Mr Max Holdings 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	3,697	2,843	4,380	4,307	5,473
Depreciation & Amortization	2,686	2,575	2,385	2,340	2,385
Loss (Gain) From Sale of Assets	85	190	328	25	318
Loss (Gain) From Sale of Investments	-	-4	-	-	-
Other Operating Activities	-1,198	-635	-965	-2,945	-349
Change in Accounts Receivable	-6	-437	-384	429	239
Change in Inventory	-927	-1,091	-907	-192	-740
Change in Accounts Payable	773	946	-597	-264	1,217
Change in Other Net Operating Assets	329	-453	-270	-184	794
Operating Cash Flow	5,439	3,934	3,970	3,516	9,337
Operating Cash Flow Growth	38.26%	-0.91%	12.91%	-62.34%	156.44%
Capital Expenditures	-1,800	-2,045	-2,533	-642	-908
Sale of Property, Plant & Equipment	-	-	1,272	-	-
Sale (Purchase) of Intangibles	-366	-795	-38	-526	-365
Investment in Securities	-	14	-	-	-
Other Investing Activities	89	215	1,113	-1,606	-195
Investing Cash Flow	-2,077	-2,611	-186	-2,774	-1,468
Long-Term Debt Issued	3,500	5,500	4,500	8,500	3,000
Total Debt Issued	3,500	5,500	4,500	8,500	3,000
Short-Term Debt Repaid	-	-	-	-	-900
Long-Term Debt Repaid	-6,556	-6,131	-6,417	-7,506	-8,506
Total Debt Repaid	-6,556	-6,131	-6,417	-7,506	-9,406
Net Debt Issued (Repaid)	-3,056	-631	-1,917	994	-6,406
Common Dividends Paid	-599	-895	-895	-1,026	-464
Other Financing Activities	-339	-544	-723	-704	-665
Financing Cash Flow	-3,994	-2,070	-3,535	-736	-7,535
Foreign Exchange Rate Adjustments	-1	-	-	7	-
Miscellaneous Cash Flow Adjustments	-1	-	-	-1	-
Net Cash Flow	-634	-747	249	12	334
Free Cash Flow	3,639	1,889	1,437	2,874	8,429
Free Cash Flow Growth	92.64%	31.45%	-50.00%	-65.90%	262.38%
Free Cash Flow Margin	2.67%	1.46%	1.13%	2.30%	6.40%
Free Cash Flow Per Share	109.36	56.83	43.27	86.58	253.93
Cash Interest Paid	129	132	165	187	206
Cash Income Tax Paid	1,183	738	943	2,904	364
Levered Free Cash Flow	3,302	648.63	1,176	1,126	7,555
Unlevered Free Cash Flow	3,383	736.13	1,281	1,260	7,686
Change in Working Capital	169	-1,035	-2,158	-211	1,510

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