Kitagawa 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	2,330	2,444	252	-647	774
Depreciation & Amortization	3,196	3,539	3,220	3,849	3,801
Loss (Gain) From Sale of Assets	70	248	279	3,825	345
Loss (Gain) From Sale of Investments	-73	-587	-	-44	-
Loss (Gain) on Equity Investments	-299	-43	-196	-122	107
Other Operating Activities	-1,130	-590	-1,058	-773	-369
Change in Accounts Receivable	2,400	2,290	377	-2,312	-2,515
Change in Inventory	-543	-297	181	-1,545	467
Change in Accounts Payable	-916	-2,250	-231	2,237	229
Change in Other Net Operating Assets	1,117	126	-17	-969	266
Operating Cash Flow	6,152	4,880	2,807	3,499	3,105
Operating Cash Flow Growth	26.07%	73.85%	-19.78%	12.69%	-58.85%
Capital Expenditures	-3,209	-2,947	-2,978	-4,644	-3,583
Sale of Property, Plant & Equipment	296	316	-	-	-
Cash Acquisitions	-	-1,140	-	-	-
Investment in Securities	74	726	-10	-6	-7
Other Investing Activities	-89	-109	119	-115	213
Investing Cash Flow	-2,728	-3,080	-2,802	-4,702	-3,301
Short-Term Debt Issued	-	-	884	-	272
Long-Term Debt Issued	1,800	3,741	400	1,886	2,851
Total Debt Issued	1,800	3,741	1,284	1,886	3,123
Short-Term Debt Repaid	-572	-381	-	-1,235	-
Long-Term Debt Repaid	-3,417	-2,635	-1,208	-847	-1,469
Total Debt Repaid	-3,989	-3,016	-1,208	-2,082	-1,469
Net Debt Issued (Repaid)	-2,189	725	76	-196	1,654
Repurchase of Common Stock	-1	-1	-200	-1	-1
Common Dividends Paid	-600	-	-510	-421	-468
Other Financing Activities	-45	-432	-52	-57	-89
Financing Cash Flow	-2,835	292	-686	-675	1,096
Foreign Exchange Rate Adjustments	253	125	228	130	-13
Miscellaneous Cash Flow Adjustments	-1	1	1	-	-
Net Cash Flow	841	2,218	-452	-1,748	887
Free Cash Flow	2,943	1,933	-171	-1,145	-478
Free Cash Flow Growth	52.25%	-	-	-	-
Free Cash Flow Margin	5.14%	3.14%	-0.29%	-1.95%	-0.98%
Free Cash Flow Per Share	318.64	209.40	-18.48	-122.32	-51.06
Cash Interest Paid	384	307	152	93	83
Cash Income Tax Paid	1,216	578	1,051	803	372
Levered Free Cash Flow	4,767	1,228	206.63	-1,902	-1,133
Unlevered Free Cash Flow	5,005	1,421	307.25	-1,843	-1,082
Change in Working Capital	2,058	-131	310	-2,589	-1,553

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