Ushio Inc. (TYO:6925)

Ushio Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	13,122	15,212	14,006	15,681	20,220	12,606
Depreciation & Amortization	9,873	8,760	7,991	8,440	7,784	7,102
Loss (Gain) From Sale of Assets	447	1,736	1,294	7,480	463	-1,044
Asset Writedown & Restructuring Costs	4,096	-	-	-	-	-170
Loss (Gain) From Sale of Investments	-8,320	-9,932	-8,556	-6,953	-537	-208
Loss (Gain) on Equity Investments	-	-	-	164	115	86
Other Operating Activities	-793	-13,169	-7,199	-6,132	-7,635	2,015
Change in Accounts Receivable	-5,194	2,157	-1,036	1,340	-2,696	474
Change in Inventory	-898	8,753	14,558	-3,000	-16,549	-4,329
Change in Accounts Payable	3,450	-1,678	-6,306	-5,698	4,356	4,142
Change in Unearned Revenue	6,490	-	-	-	-	673
Change in Other Net Operating Assets	575	6,305	5,672	-2,356	-4,650	281
Operating Cash Flow	22,848	18,144	20,424	8,966	871	21,628
Operating Cash Flow Growth	6.40%	-11.16%	127.79%	929.39%	-95.97%	48.98%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-6,059	-8,599	-13,641	-7,936	-7,767	-5,958
Sale of Property, Plant & Equipment	1,386	908	530	239	423	1,545
Cash Acquisitions	-16,201	-7,058	-	-526	-	-52
Divestitures	-	-	-	-	-47	-
Sale (Purchase) of Intangibles	-799	-847	-1,938	-2,070	-348	-235
Investment in Securities	12,487	10,405	17,885	16,867	6,421	-1,486
Other Investing Activities	431	-8,925	-165	-1,144	151	19
Investing Cash Flow	-8,766	-14,109	2,719	5,394	-1,175	-5,519

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	4	-	-	1,591	-
Long-Term Debt Issued	-	31,500	10,000	25,000	1,410	-
Total Debt Issued	30,004	31,504	10,000	25,000	3,001	-
Short-Term Debt Repaid	-	-	-770	-1,910	-	-3,960
Long-Term Debt Repaid	-	-1,410	-	-	-18,770	-3,520
Total Debt Repaid	-26,580	-1,410	-770	-1,910	-18,770	-7,480
Net Debt Issued (Repaid)	3,424	30,094	9,230	23,090	-15,769	-7,480
Repurchase of Common Stock	-10,760	-19,613	-29,082	-30,654	-5,004	-5
Common Dividends Paid	-5,606	-6,222	-5,141	-5,891	-6,037	-3,139
Other Financing Activities	-1	-64	-	-34	-1	-1
Financing Cash Flow	-12,943	4,195	-24,993	-13,489	-26,811	-10,625

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	2,477	3,642	-653	4,110	3,011	5,717
Miscellaneous Cash Flow Adjustments	1	-	1	1	1	-
Net Cash Flow	3,617	11,872	-2,502	4,982	-24,103	11,201

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	16,789	9,545	6,783	1,030	-6,896	15,670
Free Cash Flow Growth	34.80%	40.72%	558.54%	-	-	90.80%
Free Cash Flow Margin	8.34%	5.33%	3.82%	0.57%	-3.94%	10.53%
Free Cash Flow Per Share	208.49	113.27	70.12	9.29	-58.24	129.95
Levered Free Cash Flow	-	-16.88	7,999	-5,503	-10,291	16,025
Unlevered Free Cash Flow	-	259.38	8,198	-5,312	-10,155	16,230

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	680	481	343	259	210	333
Cash Income Tax Paid	6,451	7,542	7,048	5,904	7,346	1,479
Change in Working Capital	4,423	15,537	12,888	-9,714	-19,539	1,241

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error