ORIX Corporation Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	447,265	351,630	346,132	290,340	317,376
Depreciation & Amortization	404,791	399,527	364,242	340,252	320,339
Loss (Gain) From Sale of Assets	-181,426	-164,338	-125,929	-89,932	-232,147
Asset Writedown & Restructuring Costs	16,242	25,933	1,724	2,297	35,666
Loss (Gain) From Sale of Investments	985	7,326	-3,628	-1,833	-17,497
Loss (Gain) on Equity Investments	-123,872	-57,182	-36,774	-22,081	-24,565
Provision & Write-off of Bad Debts	34,017	18,723	20,968	8,117	5,388
Other Operating Activities	390,836	447,451	447,952	409,853	380,268
Change in Accounts Receivable	4,556	-2,641	5,235	12,953	3,562
Change in Inventory	-39,823	-9,839	-58,126	-17,527	-7,053
Change in Accounts Payable	1,065	-3,910	-4,427	-12,173	14,943
Change in Income Taxes	25,872	-9,232	107,881	-128,948	92,026
Change in Other Net Operating Assets	395,623	268,258	186,193	89,915	146,642
Operating Cash Flow	1,369,567	1,300,193	1,243,402	913,088	1,103,370
Operating Cash Flow Growth	5.34%	4.57%	36.18%	-17.25%	0.09%
Capital Expenditures	-1,332,435	-1,357,672	-1,200,874	-1,080,074	-917,296
Sale of Property, Plant & Equipment	352,491	373,804	262,724	233,452	147,104
Cash Acquisitions	-129,036	-89,871	-42,486	-206,830	-87,582
Divestitures	39,696	111,043	139,525	19,987	252,921
Investment in Securities	107,603	-168,264	-471,085	-128,490	-198,811
Other Investing Activities	-12,037	24,969	12,545	1,383	13,233
Investing Cash Flow	-1,114,671	-1,309,695	-1,372,803	-1,098,478	-808,846
Short-Term Debt Issued	55,427	-	10,751	20,408	96,383
Long-Term Debt Issued	1,210,761	1,599,750	1,218,867	1,825,633	950,244
Total Debt Issued	1,266,188	1,599,750	1,229,618	1,846,041	1,046,627
Short-Term Debt Repaid	-	-98,621	-	-	-
Long-Term Debt Repaid	-1,272,574	-1,368,479	-1,177,803	-1,158,517	-1,168,113
Total Debt Repaid	-1,272,574	-1,467,100	-1,177,803	-1,158,517	-1,168,113
Net Debt Issued (Repaid)	-6,386	132,650	51,815	687,524	-121,486
Repurchase of Common Stock	-150,002	-53,518	-50,001	-52,071	-50,001
Common Dividends Paid	-170,803	-135,590	-99,900	-106,290	-99,395
Other Financing Activities	166,656	205,780	12,609	-90,855	-35,736
Financing Cash Flow	-160,535	149,322	-85,477	438,308	-306,618
Foreign Exchange Rate Adjustments	34,755	-3,144	33,277	22,178	24,331
Net Cash Flow	129,116	136,676	-181,601	275,096	12,237
Free Cash Flow	37,132	-57,479	42,528	-166,986	186,074
Free Cash Flow Growth	-	-	-	-	-45.55%
Free Cash Flow Margin	1.11%	-2.00%	1.51%	-6.27%	7.42%
Free Cash Flow Per Share	33.16	-50.21	36.62	-141.28	154.44
Cash Interest Paid	-	168,101	182,633	117,759	65,965
Cash Income Tax Paid	-	113,122	3,507	187,246	83,030
Levered Free Cash Flow	-1,643,794	568,715	-740,661	-770,634	-470,924
Unlevered Free Cash Flow	-1,522,613	674,347	-623,014	-690,734	-428,265
Change in Working Capital	380,729	271,123	228,715	-23,925	318,542

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