Estic Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 20, 2025	Mar '24 Mar 20, 2024	Mar '23 Mar 20, 2023	Mar '22 Mar 20, 2022	Mar '21 Mar 20, 2021
Net Income	1,723	1,555	1,531	1,197	1,072
Depreciation & Amortization	186	150	116	117	147
Loss (Gain) From Sale of Assets	-	-4	2	-	-
Loss (Gain) on Equity Investments	-66	-56	-36	-27	-5
Other Operating Activities	-230	-566	-448	-386	-337
Change in Accounts Receivable	190	-101	-543	51	321
Change in Inventory	158	-511	-251	168	-100
Change in Accounts Payable	7	-44	188	122	-199
Change in Other Net Operating Assets	91	-47	61	15	82
Operating Cash Flow	2,059	376	620	1,257	981
Operating Cash Flow Growth	447.61%	-39.36%	-50.68%	28.13%	-15.14%
Capital Expenditures	-72	-695	-249	-300	-25
Sale of Property, Plant & Equipment	-	5	4	-	-
Sale (Purchase) of Intangibles	-9	-7	-11	-12	-20
Investment in Securities	-2	-2	-3	-5	35
Other Investing Activities	-4	-146	-	-	1
Investing Cash Flow	-87	-845	-259	-317	-9
Common Dividends Paid	-248	-228	-168	-151	-240
Other Financing Activities	-31	-16	-5	-3	-3
Financing Cash Flow	-279	-244	-173	-154	-243
Foreign Exchange Rate Adjustments	95	38	29	33	-21
Miscellaneous Cash Flow Adjustments	-1	1	-1	-1	-2
Net Cash Flow	1,787	-674	216	818	706
Free Cash Flow	1,987	-319	371	957	956
Free Cash Flow Growth	-	-	-61.23%	0.10%	61.21%
Free Cash Flow Margin	25.21%	-4.48%	5.52%	16.63%	18.06%
Free Cash Flow Per Share	199.62	-32.08	37.35	96.45	96.41
Cash Income Tax Paid	318	598	453	397	337
Levered Free Cash Flow	1,707	-667.75	186.5	795.63	805
Unlevered Free Cash Flow	1,707	-667.75	186.5	795.63	805
Change in Working Capital	446	-703	-545	356	104

Updated Dec 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.