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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,804	1,933	2,529	2,366	1,691	917
Depreciation & Amortization	69	69	68	70	84	124
Loss (Gain) From Sale of Assets	-	-	-	-	8	8
Loss (Gain) From Sale of Investments	-56	-56	-88	-	-	-
Other Operating Activities	-573	-659	-794	-608	-486	-42
Change in Accounts Receivable	-403	-322	225	-278	-588	-264
Change in Inventory	-92	-78	-7	18	-28	-24
Change in Accounts Payable	97	42	-165	38	183	171
Change in Other Net Operating Assets	-25	-131	-82	92	381	321
Operating Cash Flow	821	798	1,686	1,698	1,245	1,211
Operating Cash Flow Growth	-47.41%	-52.67%	-0.71%	36.39%	2.81%	1885.25%
Capital Expenditures	-6	-7	-3	-9	-44	-2
Cash Acquisitions	-154	-154	-	-	-	-
Sale (Purchase) of Intangibles	-62	-62	-50	-60	-50	-44
Investment in Securities	-758	-720	89	-17	-2	-6
Other Investing Activities	-2,009	-2	-3	-6	-7	-2
Investing Cash Flow	-3,029	-985	33	-92	-103	-54
Common Dividends Paid	-459	-459	-344	-115	-76	-67
Financing Cash Flow	-456	-459	-344	-115	-76	-67
Miscellaneous Cash Flow Adjustments	2	1	-1	-1	-1	-
Net Cash Flow	-2,662	-645	1,374	1,490	1,065	1,090
Free Cash Flow	815	791	1,683	1,689	1,201	1,209
Free Cash Flow Growth	-47.69%	-53.00%	-0.36%	40.63%	-0.66%	2848.78%
Free Cash Flow Margin	9.93%	9.71%	19.61%	20.25%	17.10%	21.62%
Free Cash Flow Per Share	212.50	206.01	438.32	439.88	625.57	314.87
Cash Income Tax Paid	568	655	793	612	487	43
Levered Free Cash Flow	589.25	535.13	1,378	1,322	970.88	1,131
Unlevered Free Cash Flow	589.25	535.13	1,378	1,322	970.88	1,131
Change in Working Capital	-423	-489	-29	-130	-52	204

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