Estelle Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	2016 - 2020
Net Income	-448	-190	72	105	342	43	Upgrade
Depreciation & Amortization	359	382	422	408	503	536	Upgrade
Loss (Gain) From Sale of Assets	385	322	276	363	541	187	Upgrade
Loss (Gain) From Sale of Investments	-	-	-43	-122	25	13	Upgrade
Other Operating Activities	-225	-280	-137	-223	146	-674	Upgrade
Change in Accounts Receivable	-	268	-389	53	-14	-240	Upgrade
Change in Inventory	765	345	635	-1,426	-1,251	281	Upgrade
Change in Accounts Payable	84	-94	-161	-408	119	-598	Upgrade
Change in Other Net Operating Assets	-710	-635	309	100	-377	583	Upgrade
Operating Cash Flow	210	118	984	-1,150	34	131	Upgrade
Operating Cash Flow Growth	-84.63%	-88.01%	-	-	-74.05%	-90.68%	Upgrade
Capital Expenditures	-1,003	-462	-582	-467	-433	-566	Upgrade
Cash Acquisitions	-	-	-	-10	-	-	Upgrade
Investment in Securities	141	139	26	152	-15	-3	Upgrade
Other Investing Activities	-54	22	-20	-16	102	69	Upgrade
Investing Cash Flow	-933	-306	-546	-383	-349	-500	Upgrade
Long-Term Debt Issued	-	3,600	4,260	4,290	5,150	4,450	Upgrade
Long-Term Debt Repaid	-	-4,379	-4,592	-4,475	-4,363	-4,353	Upgrade
Total Debt Repaid	-4,266	-4,379	-4,592	-4,475	-4,363	-4,353	Upgrade
Net Debt Issued (Repaid)	-1,466	-779	-332	-185	787	97	Upgrade
Repurchase of Common Stock	-	-	-92	-	-	-	Upgrade
Common Dividends Paid	-282	-282	-286	-286	-286	-286	Upgrade
Other Financing Activities	269	62	-1	-1	-2	-1	Upgrade
Financing Cash Flow	-1,479	-999	-711	-472	499	-190	Upgrade
Foreign Exchange Rate Adjustments	-53	17	8	14	20	-9	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	1	8	-	-1	Upgrade
Net Cash Flow	-2,256	-1,171	-264	-1,983	204	-569	Upgrade
Free Cash Flow	-793	-344	402	-1,617	-399	-435	Upgrade
Free Cash Flow Margin	-2.53%	-1.10%	1.27%	-5.46%	-1.33%	-1.56%	Upgrade
Free Cash Flow Per Share	-75.69	-32.83	38.29	-152.16	-37.55	-40.93	Upgrade
Cash Interest Paid	72	59	48	37	36	35	Upgrade
Cash Income Tax Paid	82	99	137	237	-16	502	Upgrade
Levered Free Cash Flow	194	228.25	185.13	-1,869	-844.75	-237.5	Upgrade
Unlevered Free Cash Flow	239.63	265.13	214.5	-1,846	-821.63	-215.63	Upgrade
Change in Working Capital	139	-116	394	-1,681	-1,523	26	Upgrade

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