Maezawa Kasei Industries 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
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
Net Income	2,902	2,619	2,091	2,175	1,371	1,223
Depreciation & Amortization	1,042	1,029	1,035	1,131	1,089	1,264
Loss (Gain) From Sale of Assets	2	-	-	-	395	3
Loss (Gain) From Sale of Investments	-168	-114	-27	-	-151	-
Other Operating Activities	-876	-707	-635	-691	-275	-453
Change in Accounts Receivable	56	20	-76	-255	-913	82
Change in Inventory	-127	-39	-48	-583	-183	145
Change in Accounts Payable	583	-249	50	38	278	-15
Change in Other Net Operating Assets	-351	-685	225	-31	142	-79
Operating Cash Flow	3,063	1,874	2,615	1,784	1,753	2,170
Operating Cash Flow Growth	86.20%	-28.34%	46.58%	1.77%	-19.22%	-8.01%
Capital Expenditures	-881	-806	-614	-736	-644	-510
Sale of Property, Plant & Equipment	3	-	4	2	1	3
Cash Acquisitions	-	-	-	-152	-	-
Sale (Purchase) of Intangibles	-52	-109	-133	-22	-283	-94
Investment in Securities	-1,722	468	-14	-717	297	-3
Other Investing Activities	-10	-12	-4	31	-65	-38
Investing Cash Flow	-2,662	-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	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	-3,960	-4,020	-4,440	-4,440	-5,040
Net Debt Issued (Repaid)	-	-	-60	-40	-	-
Issuance of Common Stock	26	-	24	-	10	-
Common Dividends Paid	-1,028	-820	-746	-747	-671	-522
Other Financing Activities	-30	-30	-30	-25	-15	-16
Financing Cash Flow	-1,032	-850	-812	-812	-676	-538
Miscellaneous Cash Flow Adjustments	-2	-1	-1	-	-1	-
Net Cash Flow	-633	564	1,041	-622	382	990
Free Cash Flow	2,182	1,068	2,001	1,048	1,109	1,660
Free Cash Flow Growth	113.50%	-46.63%	90.94%	-5.50%	-33.19%	0.12%
Free Cash Flow Margin	8.79%	4.42%	8.36%	4.46%	5.07%	7.91%
Free Cash Flow Per Share	147.03	71.97	134.90	70.70	74.82	112.02
Cash Interest Paid	5	5	5	6	5	5
Cash Income Tax Paid	939	780	724	738	348	525
Levered Free Cash Flow	1,969	797.63	1,546	858.75	594.25	1,345
Unlevered Free Cash Flow	1,972	800.75	1,549	862.5	597.38	1,348
Change in Working Capital	161	-953	151	-831	-676	133

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