Ebrains Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	550	475	490	654	529
Depreciation & Amortization	14	16	21	17	20
Other Operating Activities	-166	-123	-238	-233	-110
Change in Accounts Receivable	-20	19	170	131	-136
Change in Inventory	69	90	221	-372	-234
Change in Accounts Payable	105	-91	-167	36	172
Change in Other Net Operating Assets	18	-4	8	14	26
Operating Cash Flow	570	382	505	247	267
Operating Cash Flow Growth	49.21%	-24.36%	104.45%	-7.49%	75.66%
Capital Expenditures	-4	-2	-4	-11	-5
Sale (Purchase) of Intangibles	-1	-	-4	-10	-1
Investment in Securities	-1,031	-	-25	-13	9
Other Investing Activities	-	-1	-1	-	-1
Investing Cash Flow	-1,036	-3	-34	-34	2
Short-Term Debt Issued	-	-	-	-	2
Total Debt Issued	-	-	-	-	2
Short-Term Debt Repaid	-	-	-	-18	-
Long-Term Debt Repaid	-	-	-	-10	-39
Total Debt Repaid	-	-	-	-28	-39
Net Debt Issued (Repaid)	-	-	-	-28	-37
Common Dividends Paid	-60	-57	-40	-33	-27
Other Financing Activities	-	-	-	-	-1
Financing Cash Flow	-60	-57	-40	-61	-65
Foreign Exchange Rate Adjustments	5	17	7	8	17
Miscellaneous Cash Flow Adjustments	1	-	-	-1	1
Net Cash Flow	-520	339	438	159	222
Free Cash Flow	566	380	501	236	262
Free Cash Flow Growth	48.95%	-24.15%	112.29%	-9.92%	107.94%
Free Cash Flow Margin	14.17%	9.44%	12.57%	5.54%	6.68%
Free Cash Flow Per Share	375.10	251.83	332.01	156.40	173.63
Cash Income Tax Paid	166	123	237	236	109
Levered Free Cash Flow	522.25	344	456.75	185	240.25
Unlevered Free Cash Flow	522.25	344	456.75	185	240.25
Change in Working Capital	172	14	232	-191	-172

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