AS ONE 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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	11,827	10,825	11,668	10,454
Depreciation & Amortization	1,801	1,824	1,645	1,724
Loss (Gain) From Sale of Assets	2	1	7	-668
Loss (Gain) From Sale of Investments	243	-	-30	-219
Other Operating Activities	-3,137	-3,920	-2,984	-3,559
Change in Accounts Receivable	1,168	-3,064	-456	-611
Change in Inventory	-857	465	-2,820	861
Change in Accounts Payable	-1,761	432	-265	806
Change in Other Net Operating Assets	25	-67	204	52
Operating Cash Flow	9,311	6,496	6,969	8,840
Operating Cash Flow Growth	43.33%	-6.79%	-21.16%	64.28%
Capital Expenditures	-1,206	-942	-570	-633
Sale of Property, Plant & Equipment	6	-	-	951
Cash Acquisitions	-	-418	-	-
Sale (Purchase) of Intangibles	-583	-634	-583	-518
Investment in Securities	2,624	12	1,119	795
Other Investing Activities	9	54	-333	-4
Investing Cash Flow	850	-1,928	-367	591
Long-Term Debt Issued	5,000	-	5,000	-
Short-Term Debt Repaid	-	-60	-	-
Long-Term Debt Repaid	-1,415	-2,779	-1,913	-1,600
Total Debt Repaid	-1,415	-2,839	-1,913	-1,600
Net Debt Issued (Repaid)	3,585	-2,839	3,087	-1,600
Issuance of Common Stock	21	21	16	14
Repurchase of Common Stock	-	-2,077	-6,571	-3
Common Dividends Paid	-4,234	-4,098	-3,779	-3,540
Other Financing Activities	-31	-45	-36	-33
Financing Cash Flow	-659	-9,038	-7,283	-5,162
Foreign Exchange Rate Adjustments	119	57	76	103
Miscellaneous Cash Flow Adjustments	1	-	-	-1
Net Cash Flow	9,622	-4,413	-605	4,371
Free Cash Flow	8,105	5,554	6,399	8,207
Free Cash Flow Growth	45.93%	-13.21%	-22.03%	120.26%
Free Cash Flow Margin	7.81%	5.81%	7.00%	9.44%
Free Cash Flow Per Share	112.98	76.64	86.21	109.62
Cash Interest Paid	4	4	2	2
Cash Income Tax Paid	3,156	3,931	3,013	3,596
Levered Free Cash Flow	6,459	3,729	4,687	6,724
Unlevered Free Cash Flow	6,464	3,732	4,689	6,725
Change in Working Capital	-1,425	-2,234	-3,337	1,108

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