Tsuzuki Denki 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	6,848	8,415	5,579	4,430	3,238
Depreciation & Amortization	1,349	1,621	2,214	2,621	2,453
Loss (Gain) From Sale of Assets	23	-1,399	172	3	101
Loss (Gain) From Sale of Investments	-213	-584	-397	-211	33
Other Operating Activities	-2,258	-1,944	-1,673	-211	-1,039
Change in Accounts Receivable	-361	-476	587	-860	-1,653
Change in Inventory	1,047	2,333	-4,188	173	891
Change in Accounts Payable	-1,071	-370	1,930	-975	-2,389
Change in Other Net Operating Assets	-1,957	-2,642	39	590	-886
Operating Cash Flow	3,407	4,954	4,263	5,560	749
Operating Cash Flow Growth	-31.23%	16.21%	-23.33%	642.32%	-90.67%
Capital Expenditures	-277	-424	-283	-1,061	-1,245
Sale of Property, Plant & Equipment	33	3,934	266	908	791
Cash Acquisitions	-	-	-	-	-148
Divestitures	-	8,542	-	-	-
Sale (Purchase) of Intangibles	-1,012	-364	-755	-522	-690
Investment in Securities	305	1,087	717	655	75
Other Investing Activities	154	-315	90	14	-56
Investing Cash Flow	-792	15,466	39	-4	-1,271
Short-Term Debt Issued	-	-	-	211	87
Long-Term Debt Issued	-	-	4,100	-	400
Total Debt Issued	-	-	4,100	211	487
Short-Term Debt Repaid	-140	-114	-323	-	-
Long-Term Debt Repaid	-8	-140	-4,291	-161	-23
Total Debt Repaid	-148	-254	-4,614	-161	-23
Net Debt Issued (Repaid)	-148	-254	-514	50	464
Issuance of Common Stock	136	385	283	215	854
Repurchase of Common Stock	-	-275	-5	-	-664
Common Dividends Paid	-1,821	-1,379	-932	-1,006	-1,093
Other Financing Activities	-762	-1,090	-1,444	-1,672	-1,590
Financing Cash Flow	-2,595	-2,613	-2,612	-2,413	-2,029
Foreign Exchange Rate Adjustments	-	31	24	61	22
Miscellaneous Cash Flow Adjustments	-1	1	-	-2	1
Net Cash Flow	19	17,839	1,714	3,202	-2,528
Free Cash Flow	3,130	4,530	3,980	4,499	-496
Free Cash Flow Growth	-30.90%	13.82%	-11.54%	-	-
Free Cash Flow Margin	3.19%	3.63%	3.21%	3.77%	-0.41%
Free Cash Flow Per Share	173.00	252.04	223.22	254.81	-28.34
Cash Interest Paid	88	90	114	130	123
Cash Income Tax Paid	2,336	1,946	1,851	393	1,229
Levered Free Cash Flow	1,868	19,813	3,005	2,866	-2,217
Unlevered Free Cash Flow	1,923	19,869	3,076	2,947	-2,140
Change in Working Capital	-2,342	-1,155	-1,632	-1,072	-4,037

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