Meiwa 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	4,708	4,058	3,206	3,589	1,765
Depreciation & Amortization	257	255	255	271	227
Loss (Gain) From Sale of Assets	12	-	-	29	1
Loss (Gain) From Sale of Investments	-174	-24	-6	-201	12
Loss (Gain) on Equity Investments	-499	-534	1,155	306	568
Other Operating Activities	-1,121	-1,463	-1,237	-573	-955
Change in Accounts Receivable	7,388	-2,657	-223	-8,123	-5
Change in Inventory	1,008	932	-857	-530	992
Change in Accounts Payable	-7,205	4,991	1,731	2,039	916
Change in Other Net Operating Assets	-40	99	41	-113	973
Operating Cash Flow	4,334	5,657	4,065	-3,306	4,494
Operating Cash Flow Growth	-23.39%	39.16%	-	-	51.41%
Capital Expenditures	-172	-202	-46	-64	-325
Sale of Property, Plant & Equipment	9	1	2	1	-
Cash Acquisitions	-	-	477	-	-
Sale (Purchase) of Intangibles	-20	-25	-4	-13	-207
Investment in Securities	403	23	402	-228	-5
Other Investing Activities	-9	-6	-6	-3	-7
Investing Cash Flow	350	-202	804	-320	-542
Short-Term Debt Issued	-	-	1,288	1,981	-
Long-Term Debt Issued	-	500	100	50	540
Total Debt Issued	-	500	1,388	2,031	540
Short-Term Debt Repaid	-3,304	-2,966	-	-	-1,127
Long-Term Debt Repaid	-20	-615	-31	-50	-500
Total Debt Repaid	-3,324	-3,581	-31	-50	-1,627
Net Debt Issued (Repaid)	-3,324	-3,081	1,357	1,981	-1,087
Repurchase of Common Stock	-936	-142	-	-	-
Common Dividends Paid	-1,412	-1,044	-3,006	-2,589	-501
Other Financing Activities	-139	-79	-74	-62	-58
Financing Cash Flow	-5,811	-4,346	-1,723	-670	-1,646
Foreign Exchange Rate Adjustments	-84	50	-49	110	31
Miscellaneous Cash Flow Adjustments	1	16	-	-	120
Net Cash Flow	-1,210	1,175	3,097	-4,186	2,457
Free Cash Flow	4,162	5,455	4,019	-3,370	4,169
Free Cash Flow Growth	-23.70%	35.73%	-	-	63.49%
Free Cash Flow Margin	2.66%	3.45%	2.56%	-2.36%	3.20%
Free Cash Flow Per Share	102.65	130.89	96.23	-80.69	99.83
Cash Interest Paid	45	75	133	72	91
Cash Income Tax Paid	1,199	1,495	1,136	586	1,029
Levered Free Cash Flow	4,246	4,372	4,034	-5,674	2,466
Unlevered Free Cash Flow	4,273	4,418	4,117	-5,631	2,522
Change in Working Capital	1,151	3,365	692	-6,727	2,876

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