for Startups 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
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
Net Income	616	440	397	586	492
Depreciation & Amortization	41	77	55	16	32
Loss (Gain) From Sale of Assets	8	8	-	-	-
Other Operating Activities	-116	-194	-79	-255	-19
Change in Accounts Receivable	-304	28	-96	-367	-236
Change in Accounts Payable	173	64	-185	-121	287
Change in Other Net Operating Assets	6	-68	87	106	49
Operating Cash Flow	424	355	179	-35	605
Operating Cash Flow Growth	-21.63%	98.32%	-	-	-
Capital Expenditures	-353	-367	-	-84	-48
Investment in Securities	-581	-30	-	-10	-30
Other Investing Activities	145	145	-293	4	-90
Investing Cash Flow	-789	-252	-293	-90	-168
Long-Term Debt Issued	-	570	-	-	100
Long-Term Debt Repaid	-	-57	-66	-116	-67
Net Debt Issued (Repaid)	-114	513	-66	-116	33
Issuance of Common Stock	-	-	23	4	28
Repurchase of Common Stock	-315	-363	-	-	-
Other Financing Activities	187	-1	67	265	176
Financing Cash Flow	-242	149	24	153	237
Miscellaneous Cash Flow Adjustments	1	-	1	-1	-
Net Cash Flow	-606	252	-89	27	674
Free Cash Flow	71	-12	179	-119	557
Free Cash Flow Margin	1.67%	-0.33%	5.24%	-3.97%	23.72%
Free Cash Flow Per Share	10.46	-1.69	24.54	-16.31	76.47
Cash Interest Paid	7	5	-	-	-
Cash Income Tax Paid	116	194	79	257	20
Levered Free Cash Flow	80.25	-21.38	198	-261.38	-
Unlevered Free Cash Flow	84.63	-18.88	198	-261.38	-
Change in Working Capital	-125	24	-194	-382	100

Source: S&P Global Market Intelligence. Standard template. Financial Sources.