for Startups Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	1,054	440	397	586	492
Depreciation & Amortization	43	77	55	16	32
Loss (Gain) From Sale of Assets	-	8	-	-	-
Loss (Gain) on Equity Investments	69	-	-	-	-
Other Operating Activities	-77	-194	-79	-255	-19
Change in Accounts Receivable	-535	28	-96	-367	-236
Change in Accounts Payable	285	64	-185	-121	287
Change in Other Net Operating Assets	126	-68	87	106	49
Operating Cash Flow	965	355	179	-35	605
Operating Cash Flow Growth	171.83%	98.32%	-	-	-
Capital Expenditures	-2	-367	-	-84	-48
Investment in Securities	-551	-30	-	-10	-30
Other Investing Activities	1	145	-293	4	-90
Investing Cash Flow	-552	-252	-293	-90	-168
Long-Term Debt Issued	-	570	-	-	100
Long-Term Debt Repaid	-114	-57	-66	-116	-67
Net Debt Issued (Repaid)	-114	513	-66	-116	33
Issuance of Common Stock	2	-	23	4	28
Repurchase of Common Stock	-233	-363	-	-	-
Other Financing Activities	187	-1	67	265	176
Financing Cash Flow	-158	149	24	153	237
Miscellaneous Cash Flow Adjustments	-1	-	1	-1	-
Net Cash Flow	254	252	-89	27	674
Free Cash Flow	963	-12	179	-119	557
Free Cash Flow Margin	18.28%	-0.33%	5.24%	-3.97%	23.72%
Free Cash Flow Per Share	145.88	-1.69	24.54	-16.31	76.47
Cash Interest Paid	5	5	-	-	-
Cash Income Tax Paid	80	194	79	257	20
Levered Free Cash Flow	937.25	-21.38	198	-261.38	-
Unlevered Free Cash Flow	941	-18.88	198	-261.38	-
Change in Working Capital	-124	24	-194	-382	100

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