Sanden Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	494	-4,093	-610	26,903
Depreciation & Amortization	-	5,913	4,965	4,462	4,847
Loss (Gain) From Sale of Assets	-	497	2,432	2,964	16,787
Loss (Gain) From Sale of Investments	-	-	-	-1,050	-
Loss (Gain) on Equity Investments	-	-4,698	-4,339	-3,439	-2,923
Other Operating Activities	-	2,822	6,024	2,143	3,152
Change in Accounts Receivable	-	736	3,642	-1,178	5,759
Change in Inventory	-	-4,354	6,615	-966	-6,015
Change in Accounts Payable	-	589	1,282	2,747	-1,005
Change in Other Net Operating Assets	-	-6,464	-7,157	-15,198	-57,383
Operating Cash Flow	-	-4,465	9,371	-10,125	-9,879
Capital Expenditures	-	-9,538	-11,224	-5,905	-7,280
Sale of Property, Plant & Equipment	-	463	366	175	424
Divestitures	-	-	-	1,166	-
Sale (Purchase) of Intangibles	-	-479	-691	-84	-100
Investment in Securities	-	-3,228	-	-15	-21.33
Other Investing Activities	-	-8	-53	177	32
Investing Cash Flow	-	-12,790	-11,602	-4,486	-6,945
Short-Term Debt Issued	-	8,409	7,320	7,829	-
Long-Term Debt Issued	-	3,201	1,140	-	-
Total Debt Issued	-	11,610	8,460	7,829	24,563
Long-Term Debt Repaid	-	-260	-688	-341	-
Total Debt Repaid	-	-260	-688	-341	-24,416
Net Debt Issued (Repaid)	-	11,350	7,772	7,488	146.67
Issuance of Common Stock	-	-	-	34	28,689
Other Financing Activities	-	-1,866	-1,978	-2,445	-2,523
Financing Cash Flow	-	9,484	5,794	5,077	26,313
Foreign Exchange Rate Adjustments	-	1,080	954	725	789.33
Miscellaneous Cash Flow Adjustments	-	-	1	-	-1.33
Net Cash Flow	-	-6,691	4,518	-8,809	10,277
Free Cash Flow	-	-14,003	-1,853	-16,030	-17,159
Free Cash Flow Margin	-	-7.62%	-1.03%	-9.12%	-10.55%
Free Cash Flow Per Share	-	-125.64	-16.63	-143.84	-220.10
Cash Interest Paid	-	1,279	1,296	1,163	930.67
Cash Income Tax Paid	-	1,460	131	667	918.67
Levered Free Cash Flow	-	-18,618	-3,823	-16,871	-
Unlevered Free Cash Flow	-	-17,741	-3,011	-16,157	-
Change in Working Capital	-	-9,493	4,382	-14,595	-58,644

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