Net Protections Holdings 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Net Income	3,647	2,139	-820	-527	630	-
Depreciation & Amortization	1,714	1,629	1,626	1,383	1,315	-
Loss (Gain) From Sale of Assets	14	8	28	57	25	-
Other Operating Activities	-2,482	-493	541	-1,247	-919	-
Change in Accounts Receivable	-9,448	-3,752	-4,698	-2,521	-2,861	-
Change in Inventory	-3	-16	9	-2	-	-
Change in Accounts Payable	14,055	6,714	4,992	272	2,971	-
Change in Other Net Operating Assets	1,660	338	253	-44	-210	-
Operating Cash Flow	9,153	6,567	1,931	-2,629	951	-
Operating Cash Flow Growth	71.95%	240.08%	-	-	-	-
Capital Expenditures	-19	-63	-14	-88	-9	-
Sale (Purchase) of Intangibles	-1,586	-1,484	-1,726	-1,357	-799	-
Investment in Securities	-	-	-	-1	-	-
Other Investing Activities	-104	41	-20	-319	41	-
Investing Cash Flow	-1,709	-1,506	-1,760	-1,765	-767	-
Short-Term Debt Issued	-	1,351	431	3,000	-	-
Long-Term Debt Issued	-	-	-	-	5,000	-
Total Debt Issued	1,351	1,351	431	3,000	5,000	-
Long-Term Debt Repaid	-	-	-	-	-6,855	-
Net Debt Issued (Repaid)	1,930	1,351	431	3,000	-1,855	-
Issuance of Common Stock	141	152	34	27	7,854	-
Other Financing Activities	-509	-294	-390	-186	-2,374	-
Financing Cash Flow	1,562	1,209	75	2,841	3,625	-
Foreign Exchange Rate Adjustments	16	-40	-	-	5	-
Miscellaneous Cash Flow Adjustments	-2	-1	-	-1	-	-
Net Cash Flow	9,020	6,229	246	-1,554	3,814	-
Free Cash Flow	9,134	6,504	1,917	-2,717	942	-
Free Cash Flow Growth	73.58%	239.28%	-	-	-	-
Free Cash Flow Margin	38.64%	28.99%	9.44%	-14.42%	5.17%	-
Free Cash Flow Per Share	91.48	66.13	19.78	-28.13	10.22	-
Cash Interest Paid	100	64	35	38	258	-
Cash Income Tax Paid	1,210	406	-380	1,314	890	-
Levered Free Cash Flow	7,458	5,105	677.38	-3,765	-995.63	-
Unlevered Free Cash Flow	7,537	5,162	717.38	-3,724	-829.38	-
Change in Working Capital	6,264	3,284	556	-2,295	-100	-

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