Smile Holdings 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	536	426	264	330	1,065	847
Depreciation & Amortization	746	763	825	861	841	707
Loss (Gain) From Sale of Assets	53	59	46	48	82	135
Other Operating Activities	-581	-355	-166	244	1,324	1,369
Change in Accounts Receivable	-99	-257	-243	-48	112	-430
Change in Accounts Payable	99	513	113	52	15	127
Change in Other Net Operating Assets	-49	-220	137	-310	-1,163	-1,154
Operating Cash Flow	705	929	976	1,177	2,276	1,601
Operating Cash Flow Growth	-4.47%	-4.82%	-17.08%	-48.29%	42.16%	-30.60%
Capital Expenditures	-485	-431	-206	-291	-1,019	-2,178
Sale of Property, Plant & Equipment	-	-	5	-	-	-
Sale (Purchase) of Intangibles	-6	-7	-	-1	-1	-
Investment in Securities	-	33	-	-54	-	-
Other Investing Activities	-21	-8	-23	-1	-1	-149
Investing Cash Flow	-532	-413	-224	-347	-1,021	-2,327
Short-Term Debt Issued	-	545	674	-	-	1,033
Long-Term Debt Issued	-	506	151	119	2,150	916
Total Debt Issued	801	1,051	825	119	2,150	1,949
Short-Term Debt Repaid	-	-	-	-480	-1,581	-
Long-Term Debt Repaid	-	-476	-735	-829	-857	-626
Total Debt Repaid	-1,403	-476	-735	-1,309	-2,438	-626
Net Debt Issued (Repaid)	-602	575	90	-1,190	-288	1,323
Issuance of Common Stock	62	61	3	2	47	15
Repurchase of Common Stock	-98	-55	-	-	-	-
Other Financing Activities	-16	-19	-23	-25	-	1
Financing Cash Flow	-963	562	70	-1,213	-241	1,339
Net Cash Flow	-789	1,078	822	-383	1,014	613
Free Cash Flow	220	498	770	886	1,257	-577
Free Cash Flow Growth	-49.07%	-35.33%	-13.09%	-29.52%	-	-
Free Cash Flow Margin	1.55%	3.65%	5.98%	7.47%	11.79%	-6.33%
Free Cash Flow Per Share	68.03	154.05	236.46	271.98	388.99	-177.70
Cash Interest Paid	26	22	17	22	27	27
Cash Income Tax Paid	606	376	264	173	96	23
Levered Free Cash Flow	401.38	954.75	758	651.63	-148.88	-1,952
Unlevered Free Cash Flow	416.38	967.88	768.63	666	-120.75	-1,936
Change in Working Capital	-49	36	7	-306	-1,036	-1,457

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