TDSE Inc. Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	233	201	276	227	218
Depreciation & Amortization	53	22	12	9	8
Other Operating Activities	-107	-65	-74	-138	-107
Change in Accounts Receivable	-26	-39	-11	-77	-28
Change in Accounts Payable	4	10	-36	48	19
Change in Other Net Operating Assets	36	68	-60	126	114
Operating Cash Flow	193	197	107	195	224
Operating Cash Flow Growth	-2.03%	84.11%	-45.13%	-12.95%	376.60%
Sale (Purchase) of Intangibles	-	-	-60	-2	-8
Other Investing Activities	7	-11	-8	-10	-5
Investing Cash Flow	7	-11	-68	-12	-13
Common Dividends Paid	-20	-20	-20	-20	-40
Other Financing Activities	-2	-2	-1	-	-
Financing Cash Flow	-22	-22	-21	-20	-40
Foreign Exchange Rate Adjustments	9	-	-	-	-
Miscellaneous Cash Flow Adjustments	1	-1	-2	-1	-1
Net Cash Flow	188	163	16	162	170
Free Cash Flow	193	197	107	195	224
Free Cash Flow Growth	-2.03%	84.11%	-45.13%	-12.95%	376.60%
Free Cash Flow Margin	6.42%	7.30%	4.24%	8.08%	13.00%
Free Cash Flow Per Share	92.31	94.58	51.44	94.45	109.01
Cash Income Tax Paid	108	68	73	99	108
Levered Free Cash Flow	167.75	197.38	-9	199.63	219.25
Unlevered Free Cash Flow	167.75	197.38	-9	199.63	219.25
Change in Working Capital	14	39	-107	97	105