Will Group Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	3,139	2,177	4,417	5,146	5,293
Depreciation & Amortization	2,352	2,084	2,285	2,137	2,084
Loss (Gain) From Sale of Assets	-	473	-	-	-
Other Operating Activities	-722	-1,908	-1,562	-2,481	-1,174
Change in Accounts Receivable	-1,258	-591	42	-223	-2,494
Change in Accounts Payable	1,254	-615	1,031	969	580
Change in Other Net Operating Assets	192	186	-2,385	-732	61
Operating Cash Flow	4,957	1,806	3,828	4,816	4,350
Operating Cash Flow Growth	174.47%	-52.82%	-20.52%	10.71%	0.79%
Capital Expenditures	-567	-361	-802	-396	-741
Cash Acquisitions	-815	-	-	-1,757	-
Divestitures	-	-	811	1,009	-
Investment in Securities	253	-299	-	-	-41
Other Investing Activities	-225	265	-584	-617	476
Investing Cash Flow	-1,354	-695	-575	-1,761	-306
Short-Term Debt Issued	-	1,365	-	1,590	1,000
Long-Term Debt Issued	2,460	800	1,500	4,383	1,165
Total Debt Issued	2,460	2,165	1,500	5,973	2,165
Short-Term Debt Repaid	-619	-	-3,245	-	-
Long-Term Debt Repaid	-2,945	-1,566	-2,470	-3,367	-2,965
Total Debt Repaid	-3,564	-1,566	-5,715	-3,367	-2,965
Net Debt Issued (Repaid)	-1,104	599	-4,215	2,606	-800
Common Dividends Paid	-1,016	-1,011	-1,008	-776	-540
Other Financing Activities	-999	-821	-1,009	-4,613	-1,619
Financing Cash Flow	-3,119	-1,233	-6,232	-2,783	-2,959
Foreign Exchange Rate Adjustments	554	-46	494	345	432
Miscellaneous Cash Flow Adjustments	-	-1	1	-	-
Net Cash Flow	1,038	-169	-2,484	617	1,517
Free Cash Flow	4,390	1,445	3,026	4,420	3,609
Free Cash Flow Growth	203.81%	-52.25%	-31.54%	22.47%	-3.17%
Free Cash Flow Margin	2.99%	1.03%	2.19%	3.07%	2.75%
Free Cash Flow Per Share	191.52	63.09	132.39	193.88	158.98
Cash Interest Paid	168	152	120	88	79
Cash Income Tax Paid	594	1,800	1,565	2,409	1,104
Levered Free Cash Flow	6,108	1,672	4,610	2,465	6,050
Unlevered Free Cash Flow	6,225	1,767	4,685	2,520	6,099
Change in Working Capital	188	-1,020	-1,312	14	-1,853

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