Retail Partners Cash Flow Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	7,623	6,917	4,623	5,074	7,582
Depreciation & Amortization	4,216	4,134	3,982	4,003	3,495
Loss (Gain) From Sale of Assets	371	877	1,549	1,181	1,345
Loss (Gain) From Sale of Investments	-15	-11	20	37	370
Other Operating Activities	-2,420	-1,722	-1,300	-3,401	-1,415
Change in Accounts Receivable	-327	-748	-148	-377	-223
Change in Inventory	-512	-277	-514	-280	101
Change in Accounts Payable	177	1,345	-311	-63	48
Change in Other Net Operating Assets	-274	990	294	-1,164	938
Operating Cash Flow	8,839	11,505	8,195	5,010	12,241
Operating Cash Flow Growth	-23.17%	40.39%	63.57%	-59.07%	53.47%
Capital Expenditures	-4,443	-4,219	-6,910	-5,825	-6,309
Sale of Property, Plant & Equipment	-30	-327	3	316	-82
Cash Acquisitions	-	-513	-	-992	-74
Investment in Securities	-1,445	-19	-91	-48	217
Other Investing Activities	-16	-51	116	-120	96
Investing Cash Flow	-5,921	-5,121	-6,855	-6,780	-6,133
Short-Term Debt Issued	250	-	-	-	-
Long-Term Debt Issued	-	1,000	2,600	1,800	4,900
Total Debt Issued	250	1,000	2,600	1,800	4,900
Short-Term Debt Repaid	-	-50	-	-	-3,200
Long-Term Debt Repaid	-2,348	-1,973	-1,729	-1,836	-1,718
Total Debt Repaid	-2,348	-2,023	-1,729	-1,836	-4,918
Net Debt Issued (Repaid)	-2,098	-1,023	871	-36	-18
Repurchase of Common Stock	-	-300	-900	-	-
Common Dividends Paid	-1,286	-989	-964	-921	-963
Other Financing Activities	-306	-371	-401	-435	-341
Financing Cash Flow	-3,690	-2,683	-1,394	-1,392	-1,322
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-1
Net Cash Flow	-772	3,700	-54	-3,162	4,785
Free Cash Flow	4,396	7,286	1,285	-815	5,932
Free Cash Flow Growth	-39.66%	467.00%	-	-	344.01%
Free Cash Flow Margin	1.65%	2.89%	0.55%	-0.34%	2.45%
Free Cash Flow Per Share	102.42	169.68	29.41	-18.59	135.32
Cash Interest Paid	66	61	55	56	57
Cash Income Tax Paid	2,402	1,725	1,312	3,420	1,442
Levered Free Cash Flow	2,518	6,619	493.38	-2,098	4,714
Unlevered Free Cash Flow	2,558	6,660	527.75	-2,063	4,749
Change in Working Capital	-936	1,310	-679	-1,884	864

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.