Techno Horizon Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-199	1,402	-770	905	2,674
Depreciation & Amortization	1,452	1,439	1,627	1,382	773
Loss (Gain) From Sale of Assets	605	81	490	3	-52
Loss (Gain) From Sale of Investments	31	43	-29	-5	-
Loss (Gain) on Equity Investments	-	-	-	3	-29
Other Operating Activities	-416	-428	-286	-409	-141
Change in Accounts Receivable	-1,414	1,801	-3,457	1,372	-2,267
Change in Inventory	1,240	1,677	-2,204	-1,983	707
Change in Accounts Payable	-478	-3,420	3,458	-88	616
Change in Other Net Operating Assets	30	-1,227	-100	-151	-627
Operating Cash Flow	851	1,368	-1,271	1,029	1,654
Operating Cash Flow Growth	-37.79%	-	-	-37.79%	-19.32%
Capital Expenditures	-313	-609	-482	-518	-296
Sale of Property, Plant & Equipment	99	107	11	29	270
Cash Acquisitions	-145	-312	-138	-3,975	-1,576
Sale (Purchase) of Intangibles	-24	-5	-168	-232	-174
Investment in Securities	2	-4	82	106	5
Other Investing Activities	-574	-12	-169	5	-45
Investing Cash Flow	-955	-835	-864	-4,585	-2,329
Short-Term Debt Issued	1,046	-	1,700	-	1,828
Long-Term Debt Issued	2,129	1,900	2,600	2,800	3,400
Total Debt Issued	3,175	1,900	4,300	2,800	5,228
Short-Term Debt Repaid	-	-236	-	-1,267	-
Long-Term Debt Repaid	-2,607	-2,779	-2,306	-1,958	-937
Total Debt Repaid	-2,607	-3,015	-2,306	-3,225	-937
Net Debt Issued (Repaid)	568	-1,115	1,994	-425	4,291
Common Dividends Paid	-134	-	-269	-269	-202
Other Financing Activities	-293	-390	-201	-95	-75
Financing Cash Flow	141	-1,505	1,524	-789	4,014
Foreign Exchange Rate Adjustments	152	113	148	86	-19
Miscellaneous Cash Flow Adjustments	57	367	2	120	10
Net Cash Flow	246	-492	-461	-4,139	3,330
Free Cash Flow	538	759	-1,753	511	1,358
Free Cash Flow Growth	-29.12%	-	-	-62.37%	-21.05%
Free Cash Flow Margin	1.06%	1.56%	-4.00%	1.48%	5.13%
Free Cash Flow Per Share	39.92	56.32	-130.07	37.92	100.76
Cash Interest Paid	161	104	80	90	50
Cash Income Tax Paid	531	503	319	464	262
Levered Free Cash Flow	-295.5	681.88	-2,076	-1,150	-174.13
Unlevered Free Cash Flow	-194.88	748.13	-2,028	-1,097	-142.88
Change in Working Capital	-622	-1,169	-2,303	-850	-1,571

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.