KIYO Learning Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Net Income	251	207	128	-183	148	158	Upgrade
Depreciation & Amortization	93	84	68	52	62	30	Upgrade
Loss (Gain) From Sale of Investments	-	8	11	-	-	-	Upgrade
Other Operating Activities	-34	-44	9	-17	-45	2	Upgrade
Change in Accounts Receivable	-5	-13	-8	-19	-11	7	Upgrade
Change in Inventory	-61	-65	13	-26	-27	16	Upgrade
Change in Accounts Payable	32	44	-29	86	27	82	Upgrade
Change in Other Net Operating Assets	223	212	408	420	286	429	Upgrade
Operating Cash Flow	499	433	600	313	440	724	Upgrade
Operating Cash Flow Growth	120.80%	-27.83%	91.69%	-28.86%	-39.23%	-	Upgrade
Capital Expenditures	-3	-18	-	-1	-64	-5	Upgrade
Sale (Purchase) of Intangibles	-110	-114	-108	-97	-58	-54	Upgrade
Investment in Securities	-	-	-	-49	-	-	Upgrade
Other Investing Activities	-	-	-38	-1	31	-71	Upgrade
Investing Cash Flow	-113	-132	-146	-148	-91	-130	Upgrade
Short-Term Debt Issued	-	950	850	1,550	50	-	Upgrade
Long-Term Debt Issued	-	-	-	-	50	50	Upgrade
Total Debt Issued	750	950	850	1,550	100	50	Upgrade
Short-Term Debt Repaid	-	-950	-850	-1,150	-	-30	Upgrade
Long-Term Debt Repaid	-	-19	-47	-50	-50	-26	Upgrade
Total Debt Repaid	-755	-969	-897	-1,200	-50	-56	Upgrade
Net Debt Issued (Repaid)	-5	-19	-47	350	50	-6	Upgrade
Issuance of Common Stock	4	4	4	2	45	742	Upgrade
Other Financing Activities	-4	-3	-4	-4	-1	-12	Upgrade
Financing Cash Flow	-5	-18	-47	348	94	724	Upgrade
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-	1	Upgrade
Net Cash Flow	381	282	406	513	443	1,319	Upgrade
Free Cash Flow	496	415	600	312	376	719	Upgrade
Free Cash Flow Growth	135.07%	-30.83%	92.31%	-17.02%	-47.70%	-	Upgrade
Free Cash Flow Margin	10.38%	9.29%	15.80%	10.96%	16.62%	47.24%	Upgrade
Free Cash Flow Per Share	72.36	60.62	87.48	46.18	54.95	343.99	Upgrade
Cash Interest Paid	5	4	4	5	1	2	Upgrade
Cash Income Tax Paid	33	45	-6	17	44	1	Upgrade
Levered Free Cash Flow	310.88	229.38	478.5	270.5	270.25	630.25	Upgrade
Unlevered Free Cash Flow	314	232.5	481	273.63	271.5	631.5	Upgrade
Change in Working Capital	189	178	384	461	275	534	Upgrade

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