TDSE Inc. 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	201	276	227	218	277
Depreciation & Amortization	22	12	9	8	11
Loss (Gain) From Sale of Investments	-	-	-	-	-207
Other Operating Activities	-65	-74	-138	-107	-33
Change in Accounts Receivable	-39	-11	-77	-28	-4
Change in Accounts Payable	10	-36	48	19	2
Change in Other Net Operating Assets	68	-60	126	114	1
Operating Cash Flow	197	107	195	224	47
Operating Cash Flow Growth	84.11%	-45.13%	-12.95%	376.60%	-37.33%
Sale (Purchase) of Intangibles	-	-60	-2	-8	-7
Investment in Securities	-	-	-	-	1,017
Other Investing Activities	-11	-8	-10	-5	-2
Investing Cash Flow	-11	-68	-12	-13	1,008
Short-Term Debt Repaid	-	-	-	-	-500
Total Debt Repaid	-	-	-	-	-500
Net Debt Issued (Repaid)	-	-	-	-	-500
Common Dividends Paid	-20	-20	-20	-40	-20
Other Financing Activities	-2	-1	-	-	-
Financing Cash Flow	-22	-21	-20	-40	-520
Miscellaneous Cash Flow Adjustments	-1	-2	-1	-1	-
Net Cash Flow	163	16	162	170	535
Free Cash Flow	197	107	195	224	47
Free Cash Flow Growth	84.11%	-45.13%	-12.95%	376.60%	-37.33%
Free Cash Flow Margin	7.30%	4.24%	8.08%	13.00%	3.55%
Free Cash Flow Per Share	94.58	51.44	94.45	109.01	22.93
Cash Income Tax Paid	68	73	99	108	29
Levered Free Cash Flow	197.38	-9	199.63	219.25	89.25
Unlevered Free Cash Flow	197.38	-9	199.63	219.25	89.25
Change in Working Capital	39	-107	97	105	-1

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