ZENKOKU HOSHO 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
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Net Income	45,553	45,753	41,404	28,584
Depreciation & Amortization	1,016	926	383	359
Loss (Gain) From Sale of Investments	21	21	524	173
Other Operating Activities	-14,263	-13,374	-11,957	387
Change in Accounts Receivable	-1,083	-1,625	-1,295	-
Change in Unearned Revenue	-	-	-	493
Change in Other Net Operating Assets	1,846	1,722	2,245	-1,296
Operating Cash Flow	33,090	33,423	31,304	28,700
Operating Cash Flow Growth	6.18%	6.77%	9.07%	-
Capital Expenditures	-100	-86	-395	-360
Sale of Property, Plant & Equipment	-	-	7	9
Cash Acquisitions	-335	50	269	-
Sale (Purchase) of Intangibles	-516	-804	-1,588	-775
Investment in Securities	-1,629	1,179	-47,537	-30,567
Other Investing Activities	-1	-1	1,012	-999
Investing Cash Flow	880	625	-55,996	-36,042
Long-Term Debt Issued	-	29,400	-	-
Long-Term Debt Repaid	-	-30,000	-	-
Net Debt Issued (Repaid)	-600	-600	-	-
Repurchase of Common Stock	-7,001	-7,000	-127	-
Common Dividends Paid	-	-	-	-9,159
Dividends Paid	-14,340	-11,707	-10,192	-9,159
Other Financing Activities	-4	-4	-	-
Financing Cash Flow	-21,945	-19,311	-10,319	-9,159
Net Cash Flow	12,024	14,737	-35,011	-16,501
Free Cash Flow	32,990	33,337	30,909	28,340
Free Cash Flow Growth	6.28%	7.85%	9.06%	-
Free Cash Flow Margin	56.90%	58.51%	59.86%	56.37%
Free Cash Flow Per Share	245.22	245.74	224.92	206.20
Cash Interest Paid	834	858	792	790
Cash Income Tax Paid	14,250	13,415	12,112	12,450
Levered Free Cash Flow	26,936	26,297	24,794	-
Unlevered Free Cash Flow	27,454	26,828	25,292	-
Change in Working Capital	763	97	950	-803

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