Hoshi Iryo-Sanki Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Net Income	2,063	2,045	1,791	1,622	1,456
Depreciation & Amortization	828	902	932	889	765
Loss (Gain) From Sale of Assets	-2	-5	1	-1	5
Loss (Gain) From Sale of Investments	-9	-	24	-	-
Other Operating Activities	-622	-563	-524	-519	-337
Change in Accounts Receivable	-11	-115	-193	-48	-186
Change in Inventory	37	8	14	-105	-21
Change in Accounts Payable	55	126	70	76	563
Change in Other Net Operating Assets	-150	-3	173	60	234
Operating Cash Flow	2,189	2,395	2,288	1,974	2,479
Operating Cash Flow Growth	-8.60%	4.68%	15.91%	-20.37%	69.56%
Capital Expenditures	-537	-249	-403	-571	-194
Sale of Property, Plant & Equipment	7	15	-	5	104
Cash Acquisitions	-	-	-35	-	-20
Divestitures	-	-	5	-	-
Sale (Purchase) of Intangibles	-12	-3	-166	-86	-2
Investment in Securities	-4,742	-495	-442	-26	75
Other Investing Activities	-14	-13	-19	-13	-28
Investing Cash Flow	-5,284	-744	-1,059	-690	-64
Repurchase of Common Stock	-	-	-	-	-649
Common Dividends Paid	-217	-201	-187	-153	-162
Other Financing Activities	-522	-701	-770	-783	-629
Financing Cash Flow	-739	-902	-957	-936	-1,440
Miscellaneous Cash Flow Adjustments	4	14	-1	-1	-1
Net Cash Flow	-3,830	763	271	347	974
Free Cash Flow	1,652	2,146	1,885	1,403	2,285
Free Cash Flow Growth	-23.02%	13.85%	34.36%	-38.60%	-
Free Cash Flow Margin	10.94%	14.52%	13.68%	10.99%	19.35%
Free Cash Flow Per Share	529.62	688.74	605.91	454.06	719.87
Cash Interest Paid	5	4	6	8	5
Cash Income Tax Paid	622	565	528	518	349
Levered Free Cash Flow	1,326	1,967	1,532	1,095	2,120
Unlevered Free Cash Flow	1,329	1,969	1,535	1,100	2,123
Change in Working Capital	-69	16	64	-17	590

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.