Sun Frontier Fudousan 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	20,552	17,295	14,745	12,135	7,462
Depreciation & Amortization	2,866	2,199	2,032	1,710	1,456
Loss (Gain) From Sale of Assets	412	119	271	85	55
Loss (Gain) From Sale of Investments	-51	-	-	-	-
Loss (Gain) on Equity Investments	14	-12	71	23	55
Other Operating Activities	-4,573	-3,415	-5,303	-2,500	-5,799
Change in Accounts Receivable	-43	-1,187	409	496	-2,688
Change in Inventory	-25,042	-26,770	1,854	7,874	4,377
Change in Accounts Payable	677	114	1,155	-776	-1,509
Change in Other Net Operating Assets	952	654	1,310	-1,604	1,324
Operating Cash Flow	-4,236	-11,003	16,544	17,443	4,733
Operating Cash Flow Growth	-	-	-5.15%	268.54%	-
Capital Expenditures	-4,019	-2,457	-7,531	-8,484	-319
Sale of Property, Plant & Equipment	165	-	27	5	3
Cash Acquisitions	-2,369	-954	-	-	-
Divestitures	80	-	125	-	-
Sale (Purchase) of Intangibles	-253	-275	-312	-48	-25
Investment in Securities	-160	100	-	88	1,044
Other Investing Activities	-753	-668	1,010	-947	-252
Investing Cash Flow	-8,809	-4,254	-6,681	-9,386	451
Short-Term Debt Issued	38	8	20	30	-
Long-Term Debt Issued	36,535	42,557	23,261	24,183	19,990
Total Debt Issued	36,573	42,565	23,281	24,213	19,990
Short-Term Debt Repaid	-	-	-	-	-564
Long-Term Debt Repaid	-23,703	-18,991	-18,691	-20,661	-21,461
Total Debt Repaid	-23,703	-18,991	-18,691	-20,661	-22,025
Net Debt Issued (Repaid)	12,870	23,574	4,590	3,552	-2,035
Repurchase of Common Stock	-	-	-239	-	-
Common Dividends Paid	-3,163	-2,481	-2,239	-3,070	-2,046
Other Financing Activities	-228	-53	-73	-33	2,931
Financing Cash Flow	9,479	21,040	2,039	449	-1,150
Foreign Exchange Rate Adjustments	455	169	59	125	-110
Miscellaneous Cash Flow Adjustments	-1	-1	1	1	-
Net Cash Flow	-3,112	5,951	11,962	8,632	3,924
Free Cash Flow	-8,255	-13,460	9,013	8,959	4,414
Free Cash Flow Growth	-	-	0.60%	102.97%	-
Free Cash Flow Margin	-8.00%	-16.85%	10.89%	12.57%	7.40%
Free Cash Flow Per Share	-149.94	-260.62	185.31	183.80	90.60
Cash Interest Paid	893	536	490	447	497
Cash Income Tax Paid	5,071	3,505	5,729	2,460	5,964
Levered Free Cash Flow	-11,882	-16,023	1,769	10,367	5,921
Unlevered Free Cash Flow	-11,316	-15,686	2,067	10,646	6,235
Change in Working Capital	-23,456	-27,189	4,728	5,990	1,504

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