Value HR Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,133	1,459	1,318	923	704
Depreciation & Amortization	383	349	313	290	185
Loss (Gain) From Sale of Assets	-	-	-	38	18
Loss (Gain) From Sale of Investments	-31	-74	-48	-	-
Other Operating Activities	-555	-473	-303	-229	-288
Change in Accounts Receivable	29	-76	25	-184	-64
Change in Inventory	15	-19	18	-23	-4
Change in Accounts Payable	128	156	22	29	-49
Change in Other Net Operating Assets	918	24	519	300	80
Operating Cash Flow	2,020	1,346	1,864	1,144	582
Operating Cash Flow Growth	50.07%	-27.79%	62.94%	96.56%	-52.80%
Capital Expenditures	-152	-72	-91	-415	-1,258
Cash Acquisitions	-	-	-	-	-13
Sale (Purchase) of Intangibles	-387	-302	-216	-144	-132
Investment in Securities	-159	190	-772	-87	131
Other Investing Activities	-15	5	-40	74	6
Investing Cash Flow	-713	-179	-1,119	-472	-1,366
Short-Term Debt Issued	-	-	-	-	40
Long-Term Debt Issued	-	-	-	400	1,412
Total Debt Issued	-	-	-	400	1,452
Short-Term Debt Repaid	-	-	-	-40	-
Long-Term Debt Repaid	-507	-507	-507	-459	-138
Total Debt Repaid	-507	-507	-507	-499	-138
Net Debt Issued (Repaid)	-507	-507	-507	-99	1,314
Issuance of Common Stock	1,122	920	212	2,028	113
Repurchase of Common Stock	-1,149	-704	-277	-	-84
Common Dividends Paid	-643	-564	-434	-221	-207
Other Financing Activities	-41	-39	-5	-6	2
Financing Cash Flow	-1,218	-894	-1,011	1,702	1,138
Miscellaneous Cash Flow Adjustments	-1	-1	-1	1	-
Net Cash Flow	88	272	-267	2,375	354
Free Cash Flow	1,868	1,274	1,773	729	-676
Free Cash Flow Growth	46.63%	-28.14%	143.21%	-	-
Free Cash Flow Margin	22.30%	17.94%	28.74%	13.19%	-15.05%
Free Cash Flow Per Share	69.74	48.59	67.42	30.19	-28.18
Cash Interest Paid	39	33	37	41	39
Cash Income Tax Paid	571	489	316	242	317
Levered Free Cash Flow	1,135	1,070	1,236	310.63	-720.13
Unlevered Free Cash Flow	1,160	1,090	1,259	336.25	-695.75
Change in Working Capital	1,090	85	584	122	-37

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