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 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	1,991	2,063	2,045	1,791	1,622
Depreciation & Amortization	953	828	902	932	889
Loss (Gain) From Sale of Assets	9	-2	-5	1	-1
Loss (Gain) From Sale of Investments	-	-9	-	24	-
Other Operating Activities	-585	-622	-563	-524	-519
Change in Accounts Receivable	-22	-11	-115	-193	-48
Change in Inventory	-40	37	8	14	-105
Change in Accounts Payable	-85	55	126	70	76
Change in Other Net Operating Assets	256	-150	-3	173	60
Operating Cash Flow	2,477	2,189	2,395	2,288	1,974
Operating Cash Flow Growth	13.16%	-8.60%	4.68%	15.91%	-20.37%
Capital Expenditures	-312	-537	-249	-403	-571
Sale of Property, Plant & Equipment	-	7	15	-	5
Cash Acquisitions	-2	-	-	-35	-
Divestitures	-	-	-	5	-
Sale (Purchase) of Intangibles	-64	-12	-3	-166	-86
Investment in Securities	-1,153	-4,742	-495	-442	-26
Other Investing Activities	-13	-14	-13	-19	-13
Investing Cash Flow	-1,543	-5,284	-744	-1,059	-690
Common Dividends Paid	-248	-217	-201	-187	-153
Other Financing Activities	-700	-522	-701	-770	-783
Financing Cash Flow	-948	-739	-902	-957	-936
Miscellaneous Cash Flow Adjustments	-	4	14	-1	-1
Net Cash Flow	-14	-3,830	763	271	347
Free Cash Flow	2,165	1,652	2,146	1,885	1,403
Free Cash Flow Growth	31.05%	-23.02%	13.85%	34.36%	-38.60%
Free Cash Flow Margin	13.95%	10.94%	14.52%	13.68%	10.99%
Free Cash Flow Per Share	693.28	529.62	688.74	605.91	454.06
Cash Interest Paid	18	5	4	6	8
Cash Income Tax Paid	584	622	565	528	518
Levered Free Cash Flow	1,780	1,326	1,967	1,532	1,095
Unlevered Free Cash Flow	1,791	1,329	1,969	1,535	1,100
Change in Working Capital	109	-69	16	64	-17