TOPPAN Holdings Inc. (TYO:7911)

TOPPAN Holdings Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	105,362	184,134	125,956	109,558	180,943
Depreciation & Amortization	87,749	81,498	86,939	75,464	66,581
Loss (Gain) From Sale of Assets	16,909	72,979	22,751	23,512	5,610
Loss (Gain) From Sale of Investments	-52,814	-171,988	-71,390	-52,444	-108,331
Loss (Gain) on Equity Investments	-7,913	-2,073	-2,522	-2,364	-1,625
Other Operating Activities	-96,989	-50,396	-32,236	-53,341	-47,533
Change in Accounts Receivable	-32,238	2,787	-5,322	12,889	-23,276
Change in Inventory	-1,258	3,862	-1,072	-14,012	-12,265
Change in Accounts Payable	-36,840	-21,650	-47,377	-5,473	6,362
Change in Other Net Operating Assets	104,154	-34,357	81,775	12,291	-1,718
Operating Cash Flow	86,122	64,796	157,502	106,080	64,748
Operating Cash Flow Growth	32.91%	-58.86%	48.48%	63.83%	-15.76%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-128,790	-123,128	-81,776	-65,394	-42,539
Sale of Property, Plant & Equipment	4,366	10,586	3,545	3,484	7,426
Cash Acquisitions	-295,449	-18,266	-14,622	-7,415	-26,418
Divestitures	347	-4,928	-	1,303	308
Sale (Purchase) of Intangibles	-19,166	-20,605	-20,128	-18,701	-12,729
Investment in Securities	73,392	207,104	119,061	57,789	109,425
Other Investing Activities	-82	4,291	-7,172	-2,480	-2,649
Investing Cash Flow	-382,156	47,017	-8,653	-31,414	32,802

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	291,894	-	10,735	-
Long-Term Debt Issued	237,772	5,572	2,704	4,924	19,124
Total Debt Issued	237,772	297,466	2,704	15,659	19,124
Short-Term Debt Repaid	-182,260	-	-10,205	-	-18,532
Long-Term Debt Repaid	-27,229	-40,613	-15,544	-52,663	-91,437
Total Debt Repaid	-209,489	-40,613	-25,749	-52,663	-109,969
Net Debt Issued (Repaid)	28,283	256,853	-23,045	-37,004	-90,845
Repurchase of Common Stock	-30,030	-102,653	-44,902	-16,971	-15,678
Common Dividends Paid	-17,440	-14,918	-15,621	-15,315	-13,619
Other Financing Activities	-9,746	-18,950	-2,104	19,162	-66,814
Financing Cash Flow	-28,933	120,332	-85,672	-50,128	-186,956

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	13,728	-1,839	12,033	8,804	6,433
Miscellaneous Cash Flow Adjustments	-30,707	1	-	-	1
Net Cash Flow	-341,946	230,307	75,210	33,342	-82,972

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-42,668	-58,332	75,726	40,686	22,209
Free Cash Flow Growth	-	-	86.12%	83.20%	9.67%
Free Cash Flow Margin	-2.36%	-3.40%	4.51%	2.48%	1.44%
Free Cash Flow Per Share	-149.51	-193.24	235.72	123.71	65.84
Levered Free Cash Flow	-124,361	-8,522	51,627	19,026	26,782
Unlevered Free Cash Flow	-118,813	-5,162	54,894	21,716	29,274

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	6,771	5,292	5,341	4,276	4,012
Cash Income Tax Paid	98,902	50,626	32,431	53,923	48,721
Change in Working Capital	33,818	-49,358	28,004	5,695	-30,897

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 26, 2026

Data Sources Report a data error