Tay Two Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	759	1,111	1,584	1,193	892
Depreciation & Amortization	421	379	264	232	170
Loss (Gain) From Sale of Assets	157	309	14	118	41
Loss (Gain) on Equity Investments	7	-63	-21	-3	-7
Other Operating Activities	-463	-359	-110	-443	-125
Change in Accounts Receivable	-66	-127	-142	-184	-73
Change in Inventory	87	-1,044	-832	-240	-9
Change in Accounts Payable	470	82	161	-15	60
Change in Other Net Operating Assets	90	-78	258	-120	269
Operating Cash Flow	1,462	210	1,176	538	1,218
Operating Cash Flow Growth	596.19%	-82.14%	118.59%	-55.83%	-
Capital Expenditures	-995	-445	-290	-318	-119
Sale of Property, Plant & Equipment	-	-	-	-	5
Cash Acquisitions	-320	-	-	-	-216
Sale (Purchase) of Intangibles	-46	-109	-240	-265	-96
Investment in Securities	-1	-1	-1	-1	-1
Other Investing Activities	-74	-44	-31	-61	-18
Investing Cash Flow	-1,436	-595	-562	-645	-440
Short-Term Debt Issued	700	400	900	-	-
Long-Term Debt Issued	500	1,200	600	660	300
Total Debt Issued	1,200	1,600	1,500	660	300
Short-Term Debt Repaid	-	-	-	-	-15
Long-Term Debt Repaid	-971	-398	-1,063	-673	-751
Total Debt Repaid	-971	-398	-1,063	-673	-766
Net Debt Issued (Repaid)	229	1,202	437	-13	-466
Issuance of Common Stock	45	42	32	13	392
Repurchase of Common Stock	-	-268	-268	-159	-99
Common Dividends Paid	-255	-191	-67	-	-
Other Financing Activities	-4	-7	-24	-38	-50
Financing Cash Flow	15	778	110	-197	-223
Miscellaneous Cash Flow Adjustments	1	-	-	-1	-1
Net Cash Flow	42	393	724	-305	554
Free Cash Flow	467	-235	886	220	1,099
Free Cash Flow Growth	-	-	302.73%	-79.98%	-
Free Cash Flow Margin	1.28%	-0.67%	2.83%	0.82%	4.40%
Free Cash Flow Per Share	7.39	-3.66	13.73	3.27	16.64
Cash Interest Paid	29	20	22	22	25
Cash Income Tax Paid	462	356	108	439	125
Levered Free Cash Flow	226.5	-545.75	205.38	-442.63	-
Unlevered Free Cash Flow	244	-533.25	219.13	-429.5	-
Change in Working Capital	581	-1,167	-555	-559	247

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