TYO:8975 Cash Flow Statement

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

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	9,346	7,405	9,486	6,693	6,323
Depreciation & Amortization	1,974	1,963	1,922	1,804	1,758
Change in Accounts Receivable	18.27	-21.36	-8.75	16.03	13.89
Change in Accounts Payable	-181.59	161.57	201.5	-82.53	526.27
Change in Other Net Operating Assets	5,569	2,019	3,919	1,362	-157.91
Other Operating Activities	1,596	704.15	1,537	-1.15	54.9
Operating Cash Flow	18,340	12,232	17,057	9,795	8,517
Operating Cash Flow Growth	49.94%	-28.29%	74.14%	15.00%	-20.69%
Acquisition of Real Estate Assets	-2,591	-17,507	-11,477	-5,249	-5,175
Net Sale / Acq. of Real Estate Assets	-2,591	-17,507	-11,477	-5,249	-5,175
Investment in Marketable & Equity Securities	-	-	11.1	-51.21	50.65
Other Investing Activities	-42.3	315.42	-71.48	112.85	52.7
Investing Cash Flow	-2,633	-17,192	-11,538	-5,188	-5,072
Long-Term Debt Issued	-	-	-	21,150	-
Total Debt Issued	8,227	11,742	11,419	21,150	13,711
Long-Term Debt Repaid	-	-	-	-19,292	-
Total Debt Repaid	-7,346	-2,900	-9,623	-19,292	-11,816
Net Debt Issued (Repaid)	881	8,842	1,796	1,858	1,895
Issuance of Common Stock	-	3,499	-	-	-
Repurchase of Common Stock	-	-	-	-	-1,500
Common Dividends Paid	-9,361	-6,527	-9,496	-7,102	-6,641
Other Financing Activities	-1,580	0	-	-	-0
Miscellaneous Cash Flow Adjustments	1	1	-0	-0	-1
Net Cash Flow	5,648	854.62	-2,181	-636.4	-2,801
Cash Interest Paid	1,261	1,107	964.28	893.66	955.1
Cash Income Tax Paid	0.61	0.61	0.61	1.21	0.61
Levered Free Cash Flow	-	-	-	7,000	-
Unlevered Free Cash Flow	-	-	-	7,564	-
Change in Working Capital	5,406	2,159	4,112	1,295	382.25

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