Daiwa Industries Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2012	FY 2011	FY 2010	FY 2009	FY 2008
Period Ending	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008
Net Income	4,809	5,035	3,519	4,865	5,194
Depreciation & Amortization	532	507	575.62	704.22	2,499
Loss (Gain) From Sale of Assets	11	-164	83.03	4.91	5.85
Loss (Gain) From Sale of Investments	-	-	13.17	-	-69.45
Other Operating Activities	-1,791	-1,459	300.78	1,239	612.61
Change in Accounts Receivable	-401	-477	684.43	984.37	1,020
Change in Inventory	-153	-143	-11.9	587.13	123.05
Change in Accounts Payable	221	102	372.86	-581.11	-327.47
Change in Other Net Operating Assets	404	322	1,177	1,656	272.86
Operating Cash Flow	3,632	3,723	6,713	9,460	9,331
Operating Cash Flow Growth	-2.44%	-44.54%	-29.03%	1.38%	9.14%
Capital Expenditures	-366	-226	-226.72	-1,396	-181.85
Sale of Property, Plant & Equipment	-	218	7.74	1.49	1.64
Sale (Purchase) of Intangibles	-13	-35	-9.45	-19.38	-25.27
Investment in Securities	-862	2,470	-5,000	500	-983.05
Other Investing Activities	-17	-5	56.84	6.74	-7.12
Investing Cash Flow	-1,258	2,422	-5,172	-907.45	-1,196
Short-Term Debt Issued	-	-	-	2,500	-
Total Debt Issued	-	-	-	2,500	-
Short-Term Debt Repaid	-	-	-	-2,500	-
Total Debt Repaid	-	-	-	-2,500	-
Repurchase of Common Stock	-2	-3	-3.43	-5.04	-5.83
Common Dividends Paid	-512	-513	-513.45	-514.25	-514.27
Other Financing Activities	-	-1	-	-0	-
Financing Cash Flow	-514	-517	-516.89	-519.29	-520.09
Miscellaneous Cash Flow Adjustments	-1	-	-0	-	-0
Net Cash Flow	1,859	5,628	1,025	8,033	7,615
Free Cash Flow	3,266	3,497	6,487	8,063	9,149
Free Cash Flow Growth	-6.61%	-46.09%	-19.56%	-11.86%	20.26%
Free Cash Flow Margin	11.64%	12.87%	23.02%	27.64%	28.47%
Free Cash Flow Per Share	63.55	68.04	126.18	156.83	177.87
Cash Interest Paid	-	-	-	7.81	-
Cash Income Tax Paid	1,796	1,463	1,449	622.67	1,633
Levered Free Cash Flow	3,436	3,165	5,720	3,135	6,749
Unlevered Free Cash Flow	3,436	3,165	5,720	3,135	6,749
Change in Working Capital	71	-196	2,222	2,646	1,089

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.