Branding Technology Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	78	126	28	122	101	-31
Depreciation & Amortization	14	17	28	28	23	32
Loss (Gain) From Sale of Assets	1	1	3	-	8	7
Loss (Gain) From Sale of Investments	-	-	-	3	-	-
Loss (Gain) on Equity Investments	-	-	-	-	1	3
Other Operating Activities	-51	-11	-50	-12	-8	-21
Change in Accounts Receivable	12	-91	3	22	-80	71
Change in Inventory	11	11	-	-2	-5	-6
Change in Accounts Payable	-30	27	-3	-43	62	-32
Change in Other Net Operating Assets	4	-27	-55	-127	29	57
Operating Cash Flow	39	53	-46	-9	131	80
Operating Cash Flow Growth	-	-	-	-	63.75%	-
Capital Expenditures	-4	-4	-9	-27	-24	-14
Sale of Property, Plant & Equipment	-	-	-	-	2	-
Cash Acquisitions	-	-	-	-	-	-4
Sale (Purchase) of Intangibles	-22	-	-	-6	-4	-5
Investment in Securities	-22	-	-	-	-	-16
Other Investing Activities	-	-	-	2	2	100
Investing Cash Flow	-48	-4	-9	-31	-24	61
Short-Term Debt Issued	-	-	-	-	30	-
Long-Term Debt Issued	-	200	-	-	-	600
Total Debt Issued	300	200	-	-	30	600
Short-Term Debt Repaid	-	-	-	-30	-	-
Long-Term Debt Repaid	-	-102	-106	-133	-133	-110
Total Debt Repaid	-92	-102	-106	-163	-133	-110
Net Debt Issued (Repaid)	208	98	-106	-163	-103	490
Issuance of Common Stock	64	44	-	2	3	-
Repurchase of Common Stock	-31	-91	-	-	-	-16
Common Dividends Paid	-15	-25	-25	-19	-	-
Other Financing Activities	-	-1	-	1	-	2
Financing Cash Flow	226	25	-131	-179	-100	476
Foreign Exchange Rate Adjustments	1	-	1	1	1	1
Miscellaneous Cash Flow Adjustments	-	-1	-2	-1	-	2
Net Cash Flow	218	73	-187	-219	8	620
Free Cash Flow	35	49	-55	-36	107	66
Free Cash Flow Growth	-	-	-	-	62.12%	-
Free Cash Flow Margin	0.71%	0.97%	-1.19%	-0.70%	2.17%	1.49%
Free Cash Flow Per Share	22.54	31.37	-34.20	-22.42	66.68	41.41
Cash Interest Paid	1	-	1	2	2	3
Cash Income Tax Paid	52	13	52	11	11	21
Levered Free Cash Flow	-27.38	48.75	-27.5	21.38	77.13	103.5
Unlevered Free Cash Flow	-26.75	48.75	-26.88	22.63	78.38	104.75
Change in Working Capital	-3	-80	-55	-150	6	90

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.