RAIZNEXT 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	11,485	10,477	11,408	11,316	10,649
Depreciation & Amortization	1,253	993	804	785	792
Loss (Gain) From Sale of Assets	37	-225	-3	6	11
Loss (Gain) From Sale of Investments	-428	-81	-64	116	5
Other Operating Activities	-3,159	-3,512	-4,443	-1,049	-4,226
Change in Accounts Receivable	-12,945	1,053	-6,656	1,704	-4,311
Change in Inventory	262	311	178	45	4,400
Change in Accounts Payable	888	-5,183	8,570	-1,807	-65
Change in Other Net Operating Assets	2,500	-268	275	41	1,336
Operating Cash Flow	-107	3,565	10,069	11,157	8,591
Operating Cash Flow Growth	-	-64.59%	-9.75%	29.87%	-
Capital Expenditures	-3,453	-2,548	-1,910	-2,949	-1,070
Sale of Property, Plant & Equipment	686	575	9	1	8
Divestitures	-	-	-	382	-
Investment in Securities	741	175	106	113	42
Other Investing Activities	-278	60	-85	228	-82
Investing Cash Flow	-2,304	-1,738	-1,880	-2,225	-1,101
Short-Term Debt Issued	1,500	-	-	170	-
Total Debt Issued	1,500	-	-	170	-
Short-Term Debt Repaid	-	-	-	-	-4,231
Long-Term Debt Repaid	-	-9	-9	-9	-20
Total Debt Repaid	-	-9	-9	-9	-4,251
Net Debt Issued (Repaid)	1,500	-9	-9	161	-4,251
Repurchase of Common Stock	-	-1,791	-100	-	-
Common Dividends Paid	-7,650	-5,343	-3,140	-2,978	-2,871
Other Financing Activities	-340	-38	-32	-32	-48
Financing Cash Flow	-6,490	-7,181	-3,281	-2,849	-7,170
Foreign Exchange Rate Adjustments	31	41	16	66	-1
Miscellaneous Cash Flow Adjustments	-	1	-1	-1	-2
Net Cash Flow	-8,870	-5,312	4,923	6,148	317
Free Cash Flow	-3,560	1,017	8,159	8,208	7,521
Free Cash Flow Growth	-	-87.53%	-0.60%	9.13%	-
Free Cash Flow Margin	-2.26%	0.73%	5.83%	6.32%	5.15%
Free Cash Flow Per Share	-66.31	18.83	150.64	151.53	138.85
Cash Interest Paid	29	10	5	23	78
Cash Income Tax Paid	3,162	3,512	4,447	1,051	4,227
Levered Free Cash Flow	-6,045	1,269	7,236	7,896	4,707
Unlevered Free Cash Flow	-6,027	1,275	7,239	7,910	4,755
Change in Working Capital	-9,295	-4,087	2,367	-17	1,360

Source: S&P Global Market Intelligence. Standard template. Financial Sources.