3-D Matrix Cash Flow Statement

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

Millions JPY. Fiscal year is May - Apr.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	-2,479	-24	-2,443	-1,893	-2,011
Loss (Gain) From Sale of Assets	22	24	61	92	119
Other Operating Activities	-253	-198	-4	-2	-1
Change in Accounts Receivable	-815	-482	-164	-255	-32
Change in Inventory	294	419	-1,054	-195	1
Change in Accounts Payable	319	95	305	41	-468
Change in Other Net Operating Assets	1,198	-1,733	-1,286	-691	-857
Operating Cash Flow	-1,714	-1,899	-4,585	-2,903	-3,249
Capital Expenditures	-12	-1	-16	-7	-18
Sale (Purchase) of Intangibles	-	-3	-2	-6	-7
Other Investing Activities	-21	-25	-63	-66	-135
Investing Cash Flow	-33	-29	-81	-79	-160
Short-Term Debt Issued	-	-	100	-	7
Long-Term Debt Issued	-	660	2,550	2,565	-
Total Debt Issued	-	660	2,650	2,565	7
Short-Term Debt Repaid	-	-200	-	-8	-
Long-Term Debt Repaid	-599	-660	-	-	-
Total Debt Repaid	-599	-860	-	-8	-
Net Debt Issued (Repaid)	-599	-200	2,650	2,557	7
Issuance of Common Stock	2,616	2,294	322	2,116	3,460
Other Financing Activities	-4	-32	-17	-10	-5
Financing Cash Flow	2,013	2,062	2,955	4,663	3,462
Foreign Exchange Rate Adjustments	-49	59	33	30	27
Miscellaneous Cash Flow Adjustments	-1	-1	1	-1	-1
Net Cash Flow	216	192	-1,677	1,710	79
Free Cash Flow	-1,726	-1,900	-4,601	-2,910	-3,267
Free Cash Flow Margin	-24.89%	-41.41%	-198.83%	-193.23%	-319.04%
Free Cash Flow Per Share	-17.39	-25.93	-76.44	-57.13	-80.60
Cash Interest Paid	77	83	60	4	4
Cash Income Tax Paid	250	-	3	1	1
Levered Free Cash Flow	-1,149	-876	-3,462	-2,016	-2,466
Unlevered Free Cash Flow	-1,103	-824.13	-3,425	-2,013	-2,464
Change in Working Capital	996	-1,701	-2,199	-1,100	-1,356

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.