SRS 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	1,613	1,971	-1,472	2,188	-4,210
Depreciation & Amortization	2,266	1,780	1,684	1,560	1,875
Loss (Gain) From Sale of Assets	788	227	766	491	2,074
Loss (Gain) From Sale of Investments	-	2	2	5	-
Other Operating Activities	-755	241	-1,080	-309	-415
Change in Accounts Receivable	-257	-569	-388	-302	-228
Change in Inventory	-104	-18	-292	131	-5
Change in Accounts Payable	232	-44	1,304	434	-649
Change in Other Net Operating Assets	-106	137	1,551	507	-1,974
Operating Cash Flow	3,677	3,727	2,075	4,705	-3,532
Operating Cash Flow Growth	-1.34%	79.61%	-55.90%	-	-
Capital Expenditures	-2,193	-2,117	-1,741	-1,746	-1,021
Sale of Property, Plant & Equipment	2	43	3	4	1,824
Cash Acquisitions	-8,126	-	-830	-	-
Sale (Purchase) of Intangibles	-117	-99	-240	-134	-124
Other Investing Activities	-26	-119	7	15	203
Investing Cash Flow	-10,460	-2,292	-2,801	-1,861	882
Long-Term Debt Issued	9,953	1,000	1,019	-	4,500
Total Debt Issued	9,953	1,000	1,019	-	4,500
Long-Term Debt Repaid	-2,480	-2,022	-1,885	-2,033	-2,273
Total Debt Repaid	-2,480	-2,022	-1,885	-2,033	-2,273
Net Debt Issued (Repaid)	7,473	-1,022	-866	-2,033	2,227
Issuance of Common Stock	3	-	1,235	2,733	1,089
Common Dividends Paid	-311	-	-199	-	-
Other Financing Activities	-187	-194	-200	-150	-114
Financing Cash Flow	6,978	-1,216	-30	550	3,202
Foreign Exchange Rate Adjustments	-	2	-	9	1
Miscellaneous Cash Flow Adjustments	1	-	71	-	-
Net Cash Flow	196	221	-685	3,403	553
Free Cash Flow	1,484	1,610	334	2,959	-4,553
Free Cash Flow Growth	-7.83%	382.04%	-88.71%	-	-
Free Cash Flow Margin	2.20%	2.67%	0.61%	6.90%	-10.42%
Free Cash Flow Per Share	33.10	38.94	8.15	77.54	-130.37
Cash Interest Paid	130	109	120	128	128
Cash Income Tax Paid	749	-183	1,070	345	417
Levered Free Cash Flow	1,368	1,137	402.88	-1,573	-4,964
Unlevered Free Cash Flow	1,449	1,204	477.25	-1,493	-4,885
Change in Working Capital	-235	-494	2,175	770	-2,856

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