Kowa Co.,Ltd. Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	646	929	974	666	575
Depreciation & Amortization	230	226	215	225	247
Loss (Gain) From Sale of Assets	-	42	37	-	-
Loss (Gain) From Sale of Investments	20	2	-	-	-
Other Operating Activities	-232	-272	-250	-144	-80
Change in Accounts Receivable	-9	46	-24	-54	-15
Change in Inventory	63	145	-94	-263	-278
Change in Accounts Payable	-96	49	-136	128	169
Change in Other Net Operating Assets	61	-207	20	-1	-102
Operating Cash Flow	683	960	742	557	516
Operating Cash Flow Growth	-28.85%	29.38%	33.21%	7.95%	-17.83%
Capital Expenditures	-83	-318	-48	-36	-128
Sale of Property, Plant & Equipment	-	551	63	-	-
Cash Acquisitions	-	-30	-	-	-
Sale (Purchase) of Intangibles	-6	-4	-4	-19	-35
Investment in Securities	-350	-141	-	-93	-59
Other Investing Activities	-3	-20	79	3	1
Investing Cash Flow	-442	38	92	-145	-215
Short-Term Debt Issued	-	-	500	-	-
Total Debt Issued	-	-	500	-	-
Short-Term Debt Repaid	-330	-170	-	-	-
Long-Term Debt Repaid	-24	-72	-695	-224	-1,224
Total Debt Repaid	-354	-242	-695	-224	-1,224
Net Debt Issued (Repaid)	-354	-242	-195	-224	-1,224
Issuance of Common Stock	3	13	8	2	583
Repurchase of Common Stock	-	-146	-734	-112	-
Common Dividends Paid	-49	-47	-48	-119	-69
Other Financing Activities	-67	-127	-116	-109	-112
Financing Cash Flow	-467	-549	-1,085	-562	-822
Foreign Exchange Rate Adjustments	17	69	32	14	63
Miscellaneous Cash Flow Adjustments	-	-	2	-	-
Net Cash Flow	-209	518	-217	-136	-458
Free Cash Flow	600	642	694	521	388
Free Cash Flow Growth	-6.54%	-7.49%	33.20%	34.28%	-31.08%
Free Cash Flow Margin	9.38%	10.08%	10.84%	8.31%	6.79%
Free Cash Flow Per Share	144.53	149.42	149.50	104.69	84.66
Cash Interest Paid	10	15	20	25	29
Cash Income Tax Paid	234	276	250	143	78
Levered Free Cash Flow	522.25	588.75	552.63	407	232.63
Unlevered Free Cash Flow	528.5	598.13	565.13	422.63	250.75
Change in Working Capital	19	33	-234	-190	-226

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.