Feedforce Group Cash Flow Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	1,740	1,446	1,018	458	918	874
Depreciation & Amortization	198	196	207	436	206	168
Loss (Gain) From Sale of Assets	-	-	344	390	-	-
Loss (Gain) From Sale of Investments	90	90	-86	2	-6	-
Loss (Gain) on Equity Investments	3	22	31	10	-	5
Other Operating Activities	-613	-476	-509	-320	-408	-332
Change in Accounts Receivable	-113	-158	-28	-359	225	-380
Change in Accounts Payable	131	-307	-10	212	-160	924
Change in Other Net Operating Assets	35	592	-105	-654	-152	74
Operating Cash Flow	1,471	1,405	862	175	623	1,333
Operating Cash Flow Growth	58.86%	62.99%	392.57%	-71.91%	-53.26%	214.39%
Capital Expenditures	-34	-25	-27	-24	-10	-11
Cash Acquisitions	-	-	-	-	-781	-
Divestitures	-	-	-	-	14	-
Sale (Purchase) of Intangibles	-	-7	-48	-	-	-
Investment in Securities	-5	15	89	-	-105	-
Other Investing Activities	-	-26	60	-91	2	-
Investing Cash Flow	-39	-43	74	-115	-880	-11
Short-Term Debt Issued	-	1,133	66	-	500	-
Long-Term Debt Issued	-	-	970	-	490	-
Total Debt Issued	1,100	1,133	1,036	-	990	-
Short-Term Debt Repaid	-	-	-	-500	-	-180
Long-Term Debt Repaid	-	-1,170	-570	-270	-345	-170
Total Debt Repaid	-1,085	-1,170	-570	-770	-345	-350
Net Debt Issued (Repaid)	15	-37	466	-770	645	-350
Issuance of Common Stock	25	35	11	22	14	33
Repurchase of Common Stock	-601	-500	-483	-299	-	-
Common Dividends Paid	-250	-126	-	-	-	-
Other Financing Activities	-25	-23	-4	-	40	5
Financing Cash Flow	-836	-651	-10	-1,047	699	-312
Foreign Exchange Rate Adjustments	-	-	-	-2	-	-
Miscellaneous Cash Flow Adjustments	-	-1	-	-50	1	-1
Net Cash Flow	596	710	926	-1,039	443	1,009
Free Cash Flow	1,437	1,380	835	151	613	1,322
Free Cash Flow Growth	60.20%	65.27%	452.98%	-75.37%	-53.63%	211.79%
Free Cash Flow Margin	30.84%	31.56%	19.74%	3.81%	20.40%	51.10%
Free Cash Flow Per Share	57.47	54.11	31.67	5.73	23.02	50.90
Cash Interest Paid	27	23	14	17	16	15
Cash Income Tax Paid	613	478	511	323	408	334
Levered Free Cash Flow	1,391	1,363	862	440.13	628.88	1,392
Unlevered Free Cash Flow	1,409	1,378	870.75	450.75	638.88	1,401
Change in Working Capital	53	127	-143	-801	-87	618

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