Hatsuho Shouji 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	1,435	1,577	1,574	1,431	938
Depreciation & Amortization	160	163	152	150	152
Loss (Gain) From Sale of Assets	9	-4	-1	12	-
Loss (Gain) From Sale of Investments	-	-	-1	-6	-
Other Operating Activities	-506	-452	-569	-545	-86
Change in Accounts Receivable	941	593	-618	-1,246	-28
Change in Inventory	9	89	64	-188	-354
Change in Accounts Payable	148	-1,163	130	1,470	582
Change in Other Net Operating Assets	-29	-175	-39	219	13
Operating Cash Flow	2,167	628	692	1,297	1,217
Operating Cash Flow Growth	245.06%	-9.25%	-46.65%	6.57%	-
Capital Expenditures	-148	-389	-648	-264	-28
Sale of Property, Plant & Equipment	-4	9	2	-8	5
Sale (Purchase) of Intangibles	-33	-7	-7	-1	-4
Investment in Securities	-1,051	-99	1	38	-
Other Investing Activities	126	166	-23	11	225
Investing Cash Flow	-1,101	-313	-679	-220	201
Long-Term Debt Issued	-	200	1,200	100	-
Total Debt Issued	-	200	1,200	100	-
Short-Term Debt Repaid	-	-50	-	-	-
Long-Term Debt Repaid	-411	-593	-487	-491	-499
Total Debt Repaid	-411	-643	-487	-491	-499
Net Debt Issued (Repaid)	-411	-443	713	-391	-499
Common Dividends Paid	-223	-181	-130	-116	-90
Other Financing Activities	-42	-33	-40	-42	-38
Financing Cash Flow	-676	-657	543	-549	-627
Miscellaneous Cash Flow Adjustments	-2	-	-	-1	-1
Net Cash Flow	388	-342	556	527	790
Free Cash Flow	2,019	239	44	1,033	1,189
Free Cash Flow Growth	744.77%	443.18%	-95.74%	-13.12%	-
Free Cash Flow Margin	5.70%	0.69%	0.13%	3.25%	3.98%
Free Cash Flow Per Share	612.41	72.67	13.41	315.60	363.24
Cash Interest Paid	5	4	3	3	4
Cash Income Tax Paid	509	529	567	545	86
Levered Free Cash Flow	1,883	0.13	-88.13	935.5	1,212
Unlevered Free Cash Flow	1,886	2.63	-86.25	937.38	1,215
Change in Working Capital	1,069	-656	-463	255	213

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.