Kanematsu Engineering Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec '10 Dec 31, 2010	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007	Mar '06 Mar 31, 2006
Net Income	-64.31	-68.08	133.61	123.3	209.32	178.93
Depreciation & Amortization	107.08	103.27	127.09	95.01	66.71	76.53
Other Amortization	0.95	0.95	-	-	-	-
Loss (Gain) From Sale of Investments	2.06	7.36	5.38	13.5	-	-
Other Operating Activities	85.42	-33.5	45.59	-60.5	-13.04	-4.08
Change in Accounts Receivable	-13.23	656.07	86.1	129.89	-45.88	251.99
Change in Inventory	34.03	18.17	89.49	-21.92	-9.53	-110.71
Change in Accounts Payable	53.46	-372.13	-203.92	54.59	84.63	-40.12
Change in Other Net Operating Assets	71.51	-171.31	53.72	-133.03	13.7	47.47
Operating Cash Flow	276.96	140.82	337.05	200.85	305.92	400.01
Operating Cash Flow Growth	752.51%	-58.22%	67.81%	-34.34%	-23.52%	-
Capital Expenditures	-54.24	-85.59	-90.41	-346.41	-126.7	-46.86
Sale of Property, Plant & Equipment	0.03	8.6	0.34	21.13	0.03	-
Investment in Securities	30.8	-2.24	19.97	35.98	-56.2	-7.48
Other Investing Activities	-0.46	-1.14	0.17	8.18	-3.34	25.28
Investing Cash Flow	-23.87	-80.38	-69.94	-281.12	-186.22	-29.06
Short-Term Debt Issued	-	-	9	-	3	-
Long-Term Debt Issued	-	-	-	76.2	-	-
Total Debt Issued	-1	-	9	76.2	3	-
Short-Term Debt Repaid	-	-18	-	-45	-	-84
Long-Term Debt Repaid	-	-37.89	-61.54	-50.2	-54.04	-53.95
Total Debt Repaid	-38.94	-55.89	-61.54	-95.2	-54.04	-137.95
Net Debt Issued (Repaid)	-39.94	-55.89	-52.54	-19	-51.04	-137.95
Common Dividends Paid	-51.64	-51.31	-51.07	-51.19	-42.79	-43.2
Other Financing Activities	-0.32	-0	-1.33	-13.59	-0	-0.88
Financing Cash Flow	-91.9	-107.2	-104.93	-83.78	-93.83	-182.04
Foreign Exchange Rate Adjustments	-0.68	0.12	0.79	-	-	-
Miscellaneous Cash Flow Adjustments	0	-	-0	-0	-0	-
Net Cash Flow	160.51	-46.64	162.97	-164.04	25.87	188.92
Free Cash Flow	222.72	55.22	246.64	-145.56	179.21	353.16
Free Cash Flow Growth	-	-77.61%	-	-	-49.25%	-
Free Cash Flow Margin	5.23%	1.37%	4.23%	-2.42%	2.99%	6.11%
Free Cash Flow Per Share	40.06	9.93	44.36	-26.18	32.23	63.49
Cash Interest Paid	0.88	1.41	2.28	2.44	2.11	3.2
Cash Income Tax Paid	9.55	97.49	67.41	162.24	177.1	137.67
Levered Free Cash Flow	288.6	118.8	220.42	-115.74	109.38	-
Unlevered Free Cash Flow	289.16	119.71	221.88	-114.22	110.77	-
Change in Working Capital	145.77	130.8	25.38	29.54	42.93	148.63

Updated Feb 10, 2011. Source: S&P Global Market Intelligence. Standard template. Financial Sources.