Rinnai 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	49,886	45,921	44,565	39,060	43,846
Depreciation & Amortization	15,141	14,790	13,278	11,794	11,413
Loss (Gain) From Sale of Investments	-	-	-	-	-1,445
Other Operating Activities	-11,112	-11,988	-9,968	-12,832	-8,699
Change in Accounts Receivable	2,657	-12,296	-2,774	5,672	-8,506
Change in Inventory	6,692	15,928	-24,054	-18,124	1,086
Change in Accounts Payable	-5,466	-11,693	2,953	612	6,248
Change in Other Net Operating Assets	-296	2,685	-4,613	2,514	5,548
Operating Cash Flow	57,502	43,347	19,387	28,696	49,491
Operating Cash Flow Growth	32.66%	123.59%	-32.44%	-42.02%	31.30%
Capital Expenditures	-16,843	-36,747	-25,950	-20,227	-12,609
Cash Acquisitions	-3,452	-	-	-	-
Sale (Purchase) of Intangibles	-558	-613	-759	-612	-672
Investment in Securities	-1,488	18,186	-3,101	-4,552	-2,411
Other Investing Activities	-344	-794	-277	-95	-128
Investing Cash Flow	-22,685	-19,968	-30,087	-25,486	-15,820
Repurchase of Common Stock	-10,011	-10,158	-10,070	-17,434	-
Common Dividends Paid	-9,935	-8,439	-7,146	-7,080	-5,395
Other Financing Activities	-6,557	-5,067	-4,097	-2,595	-1,874
Financing Cash Flow	-26,503	-23,664	-21,313	-27,109	-7,269
Foreign Exchange Rate Adjustments	4,157	3,902	3,937	4,967	-15
Miscellaneous Cash Flow Adjustments	-1	-1	316	380	-2
Net Cash Flow	12,470	3,616	-27,760	-18,552	26,385
Free Cash Flow	40,659	6,600	-6,563	8,469	36,882
Free Cash Flow Growth	516.04%	-	-	-77.04%	31.95%
Free Cash Flow Margin	8.83%	1.53%	-1.54%	2.31%	10.71%
Free Cash Flow Per Share	287.11	45.73	-44.49	55.91	239.19
Cash Interest Paid	105	73	79	65	50
Cash Income Tax Paid	11,114	11,867	9,458	12,691	8,516
Levered Free Cash Flow	28,039	-7,073	-17,953	1,344	30,504
Unlevered Free Cash Flow	28,099	-7,023	-17,908	1,384	30,535
Change in Working Capital	3,587	-5,376	-28,488	-9,326	4,376

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