PIOLAX 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	3,402	5,582	4,756	5,594	5,446
Depreciation & Amortization	4,353	3,871	3,586	3,291	3,565
Loss (Gain) From Sale of Assets	15	88	161	202	71
Loss (Gain) From Sale of Investments	-3	-109	-5	-	-243
Loss (Gain) on Equity Investments	-316	-557	-688	-769	-751
Other Operating Activities	-1,694	-742	-1,206	-1,766	-680
Change in Accounts Receivable	2,000	-80	-826	1,789	-610
Change in Inventory	355	-114	212	-1,878	415
Change in Accounts Payable	-255	206	-347	-109	182
Change in Other Net Operating Assets	267	220	425	87	-52
Operating Cash Flow	8,124	8,365	6,068	6,441	7,343
Operating Cash Flow Growth	-2.88%	37.85%	-5.79%	-12.28%	-14.45%
Capital Expenditures	-4,552	-7,349	-4,251	-2,551	-2,529
Sale of Property, Plant & Equipment	218	404	155	8	56
Sale (Purchase) of Intangibles	-208	-184	-108	-138	-62
Investment in Securities	7,889	-1,534	-730	-1,078	-29
Other Investing Activities	-7	90	-67	-102	-16
Investing Cash Flow	3,340	-8,573	-5,001	-3,861	-2,580
Short-Term Debt Issued	-	-	-	-	1,500
Total Debt Issued	-	-	-	-	1,500
Short-Term Debt Repaid	-	-	-	-1,500	-
Total Debt Repaid	-	-	-	-1,500	-
Net Debt Issued (Repaid)	-	-	-	-1,500	1,500
Issuance of Common Stock	77	209	7	-	17
Repurchase of Common Stock	-2,565	-210	-	-1,500	-
Common Dividends Paid	-3,472	-4,456	-2,313	-1,719	-1,176
Other Financing Activities	-509	-238	-137	33	-41
Financing Cash Flow	-6,469	-4,695	-2,443	-4,686	300
Foreign Exchange Rate Adjustments	490	584	520	870	-149
Miscellaneous Cash Flow Adjustments	1	1	-	-	-
Net Cash Flow	5,486	-4,318	-856	-1,236	4,914
Free Cash Flow	3,572	1,016	1,817	3,890	4,814
Free Cash Flow Growth	251.58%	-44.08%	-53.29%	-19.19%	2.73%
Free Cash Flow Margin	5.64%	1.57%	3.11%	7.05%	9.60%
Free Cash Flow Per Share	104.95	29.84	53.38	112.08	137.89
Cash Interest Paid	14	13	19	8	14
Cash Income Tax Paid	1,806	811	1,254	1,850	1,024
Levered Free Cash Flow	4,942	-1,342	-683.13	2,089	4,293
Unlevered Free Cash Flow	4,951	-1,334	-671.25	2,094	4,302
Change in Working Capital	2,367	232	-536	-111	-65

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