KUWAZAWA Holdings 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	1,117	1,263	1,069	987	637
Depreciation & Amortization	310	387	427	476	669
Loss (Gain) From Sale of Assets	533	8	16	29	650
Loss (Gain) From Sale of Investments	9	-6	-2	-19	-2
Loss (Gain) on Equity Investments	-51	-50	-55	-42	-47
Other Operating Activities	-718	-531	-335	-589	-546
Change in Accounts Receivable	1,178	-3,452	-653	1,248	1,096
Change in Inventory	92	-249	-186	731	1,396
Change in Accounts Payable	-353	1,286	980	-939	-1,263
Change in Other Net Operating Assets	451	31	55	-1,122	-422
Operating Cash Flow	2,568	-1,313	1,316	760	2,168
Operating Cash Flow Growth	-	-	73.16%	-64.94%	150.06%
Capital Expenditures	-357	-458	-177	-86	-91
Sale of Property, Plant & Equipment	156	-3	10	-2	221
Cash Acquisitions	-	-93	-	-	-319
Investment in Securities	-5	26	26	41	26
Other Investing Activities	1	-1	38	4	263
Investing Cash Flow	-193	-563	-92	24	161
Short-Term Debt Issued	50	-	-	-	-
Long-Term Debt Issued	-	1,150	-	-	2,200
Total Debt Issued	50	1,150	-	-	2,200
Short-Term Debt Repaid	-	-	-	-1,150	-2,350
Long-Term Debt Repaid	-470	-1,773	-490	-490	-485
Total Debt Repaid	-470	-1,773	-490	-1,640	-2,835
Net Debt Issued (Repaid)	-420	-623	-490	-1,640	-635
Repurchase of Common Stock	-57	-	-	-	-
Common Dividends Paid	-225	-180	-150	-90	-90
Other Financing Activities	-25	-73	-80	-100	-107
Financing Cash Flow	-727	-876	-720	-1,830	-832
Miscellaneous Cash Flow Adjustments	-	12	-1	2	-
Net Cash Flow	1,648	-2,740	503	-1,044	1,497
Free Cash Flow	2,211	-1,771	1,139	674	2,077
Free Cash Flow Growth	-	-	68.99%	-67.55%	245.02%
Free Cash Flow Margin	3.38%	-2.73%	1.77%	1.07%	2.21%
Free Cash Flow Per Share	147.02	-117.80	75.79	44.85	138.20
Cash Interest Paid	55	52	64	73	70
Cash Income Tax Paid	732	544	338	591	552
Levered Free Cash Flow	1,461	-1,306	1,174	558.88	2,141
Unlevered Free Cash Flow	1,496	-1,272	1,212	603.88	2,185
Change in Working Capital	1,368	-2,384	196	-82	807

Source: S&P Global Market Intelligence. Standard template. Financial Sources.