Japan Real Estate Investment Corporation (TYO:8952)

TYO:8952 Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	39,314	39,046	33,259	33,448	33,038
Depreciation & Amortization	12,220	12,298	12,460	12,602	12,808
Other Amortization	-	-	24.79	24.79	11.64
Change in Accounts Receivable	618	-92	-100.95	-127.26	90.89
Change in Accounts Payable	-2,608	2,496	969.09	203.55	527.24
Change in Other Net Operating Assets	-	-	13,113	22,504	680.92
Other Operating Activities	18,718	19,824	165.14	-72.71	2,826
Operating Cash Flow	68,262	73,572	59,890	68,587	49,982
Operating Cash Flow Growth	-7.22%	22.84%	-12.68%	37.22%	4.27%
Acquisition of Real Estate Assets	-65,736	-9,042	-64,561	-56,859	-4,778
Net Sale / Acq. of Real Estate Assets	-65,736	-9,042	-64,561	-56,859	-4,778
Investment in Marketable & Equity Securities	-	-	-	-83.3	-
Other Investing Activities	3,194	-2,572	-170.38	-1,666	1,364
Investing Cash Flow	-62,542	-11,614	-64,732	-58,612	-3,414
Short-Term Debt Issued	-	-	167,000	91,700	-
Long-Term Debt Issued	-	-	54,000	51,200	-
Total Debt Issued	33,600	-	221,000	142,900	69,000
Short-Term Debt Repaid	-	-	-145,700	-88,000	-
Long-Term Debt Repaid	-	-	-48,500	-51,000	-
Total Debt Repaid	-	-44,600	-194,200	-139,000	-68,500
Net Debt Issued (Repaid)	33,600	-44,600	26,800	3,900	500
Issuance of Common Stock	-	-	19,495	-	-
Common Dividends Paid	-	-	-32,088	-31,519	-15,599
Common & Preferred Dividends Paid	-35,134	-34,760	-	-	-15,676
Total Dividends Paid	-35,134	-34,760	-32,088	-31,519	-31,275
Other Financing Activities	-	-	-37.82	-	-50.32
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-1
Net Cash Flow	4,186	-17,402	9,327	-17,644	15,741
Cash Interest Paid	2,316	2,162	1,681	1,756	1,843
Cash Income Tax Paid	24	26	21.87	21.7	22.27
Levered Free Cash Flow	-27,468	-	34,009	34,519	-
Unlevered Free Cash Flow	-25,938	29,178	35,073	35,575	-
Change in Working Capital	-1,990	2,404	13,981	22,585	1,299

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