ASICS Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	98,719	93,244	50,572	19,887	9,403
Depreciation & Amortization	25,923	21,242	17,115	16,417	14,347
Loss (Gain) From Sale of Assets	-1,984	1,839	4,646	-244	158
Asset Writedown & Restructuring Costs	2,388	-	-	1,827	1,997
Loss (Gain) From Sale of Investments	80	-6,787	-7,770	301	69
Provision & Write-off of Bad Debts	209	-	-	171	912
Other Operating Activities	15,223	-19,094	-12,901	-8,684	879
Change in Accounts Receivable	-10,117	-7,104	8,476	-14,684	3,879
Change in Inventory	-32,901	-9,926	17,372	-47,764	12,943
Change in Accounts Payable	6,385	17,786	-5,310	9,338	-4,760
Change in Other Net Operating Assets	5,987	13,414	17,895	2,008	9,319
Operating Cash Flow	109,912	104,614	90,095	-21,427	49,146
Operating Cash Flow Growth	5.06%	16.11%	-	-	154.25%
Capital Expenditures	-16,191	-11,375	-5,185	-3,444	-3,306
Sale of Property, Plant & Equipment	3,612	670	219	1,231	365
Cash Acquisitions	118	-	-	-2,511	-209
Divestitures	422	-	7,956	-	-
Sale (Purchase) of Intangibles	-14,103	-12,664	-10,341	-8,028	-6,305
Investment in Securities	-395	11,600	2,611	-548	-288
Other Investing Activities	-2,880	-1,208	93	-1,183	-432
Investing Cash Flow	-29,414	-7,558	-4,640	-14,481	-10,168
Short-Term Debt Issued	2,500	-	-	16,800	-
Long-Term Debt Issued	-	-	24,872	-	9,954
Total Debt Issued	2,500	-	24,872	16,800	9,954
Short-Term Debt Repaid	-	-	-22,000	-	-1,027
Long-Term Debt Repaid	-42,480	-20,087	-15,311	-9,353	-28,300
Total Debt Repaid	-42,480	-20,087	-37,311	-9,353	-29,327
Net Debt Issued (Repaid)	-39,980	-20,087	-12,439	7,447	-19,373
Issuance of Common Stock	7	-	-	-	-
Repurchase of Common Stock	-50,003	-35,014	-4	-4	-6
Common Dividends Paid	-15,734	-14,542	-8,963	-5,126	-6,590
Other Financing Activities	-165	-14,679	-18,846	-3	-
Financing Cash Flow	-105,875	-84,322	-40,252	2,314	-25,969
Foreign Exchange Rate Adjustments	10,624	937	2,294	4,123	1,793
Miscellaneous Cash Flow Adjustments	1	-	-	-	-
Net Cash Flow	-14,752	13,671	47,497	-29,471	14,802
Free Cash Flow	93,721	93,239	84,910	-24,871	45,840
Free Cash Flow Growth	0.52%	9.81%	-	-	194.56%
Free Cash Flow Margin	11.56%	13.74%	14.88%	-5.13%	11.34%
Free Cash Flow Per Share	130.98	128.84	115.77	-33.93	62.56
Cash Interest Paid	5,128	5,516	4,777	2,505	1,713
Cash Income Tax Paid	28,055	18,834	12,717	11,356	3,203
Levered Free Cash Flow	71,939	66,177	61,904	-30,116	11,543
Unlevered Free Cash Flow	75,092	69,569	64,933	-28,452	12,619
Change in Working Capital	-30,646	14,170	38,433	-51,102	21,381

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