-
Free Cash Flow Margin	12.50%	-10.73%	18.60%	39.93%	-	-
Free Cash Flow Per Share	84.17	-41.53	163.78	181.02	-	-
Cash Interest Paid	38	138	63	93	-	-
Cash Income Tax Paid	3,794	6,972	2,284	417	-	-
Levered Free Cash Flow	6,672	11,857	9,896	8,422	-	-
Unlevered Free Cash Flow	6,857	12,027	10,055	8,473	-	-
Change in Working Capital	-12,494	-4,030	-18,057	-5,050	-	-

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