TYO:8953 Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	41,497	35,496	32,067	31,688	30,473	24,013
Depreciation & Amortization	12,193	12,089	12,362	12,665	13,021	10,852
Other Amortization	27	48	25	50	45	40
Gain (Loss) on Sale of Assets	-8,109	-3,995	-3,230	-2,568	-2,823	-2,847
Change in Accounts Receivable	-188	-157	164	-140	44	-71
Change in Accounts Payable	2,759	255	-141	578	-1,119	-346
Change in Other Net Operating Assets	-2,404	-2,165	-332	753	-3,199	656
Other Operating Activities	1,207	-14	-436	-25	-99	-37
Operating Cash Flow	47,279	41,939	40,558	42,920	36,516	32,130
Operating Cash Flow Growth	11.85%	3.40%	-5.50%	17.54%	13.65%	-5.10%
Acquisition of Real Estate Assets	-86,034	-98,364	-30,720	-12,499	-95,592	-22,259
Sale of Real Estate Assets	7,226	9,044	11,087	11,966	53,713	14,345
Net Sale / Acq. of Real Estate Assets	-78,808	-89,320	-19,633	-533	-41,879	-7,914
Investment in Marketable & Equity Securities	-344	-1,154	-1,004	-2,543	-4,356	-
Other Investing Activities	35,110	2,538	5,834	-981	-1,156	-565
Investing Cash Flow	-44,075	-87,941	-15,348	-4,119	-47,638	-8,531
Short-Term Debt Issued	-	28,700	-	14,200	6,500	14,000
Long-Term Debt Issued	-	102,850	-	53,921	81,668	64,850
Total Debt Issued	89,750	131,550	40,574	68,121	88,168	78,850
Short-Term Debt Repaid	-	-7,900	-	-14,000	-500	-14,000
Long-Term Debt Repaid	-	-73,150	-	-53,200	-76,750	-57,875
Total Debt Repaid	-42,750	-81,050	-41,123	-67,200	-77,250	-71,875
Net Debt Issued (Repaid)	47,000	50,500	-549	921	10,918	6,975
Repurchase of Common Stock	-	-1,002	-	-	-	-2,014
Common Dividends Paid	-36,289	-31,958	-31,971	-31,778	-5,434	-23,494
Other Financing Activities	19,603	19,603	-	-	-27,686	-
Miscellaneous Cash Flow Adjustments	-	-1	-	-	16,457	-2
Net Cash Flow	33,518	-8,860	-7,310	7,944	-16,867	5,064
Cash Interest Paid	3,941	3,492	3,167	3,149	3,336	2,654
Cash Income Tax Paid	-	-	-	-	20	-
Levered Free Cash Flow	-	33,738	-	31,631	18,367	26,130
Unlevered Free Cash Flow	-	35,960	-	33,565	20,386	27,751
Change in Working Capital	464	-1,685	-230	1,110	-4,101	109

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.