AINAVO HOLDINGS Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	3,016	2,846	2,358	2,049	2,447	2,142
Depreciation & Amortization	285	286	284	286	358	316
Loss (Gain) From Sale of Investments	-36	-36	-126	-	-	-
Other Operating Activities	-1,198	-621	-786	-944	-1,058	-436
Change in Accounts Receivable	722	58	614	-500	-1,047	-520
Change in Inventory	-56	120	358	224	-1,632	-225
Change in Accounts Payable	-227	-102	521	77	1,752	680
Change in Other Net Operating Assets	-92	595	-398	485	-425	-16
Operating Cash Flow	2,414	3,146	2,825	1,677	395	1,941
Operating Cash Flow Growth	-49.01%	11.36%	68.46%	324.56%	-79.65%	48.17%
Capital Expenditures	-505	-234	-121	-84	-121	-26
Sale of Property, Plant & Equipment	3	3	40	-	50	-
Cash Acquisitions	-334	-1,505	-1	-1,638	345	-285
Sale (Purchase) of Intangibles	-167	-177	-75	-61	-40	-51
Investment in Securities	-75	122	197	-705	-77	-22
Other Investing Activities	31	-32	-28	-58	-64	-9
Investing Cash Flow	-1,253	-1,830	-641	-2,876	388	-364
Short-Term Debt Issued	-	-	-	-	-	200
Long-Term Debt Issued	-	-	-	166	-	-
Total Debt Issued	-200	-	-	166	-	200
Short-Term Debt Repaid	-	-	-	-30	-700	-
Long-Term Debt Repaid	-	-30	-115	-364	-293	-15
Total Debt Repaid	-28	-30	-115	-394	-993	-15
Net Debt Issued (Repaid)	-228	-30	-115	-228	-993	185
Issuance of Common Stock	-	64	-	-	-	-
Common Dividends Paid	-610	-538	-497	-563	-415	-426
Other Financing Activities	-31	-30	-28	-20	-49	-15
Financing Cash Flow	-869	-534	-640	-811	-1,457	-256
Miscellaneous Cash Flow Adjustments	675	36	473	63	7	-1
Net Cash Flow	967	818	2,017	-1,947	-667	1,320
Free Cash Flow	1,909	2,912	2,704	1,593	274	1,915
Free Cash Flow Growth	-58.80%	7.69%	69.74%	481.39%	-85.69%	61.06%
Free Cash Flow Margin	2.05%	3.16%	3.01%	1.85%	0.35%	2.90%
Free Cash Flow Per Share	82.17	125.53	116.90	68.87	11.85	82.79
Cash Interest Paid	20	19	13	11	12	12
Cash Income Tax Paid	1,182	609	772	932	1,052	424
Levered Free Cash Flow	1,365	2,694	1,551	1,308	616.38	1,945
Unlevered Free Cash Flow	1,379	2,706	1,559	1,315	623.88	1,952
Change in Working Capital	347	671	1,095	286	-1,352	-81

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