Toyo Shutter Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	2016 - 2020
Net Income	1,154	1,210	1,367	813	650	637	Upgrade
Depreciation & Amortization	419	409	355	360	373	422	Upgrade
Other Operating Activities	-465	-388	-312	-325	-83	-296	Upgrade
Change in Accounts Receivable	199	640	144	-203	107	473	Upgrade
Change in Inventory	107	-20	37	-312	-145	-50	Upgrade
Change in Accounts Payable	-1,275	-2,314	342	246	403	-492	Upgrade
Change in Other Net Operating Assets	237	303	-391	545	-23	-164	Upgrade
Operating Cash Flow	376	-160	1,542	1,124	1,282	530	Upgrade
Operating Cash Flow Growth	98.94%	-	37.19%	-12.32%	141.89%	2.12%	Upgrade
Capital Expenditures	-48	-57	-141	-38	-38	-131	Upgrade
Investment in Securities	-	-	-	-100	-	-	Upgrade
Other Investing Activities	-6	-9	-6	-3	-6	10	Upgrade
Investing Cash Flow	-55	-66	-146	-141	-42	-123	Upgrade
Short-Term Debt Issued	-	-	-	-	100	-	Upgrade
Long-Term Debt Issued	-	2,000	300	-	2,000	845	Upgrade
Total Debt Issued	2,000	2,000	300	-	2,100	845	Upgrade
Long-Term Debt Repaid	-	-2,239	-203	-181	-2,291	-855	Upgrade
Total Debt Repaid	-2,212	-2,239	-203	-181	-2,291	-855	Upgrade
Net Debt Issued (Repaid)	-212	-239	97	-181	-191	-10	Upgrade
Common Dividends Paid	-238	-195	-113	-94	-94	-176	Upgrade
Other Financing Activities	-285	-238	-161	-173	-245	-262	Upgrade
Financing Cash Flow	-735	-672	-177	-448	-530	-448	Upgrade
Miscellaneous Cash Flow Adjustments	-3	-2	-	-1	-2	-1	Upgrade
Net Cash Flow	-417	-900	1,219	534	708	-42	Upgrade
Free Cash Flow	328	-217	1,401	1,086	1,244	399	Upgrade
Free Cash Flow Growth	763.16%	-	29.01%	-12.70%	211.78%	-9.73%	Upgrade
Free Cash Flow Margin	1.54%	-1.04%	6.52%	5.25%	6.30%	2.02%	Upgrade
Free Cash Flow Per Share	51.79	-34.26	221.18	171.43	196.35	62.97	Upgrade
Cash Interest Paid	101	90	66	60	64	64	Upgrade
Cash Income Tax Paid	470	391	313	339	120	361	Upgrade
Levered Free Cash Flow	197.25	-113.5	1,151	1,131	1,267	303.25	Upgrade
Unlevered Free Cash Flow	260.38	-57.25	1,193	1,169	1,307	343.25	Upgrade
Change in Working Capital	-732	-1,391	132	276	342	-233	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.