Koukandekirukun 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 2018
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '18 Mar 31, 2018
Net Income	174	335	302	102	-
Depreciation & Amortization	42	31	30	24	-
Other Operating Activities	-88	-181	-7	-69	-
Change in Accounts Receivable	-148	-137	-112	8	-
Change in Inventory	-34	-21	-108	-71	-
Change in Accounts Payable	126	114	180	-30	-
Change in Other Net Operating Assets	-21	8	42	21	-
Operating Cash Flow	51	149	327	-15	-
Operating Cash Flow Growth	-65.77%	-54.43%	-	-	-
Capital Expenditures	-377	-183	-77	-79	-
Cash Acquisitions	-183	-401	-	-	-
Other Investing Activities	34	-3	-5	-60	-
Investing Cash Flow	-526	-587	-82	-139	-
Short-Term Debt Issued	200	-	-	-	-
Long-Term Debt Issued	-	395	200	-	-
Total Debt Issued	200	395	200	-	-
Long-Term Debt Repaid	-182	-115	-67	-53	-
Net Debt Issued (Repaid)	18	280	133	-53	-
Issuance of Common Stock	314	-	13	1	-
Other Financing Activities	-1	1	1	-	-
Financing Cash Flow	331	281	147	-52	-
Miscellaneous Cash Flow Adjustments	2	-	-	-1	-
Net Cash Flow	-142	-157	392	-207	-
Free Cash Flow	-326	-34	250	-94	-
Free Cash Flow Margin	-3.17%	-0.45%	4.14%	-1.96%	-
Free Cash Flow Per Share	-46.64	-4.91	36.04	-13.56	-
Cash Interest Paid	2	1	1	1	-
Cash Income Tax Paid	90	182	8	69	-
Levered Free Cash Flow	-191.38	41	310.5	-	-
Unlevered Free Cash Flow	-190.13	41.63	311.13	-	-
Change in Working Capital	-77	-36	2	-72	-

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