M&A Capital Partners Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	Sep '20 Sep 30, 2020	2016 - 2020
Net Income	9,126	6,469	7,470	9,766	6,588	5,050	Upgrade
Depreciation & Amortization	586	599	541	371	327	314	Upgrade
Loss (Gain) From Sale of Assets	-	-	4	8	2	-	Upgrade
Other Operating Activities	-2,268	-3,344	-3,947	-2,697	-1,662	-2,632	Upgrade
Change in Accounts Receivable	-47	-944	582	-563	-47	412	Upgrade
Change in Accounts Payable	711	720	-341	655	313	234	Upgrade
Change in Other Net Operating Assets	429	344	432	965	493	103	Upgrade
Operating Cash Flow	8,537	3,844	4,741	8,505	6,014	3,481	Upgrade
Operating Cash Flow Growth	5011.98%	-18.92%	-44.26%	41.42%	72.77%	-40.21%	Upgrade
Capital Expenditures	-47	-64	-1,218	-45	-44	-63	Upgrade
Sale of Property, Plant & Equipment	-	-	2	-	-	-	Upgrade
Cash Acquisitions	-	-	-	-9	-	-	Upgrade
Sale (Purchase) of Intangibles	-28	-27	-59	-39	-24	-9	Upgrade
Investment in Securities	-2,585	-2,585	-	-	-	-	Upgrade
Other Investing Activities	-16	-4	-48	2	-845	1	Upgrade
Investing Cash Flow	-2,676	-2,680	-1,323	-91	-913	-71	Upgrade
Short-Term Debt Repaid	-	-	-	-30	-	-	Upgrade
Total Debt Repaid	-	-	-	-30	-	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	-30	-	-	Upgrade
Issuance of Common Stock	131	-	168	17	798	-	Upgrade
Dividends Paid	-1,269	-1,269	-	-	-	-	Upgrade
Other Financing Activities	-3	-1	-	1	-	-	Upgrade
Financing Cash Flow	-1,141	-1,270	168	-12	798	-	Upgrade
Foreign Exchange Rate Adjustments	-1	-1	-	6	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	-	-2	-	-2	Upgrade
Net Cash Flow	4,718	-108	3,586	8,406	5,899	3,408	Upgrade
Free Cash Flow	8,490	3,780	3,523	8,460	5,970	3,418	Upgrade
Free Cash Flow Growth	5597.99%	7.29%	-58.36%	41.71%	74.66%	-40.98%	Upgrade
Free Cash Flow Margin	36.30%	19.72%	16.90%	40.86%	39.38%	28.79%	Upgrade
Free Cash Flow Per Share	263.54	117.38	108.71	260.14	183.11	105.42	Upgrade
Cash Income Tax Paid	2,268	3,343	3,948	2,700	1,664	2,636	Upgrade
Levered Free Cash Flow	8,342	3,840	3,256	7,500	5,711	3,247	Upgrade
Unlevered Free Cash Flow	8,342	3,840	3,256	7,500	5,711	3,247	Upgrade
Change in Net Working Capital	-2,241	652	664	-1,142	-1,344	153	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.