KIYO Learning 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	303	207	128	-183	148
Depreciation & Amortization	103	84	68	52	62
Loss (Gain) From Sale of Investments	-	8	11	-	-
Other Operating Activities	-36	-44	9	-17	-45
Change in Accounts Receivable	6	-13	-8	-19	-11
Change in Inventory	-25	-65	13	-26	-27
Change in Accounts Payable	-45	44	-29	86	27
Change in Other Net Operating Assets	420	212	408	420	286
Operating Cash Flow	726	433	600	313	440
Operating Cash Flow Growth	67.67%	-27.83%	91.69%	-28.86%	-39.23%
Capital Expenditures	-3	-18	-	-1	-64
Sale (Purchase) of Intangibles	-101	-114	-108	-97	-58
Investment in Securities	-	-	-	-49	-
Other Investing Activities	-11	-	-38	-1	31
Investing Cash Flow	-115	-132	-146	-148	-91
Short-Term Debt Issued	-	950	850	1,550	50
Long-Term Debt Issued	-	-	-	-	50
Total Debt Issued	-	950	850	1,550	100
Short-Term Debt Repaid	-	-950	-850	-1,150	-
Long-Term Debt Repaid	-	-19	-47	-50	-50
Total Debt Repaid	-	-969	-897	-1,200	-50
Net Debt Issued (Repaid)	-	-19	-47	350	50
Issuance of Common Stock	4	4	4	2	45
Other Financing Activities	-4	-3	-4	-4	-1
Financing Cash Flow	-	-18	-47	348	94
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-
Net Cash Flow	611	282	406	513	443
Free Cash Flow	723	415	600	312	376
Free Cash Flow Growth	74.22%	-30.83%	92.31%	-17.02%	-47.70%
Free Cash Flow Margin	14.37%	9.29%	15.80%	10.96%	16.62%
Free Cash Flow Per Share	105.13	60.62	87.48	46.18	54.95
Cash Interest Paid	6	4	4	5	1
Cash Income Tax Paid	35	45	-6	17	44
Levered Free Cash Flow	535.25	229.38	478.5	270.5	270.25
Unlevered Free Cash Flow	539	232.5	481	273.63	271.5
Change in Working Capital	356	178	384	461	275