MATSUDA SANGYO Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	13,523	10,551	13,975	13,734	8,706
Depreciation & Amortization	2,894	2,483	2,315	2,231	2,146
Loss (Gain) From Sale of Assets	-	-	-	-	-336
Loss (Gain) on Equity Investments	-1,089	-850	-418	-547	-289
Other Operating Activities	-1,811	-4,631	-4,844	-2,953	-2,292
Change in Accounts Receivable	-1,458	-6,231	858	-2,026	-4,045
Change in Inventory	-12,148	-2,565	-3,445	-4,051	-6,845
Change in Accounts Payable	2,849	1,605	-979	723	2,407
Change in Other Net Operating Assets	-218	1,471	3,184	-79	733
Operating Cash Flow	2,542	1,833	10,646	7,032	185
Operating Cash Flow Growth	38.68%	-82.78%	51.39%	3701.08%	-
Capital Expenditures	-3,605	-6,530	-11,138	-2,189	-3,466
Sale of Property, Plant & Equipment	2	-	116	8	472
Cash Acquisitions	-2,124	-	-	-	-
Sale (Purchase) of Intangibles	-473	-1,243	-634	-305	-133
Investment in Securities	-10	47	41	-15	-8
Other Investing Activities	-33	-230	-579	-20	-46
Investing Cash Flow	-6,243	-7,956	-12,194	-2,521	-3,181
Short-Term Debt Issued	-	13,246	-	646	1,958
Long-Term Debt Issued	10,100	-	13,500	-	1,500
Total Debt Issued	10,100	13,246	13,500	646	3,458
Short-Term Debt Repaid	-3,878	-	-7,348	-	-
Long-Term Debt Repaid	-4,080	-3,102	-3,202	-1,488	-1,493
Total Debt Repaid	-7,958	-3,102	-10,550	-1,488	-1,493
Net Debt Issued (Repaid)	2,142	10,144	2,950	-842	1,965
Repurchase of Common Stock	-	-400	-	-1	-400
Common Dividends Paid	-1,684	-1,432	-1,278	-1,095	-919
Other Financing Activities	-248	-228	-290	-323	-385
Financing Cash Flow	210	8,084	1,382	-2,261	261
Foreign Exchange Rate Adjustments	470	725	548	325	-113
Miscellaneous Cash Flow Adjustments	1	1	-	-	-
Net Cash Flow	-3,020	2,687	382	2,575	-2,848
Free Cash Flow	-1,063	-4,697	-492	4,843	-3,281
Free Cash Flow Margin	-0.23%	-1.30%	-0.14%	1.78%	-1.42%
Free Cash Flow Per Share	-41.02	-180.64	-18.86	185.66	-125.20
Cash Interest Paid	373	149	191	66	70
Cash Income Tax Paid	2,067	4,802	5,002	3,033	2,341
Levered Free Cash Flow	-1,941	-6,261	-3,587	4,150	-4,476
Unlevered Free Cash Flow	-1,707	-6,140	-3,471	4,185	-4,433
Change in Working Capital	-10,975	-5,720	-382	-5,433	-7,750

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