Hatsuho Shouji Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	1,577	1,574	1,431	938	527
Depreciation & Amortization	163	152	150	152	159
Loss (Gain) From Sale of Assets	-4	-1	12	-	100
Loss (Gain) From Sale of Investments	-	-1	-6	-	-
Other Operating Activities	-452	-569	-545	-86	-525
Change in Accounts Receivable	593	-618	-1,246	-28	1,187
Change in Inventory	89	64	-188	-354	24
Change in Accounts Payable	-1,163	130	1,470	582	-1,259
Change in Other Net Operating Assets	-175	-39	219	13	-344
Operating Cash Flow	628	692	1,297	1,217	-131
Operating Cash Flow Growth	-9.25%	-46.65%	6.57%	-	-
Capital Expenditures	-389	-648	-264	-28	-175
Sale of Property, Plant & Equipment	9	2	-8	5	5
Sale (Purchase) of Intangibles	-7	-7	-1	-4	-3
Investment in Securities	-99	1	38	-	8
Other Investing Activities	166	-23	11	225	246
Investing Cash Flow	-313	-679	-220	201	82
Short-Term Debt Issued	-	-	-	-	200
Long-Term Debt Issued	200	1,200	100	-	-
Total Debt Issued	200	1,200	100	-	200
Short-Term Debt Repaid	-50	-	-	-	-
Long-Term Debt Repaid	-593	-487	-491	-499	-566
Total Debt Repaid	-643	-487	-491	-499	-566
Net Debt Issued (Repaid)	-443	713	-391	-499	-366
Common Dividends Paid	-181	-130	-116	-90	-81
Other Financing Activities	-33	-40	-42	-38	-38
Financing Cash Flow	-657	543	-549	-627	-485
Miscellaneous Cash Flow Adjustments	-	-	-1	-1	-
Net Cash Flow	-342	556	527	790	-534
Free Cash Flow	239	44	1,033	1,189	-306
Free Cash Flow Growth	443.18%	-95.74%	-13.12%	-	-
Free Cash Flow Margin	0.69%	0.13%	3.25%	3.98%	-1.05%
Free Cash Flow Per Share	72.67	13.41	315.60	363.24	-93.47
Cash Interest Paid	4	3	3	4	5
Cash Income Tax Paid	529	567	545	86	527
Levered Free Cash Flow	0.13	-88.13	935.5	1,212	-216.38
Unlevered Free Cash Flow	2.63	-86.25	937.38	1,215	-213.25
Change in Working Capital	-656	-463	255	213	-392

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