MICREED 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	366	316	196	-57	-121
Depreciation & Amortization	59	72	74	64	63
Loss (Gain) From Sale of Assets	6	6	-	-	-
Other Operating Activities	-145	-47	5	46	-49
Change in Accounts Receivable	-74	-58	-287	-48	79
Change in Inventory	-5	-34	-26	-44	23
Change in Accounts Payable	42	111	202	89	-74
Change in Other Net Operating Assets	13	12	10	16	-23
Operating Cash Flow	262	378	174	66	-102
Operating Cash Flow Growth	-30.69%	117.24%	163.64%	-	-
Capital Expenditures	-63	-22	-20	-1	-4
Sale (Purchase) of Intangibles	-76	-44	-45	-35	-25
Other Investing Activities	-	-28	-7	-7	-7
Investing Cash Flow	-139	-94	-72	-43	-36
Issuance of Common Stock	-	6	-	-	23
Common Dividends Paid	-47	-48	-	-	-7
Other Financing Activities	-	-	-	-	-1
Financing Cash Flow	-47	-42	-	-	15
Miscellaneous Cash Flow Adjustments	-1	-2	-1	-1	-1
Net Cash Flow	75	240	101	22	-124
Free Cash Flow	199	356	154	65	-106
Free Cash Flow Growth	-44.10%	131.17%	136.92%	-	-
Free Cash Flow Margin	2.94%	6.00%	3.30%	2.15%	-3.81%
Free Cash Flow Per Share	30.09	161.84	70.42	29.88	-49.94
Cash Income Tax Paid	145	49	-	-46	48
Levered Free Cash Flow	92.13	294.25	62.25	48.13	-120
Unlevered Free Cash Flow	92.13	294.25	62.25	48.13	-120
Change in Working Capital	-24	31	-101	13	5

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