Daiwa Cycle Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Net Income	1,361	791	-	-
Depreciation & Amortization	166	147	-	-
Loss (Gain) From Sale of Assets	24	13	-	-
Other Operating Activities	-322	-246	-	-
Change in Accounts Receivable	-67	-107	-	-
Change in Inventory	-360	-202	-	-
Change in Accounts Payable	130	120	-	-
Change in Other Net Operating Assets	221	171	-	-
Operating Cash Flow	1,153	687	-	-
Operating Cash Flow Growth	67.83%	-	-	-
Capital Expenditures	-291	-265	-	-
Sale (Purchase) of Intangibles	-5	-42	-	-
Other Investing Activities	-198	-228	-	-
Investing Cash Flow	-494	-535	-	-
Short-Term Debt Issued	200	800	-	-
Total Debt Issued	200	800	-	-
Short-Term Debt Repaid	-200	-800	-	-
Total Debt Repaid	-200	-800	-	-
Issuance of Common Stock	11	1,067	-	-
Common Dividends Paid	-133	-41	-	-
Financing Cash Flow	-122	1,026	-	-
Foreign Exchange Rate Adjustments	-	2	-	-
Miscellaneous Cash Flow Adjustments	-1	1	-	-
Net Cash Flow	536	1,181	-	-
Free Cash Flow	862	422	-	-
Free Cash Flow Growth	104.27%	-	-	-
Free Cash Flow Margin	4.70%	2.75%	-	-
Free Cash Flow Per Share	307.68	190.41	-	-
Cash Income Tax Paid	327	249	-	-
Levered Free Cash Flow	740	309.13	-	-
Unlevered Free Cash Flow	740	309.13	-	-
Change in Working Capital	-76	-18	-	-

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