Direct Marketing MiX 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
Period Ending	Sep '25 Sep 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
Net Income	1,266	1,391	1,179	5,730	4,642	3,504
Depreciation & Amortization	1,269	1,402	1,617	1,463	1,101	734
Loss (Gain) From Sale of Assets	6.28	16	134	24	-	7
Other Operating Activities	141.96	-174	-1,567	-1,919	-1,512	-899
Change in Accounts Receivable	-285.88	361	1,848	-731	-1,216	-470
Change in Accounts Payable	539.84	-766	-1,832	369	776	1,105
Change in Other Net Operating Assets	10.23	-229	232	180	348	109
Operating Cash Flow	2,989	2,001	1,611	5,116	4,139	4,090
Operating Cash Flow Growth	237.29%	24.21%	-68.51%	23.61%	1.20%	-
Capital Expenditures	-322.23	-124	-129	-428	-834	-331
Cash Acquisitions	-	-	-685	-	-	-
Sale (Purchase) of Intangibles	-1.4	-3	-14	-7	-25	-9
Investment in Securities	0.3	-20	-421	-145	-	-
Other Investing Activities	-101.52	46	16	-73	-569	-111
Investing Cash Flow	-424.85	-101	-1,234	-768	-1,428	-451
Short-Term Debt Issued	-	-	1,000	-	-	-
Long-Term Debt Issued	-	1,000	800	-	6,300	260
Total Debt Issued	200	1,000	1,800	-	6,300	260
Long-Term Debt Repaid	-	-963	-1,305	-773	-7,105	-1,320
Net Debt Issued (Repaid)	-1,928	37	495	-773	-805	-1,060
Issuance of Common Stock	-	3	16	338	399	2
Repurchase of Common Stock	-	-	-1,999	-	-	-
Common Dividends Paid	-208.57	-137	-798	-222	-100	-
Other Financing Activities	0	-1,094	-1,241	-1,149	-830	-558
Financing Cash Flow	-2,136	-1,191	-3,527	-1,806	-1,336	-1,616
Miscellaneous Cash Flow Adjustments	-0	-1	1	-1	-1	-1
Net Cash Flow	427.84	708	-3,149	2,541	1,374	2,022
Free Cash Flow	2,667	1,877	1,482	4,688	3,305	3,759
Free Cash Flow Growth	250.65%	26.65%	-68.39%	41.85%	-12.08%	-
Free Cash Flow Margin	11.98%	8.96%	5.52%	13.52%	10.91%	16.74%
Free Cash Flow Per Share	57.01	40.24	31.38	97.21	68.63	79.46
Cash Interest Paid	49.95	34	24	23	41	54
Cash Income Tax Paid	484.38	182	1,583	1,936	1,610	928
Levered Free Cash Flow	-	1,565	1,567	4,407	3,525	3,686
Unlevered Free Cash Flow	-	1,595	1,595	4,434	3,613	3,762
Change in Working Capital	264.19	-634	248	-182	-92	744

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.