The Kosei Securities 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	254	-463	444	-394	-209
Depreciation & Amortization, Total	59	61	58	53	69
Gain (Loss) On Sale of Investments	-	-17	75	-	-
Change in Other Net Operating Assets	-535	-1,202	262	760	-903
Other Operating Activities	-8	-72	-5	-36	-49
Operating Cash Flow	-230	-1,693	831	383	-1,092
Capital Expenditures	-6	-4	-61	-6	-6
Sale (Purchase) of Intangibles	-1	-	-	-7	-
Investment in Securities	-81	-689	-465	-240	-117
Other Investing Activities	119	206	104	93	328
Investing Cash Flow	31	-487	-419	-160	205
Common Dividends Paid	-47	-160	-47	-47	-123
Other Financing Activities	-	-	-	-1	-
Financing Cash Flow	-47	-160	-47	-48	-123
Net Cash Flow	-245	-2,341	364	174	-1,010
Free Cash Flow	-236	-1,697	770	377	-1,098
Free Cash Flow Growth	-	-	104.24%	-	-
Free Cash Flow Margin	-22.33%	-307.99%	53.25%	89.34%	-253.58%
Free Cash Flow Per Share	-24.97	-179.58	81.48	39.89	-116.18
Cash Income Tax Paid	7	71	5	39	49

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