AXELL 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	1,404	2,446	1,741	1,000	699
Depreciation & Amortization	99	83	53	44	59
Loss (Gain) From Sale of Assets	9	1	4	-	2
Loss (Gain) From Sale of Investments	125	-	45	-	-
Other Operating Activities	-966	-414	-190	-70	-136
Change in Accounts Receivable	-380	135	-203	-114	-62
Change in Inventory	-1,472	-1,701	34	311	-2
Change in Accounts Payable	184	14	278	337	93
Change in Other Net Operating Assets	-578	89	123	114	-274
Operating Cash Flow	-1,575	653	1,885	1,622	379
Operating Cash Flow Growth	-	-65.36%	16.21%	327.97%	-75.23%
Capital Expenditures	-101	-108	-86	-14	-10
Cash Acquisitions	-	-	-	-	-21
Divestitures	-	-	35	-	-
Sale (Purchase) of Intangibles	-11	-22	-3	-17	-1
Investment in Securities	-693	-752	-32	-137	-56
Other Investing Activities	39	71	221	11	110
Investing Cash Flow	-766	-811	135	-157	22
Issuance of Common Stock	11	32	24	-	-
Repurchase of Common Stock	-	-	-	-	-326
Common Dividends Paid	-884	-848	-432	-334	-234
Other Financing Activities	-	61	-	26	-
Financing Cash Flow	-873	-755	-408	-308	-560
Foreign Exchange Rate Adjustments	-	19	-	-	-
Miscellaneous Cash Flow Adjustments	-1	1	-	26	1
Net Cash Flow	-3,215	-893	1,612	1,183	-158
Free Cash Flow	-1,676	545	1,799	1,608	369
Free Cash Flow Growth	-	-69.70%	11.88%	335.77%	-75.03%
Free Cash Flow Margin	-10.99%	3.10%	12.43%	15.08%	4.10%
Free Cash Flow Per Share	-152.60	49.67	165.31	148.70	33.37
Cash Income Tax Paid	964	415	194	72	136
Levered Free Cash Flow	-1,795	282.88	1,337	1,289	83.63
Unlevered Free Cash Flow	-1,795	282.88	1,337	1,289	83.63
Change in Working Capital	-2,246	-1,463	232	648	-245

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