Starts Proceed Investment Cash Flow Statement

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

Millions JPY. Fiscal year is May - Apr.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Apr '25 Apr 30, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021	2016 - 2020
Net Income	2,764	2,804	2,651	2,504	2,318	Upgrade
Depreciation & Amortization	1,407	1,387	1,356	1,300	1,300	Upgrade
Other Amortization	12.53	6.13	4.88	3.51	-	Upgrade
Change in Accounts Receivable	1.32	-3.44	-2.43	-2.68	14	Upgrade
Change in Accounts Payable	-17.53	-80.51	105.11	94.91	108	Upgrade
Change in Other Net Operating Assets	4,793	658.63	-2,828	686.86	-	Upgrade
Other Operating Activities	22.57	2,514	3,737	2,659	550	Upgrade
Operating Cash Flow	8,983	7,286	5,024	7,245	4,290	Upgrade
Operating Cash Flow Growth	23.30%	45.01%	-30.65%	68.88%	-58.21%	Upgrade
Acquisition of Real Estate Assets	-567.49	-4,832	-14,582	-4,936	-1,426	Upgrade
Net Sale / Acq. of Real Estate Assets	-567.49	-4,832	-14,582	-4,936	-1,426	Upgrade
Investment in Marketable & Equity Securities	-41.58	-13.97	-109.39	-1.52	-	Upgrade
Other Investing Activities	-22.54	-33.83	188.6	-62.97	-38	Upgrade
Investing Cash Flow	-631.92	-4,880	-14,682	-5,001	-1,464	Upgrade
Long-Term Debt Issued	10,161	-	-	-	-	Upgrade
Total Debt Issued	10,161	8,000	12,890	4,320	-	Upgrade
Short-Term Debt Repaid	-3,085	-	-	-	-	Upgrade
Long-Term Debt Repaid	-9,761	-	-	-	-	Upgrade
Total Debt Repaid	-12,846	-7,584	-5,690	-4,320	-	Upgrade
Net Debt Issued (Repaid)	-2,685	416	7,200	-	-	Upgrade
Issuance of Common Stock	-	-	5,852	-	-	Upgrade
Repurchase of Common Stock	-1,737	-	-	-	-	Upgrade
Common Dividends Paid	-2,785	-1,319	-1,513	-1,159	-	Upgrade
Common & Preferred Dividends Paid	-	-1,502	-1,599	-1,196	-2,364	Upgrade
Total Dividends Paid	-2,785	-2,821	-3,112	-2,355	-2,364	Upgrade
Other Financing Activities	-212.55	-1	-24.43	-13.28	-	Upgrade
Miscellaneous Cash Flow Adjustments	0.01	-1	-1	0	-2	Upgrade
Net Cash Flow	931.11	-0.93	256.87	-123.62	460	Upgrade
Cash Interest Paid	574.48	509.2	420.18	350.77	344	Upgrade
Cash Income Tax Paid	9.36	14.78	9.98	2.96	2	Upgrade
Levered Free Cash Flow	2,987	-	-	-	1,452	Upgrade
Unlevered Free Cash Flow	3,365	-	-	-	1,721	Upgrade
Change in Net Working Capital	-33.79	67	385	-100	-133	Upgrade

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.