Daiwa Cycle Cash Flow Statement

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

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Net Income	1,434	1,361	791	-	-
Depreciation & Amortization	190	166	147	-	-
Loss (Gain) From Sale of Assets	2	24	13	-	-
Other Operating Activities	-588	-322	-246	-	-
Change in Accounts Receivable	-163	-67	-107	-	-
Change in Inventory	-465	-360	-202	-	-
Change in Accounts Payable	61	130	120	-	-
Change in Other Net Operating Assets	261	221	171	-	-
Operating Cash Flow	732	1,153	687	-	-
Operating Cash Flow Growth	-36.51%	67.83%	-	-	-
Capital Expenditures	-477	-291	-265	-	-
Sale (Purchase) of Intangibles	-6	-5	-42	-	-
Investment in Securities	-500	-	-	-	-
Other Investing Activities	-283	-198	-228	-	-
Investing Cash Flow	-1,266	-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	13	11	1,067	-	-
Common Dividends Paid	-181	-133	-41	-	-
Other Financing Activities	1	-	-	-	-
Financing Cash Flow	-167	-122	1,026	-	-
Foreign Exchange Rate Adjustments	-	-	2	-	-
Miscellaneous Cash Flow Adjustments	-1	-1	1	-	-
Net Cash Flow	-702	536	1,181	-	-
Free Cash Flow	255	862	422	-	-
Free Cash Flow Growth	-70.42%	104.27%	-	-	-
Free Cash Flow Margin	1.21%	4.70%	2.75%	-	-
Free Cash Flow Per Share	90.64	307.68	190.41	-	-
Cash Income Tax Paid	592	327	249	-	-
Levered Free Cash Flow	125	740	309.13	-	-
Unlevered Free Cash Flow	125	740	309.13	-	-
Change in Working Capital	-306	-76	-18	-	-