MS&Consulting Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	251	-239	178	324	313
Depreciation & Amortization	136	106	87	81	70
Loss (Gain) From Sale of Assets	-	398	-	-	-
Other Operating Activities	-52	-6	-157	-60	-2
Change in Accounts Receivable	112	85	-71	-148	64
Change in Inventory	-	12	-15	1	-5
Change in Accounts Payable	-30	17	-2	-145	75
Change in Other Net Operating Assets	-12	33	-7	-47	1
Operating Cash Flow	405	406	13	6	516
Operating Cash Flow Growth	-0.25%	3023.08%	116.67%	-98.84%	149.28%
Capital Expenditures	-1	-6	-29	-1	-1
Sale (Purchase) of Intangibles	-127	-124	-126	-70	-51
Investment in Securities	10	-	-20	-	-
Other Investing Activities	-2	-	-	-	5
Investing Cash Flow	-120	-130	-176	-71	-47
Short-Term Debt Issued	4	-	150	-	-
Total Debt Issued	4	-	150	-	-
Short-Term Debt Repaid	-	-4	-	-	-
Long-Term Debt Repaid	-	-	-69	-166	-180
Total Debt Repaid	-	-4	-69	-166	-180
Net Debt Issued (Repaid)	4	-4	81	-166	-180
Issuance of Common Stock	1	7	34	24	-
Repurchase of Common Stock	-	-	-213	-67	-59
Common Dividends Paid	-	-	-74	-69	-
Other Financing Activities	150	-33	-1	-64	-29
Financing Cash Flow	155	-30	-173	-342	-268
Foreign Exchange Rate Adjustments	10	2	-	1	-1
Miscellaneous Cash Flow Adjustments	1	1	-	-	-2
Net Cash Flow	451	249	-336	-406	198
Free Cash Flow	404	400	-16	5	515
Free Cash Flow Growth	1.00%	-	-	-99.03%	150.00%
Free Cash Flow Margin	15.63%	15.67%	-0.67%	0.23%	26.64%
Free Cash Flow Per Share	93.87	99.19	-3.92	1.15	116.05
Cash Interest Paid	1	1	-	1	3
Cash Income Tax Paid	51	7	156	60	3
Levered Free Cash Flow	258.63	262.88	-144.88	-133.38	323.75
Unlevered Free Cash Flow	259.88	263.5	-144.88	-132.75	325.63
Change in Working Capital	70	147	-95	-339	135

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