Kyowa Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2018
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '18 Mar 31, 2018
Net Income	1,336	1,171	1,054	692	215	404
Depreciation & Amortization	2,095	1,995	1,728	1,384	1,197	1,145
Loss (Gain) From Sale of Assets	117	117	57	-	57	45
Loss (Gain) From Sale of Investments	-	-	-	18	-	-
Other Operating Activities	-483	-470	-308	-108	-94	-157
Change in Accounts Receivable	-103	-160	-38	-188	225	76
Change in Inventory	-71	47	208	-482	-94	-45
Change in Accounts Payable	665	45	-150	990	-28	99
Change in Other Net Operating Assets	251	-236	-16	246	114	38
Operating Cash Flow	3,807	2,509	2,535	2,552	1,592	1,605
Operating Cash Flow Growth	85.71%	-1.03%	-0.67%	60.30%	-0.81%	-
Capital Expenditures	-3,184	-2,612	-2,270	-2,055	-1,726	-1,122
Sale (Purchase) of Intangibles	-7	-14	-8	-7	-20	-65
Investment in Securities	94	95	-100	-10	-79	-9
Other Investing Activities	-270	-199	-59	-108	-107	-11
Investing Cash Flow	-3,367	-2,730	-2,437	-2,180	-1,932	-1,207
Long-Term Debt Issued	-	1,500	2,400	900	2,100	2,600
Long-Term Debt Repaid	-	-1,688	-1,940	-1,490	-1,440	-1,873
Net Debt Issued (Repaid)	234	-188	460	-590	660	727
Issuance of Common Stock	2	2	-	1	6	805
Repurchase of Common Stock	-	-	-	-	-28	-
Common Dividends Paid	-119	-119	-113	-104	-103	-23
Other Financing Activities	-	-	-	-5	-7	-127
Financing Cash Flow	117	-305	347	-698	528	1,382
Miscellaneous Cash Flow Adjustments	-2	1	1	-	1	-
Net Cash Flow	555	-525	446	-326	189	1,780
Free Cash Flow	623	-103	265	497	-134	483
Free Cash Flow Growth	398.40%	-	-46.68%	-	-	-
Free Cash Flow Margin	3.42%	-0.62%	1.82%	3.99%	-1.29%	3.73%
Free Cash Flow Per Share	104.05	-17.21	44.29	83.17	-22.64	100.26
Cash Interest Paid	42	33	25	26	26	36
Cash Income Tax Paid	490	472	331	109	92	156
Levered Free Cash Flow	1,245	231.75	100.25	502.88	-	326
Unlevered Free Cash Flow	1,272	252.38	115.88	519.13	-	348.5
Change in Working Capital	742	-304	4	566	217	168

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