Koyosha 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	103	185	84	17	-69
Depreciation & Amortization	159	135	134	165	169
Loss (Gain) From Sale of Assets	-	31	5	-	-
Other Operating Activities	-38	-9	4	31	40
Change in Accounts Receivable	-38	83	-172	115	33
Change in Inventory	31	2	3	-40	20
Change in Accounts Payable	-190	-77	38	-39	62
Change in Other Net Operating Assets	-13	-133	-38	-70	-53
Operating Cash Flow	14	217	58	179	202
Operating Cash Flow Growth	-93.55%	274.14%	-67.60%	-11.39%	43.26%
Capital Expenditures	-93	-218	-25	-13	-68
Sale of Property, Plant & Equipment	-	68	-	-	-
Sale (Purchase) of Intangibles	-3	-	-3	-29	-4
Investment in Securities	-50	150	-96	-64	2
Other Investing Activities	69	97	-	3	10
Investing Cash Flow	-77	97	-124	-103	-60
Long-Term Debt Issued	160	115	-	-	250
Long-Term Debt Repaid	-80	-276	-71	-76	-69
Total Debt Repaid	-80	-276	-71	-76	-69
Net Debt Issued (Repaid)	80	-161	-71	-76	181
Repurchase of Common Stock	-195	-	-495	-	-
Common Dividends Paid	-34	-	-	-	-
Other Financing Activities	1	-	-	-	-
Financing Cash Flow	-148	-161	-566	-76	181
Miscellaneous Cash Flow Adjustments	-	1	-1	-	-
Net Cash Flow	-211	154	-633	-	323
Free Cash Flow	-79	-1	33	166	134
Free Cash Flow Growth	-	-	-80.12%	23.88%	-
Free Cash Flow Margin	-1.67%	-0.02%	0.77%	4.09%	3.50%
Free Cash Flow Per Share	-116.86	-1.47	48.25	150.63	120.18
Cash Interest Paid	1	2	2	3	3
Cash Income Tax Paid	36	16	18	9	9
Levered Free Cash Flow	-122.13	24.75	-506.75	610.88	112.25
Unlevered Free Cash Flow	-121.5	26	-505.5	612.75	114.13
Change in Working Capital	-210	-125	-169	-34	62

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