Axial Retailing Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	9,625	12,571	10,815	9,629	10,323	12,212
Depreciation & Amortization	5,955	5,812	5,355	5,126	4,929	4,694
Loss (Gain) From Sale of Assets	16	140	1,519	1,249	285	359
Loss (Gain) From Sale of Investments	-	-2	-2	-35	6	-4
Other Operating Activities	930	-3,980	-3,574	-2,550	-4,858	-3,349
Change in Accounts Receivable	-743	-1,182	-1,009	-878	-1,201	-125
Change in Inventory	-251	-371	88	-514	90	-304
Change in Accounts Payable	1,062	-264	2,849	469	-20	-319
Change in Other Net Operating Assets	-372	-909	1,058	98	-125	1,286
Operating Cash Flow	16,346	11,815	17,099	12,594	9,429	14,450
Operating Cash Flow Growth	21.95%	-30.90%	35.77%	33.57%	-34.75%	26.73%
Capital Expenditures	-4,407	-7,183	-10,955	-9,217	-6,030	-7,269
Sale of Property, Plant & Equipment	-	-	3	126	559	1
Sale (Purchase) of Intangibles	-432	-500	-743	-465	-385	-377
Investment in Securities	-	5	22	58	26	18
Other Investing Activities	69	9	-196	203	27	2
Investing Cash Flow	-4,772	-7,670	-11,864	-9,290	-5,796	-7,626
Total Debt Issued	-1,700	-	-	-	-	-
Long-Term Debt Repaid	-	-	-	-	-	-42
Total Debt Repaid	-273	-	-	-	-	-42
Net Debt Issued (Repaid)	-1,973	-	-	-	-	-42
Repurchase of Common Stock	-2,055	-773	-1,510	-	-	-1
Common Dividends Paid	-2,560	-2,235	-1,942	-1,838	-1,839	-1,770
Other Financing Activities	1	-269	-303	-377	-366	-361
Financing Cash Flow	-6,587	-3,277	-3,755	-2,215	-2,205	-2,174
Miscellaneous Cash Flow Adjustments	-2	-1	-1	-	-2	-2
Net Cash Flow	4,985	867	1,479	1,089	1,426	4,648
Free Cash Flow	11,939	4,632	6,144	3,377	3,399	7,181
Free Cash Flow Growth	100.22%	-24.61%	81.94%	-0.65%	-52.67%	45.95%
Free Cash Flow Margin	4.06%	1.64%	2.27%	1.32%	1.38%	2.80%
Free Cash Flow Per Share	134.04	51.19	67.52	36.64	36.88	77.91
Cash Interest Paid	40	42	39	40	41	45
Cash Income Tax Paid	3,264	3,961	3,548	2,521	4,823	3,317
Levered Free Cash Flow	-	2,571	4,135	1,720	1,997	6,207
Unlevered Free Cash Flow	-	2,603	4,165	1,750	2,028	6,241
Change in Working Capital	-304	-2,726	2,986	-825	-1,256	538

Source: S&P Global Market Intelligence. Standard template. Financial Sources.