Toyo Shutter 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	1,210	1,367	813	650	637
Depreciation & Amortization	409	355	360	373	422
Other Operating Activities	-388	-312	-325	-83	-296
Change in Accounts Receivable	640	144	-203	107	473
Change in Inventory	-20	37	-312	-145	-50
Change in Accounts Payable	-2,314	342	246	403	-492
Change in Other Net Operating Assets	303	-391	545	-23	-164
Operating Cash Flow	-160	1,542	1,124	1,282	530
Operating Cash Flow Growth	-	37.19%	-12.32%	141.89%	2.12%
Capital Expenditures	-57	-141	-38	-38	-131
Investment in Securities	-	-	-100	-	-
Other Investing Activities	-9	-6	-3	-6	10
Investing Cash Flow	-66	-146	-141	-42	-123
Short-Term Debt Issued	-	-	-	100	-
Long-Term Debt Issued	2,000	300	-	2,000	845
Total Debt Issued	2,000	300	-	2,100	845
Long-Term Debt Repaid	-2,239	-203	-181	-2,291	-855
Total Debt Repaid	-2,239	-203	-181	-2,291	-855
Net Debt Issued (Repaid)	-239	97	-181	-191	-10
Common Dividends Paid	-195	-113	-94	-94	-176
Other Financing Activities	-238	-161	-173	-245	-262
Financing Cash Flow	-672	-177	-448	-530	-448
Miscellaneous Cash Flow Adjustments	-2	-	-1	-2	-1
Net Cash Flow	-900	1,219	534	708	-42
Free Cash Flow	-217	1,401	1,086	1,244	399
Free Cash Flow Growth	-	29.01%	-12.70%	211.78%	-9.73%
Free Cash Flow Margin	-1.04%	6.52%	5.25%	6.30%	2.02%
Free Cash Flow Per Share	-34.26	221.18	171.43	196.35	62.97
Cash Interest Paid	90	66	60	64	64
Cash Income Tax Paid	391	313	339	120	361
Levered Free Cash Flow	-113.5	1,151	1,131	1,267	303.25
Unlevered Free Cash Flow	-57.25	1,193	1,169	1,307	343.25
Change in Working Capital	-1,391	132	276	342	-233

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