ARGO GRAPHICS 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	27,437	10,919	9,686	8,129	6,929
Depreciation & Amortization	186	273	238	207	188
Loss (Gain) From Sale of Assets	-	-	-	81	-
Loss (Gain) From Sale of Investments	-16,017	-	-	70	-
Loss (Gain) on Equity Investments	-61	-60	-48	-50	-33
Other Operating Activities	-3,345	-3,220	-2,711	-2,491	-2,189
Change in Accounts Receivable	-2,775	-4,111	2,977	-4,828	-1,771
Change in Inventory	-64	-402	-136	-731	-489
Change in Accounts Payable	408	3,175	-1,376	2,117	1,565
Change in Other Net Operating Assets	-1,106	-116	1,046	861	1,759
Operating Cash Flow	4,663	6,458	9,676	3,365	5,959
Operating Cash Flow Growth	-27.79%	-33.26%	187.55%	-43.53%	129.99%
Capital Expenditures	-4,055	-699	-100	-315	-50
Cash Acquisitions	-	-	-106	-88	-
Sale (Purchase) of Intangibles	-20	-25	-10	-33	-2
Investment in Securities	17,032	526	-592	-1,462	-531
Other Investing Activities	-11	4	-127	-51	45
Investing Cash Flow	12,947	-176	-935	-1,949	-538
Issuance of Common Stock	400	-	-	-	-
Repurchase of Common Stock	-19,054	-	-81	-245	-
Common Dividends Paid	-2,711	-2,176	-1,740	-1,436	-1,305
Other Financing Activities	-82	-80	-50	-165	-61
Financing Cash Flow	-21,447	-2,256	-1,871	-1,846	-1,366
Foreign Exchange Rate Adjustments	146	45	58	180	36
Miscellaneous Cash Flow Adjustments	1	-1	-1	-	-1
Net Cash Flow	-3,690	4,070	6,927	-250	4,090
Free Cash Flow	608	5,759	9,576	3,050	5,909
Free Cash Flow Growth	-89.44%	-39.86%	213.97%	-48.38%	131.45%
Free Cash Flow Margin	0.85%	8.28%	16.09%	5.72%	12.79%
Free Cash Flow Per Share	8.35	67.58	112.33	35.74	69.11
Cash Income Tax Paid	3,343	3,218	2,712	2,583	2,204
Levered Free Cash Flow	4,689	4,323	8,555	1,988	5,266
Unlevered Free Cash Flow	4,689	4,323	8,555	1,988	5,266
Change in Working Capital	-3,537	-1,454	2,511	-2,581	1,064

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