QD Laser 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 2021
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 '21 Mar 31, 2021
Net Income	-303	-443	-638	-546	-877	-876
Depreciation & Amortization	98	98	95	68	50	71
Loss (Gain) From Sale of Assets	-	-	50	-	17	172
Other Operating Activities	-10	-7	18	11	38	8
Change in Accounts Receivable	23	16	48	-97	-56	-28
Change in Inventory	-45	27	58	-32	293	-212
Change in Accounts Payable	-11	-12	-61	61	-74	23
Change in Other Net Operating Assets	-99	-185	-13	20	-91	20
Operating Cash Flow	-347	-506	-443	-515	-700	-822
Capital Expenditures	-33	-168	-132	-15	-60	-43
Sale of Property, Plant & Equipment	-	-	-12	-	-	-
Cash Acquisitions	-	-	-	-1	-	-
Sale (Purchase) of Intangibles	-	-	-2	-1	-3	-
Other Investing Activities	-8	-37	-3	-1	-8	-1
Investing Cash Flow	-194	-568	-138	-22	-90	-44
Short-Term Debt Repaid	-	-	-	-	-	-100
Long-Term Debt Repaid	-	-8	-7	-91	-257	-174
Total Debt Repaid	-4	-8	-7	-91	-257	-274
Net Debt Issued (Repaid)	-4	-8	-7	-91	-257	-274
Issuance of Common Stock	-	-	1,843	1,394	642	2,926
Other Financing Activities	-	-1	-1	-5	-8	-9
Financing Cash Flow	-4	-9	1,835	1,298	377	2,643
Foreign Exchange Rate Adjustments	2	2	1	-	10	-15
Miscellaneous Cash Flow Adjustments	-1	-1	-	-2	-	-2
Net Cash Flow	-544	-1,082	1,255	759	-403	1,760
Free Cash Flow	-380	-674	-575	-530	-760	-865
Free Cash Flow Margin	-27.54%	-51.53%	-46.11%	-45.73%	-69.03%	-96.65%
Free Cash Flow Per Share	-9.10	-16.14	-13.81	-14.60	-21.71	-32.39
Cash Interest Paid	-	-	-	-	2	5
Cash Income Tax Paid	3	4	4	4	4	3
Levered Free Cash Flow	-180.63	-403.75	-297.5	-285.13	-520.13	-612.5
Unlevered Free Cash Flow	-180.63	-403.75	-297.5	-285.13	-518.88	-609.38
Change in Working Capital	-132	-154	32	-48	72	-197

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