Maezawa Kasei Industries 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	2,619	2,091	2,175	1,371	1,223
Depreciation & Amortization	1,029	1,035	1,131	1,089	1,264
Loss (Gain) From Sale of Assets	-	-	-	395	3
Loss (Gain) From Sale of Investments	-114	-27	-	-151	-
Other Operating Activities	-707	-635	-691	-275	-453
Change in Accounts Receivable	20	-76	-255	-913	82
Change in Inventory	-39	-48	-583	-183	145
Change in Accounts Payable	-249	50	38	278	-15
Change in Other Net Operating Assets	-685	225	-31	142	-79
Operating Cash Flow	1,874	2,615	1,784	1,753	2,170
Operating Cash Flow Growth	-28.34%	46.58%	1.77%	-19.22%	-8.01%
Capital Expenditures	-806	-614	-736	-644	-510
Sale of Property, Plant & Equipment	-	4	2	1	3
Cash Acquisitions	-	-	-152	-	-
Sale (Purchase) of Intangibles	-109	-133	-22	-283	-94
Investment in Securities	468	-14	-717	297	-3
Other Investing Activities	-12	-4	31	-65	-38
Investing Cash Flow	-459	-761	-1,594	-694	-642
Short-Term Debt Issued	3,960	3,960	4,400	4,440	4,980
Long-Term Debt Issued	-	-	-	-	60
Total Debt Issued	3,960	3,960	4,400	4,440	5,040
Short-Term Debt Repaid	-3,960	-3,960	-4,440	-4,440	-5,040
Long-Term Debt Repaid	-	-60	-	-	-
Total Debt Repaid	-3,960	-4,020	-4,440	-4,440	-5,040
Net Debt Issued (Repaid)	-	-60	-40	-	-
Issuance of Common Stock	-	24	-	10	-
Common Dividends Paid	-820	-746	-747	-671	-522
Other Financing Activities	-30	-30	-25	-15	-16
Financing Cash Flow	-850	-812	-812	-676	-538
Miscellaneous Cash Flow Adjustments	-1	-1	-	-1	-
Net Cash Flow	564	1,041	-622	382	990
Free Cash Flow	1,068	2,001	1,048	1,109	1,660
Free Cash Flow Growth	-46.63%	90.94%	-5.50%	-33.19%	0.12%
Free Cash Flow Margin	4.42%	8.36%	4.46%	5.07%	7.91%
Free Cash Flow Per Share	71.97	134.90	70.70	74.82	112.02
Cash Interest Paid	5	5	6	5	5
Cash Income Tax Paid	780	724	738	348	525
Levered Free Cash Flow	797.63	1,546	858.75	594.25	1,345
Unlevered Free Cash Flow	800.75	1,549	862.5	597.38	1,348
Change in Working Capital	-953	151	-831	-676	133

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.