Howa Machinery 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	971	1,206	-868	627	1,299	946
Depreciation & Amortization	561	481	596	506	431	455
Loss (Gain) From Sale of Assets	142	207	1,335	-3	-2	-12
Loss (Gain) From Sale of Investments	-	-	1	-	4	-79
Other Operating Activities	-472	-63	-81	-92	-38	229
Change in Accounts Receivable	-279	-2,961	-560	-329	1,128	-1,221
Change in Inventory	2,580	1,296	-880	-266	-843	391
Change in Accounts Payable	-412	-183	20	18	350	-709
Change in Other Net Operating Assets	238	72	-634	-967	720	-1,270
Operating Cash Flow	3,329	55	-1,071	-506	3,049	-1,270
Operating Cash Flow Growth	419.35%	-	-	-	-	-
Capital Expenditures	-1,628	-2,375	-1,134	-561	-300	-580
Sale of Property, Plant & Equipment	4	4	8	56	154	17
Sale (Purchase) of Intangibles	-14	-28	-29	-74	-364	-173
Investment in Securities	-229	-140	263	-13	-29	81
Other Investing Activities	16	-3	21	-4	-5	-5
Investing Cash Flow	-1,851	-2,554	-871	-608	-544	-635
Short-Term Debt Issued	-	1,300	450	500	-	1,000
Long-Term Debt Issued	-	1,448	3,200	500	600	1,799
Total Debt Issued	2,098	2,748	3,650	1,000	600	2,799
Short-Term Debt Repaid	-	-	-	-	-1,000	-
Long-Term Debt Repaid	-	-1,010	-912	-732	-659	-676
Total Debt Repaid	-2,587	-1,010	-912	-732	-1,659	-676
Net Debt Issued (Repaid)	-489	1,738	2,738	268	-1,059	2,123
Issuance of Common Stock	10	148	-	-	-	-
Repurchase of Common Stock	-	-137	1	10	-288	10
Common Dividends Paid	-244	-241	-241	-240	-248	-247
Other Financing Activities	-14	-15	-15	-16	-13	-5
Financing Cash Flow	-737	1,493	2,483	22	-1,608	1,881
Foreign Exchange Rate Adjustments	-22	31	20	-2	36	7
Miscellaneous Cash Flow Adjustments	-	1	-	-1	-1	-1
Net Cash Flow	719	-974	561	-1,095	932	-18
Free Cash Flow	1,701	-2,320	-2,205	-1,067	2,749	-1,850
Free Cash Flow Margin	6.57%	-9.35%	-11.14%	-5.41%	13.96%	-9.86%
Free Cash Flow Per Share	141.01	-192.41	-182.93	-88.60	222.70	-149.27
Cash Interest Paid	52	40	17	11	11	12
Cash Income Tax Paid	473	66	77	143	201	94
Levered Free Cash Flow	1,351	-2,469	-2,443	-1,247	2,131	-2,661
Unlevered Free Cash Flow	1,382	-2,446	-2,433	-1,240	2,138	-2,654
Change in Working Capital	2,127	-1,776	-2,054	-1,544	1,355	-2,809

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