Namura Shipbuilding 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	29,590	20,056	11,332	-8,156	-18,921
Depreciation & Amortization	3,447	3,588	3,572	3,949	4,170
Loss (Gain) From Sale of Assets	71	116	79	-891	8,388
Loss (Gain) From Sale of Investments	-87	-51	26	-73	45
Loss (Gain) on Equity Investments	-39	-24	-904	-90	-12
Other Operating Activities	-3,832	-631	142	214	-251
Change in Accounts Receivable	5,728	-12,637	-8,480	13,074	-6,159
Change in Inventory	-238	-46	12,475	-11,292	-2,032
Change in Accounts Payable	-4,020	5,088	763	-3,491	-7,281
Change in Other Net Operating Assets	7,107	11,946	-10,006	21,852	-4,583
Operating Cash Flow	37,727	27,405	8,999	15,096	-26,636
Operating Cash Flow Growth	37.66%	204.53%	-40.39%	-	-
Capital Expenditures	-5,302	-1,800	-1,896	-1,443	-3,779
Sale of Property, Plant & Equipment	145	90	48	1,245	172
Cash Acquisitions	-	-	-	-462	-
Sale (Purchase) of Intangibles	-239	-133	-181	-90	-142
Investment in Securities	133	-20	101	117	233
Other Investing Activities	6	-54	48	-17	-4
Investing Cash Flow	-5,258	-1,919	-1,262	-715	-4,065
Short-Term Debt Issued	4,368	9,575	4,875	6,823	7,200
Long-Term Debt Issued	7,070	3,767	5,073	1,295	2,662
Total Debt Issued	11,438	13,342	9,948	8,118	9,862
Short-Term Debt Repaid	-4,268	-9,575	-9,348	-2,400	-7,200
Long-Term Debt Repaid	-2,203	-2,297	-3,805	-7,977	-2,214
Total Debt Repaid	-6,471	-11,872	-13,153	-10,377	-9,414
Net Debt Issued (Repaid)	4,967	1,470	-3,205	-2,259	448
Common Dividends Paid	-2,428	-693	-	-	-207
Other Financing Activities	-252	-206	-179	-241	-365
Financing Cash Flow	2,287	571	-3,384	-2,500	-124
Foreign Exchange Rate Adjustments	-2	-127	-173	-112	76
Net Cash Flow	34,754	25,930	4,180	11,769	-30,749
Free Cash Flow	32,425	25,605	7,103	13,653	-30,415
Free Cash Flow Growth	26.63%	260.48%	-47.98%	-	-
Free Cash Flow Margin	20.36%	18.97%	5.73%	16.37%	-30.91%
Free Cash Flow Per Share	463.71	366.39	101.80	197.66	-440.31
Cash Interest Paid	205	239	254	225	258
Cash Income Tax Paid	3,823	642	454	191	300
Levered Free Cash Flow	24,904	18,417	1,109	14,481	-28,083
Unlevered Free Cash Flow	25,026	18,572	1,274	14,629	-27,918
Change in Working Capital	8,577	4,351	-5,248	20,143	-20,055

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.