Japan Exchange Group 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	116,918	90,277	87,404	68,207	73,429
Depreciation & Amortization	18,044	18,361	18,298	18,971	17,525
Loss (Gain) on Equity Investments	-1,466	-1,034	-1,427	-1,319	-1,067
Other Operating Activities	-27,946	-21,436	-22,100	-17,478	-29,630
Change in Accounts Receivable	-4,875	-240	-3,526	-653	-369
Change in Accounts Payable	2,174	1,003	-2,185	171	295
Change in Other Net Operating Assets	4,900	-795	3,102	-1,021	-1,992
Operating Cash Flow	107,749	86,136	79,566	66,878	58,191
Operating Cash Flow Growth	25.09%	8.26%	18.97%	14.93%	-18.90%
Capital Expenditures	-973	-1,716	-6,551	-565	-2,344
Sale of Property, Plant & Equipment	-	3	7,704	-	-
Cash Acquisitions	-	-	-	-1,904	-
Sale (Purchase) of Intangibles	-7,499	-13,437	-9,043	-10,736	-12,586
Investment in Securities	-7,100	-46,100	1,590	5,600	1,544
Other Investing Activities	328	27	-866	-917	87
Investing Cash Flow	-15,244	-61,223	-7,166	-8,522	-13,299
Repurchase of Common Stock	-20,520	-728	-3,367	-12,006	-20,339
Common Dividends Paid	-56,087	-48,572	-35,562	-38,057	-36,269
Other Financing Activities	-3,873	-5,198	-4,266	-2,835	-3,139
Financing Cash Flow	-80,480	-54,498	-43,195	-52,898	-59,747
Foreign Exchange Rate Adjustments	18	-5	2	-	-
Miscellaneous Cash Flow Adjustments	-1	-	-	-1	-
Net Cash Flow	12,042	-29,590	29,207	5,457	-14,855
Free Cash Flow	106,776	84,420	73,015	66,313	55,847
Free Cash Flow Growth	26.48%	15.62%	10.11%	18.74%	-18.91%
Free Cash Flow Margin	53.73%	52.04%	47.76%	49.49%	41.24%
Free Cash Flow Per Share	103.63	81.14	70.16	62.99	52.74
Cash Interest Paid	287	165	101	90	96
Cash Income Tax Paid	28,513	21,620	22,516	17,855	29,912
Levered Free Cash Flow	86,977	15,805	61,962	58,850	39,878
Unlevered Free Cash Flow	87,162	15,909	62,025	58,906	39,938
Change in Working Capital	2,199	-32	-2,609	-1,503	-2,066

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