Marvelous 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	1,648	-656	2,932	5,065	4,454
Depreciation & Amortization	1,817	1,455	2,775	1,462	1,238
Loss (Gain) From Sale of Assets	152	113	-	-	186
Loss (Gain) From Sale of Investments	-	85	-	-10	-
Other Operating Activities	-23	-1,767	-1,382	-1,269	273
Change in Accounts Receivable	-502	165	864	-694	60
Change in Inventory	-2,564	-755	-3,593	-2,012	-1,389
Change in Accounts Payable	-1,039	1,486	62	-65	-935
Change in Other Net Operating Assets	410	2,766	-682	343	495
Operating Cash Flow	-101	2,892	976	2,820	4,382
Operating Cash Flow Growth	-	196.31%	-65.39%	-35.65%	96.24%
Capital Expenditures	-2,172	-1,795	-310	-214	-1,441
Sale of Property, Plant & Equipment	5	43	1	3	2
Cash Acquisitions	-	-	-	-138	-
Divestitures	-	-	-	115	-
Sale (Purchase) of Intangibles	-1,282	-1,225	-1,731	-856	-1,009
Investment in Securities	1,000	1,759	-1,354	-3	-
Other Investing Activities	-48	-35	2	-1	-
Investing Cash Flow	-2,540	-1,288	-3,457	-1,094	-2,448
Short-Term Debt Repaid	-	-160	-	-	-40
Total Debt Repaid	-	-160	-	-	-40
Net Debt Issued (Repaid)	-	-160	-	-	-40
Issuance of Common Stock	-	-	-	-	4,967
Common Dividends Paid	-2,007	-2,007	-2,007	-2,007	-1,723
Other Financing Activities	-	-	-	-	-1
Financing Cash Flow	-2,007	-2,167	-2,007	-2,007	3,203
Foreign Exchange Rate Adjustments	-148	688	610	310	95
Miscellaneous Cash Flow Adjustments	-1	-1	-	-1	1
Net Cash Flow	-4,797	124	-3,878	28	5,233
Free Cash Flow	-2,273	1,097	666	2,606	2,941
Free Cash Flow Growth	-	64.72%	-74.44%	-11.39%	47.27%
Free Cash Flow Margin	-8.13%	3.72%	2.63%	10.13%	11.52%
Free Cash Flow Per Share	-37.52	18.12	11.02	43.16	50.12
Cash Interest Paid	16	-	2	-	1
Cash Income Tax Paid	49	1,786	1,317	1,272	-260
Levered Free Cash Flow	-3,629	2,259	-511.63	621	1,044
Unlevered Free Cash Flow	-3,619	2,260	-510.38	621	1,044
Change in Working Capital	-3,695	3,662	-3,349	-2,428	-1,769

Source: S&P Global Market Intelligence. Standard template. Financial Sources.