TOYO INNOVEX 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 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-359	-370	1,163	1,970	-115
Depreciation & Amortization	841	845	838	864	842
Loss (Gain) From Sale of Assets	5	61	22	-	1
Loss (Gain) From Sale of Investments	-41	-1	-27	-	-
Loss (Gain) on Equity Investments	-78	-4	-67	-19	61
Other Operating Activities	151	-223	-413	-391	-149
Change in Accounts Receivable	-93	1,597	-965	-1,580	1,683
Change in Inventory	-441	-241	-704	-1,241	299
Change in Accounts Payable	-623	-1,024	356	82	678
Change in Other Net Operating Assets	-706	-88	53	-235	478
Operating Cash Flow	-1,344	552	256	-550	3,778
Operating Cash Flow Growth	-	115.63%	-	-	317.92%
Capital Expenditures	-736	-594	-493	-254	-1,174
Sale of Property, Plant & Equipment	-	-	-7	-	-
Sale (Purchase) of Intangibles	-5	-82	-64	-60	-127
Investment in Securities	96	33	-	-	-19
Other Investing Activities	-	-	-1	-1	-1
Investing Cash Flow	-645	-643	-565	-315	-1,321
Short-Term Debt Issued	300	500	400	1,100	-
Long-Term Debt Issued	1,200	-	-	-	1,000
Total Debt Issued	1,500	500	400	1,100	1,000
Short-Term Debt Repaid	-	-	-	-	-900
Long-Term Debt Repaid	-280	-200	-200	-300	-340
Total Debt Repaid	-280	-200	-200	-300	-1,240
Net Debt Issued (Repaid)	1,220	300	200	800	-240
Repurchase of Common Stock	-50	-	-	-	-
Common Dividends Paid	-718	-663	-666	-256	-102
Other Financing Activities	-21	-7	-4	-4	-2
Financing Cash Flow	431	-370	-470	540	-344
Foreign Exchange Rate Adjustments	220	125	137	266	4
Miscellaneous Cash Flow Adjustments	-	1	1	20	11
Net Cash Flow	-1,338	-335	-641	-39	2,128
Free Cash Flow	-2,080	-42	-237	-804	2,604
Free Cash Flow Growth	-	-	-	-	2670.21%
Free Cash Flow Margin	-7.70%	-0.15%	-0.67%	-2.42%	10.47%
Free Cash Flow Per Share	-101.35	-2.05	-11.55	-39.15	126.51
Cash Interest Paid	32	10	7	3	9
Cash Income Tax Paid	141	199	493	412	199
Levered Free Cash Flow	-1,188	445.25	-327.75	-1,099	2,112
Unlevered Free Cash Flow	-1,170	450.25	-324	-1,096	2,118
Change in Working Capital	-1,863	244	-1,260	-2,974	3,138

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.