Recruit Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	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	578,594	496,912	408,504	353,654	269,799	296,833
Depreciation & Amortization	66,530	65,625	69,849	77,064	82,800	81,701
Other Amortization	41,452	41,452	39,388	40,417	39,244	41,468
Stock-Based Compensation	60,731	63,839	80,429	79,368	72,706	32,446
Other Operating Activities	20,411	12,137	9,014	-20,486	-40,812	-38,877
Change in Accounts Receivable	-35,235	-46,474	-15,784	10,459	-43,117	-75,034
Change in Accounts Payable	18,067	35,940	18,963	-5,114	57,573	33,898
Change in Other Net Operating Assets	-	-	-	-	-	67,175
Operating Cash Flow	750,550	669,431	610,363	535,362	438,193	439,610
Operating Cash Flow Growth	24.01%	9.68%	14.01%	22.18%	-0.32%	53.39%
Capital Expenditures	-9,540	-10,702	-7,951	-11,137	-22,025	-13,133
Sale (Purchase) of Intangibles	-50,872	-51,589	-57,306	-58,792	-54,731	-51,252
Investment in Securities	19,371	1,176	10,348	3,888	39,531	-
Other Investing Activities	-503	11,373	-6,145	-2,748	4,549	-6,353
Investing Cash Flow	-41,544	-49,742	-61,054	-68,789	-32,676	-70,738
Long-Term Debt Repaid	-	-47,174	-44,547	-79,714	-70,277	-97,913
Total Debt Repaid	-47,737	-47,174	-44,547	-79,714	-70,277	-97,913
Net Debt Issued (Repaid)	-47,737	-47,174	-44,547	-79,714	-70,277	-97,913
Repurchase of Common Stock	-407,145	-678,754	-824,465	-218,928	-152,454	-124,568
Common Dividends Paid	-35,209	-35,351	-35,644	-35,374	-34,638	-34,317
Other Financing Activities	24,595	17,801	24,176	-632	5,309	2,427
Financing Cash Flow	-465,496	-743,478	-880,480	-334,648	-252,060	-254,371
Foreign Exchange Rate Adjustments	99,814	40,742	2,938	127,563	54,362	54,007
Miscellaneous Cash Flow Adjustments	2	1	-	-	-1	-
Net Cash Flow	343,326	-83,046	-328,233	259,488	207,818	168,508
Free Cash Flow	741,010	658,729	602,412	524,225	416,168	426,477
Free Cash Flow Growth	24.30%	9.35%	14.92%	25.96%	-2.42%	56.46%
Free Cash Flow Margin	19.18%	17.82%	16.93%	15.34%	12.13%	14.85%
Free Cash Flow Per Share	523.02	460.78	395.68	330.41	258.28	259.81
Levered Free Cash Flow	493,669	426,119	453,617	356,536	363,713	369,887
Unlevered Free Cash Flow	500,238	432,694	460,258	375,822	366,798	372,590
Cash Interest Paid	5,954	6,005	5,362	5,364	4,091	3,732
Cash Income Tax Paid	123,638	123,084	113,800	150,024	109,450	123,221
Change in Working Capital	-17,168	-10,534	3,179	5,345	14,456	26,039