Shoei Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	8,883	10,473	9,859	8,503	6,093
Depreciation & Amortization	1,464	1,737	1,486	1,014	1,091
Loss (Gain) From Sale of Assets	16	29	-1	-	-1
Other Operating Activities	-2,283	-3,576	-2,995	-2,088	-1,606
Change in Accounts Receivable	-93	-249	743	-743	-361
Change in Inventory	1,337	-33	-1,081	-1,120	670
Change in Accounts Payable	-164	539	-970	564	-1,018
Change in Other Net Operating Assets	597	799	-687	-103	347
Operating Cash Flow	9,757	9,719	6,354	6,027	5,215
Operating Cash Flow Growth	0.39%	52.96%	5.43%	15.57%	14.82%
Capital Expenditures	-1,315	-3,155	-2,237	-1,638	-1,169
Sale of Property, Plant & Equipment	-	-	2	-	1
Sale (Purchase) of Intangibles	-57	-75	-59	-64	-69
Other Investing Activities	-22	-45	-56	-143	-117
Investing Cash Flow	-1,394	-3,275	-2,350	-1,845	-1,354
Repurchase of Common Stock	-	-2,000	-353	-	-386
Common Dividends Paid	-3,676	-3,533	-3,002	-2,198	-1,666
Other Financing Activities	-97	-120	-106	-72	-59
Financing Cash Flow	-3,773	-5,653	-3,461	-2,270	-2,111
Foreign Exchange Rate Adjustments	-	115	337	502	274
Miscellaneous Cash Flow Adjustments	-1	-321	-	46	18
Net Cash Flow	4,589	585	880	2,460	2,042
Free Cash Flow	8,442	6,564	4,117	4,389	4,046
Free Cash Flow Growth	28.61%	59.44%	-6.20%	8.48%	22.16%
Free Cash Flow Margin	26.09%	18.34%	12.25%	15.16%	17.03%
Free Cash Flow Per Share	160.63	124.47	76.73	81.81	75.37
Cash Interest Paid	21	23	8	7	6
Cash Income Tax Paid	2,301	3,855	3,004	2,097	1,620
Levered Free Cash Flow	7,478	4,472	3,439	3,835	3,242
Unlevered Free Cash Flow	7,491	4,486	3,444	3,840	3,246
Change in Working Capital	1,677	1,056	-1,995	-1,402	-362

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