Shinwa Cash Flow Statement

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

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	4,807	3,867	5,130	5,560	4,105
Depreciation & Amortization	1,123	1,111	898	715	775
Loss (Gain) From Sale of Assets	2	-3	14	3	9
Loss (Gain) From Sale of Investments	-	-	-	19	25
Other Operating Activities	-1,052	-1,154	-1,697	-1,352	-1,427
Change in Accounts Receivable	3,978	-1,991	-2,082	1,385	-1,890
Change in Inventory	-3,733	-1,207	5,645	454	-5,061
Change in Accounts Payable	2,145	2,815	504	-1,592	1,129
Change in Other Net Operating Assets	4,066	528	-7,193	2,312	1,300
Operating Cash Flow	11,336	3,966	1,219	7,504	-1,035
Operating Cash Flow Growth	185.83%	225.35%	-83.75%	-	-
Capital Expenditures	-760	-643	-1,415	-769	-658
Sale of Property, Plant & Equipment	30	17	18	4	7
Sale (Purchase) of Intangibles	-49	-108	-328	-763	-206
Investment in Securities	-29	-31	-140	-6	-236
Other Investing Activities	-2	63	-4	-16	76
Investing Cash Flow	-810	-702	-1,869	-1,550	-1,017
Short-Term Debt Issued	-	-	-	-	1,129
Total Debt Issued	-	-	-	-	1,129
Short-Term Debt Repaid	-	-	-	-1,281	-
Long-Term Debt Repaid	-	-	-13	-19	-129
Total Debt Repaid	-	-	-13	-1,300	-129
Net Debt Issued (Repaid)	-	-	-13	-1,300	1,000
Repurchase of Common Stock	-	-1	-	-	-
Common Dividends Paid	-1,445	-1,316	-1,078	-988	-973
Other Financing Activities	-48	-49	-47	-39	-30
Financing Cash Flow	-1,493	-1,366	-1,138	-2,327	-3
Foreign Exchange Rate Adjustments	-173	292	211	652	176
Miscellaneous Cash Flow Adjustments	302	163	1	-1	1
Net Cash Flow	9,162	2,353	-1,576	4,278	-1,878
Free Cash Flow	10,576	3,323	-196	6,735	-1,693
Free Cash Flow Growth	218.27%	-	-	-	-
Free Cash Flow Margin	12.28%	4.27%	-0.26%	9.48%	-2.77%
Free Cash Flow Per Share	789.36	248.25	-14.66	504.11	-126.85
Cash Interest Paid	1	1	1	24	11
Cash Income Tax Paid	1,037	1,121	1,702	1,338	1,400
Levered Free Cash Flow	10,510	2,642	-1,161	4,618	-2,325
Unlevered Free Cash Flow	10,511	2,642	-1,161	4,633	-2,318
Change in Working Capital	6,456	145	-3,126	2,559	-4,522

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