Maruhachi Securities Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	603	766	117	449	601
Depreciation & Amortization, Total	52	57	51	34	23
Gain (Loss) On Sale of Investments	-134	-63	28	-39	18
Change in Other Net Operating Assets	-139	849	-	-425	-1,100
Other Operating Activities	-417	19	-127	-253	-26
Operating Cash Flow	-35	1,628	69	-234	-484
Capital Expenditures	-24	-53	-128	-24	-58
Sale (Purchase) of Intangibles	-8	-4	-	-3	-
Investment in Securities	-677	-255	-865	358	940
Other Investing Activities	214	-214	-30	-27	4
Investing Cash Flow	-495	-526	-1,023	304	907
Common Dividends Paid	-319	-119	-159	-199	-119
Financing Cash Flow	-319	-119	-159	-199	-119
Net Cash Flow	-850	982	-1,113	-130	304
Free Cash Flow	-59	1,575	-59	-258	-542
Free Cash Flow Margin	-1.92%	48.33%	-2.36%	-9.02%	-17.88%
Free Cash Flow Per Share	-14.78	394.64	-14.78	-64.64	-135.81
Cash Income Tax Paid	418	-19	128	254	39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.