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 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	2,715	3,697	2,843	4,380	4,307
Depreciation & Amortization	3,044	2,686	2,575	2,385	2,340
Loss (Gain) From Sale of Assets	213	85	190	328	25
Asset Writedown & Restructuring Costs	265	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	-4	-	-
Other Operating Activities	-354	-1,198	-635	-965	-2,945
Change in Accounts Receivable	-225	-6	-437	-384	429
Change in Inventory	-547	-927	-1,091	-907	-192
Change in Accounts Payable	-1,359	773	946	-597	-264
Change in Other Net Operating Assets	269	329	-453	-270	-184
Operating Cash Flow	4,021	5,439	3,934	3,970	3,516
Operating Cash Flow Growth	-26.07%	38.26%	-0.91%	12.91%	-62.34%
Capital Expenditures	-4,162	-1,800	-2,045	-2,533	-642
Sale of Property, Plant & Equipment	-	-	-	1,272	-
Sale (Purchase) of Intangibles	-224	-366	-795	-38	-526
Investment in Securities	-705	-	14	-	-
Other Investing Activities	-	89	215	1,113	-1,606
Investing Cash Flow	-5,091	-2,077	-2,611	-186	-2,774
Short-Term Debt Issued	1,200	-	-	-	-
Long-Term Debt Issued	8,000	3,500	5,500	4,500	8,500
Total Debt Issued	9,200	3,500	5,500	4,500	8,500
Long-Term Debt Repaid	-7,003	-6,556	-6,131	-6,417	-7,506
Total Debt Repaid	-7,003	-6,556	-6,131	-6,417	-7,506
Net Debt Issued (Repaid)	2,197	-3,056	-631	-1,917	994
Common Dividends Paid	-765	-599	-895	-895	-1,026
Other Financing Activities	-2	-339	-544	-723	-704
Financing Cash Flow	1,430	-3,994	-2,070	-3,535	-736
Foreign Exchange Rate Adjustments	-4	-1	-	-	7
Miscellaneous Cash Flow Adjustments	-1	-1	-	-	-1
Net Cash Flow	355	-634	-747	249	12
Free Cash Flow	-141	3,639	1,889	1,437	2,874
Free Cash Flow Growth	-	92.64%	31.45%	-50.00%	-65.90%
Free Cash Flow Margin	-0.10%	2.67%	1.46%	1.13%	2.30%
Free Cash Flow Per Share	-4.23	109.36	56.83	43.27	86.58
Cash Interest Paid	168	129	132	165	187
Cash Income Tax Paid	1,643	1,183	738	943	2,904
Levered Free Cash Flow	-564.5	3,302	648.63	1,176	1,126
Unlevered Free Cash Flow	-458.88	3,383	736.13	1,281	1,260
Change in Working Capital	-1,862	169	-1,035	-2,158	-211

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.