I.A Group Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	2,057	1,778	1,776	1,463	1,366
Depreciation & Amortization	737	751	766	724	840
Loss (Gain) From Sale of Assets	-23	31	183	24	38
Loss (Gain) From Sale of Investments	9	-	-	-	-
Other Operating Activities	-635	-669	-63	-226	-804
Change in Accounts Receivable	36	8	-147	-49	-62
Change in Inventory	385	-610	-1,011	-97	1,576
Change in Accounts Payable	103	-	-200	-118	616
Change in Other Net Operating Assets	-287	196	284	48	-825
Operating Cash Flow	2,382	1,485	1,588	1,769	2,745
Operating Cash Flow Growth	60.40%	-6.49%	-10.23%	-35.56%	76.41%
Capital Expenditures	-977	-491	-583	-337	-493
Sale of Property, Plant & Equipment	140	2	2	5	9
Divestitures	75	-	-	-	-
Sale (Purchase) of Intangibles	-2	-5	-66	-83	-26
Investment in Securities	-1	-	-	-10	97
Other Investing Activities	-69	2	64	-136	-30
Investing Cash Flow	-834	-492	-583	-561	-443
Long-Term Debt Issued	960	680	-	300	-
Total Debt Issued	960	680	-	300	-
Short-Term Debt Repaid	-1,470	-780	-500	-450	-
Long-Term Debt Repaid	-751	-685	-792	-1,016	-1,226
Total Debt Repaid	-2,221	-1,465	-1,292	-1,466	-1,226
Net Debt Issued (Repaid)	-1,261	-785	-1,292	-1,166	-1,226
Issuance of Common Stock	19	-	-	-	-
Repurchase of Common Stock	-1	-	-	-67	-56
Common Dividends Paid	-196	-232	-174	-175	-178
Other Financing Activities	-22	-20	-25	-31	-41
Financing Cash Flow	-1,461	-1,037	-1,491	-1,439	-1,501
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-
Net Cash Flow	86	-44	-485	-231	801
Free Cash Flow	1,405	994	1,005	1,432	2,252
Free Cash Flow Growth	41.35%	-1.09%	-29.82%	-36.41%	126.56%
Free Cash Flow Margin	3.53%	2.67%	2.82%	4.03%	6.29%
Free Cash Flow Per Share	965.34	684.42	691.97	982.52	1522.96
Cash Interest Paid	44	34	26	32	41
Cash Income Tax Paid	641	703	53	213	840
Levered Free Cash Flow	1,298	1,043	641.25	560.25	2,215
Unlevered Free Cash Flow	1,326	1,064	657.5	580.88	2,241
Change in Working Capital	237	-406	-1,074	-216	1,305

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