adish Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	18	-117	-175	107	70
Depreciation & Amortization	21	20	23	19	16
Loss (Gain) From Sale of Assets	-	-	3	-	-
Other Operating Activities	-7	-10	-40	-16	-1
Change in Accounts Receivable	-20	-100	-10	-77	-27
Change in Inventory	-	-	-	13	-3
Change in Accounts Payable	-11	26	-48	47	64
Change in Other Net Operating Assets	12	-5	-2	-	-7
Operating Cash Flow	13	-186	-249	93	112
Operating Cash Flow Growth	-	-	-	-16.96%	300.00%
Capital Expenditures	-26	-11	-20	-15	-42
Sale (Purchase) of Intangibles	-	-3	-	-	-
Other Investing Activities	-	-2	6	-	-13
Investing Cash Flow	-26	-16	-14	-15	-55
Short-Term Debt Issued	-	137	-	-	-
Long-Term Debt Issued	-	180	150	200	-
Total Debt Issued	-	317	150	200	-
Long-Term Debt Repaid	-98	-103	-79	-66	-81
Total Debt Repaid	-98	-103	-79	-66	-81
Net Debt Issued (Repaid)	-98	214	71	134	-81
Issuance of Common Stock	78	10	-	-	9
Repurchase of Common Stock	-	-	-99	-	-
Other Financing Activities	-	-	1	2	-
Financing Cash Flow	-20	224	-27	136	-72
Miscellaneous Cash Flow Adjustments	-	-	-1	-	-
Net Cash Flow	-33	22	-291	214	-15
Free Cash Flow	-13	-197	-269	78	70
Free Cash Flow Growth	-	-	-	11.43%	438.46%
Free Cash Flow Margin	-0.35%	-5.48%	-7.64%	2.28%	2.34%
Free Cash Flow Per Share	-6.90	-113.92	-153.76	42.40	38.27
Cash Interest Paid	4	3	2	2	-
Cash Income Tax Paid	11	7	39	17	-
Levered Free Cash Flow	-49.63	-146.38	-191.13	66.63	52.88
Unlevered Free Cash Flow	-47.13	-144.5	-190.5	67.25	53.5
Change in Working Capital	-19	-79	-60	-17	27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.