Nireco 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	1,987	2,074	1,468	1,249	650	635
Depreciation & Amortization	296	313	351	296	300	247
Loss (Gain) From Sale of Assets	9	9	-	6	-	4
Loss (Gain) From Sale of Investments	-11	-10	-19	-	-5	5
Other Operating Activities	-560	-522	-552	-217	-149	-319
Change in Accounts Receivable	-47	-220	-129	-606	422	549
Change in Inventory	-99	-282	-471	-542	-582	-59
Change in Accounts Payable	64	-19	172	8	152	-93
Change in Other Net Operating Assets	-82	-40	72	-59	61	174
Operating Cash Flow	1,557	1,303	892	135	849	1,143
Operating Cash Flow Growth	163.01%	46.08%	560.74%	-84.10%	-25.72%	374.27%
Capital Expenditures	-136	-145	-605	-216	-215	-218
Sale of Property, Plant & Equipment	-	-	4	-	25	-
Cash Acquisitions	-390	-390	-	-	-262	-
Investment in Securities	887	202	150	60	70	-71
Other Investing Activities	-4	-1	-7	48	8	-12
Investing Cash Flow	365	-325	-449	-91	-359	-285
Long-Term Debt Repaid	-	-21	-65	-163	-182	-186
Total Debt Repaid	-121	-21	-65	-163	-182	-186
Net Debt Issued (Repaid)	-121	-21	-65	-163	-182	-186
Repurchase of Common Stock	-11	-	-	-	-	-
Common Dividends Paid	-705	-487	-359	-307	-205	-218
Other Financing Activities	-7	-6	-7	-6	-6	-5
Financing Cash Flow	-844	-514	-431	-476	-393	-409
Foreign Exchange Rate Adjustments	8	10	15	17	26	1
Miscellaneous Cash Flow Adjustments	1	-	-1	-	-	-1
Net Cash Flow	1,087	474	26	-415	123	449
Free Cash Flow	1,421	1,158	287	-81	634	925
Free Cash Flow Growth	4800.00%	303.48%	-	-	-31.46%	1167.12%
Free Cash Flow Margin	13.04%	10.77%	2.91%	-0.89%	7.81%	11.71%
Free Cash Flow Per Share	189.15	154.28	38.34	-10.86	85.26	124.78
Cash Interest Paid	1	2	2	3	3	3
Cash Income Tax Paid	558	519	551	216	150	319
Levered Free Cash Flow	1,156	830.63	53.63	-155.5	425.63	853.5
Unlevered Free Cash Flow	1,157	831.88	54.88	-153.63	427.5	856
Change in Working Capital	-164	-561	-356	-1,199	53	571

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.