Starts Corporation Inc. (TYO:8850)

Starts Corporation Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	38,310	37,880	36,039	33,280	30,227	25,611
Depreciation & Amortization	7,238	7,081	6,740	6,096	5,484	5,122
Loss (Gain) From Sale of Assets	444	347	-2,586	136	-128	246
Other Operating Activities	-13,176	-11,815	-10,212	-9,657	-8,746	-7,378
Change in Accounts Receivable	-5,148	-7,462	5,480	-4,235	-2,911	-1,309
Change in Inventory	-14,029	-11,747	-14,152	-3,786	6,405	2,999
Change in Accounts Payable	1,318	1,500	-1,767	2,848	2,834	-2,411
Change in Other Net Operating Assets	2,358	1,437	6,373	1,048	983	2,071
Operating Cash Flow	16,291	17,221	25,915	25,730	34,148	24,951
Operating Cash Flow Growth	-50.32%	-33.55%	0.72%	-24.65%	36.86%	-8.43%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-14,488	-15,145	-7,401	-16,019	-9,021	-16,821
Sale of Property, Plant & Equipment	133	147	3,797	79	2,035	250
Cash Acquisitions	-	-	-	-	-51	-
Sale (Purchase) of Intangibles	-1,615	-1,558	-1,772	-1,856	-1,645	-1,042
Investment in Securities	-2,700	-2,502	-3,072	-2,565	-953	44
Other Investing Activities	-423	-45	-326	-416	-1,104	-283
Investing Cash Flow	-19,076	-19,136	-8,769	-20,772	-10,701	-17,819

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	-	-	405	2,500	340
Long-Term Debt Issued	-	13,456	13,762	24,300	17,996	22,266
Total Debt Issued	12,232	13,456	13,762	24,705	20,496	22,606
Short-Term Debt Repaid	-	-289	-1,000	-	-	-
Long-Term Debt Repaid	-	-15,122	-16,549	-16,921	-29,629	-17,586
Total Debt Repaid	-15,132	-15,411	-17,549	-16,921	-29,629	-17,586
Net Debt Issued (Repaid)	-2,900	-1,955	-3,787	7,784	-9,133	5,020
Repurchase of Common Stock	-4,099	-4,099	-4,907	-	-	-7,740
Common Dividends Paid	-6,727	-6,247	-5,457	-4,952	-4,114	-3,314
Other Financing Activities	57	5	-1,124	195	298	71
Financing Cash Flow	-12,319	-12,296	-15,275	3,027	-12,949	-5,963

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	867	332	33	569	350	286
Miscellaneous Cash Flow Adjustments	2	1	-	-161	-1	-1
Net Cash Flow	-14,235	-13,878	1,904	8,393	10,847	1,454

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	1,803	2,076	18,514	9,711	25,127	8,130
Free Cash Flow Growth	-92.89%	-88.79%	90.65%	-61.35%	209.06%	-55.88%
Free Cash Flow Margin	0.71%	0.82%	7.95%	4.16%	10.74%	4.14%
Free Cash Flow Per Share	38.03	43.19	375.36	195.51	505.91	161.34
Levered Free Cash Flow	-1,130	-1,107	13,969	-1,697	24,295	6,213
Unlevered Free Cash Flow	-713.88	-719.63	14,224	-1,552	24,454	6,378

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	659	607	434	237	255	267
Cash Income Tax Paid	12,331	11,938	10,409	9,866	8,983	7,653
Change in Working Capital	-16,525	-16,272	-4,066	-4,125	7,311	1,350

Data Source: S&P Global Market Intelligence Last updated: Aug 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 8, 2026

Data Sources Report a data error