QD Laser 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	-356	-443	-638	-546	-877
Depreciation & Amortization	98	98	95	68	50
Loss (Gain) From Sale of Assets	5	-	50	-	17
Loss (Gain) From Sale of Investments	1	-	-	-	-
Other Operating Activities	-16	-7	18	11	38
Change in Accounts Receivable	48	16	48	-97	-56
Change in Inventory	-75	27	58	-32	293
Change in Accounts Payable	-18	-12	-61	61	-74
Change in Other Net Operating Assets	-168	-185	-13	20	-91
Operating Cash Flow	-481	-506	-443	-515	-700
Capital Expenditures	-731	-168	-132	-15	-60
Sale of Property, Plant & Equipment	-	-	-12	-	-
Cash Acquisitions	-	-	-	-1	-
Sale (Purchase) of Intangibles	-	-	-2	-1	-3
Other Investing Activities	-9	-37	-3	-1	-8
Investing Cash Flow	-886	-568	-138	-22	-90
Long-Term Debt Issued	330	-	-	-	-
Long-Term Debt Repaid	-	-8	-7	-91	-257
Total Debt Repaid	-	-8	-7	-91	-257
Net Debt Issued (Repaid)	330	-8	-7	-91	-257
Issuance of Common Stock	26	-	1,843	1,394	642
Other Financing Activities	-1	-1	-1	-5	-8
Financing Cash Flow	355	-9	1,835	1,298	377
Foreign Exchange Rate Adjustments	-1	2	1	-	10
Miscellaneous Cash Flow Adjustments	-	-1	-	-2	-
Net Cash Flow	-1,013	-1,082	1,255	759	-403
Free Cash Flow	-1,212	-674	-575	-530	-760
Free Cash Flow Margin	-88.34%	-51.53%	-46.11%	-45.73%	-69.03%
Free Cash Flow Per Share	-29.01	-16.14	-13.81	-14.60	-21.71
Cash Interest Paid	-	-	-	-	2
Cash Income Tax Paid	3	4	4	4	4
Levered Free Cash Flow	-944	-403.75	-297.5	-285.13	-520.13
Unlevered Free Cash Flow	-944	-403.75	-297.5	-285.13	-518.88
Change in Working Capital	-213	-154	32	-48	72

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