RIDE ON EXPRESS HOLDINGS 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
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
Net Income	859	633	726	949	1,951	2,318
Depreciation & Amortization	275	280	318	375	342	286
Loss (Gain) From Sale of Assets	51	56	296	153	50	88
Loss (Gain) From Sale of Investments	121	83	13	10	-55	-82
Loss (Gain) on Equity Investments	2	2	-	-	-	-
Other Operating Activities	-266	-269	-430	-559	-1,006	-544
Change in Accounts Receivable	-13	-63	-22	116	-67	-154
Change in Inventory	-109	-65	402	-400	-17	28
Change in Accounts Payable	-53	-223	25	-34	-107	352
Change in Other Net Operating Assets	-82	157	25	135	123	68
Operating Cash Flow	785	591	1,353	745	1,214	2,360
Operating Cash Flow Growth	-2.12%	-56.32%	81.61%	-38.63%	-48.56%	37.93%
Capital Expenditures	-322	-307	-187	-345	-502	-255
Sale of Property, Plant & Equipment	39	50	39	11	3	35
Sale (Purchase) of Intangibles	-106	-87	-94	-64	-151	-144
Investment in Securities	-736	-348	118	-21	-41	52
Other Investing Activities	14	5	-3	992	-23	-18
Investing Cash Flow	-1,181	-747	-127	573	-714	-330
Long-Term Debt Issued	-	-	-	3,000	-	-
Long-Term Debt Repaid	-	-625	-604	-513	-440	-440
Net Debt Issued (Repaid)	1,352	-625	-604	2,487	-440	-440
Issuance of Common Stock	-	-	-	-	-	24
Repurchase of Common Stock	-	-	-	-500	-999	-
Common Dividends Paid	-146	-145	-291	-303	-320	-210
Other Financing Activities	-	-	-1	-	-2	-
Financing Cash Flow	1,206	-770	-896	1,684	-1,761	-626
Foreign Exchange Rate Adjustments	-	-	-	5	4	1
Miscellaneous Cash Flow Adjustments	-2	-1	-1	1	1	-
Net Cash Flow	808	-927	329	3,008	-1,256	1,405
Free Cash Flow	463	284	1,166	400	712	2,105
Free Cash Flow Growth	-21.39%	-75.64%	191.50%	-43.82%	-66.18%	60.44%
Free Cash Flow Margin	1.96%	1.21%	4.86%	1.58%	2.77%	8.29%
Free Cash Flow Per Share	47.34	29.07	119.63	40.76	68.13	196.85
Cash Interest Paid	11	7	9	4	1	2
Cash Income Tax Paid	307	307	431	558	1,006	545
Levered Free Cash Flow	219.25	106.75	1,007	411	381.38	1,690
Unlevered Free Cash Flow	226.13	111.13	1,013	412.88	382	1,692
Change in Working Capital	-257	-194	430	-183	-68	294

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