Broad-minded 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	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	287	681	758	508	423	Upgrade
Depreciation & Amortization	100	34	20	17	18	Upgrade
Loss (Gain) From Sale of Assets	115	-	2	5	-	Upgrade
Loss (Gain) From Sale of Investments	-16	73	-	-	-	Upgrade
Loss (Gain) on Equity Investments	-13	-11	-	-	-	Upgrade
Other Operating Activities	-297	-252	-218	-142	62	Upgrade
Change in Accounts Receivable	-156	-30	62	-350	125	Upgrade
Change in Inventory	-61	-312	-212	-220	22	Upgrade
Change in Accounts Payable	173	-73	97	-70	77	Upgrade
Change in Other Net Operating Assets	179	60	-82	278	-35	Upgrade
Operating Cash Flow	311	170	427	26	692	Upgrade
Operating Cash Flow Growth	82.94%	-60.19%	1542.31%	-96.24%	-	Upgrade
Capital Expenditures	-276	-30	-21	-2	-11	Upgrade
Cash Acquisitions	-	-84	11	-	-	Upgrade
Sale (Purchase) of Intangibles	-30	-32	-27	-12	-10	Upgrade
Investment in Securities	94	18	32	38	-113	Upgrade
Other Investing Activities	75	-775	-12	-4	-4	Upgrade
Investing Cash Flow	-138	-904	-17	551	-138	Upgrade
Short-Term Debt Repaid	-	-	-50	-258	-139	Upgrade
Long-Term Debt Repaid	-1	-1	-	-9	-30	Upgrade
Total Debt Repaid	-1	-1	-50	-267	-169	Upgrade
Net Debt Issued (Repaid)	-1	-1	-50	-267	-169	Upgrade
Issuance of Common Stock	42	81	22	125	442	Upgrade
Repurchase of Common Stock	-	-44	-	-87	-	Upgrade
Dividends Paid	-223	-128	-84	-25	-22	Upgrade
Other Financing Activities	7	-	-	-10	-6	Upgrade
Financing Cash Flow	-175	-92	-112	-264	245	Upgrade
Foreign Exchange Rate Adjustments	-	-	-	32	1	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	1	1	Upgrade
Net Cash Flow	-2	-826	298	346	801	Upgrade
Free Cash Flow	35	140	406	24	681	Upgrade
Free Cash Flow Growth	-75.00%	-65.52%	1591.67%	-96.48%	-	Upgrade
Free Cash Flow Margin	0.58%	2.68%	9.39%	0.66%	20.76%	Upgrade
Free Cash Flow Per Share	6.03	24.68	70.78	4.15	130.25	Upgrade
Cash Interest Paid	-	-	-	6	10	Upgrade
Cash Income Tax Paid	238	279	219	163	54	Upgrade
Levered Free Cash Flow	108.38	38.25	334.88	491	422	Upgrade
Unlevered Free Cash Flow	108.38	38.25	334.88	493.5	427	Upgrade
Change in Net Working Capital	10	385	24	-183	-190	Upgrade

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.