Media Links 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	-1,454	-559	-231	-243	-745
Depreciation & Amortization	44	48	36	20	19
Loss (Gain) From Sale of Assets	32	36	44	15	19
Other Operating Activities	-29	-14	-14	-14	-7
Change in Accounts Receivable	358	-71	71	-116	520
Change in Inventory	218	19	-530	-530	-56
Change in Accounts Payable	-73	-301	221	109	-111
Change in Other Net Operating Assets	476	78	-15	-35	46
Operating Cash Flow	-428	-764	-418	-794	-315
Capital Expenditures	-31	-89	-119	-17	-18
Sale (Purchase) of Intangibles	-14	-1	-3	-3	-6
Investment in Securities	-174	-	-	9	-9
Investing Cash Flow	-219	-90	-122	-11	-33
Long-Term Debt Issued	142	300	200	-	-
Total Debt Issued	142	300	200	-	-
Short-Term Debt Repaid	-	-	-	-70	-110
Long-Term Debt Repaid	-700	-371	-268	-135	-221
Total Debt Repaid	-700	-371	-268	-205	-331
Net Debt Issued (Repaid)	-558	-71	-68	-205	-331
Issuance of Common Stock	1,427	341	1,056	1,139	16
Other Financing Activities	-2	-2	-3	-2	-5
Financing Cash Flow	867	268	985	932	-320
Foreign Exchange Rate Adjustments	6	-10	29	28	50
Miscellaneous Cash Flow Adjustments	-2	-1	-	-1	-1
Net Cash Flow	224	-597	474	154	-619
Free Cash Flow	-459	-853	-537	-811	-333
Free Cash Flow Margin	-19.64%	-30.58%	-17.26%	-32.16%	-13.35%
Free Cash Flow Per Share	-6.81	-18.31	-17.49	-42.95	-58.96
Cash Interest Paid	2	7	11	13	15
Cash Income Tax Paid	5	14	16	14	9
Levered Free Cash Flow	346.25	-653.25	-523	-691.75	-100.13
Unlevered Free Cash Flow	347.5	-648.88	-516.13	-683.63	-90.75
Change in Working Capital	979	-275	-253	-572	399

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