for Startups Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	440	397	586	492
Depreciation & Amortization	77	55	16	32
Loss (Gain) From Sale of Assets	8	-	-	-
Other Operating Activities	-194	-79	-255	-19
Change in Accounts Receivable	28	-96	-367	-236
Change in Accounts Payable	64	-185	-121	287
Change in Other Net Operating Assets	-68	87	106	49
Operating Cash Flow	355	179	-35	605
Operating Cash Flow Growth	98.32%	-	-	-
Capital Expenditures	-367	-	-84	-48
Investment in Securities	-30	-	-10	-30
Other Investing Activities	145	-293	4	-90
Investing Cash Flow	-252	-293	-90	-168
Long-Term Debt Issued	570	-	-	100
Long-Term Debt Repaid	-57	-66	-116	-67
Net Debt Issued (Repaid)	513	-66	-116	33
Issuance of Common Stock	-	23	4	28
Repurchase of Common Stock	-363	-	-	-
Other Financing Activities	-1	67	265	176
Financing Cash Flow	149	24	153	237
Miscellaneous Cash Flow Adjustments	-	1	-1	-
Net Cash Flow	252	-89	27	674
Free Cash Flow	-12	179	-119	557
Free Cash Flow Margin	-0.33%	5.24%	-3.97%	23.72%
Free Cash Flow Per Share	-1.69	24.54	-16.31	76.47
Cash Interest Paid	5	-	-	-
Cash Income Tax Paid	194	79	257	20
Levered Free Cash Flow	-21.38	198	-261.38	-
Unlevered Free Cash Flow	-18.88	198	-261.38	-
Change in Working Capital	24	-194	-382	100

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