Starts Publishing Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,960	2,529	2,366	1,691	917	262
Depreciation & Amortization	68	68	70	84	124	131
Loss (Gain) From Sale of Assets	-	-	-	8	8	-
Loss (Gain) From Sale of Investments	-49	-88	-	-	-	-
Other Operating Activities	-657	-794	-608	-486	-42	-219
Change in Accounts Receivable	108	225	-278	-588	-264	77
Change in Inventory	-51	-7	18	-28	-24	40
Change in Accounts Payable	-48	-165	38	183	171	39
Change in Other Net Operating Assets	-210	-82	92	381	321	-269
Operating Cash Flow	1,121	1,686	1,698	1,245	1,211	61
Operating Cash Flow Growth	-43.04%	-0.71%	36.39%	2.81%	1885.25%	-87.82%
Capital Expenditures	-7	-3	-9	-44	-2	-20
Sale (Purchase) of Intangibles	-65	-50	-60	-50	-44	-77
Investment in Securities	45	89	-17	-2	-6	-
Other Investing Activities	-3	-3	-6	-7	-2	-3
Investing Cash Flow	-224	33	-92	-103	-54	-100
Common Dividends Paid	-459	-344	-115	-76	-67	-67
Financing Cash Flow	-459	-344	-115	-76	-67	-67
Miscellaneous Cash Flow Adjustments	-2	-1	-1	-1	-	-
Net Cash Flow	436	1,374	1,490	1,065	1,090	-106
Free Cash Flow	1,114	1,683	1,689	1,201	1,209	41
Free Cash Flow Growth	-43.28%	-0.36%	40.63%	-0.66%	2848.78%	-91.73%
Free Cash Flow Margin	14.01%	19.61%	20.25%	17.10%	21.62%	0.92%
Free Cash Flow Per Share	290.13	438.32	439.88	625.57	314.87	10.68
Cash Income Tax Paid	655	793	612	487	43	217
Levered Free Cash Flow	794.63	1,378	1,322	970.88	1,131	-116.75
Unlevered Free Cash Flow	794.63	1,378	1,322	970.88	1,131	-116.75
Change in Working Capital	-201	-29	-130	-52	204	-113

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.