Nippon Ceramic Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	10,007	5,902	5,270	7,863	3,924
Depreciation & Amortization	1,317	1,370	1,492	1,301	1,142
Loss (Gain) From Sale of Assets	463	1	-42	195	167
Other Operating Activities	-2,099	-1,460	-2,455	2,258	-441
Change in Accounts Receivable	-204	-552	368	-1,656	-648
Change in Inventory	350	892	1,781	-2,136	-791
Change in Accounts Payable	-595	415	-1,746	996	841
Change in Other Net Operating Assets	-4,351	-23	524	-3,734	-478
Operating Cash Flow	4,888	6,545	5,192	5,087	3,716
Operating Cash Flow Growth	-25.32%	26.06%	2.06%	36.90%	27.35%
Capital Expenditures	-2,140	-1,557	-1,329	-2,072	-1,408
Sale of Property, Plant & Equipment	131	-	76	23	6
Sale (Purchase) of Intangibles	-2	-5	-160	-5	-6
Investment in Securities	-2,234	10,212	1,258	-2,654	-915
Other Investing Activities	-5	-1	1	-21	-18
Investing Cash Flow	-4,250	8,649	-154	-4,729	-2,341
Repurchase of Common Stock	-2,568	-4,000	-29	-3,628	-2,000
Common Dividends Paid	-2,756	-2,358	-2,949	-2,505	-1,804
Other Financing Activities	-43	-67	-104	-145	-107
Financing Cash Flow	-5,367	-6,425	-3,082	-6,278	-3,911
Foreign Exchange Rate Adjustments	22	300	126	244	261
Miscellaneous Cash Flow Adjustments	1	-	-1	2	-1
Net Cash Flow	-4,706	9,069	2,081	-5,674	-2,276
Free Cash Flow	2,748	4,988	3,863	3,015	2,308
Free Cash Flow Growth	-44.91%	29.12%	28.13%	30.63%	8.92%
Free Cash Flow Margin	10.06%	19.92%	15.80%	12.96%	10.81%
Free Cash Flow Per Share	127.35	217.27	163.74	123.66	90.66
Cash Income Tax Paid	2,170	1,456	2,500	1,413	567
Levered Free Cash Flow	3,344	3,753	2,907	-778.75	1,666
Unlevered Free Cash Flow	3,344	3,753	2,907	-778.75	1,666
Change in Working Capital	-4,800	732	927	-6,530	-1,076

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