Land Business Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2010
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '10 Sep 30, 2010
Net Income	60	-1,574	468	631	62.27
Depreciation & Amortization	1,096	985	886	958	508.75
Other Amortization	-	-	-	-	2.36
Loss (Gain) From Sale of Assets	74	-516	-959	-799	51.24
Loss (Gain) From Sale of Investments	-	-3	-	-	-
Other Operating Activities	-629	-319	-162	-115	-26.79
Change in Accounts Receivable	8	78	4	17	492.05
Change in Inventory	2,321	-517	-10	7	-1,783
Change in Accounts Payable	-13	-343	-13	102	-41.21
Change in Other Net Operating Assets	123	-434	-221	13	91.18
Operating Cash Flow	3,040	-2,643	-7	814	-643.16
Capital Expenditures	-2,490	-2,162	-1,645	-1,018	-182.67
Sale of Property, Plant & Equipment	11	4,270	4,356	1,871	1,372
Cash Acquisitions	-2,450	186	21	-	-
Sale (Purchase) of Intangibles	14	-1	-21	-14	-
Investment in Securities	100	230	-	35	-54
Other Investing Activities	-150	-720	-167	-198	15.71
Investing Cash Flow	-4,980	-1,504	1,918	676	1,151
Short-Term Debt Issued	972	1,222	-	300	184
Long-Term Debt Issued	6,600	6,595	1,525	1,000	8,216
Total Debt Issued	7,572	7,817	1,525	1,300	8,400
Short-Term Debt Repaid	-	-	-300	-	-
Long-Term Debt Repaid	-3,897	-8,258	-3,003	-1,533	-8,621
Total Debt Repaid	-3,897	-8,258	-3,303	-1,533	-8,621
Net Debt Issued (Repaid)	3,675	-441	-1,778	-233	-221.45
Common Dividends Paid	-118	-119	-119	-119	-65.93
Other Financing Activities	-44	-15	-168	-24	0
Financing Cash Flow	3,513	-575	-2,065	-376	-287.38
Foreign Exchange Rate Adjustments	2	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	40	-	-	-0
Net Cash Flow	1,575	-4,682	-154	1,114	220.5
Free Cash Flow	550	-4,805	-1,652	-204	-825.83
Free Cash Flow Margin	2.96%	-48.17%	-36.79%	-4.39%	-9.99%
Free Cash Flow Per Share	27.71	-242.11	-83.24	-10.28	-31.56
Cash Interest Paid	474	373	383	406	589.37
Cash Income Tax Paid	599	256	-13	123	70.24
Levered Free Cash Flow	1,919	-29,580	-6,806	-	-2,569
Unlevered Free Cash Flow	2,214	-29,352	-6,564	-	-2,196
Change in Working Capital	2,439	-1,216	-240	139	-1,241

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