TOWA Corporation 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	11,208	9,115	10,183	11,695	3,814
Depreciation & Amortization	2,822	2,686	2,614	1,963	1,629
Loss (Gain) From Sale of Investments	-1,306	-	-	-	-
Other Operating Activities	-3,631	-1,998	-4,031	-1,686	-551
Change in Accounts Receivable	2,844	-1,476	-3,918	527	-678
Change in Inventory	21	96	3,373	-8,494	-2,190
Change in Accounts Payable	-1,300	1,193	-5,356	1,417	3,078
Change in Other Net Operating Assets	-286	49	-34	981	209
Operating Cash Flow	10,372	9,665	2,831	6,403	5,311
Operating Cash Flow Growth	7.32%	241.40%	-55.79%	20.56%	-16.39%
Capital Expenditures	-5,044	-1,667	-2,731	-5,271	-2,691
Sale of Property, Plant & Equipment	11	35	14	1	43
Cash Acquisitions	-	-	-	-1,727	-
Investment in Securities	891	-182	42	435	-191
Other Investing Activities	-616	-959	-71	-38	71
Investing Cash Flow	-4,758	-2,773	-2,746	-6,600	-2,768
Short-Term Debt Issued	-	-	4,100	3,800	-
Long-Term Debt Issued	-	100	3,000	-	1,500
Total Debt Issued	-	100	7,100	3,800	1,500
Short-Term Debt Repaid	-2,400	-	-	-	-2,300
Long-Term Debt Repaid	-1,560	-1,930	-1,730	-1,340	-1,137
Total Debt Repaid	-3,960	-1,930	-1,730	-1,340	-3,437
Net Debt Issued (Repaid)	-3,960	-1,830	5,370	2,460	-1,937
Repurchase of Common Stock	-2	-101	-	-1	-
Common Dividends Paid	-1,001	-1,000	-1,250	-400	-400
Other Financing Activities	-163	-593	-158	-134	97
Financing Cash Flow	-5,126	-3,524	3,962	1,925	-2,240
Foreign Exchange Rate Adjustments	-615	719	132	253	142
Miscellaneous Cash Flow Adjustments	1	-1	1	1	-1
Net Cash Flow	-126	4,086	4,180	1,982	444
Free Cash Flow	5,328	7,998	100	1,132	2,620
Free Cash Flow Growth	-33.38%	7898.00%	-91.17%	-56.79%	-32.65%
Free Cash Flow Margin	9.96%	15.85%	0.19%	2.23%	8.82%
Free Cash Flow Per Share	71.04	106.61	1.33	15.09	34.92
Cash Interest Paid	92	73	69	53	53
Cash Income Tax Paid	3,632	1,828	4,031	1,688	552
Levered Free Cash Flow	4,453	6,706	-1,977	-1,665	2,564
Unlevered Free Cash Flow	4,510	6,750	-1,933	-1,633	2,598
Change in Working Capital	1,279	-138	-5,935	-5,569	419

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