Nichiha 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	6,832	11,488	12,678	14,027	12,041
Depreciation & Amortization	5,446	5,347	3,400	4,836	4,794
Loss (Gain) From Sale of Assets	323	413	85	49	1,202
Loss (Gain) From Sale of Investments	-432	-46	1	-	-
Other Operating Activities	-2,729	-1,524	-3,910	-1,166	-4,479
Change in Accounts Receivable	747	-2,029	-183	-1,010	640
Change in Inventory	508	-4,746	-5,653	-1,999	3,564
Change in Accounts Payable	-1,692	-1,883	-38	2,133	-44
Change in Other Net Operating Assets	1,410	-101	-837	-1,877	-1,912
Operating Cash Flow	10,413	6,919	5,543	14,993	15,806
Operating Cash Flow Growth	50.50%	24.82%	-63.03%	-5.14%	-12.22%
Capital Expenditures	-4,352	-5,893	-10,088	-7,466	-10,841
Sale of Property, Plant & Equipment	7	3	14	4	7
Sale (Purchase) of Intangibles	-62	-207	-97	-293	-420
Investment in Securities	497	61	-2,447	-1	7
Other Investing Activities	874	-3	-1	-23	85
Investing Cash Flow	-3,036	-6,039	-12,619	-7,779	-11,162
Short-Term Debt Issued	965	-	80	90	90
Long-Term Debt Issued	3,055	2,696	1,911	914	2,048
Total Debt Issued	4,020	2,696	1,991	1,004	2,138
Short-Term Debt Repaid	-	-60	-	-	-
Long-Term Debt Repaid	-3,000	-2,928	-2,111	-888	-1,489
Total Debt Repaid	-3,000	-2,988	-2,111	-888	-1,489
Net Debt Issued (Repaid)	1,020	-292	-120	116	649
Repurchase of Common Stock	-5,000	-2,738	-883	-1	-1
Common Dividends Paid	-3,968	-3,822	-3,792	-3,203	-2,105
Other Financing Activities	-60	-269	-99	-124	-109
Financing Cash Flow	-8,008	-7,121	-4,894	-3,212	-1,566
Foreign Exchange Rate Adjustments	412	201	500	521	-114
Miscellaneous Cash Flow Adjustments	-	-	-	-1	-1
Net Cash Flow	-219	-6,040	-11,470	4,522	2,963
Free Cash Flow	6,061	1,026	-4,545	7,527	4,965
Free Cash Flow Growth	490.74%	-	-	51.60%	-29.64%
Free Cash Flow Margin	4.08%	0.72%	-3.29%	5.85%	4.14%
Free Cash Flow Per Share	175.39	28.38	-124.06	204.98	135.27
Cash Interest Paid	316	109	117	116	112
Cash Income Tax Paid	2,563	1,530	3,898	2,162	4,496
Levered Free Cash Flow	5,808	-2,845	-8,232	7,135	2,983
Unlevered Free Cash Flow	6,012	-2,769	-8,159	7,207	3,055
Change in Working Capital	973	-8,759	-6,711	-2,753	2,248

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