Workman Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	2016 - 2020
Net Income	27,579	24,890	23,636	24,655	27,313	25,356	Upgrade
Depreciation & Amortization	3,337	3,054	2,773	2,341	2,042	1,677	Upgrade
Loss (Gain) From Sale of Assets	14	14	30	9	81	52	Upgrade
Other Operating Activities	-8,414	-7,755	-7,587	-9,151	-9,530	-7,560	Upgrade
Change in Accounts Receivable	-2,365	1,239	-1,500	-2,294	-474	1,128	Upgrade
Change in Inventory	-4,106	1,182	-3,352	-6,663	-1,184	-418	Upgrade
Change in Accounts Payable	2,459	2,150	976	283	81	1,450	Upgrade
Change in Other Net Operating Assets	-110	19	252	-367	122	-366	Upgrade
Operating Cash Flow	18,394	24,793	15,228	8,813	18,451	21,319	Upgrade
Operating Cash Flow Growth	-28.32%	62.81%	72.79%	-52.24%	-13.45%	218.72%	Upgrade
Capital Expenditures	-6,966	-6,152	-3,652	-4,261	-6,275	-4,128	Upgrade
Sale of Property, Plant & Equipment	-55	-67	-57	-35	-107	-32	Upgrade
Sale (Purchase) of Intangibles	-749	-601	-149	-354	-280	-448	Upgrade
Investment in Securities	-25,996	-23,000	-5,000	5,000	-3,000	-	Upgrade
Other Investing Activities	-436	-109	-141	-120	31	68	Upgrade
Investing Cash Flow	-34,202	-29,929	-8,999	230	-9,631	-4,540	Upgrade
Dividends Paid	-5,956	-5,549	-5,548	-5,547	-5,220	-4,081	Upgrade
Other Financing Activities	-117	-120	-133	-138	-130	-125	Upgrade
Financing Cash Flow	-6,073	-5,669	-5,681	-5,685	-5,350	-4,206	Upgrade
Miscellaneous Cash Flow Adjustments	-	-1	-1	-1	-1	-1	Upgrade
Net Cash Flow	-21,881	-10,806	547	3,357	3,469	12,572	Upgrade
Free Cash Flow	11,428	18,641	11,576	4,552	12,176	17,191	Upgrade
Free Cash Flow Growth	-47.16%	61.03%	154.31%	-62.61%	-29.17%	286.23%	Upgrade
Free Cash Flow Margin	7.76%	13.61%	8.73%	3.55%	10.47%	16.25%	Upgrade
Free Cash Flow Per Share	140.03	228.41	141.84	55.78	149.20	210.65	Upgrade
Cash Interest Paid	34	33	35	41	48	54	Upgrade
Cash Income Tax Paid	8,285	7,750	7,591	9,149	9,530	7,568	Upgrade
Levered Free Cash Flow	6,791	19,120	8,879	3,281	8,909	14,860	Upgrade
Unlevered Free Cash Flow	6,812	19,140	8,901	3,307	8,939	14,894	Upgrade
Change in Working Capital	-4,122	4,590	-3,624	-9,041	-1,455	1,794	Upgrade

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