KDX Realty Investment Cash Flow Statement

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

Millions JPY. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	33,832	33,863	38,961	13,661	12,409	14,329
Depreciation & Amortization	10,143	10,100	7,426	5,249	5,156	5,073
Other Amortization	13.25	12.04	14.73	252.12	246.69	265.3
Gain (Loss) on Sale of Investments	-	-	-1,096	-	-	-
Asset Writedown	-	355.74	-	-	-	-
Change in Accounts Receivable	-153.32	-234.14	-37.93	-73.12	-23.92	21.65
Change in Accounts Payable	220.34	38.3	-844.43	-3.71	209.3	-2.81
Change in Other Net Operating Assets	37,878	28,368	6,481	4,862	570.35	8,322
Other Operating Activities	535.85	516.45	-17,040	-15.59	-34.64	-26.62
Operating Cash Flow	82,502	73,113	33,960	23,961	18,527	28,011
Operating Cash Flow Growth	44.59%	115.29%	41.73%	29.33%	-33.86%	63.47%
Acquisition of Real Estate Assets	-36,791	-49,121	-49,828	-15,511	-8,507	-18,650
Net Sale / Acq. of Real Estate Assets	-36,791	-49,121	-49,828	-15,511	-8,507	-18,650
Investment in Marketable & Equity Securities	-	-67.28	2,261	-	-	-
Other Investing Activities	-1,018	-130.32	178.14	1,082	773.12	940.49
Investing Cash Flow	-37,827	-49,333	-47,396	-14,429	-7,733	-17,710
Short-Term Debt Issued	-	10,650	15,600	7,800	14,100	9,800
Long-Term Debt Issued	-	82,230	79,500	32,540	26,286	31,692
Total Debt Issued	93,853	92,880	95,100	40,340	40,386	41,492
Short-Term Debt Repaid	-	-9,550	-14,750	-16,100	-12,300	-12,500
Long-Term Debt Repaid	-	-68,510	-52,050	-14,450	-21,700	-22,300
Total Debt Repaid	-76,840	-78,060	-66,800	-30,550	-34,000	-34,800
Net Debt Issued (Repaid)	17,013	14,820	28,300	9,790	6,386	6,692
Repurchase of Common Stock	-6,000	-6,000	-10,000	-3,000	-	-
Common Dividends Paid	-32,776	-32,457	-19,927	-12,144	-12,590	-12,767
Other Financing Activities	-0.78	-	-0	-0	-0	-3.23
Miscellaneous Cash Flow Adjustments	-0	-0	39,443	-0	-	-
Net Cash Flow	22,912	142.21	24,380	4,178	4,589	4,223
Cash Interest Paid	4,437	4,129	2,585	1,512	1,556	1,641
Cash Income Tax Paid	6.84	3.71	6.97	1.64	1.6	1.6
Levered Free Cash Flow	-	33,505	7,550	14,393	13,414	15,343
Unlevered Free Cash Flow	-	36,437	9,351	15,344	14,389	16,368
Change in Working Capital	37,978	28,265	5,695	4,814	749.81	8,371

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