TYO:8984 Cash Flow Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	30,048	20,434	22,349	22,736	22,720
Depreciation & Amortization	14,978	15,334	15,193	15,245	14,508
Other Amortization	-	16.76	33.12	203.01	25.76
Gain (Loss) on Sale of Assets	404	2,412	53.3	25.92	56.77
Asset Writedown	-	889.44	-	-	-
Change in Accounts Receivable	-178	-62.32	28.55	17	-18.24
Change in Accounts Payable	-3,322	351.09	129.29	1.01	66.89
Change in Other Net Operating Assets	-	-279.65	-280.67	3,559	7,023
Other Operating Activities	8,058	11,116	-117.77	-172.11	-206.18
Operating Cash Flow	49,988	50,211	37,388	41,615	44,175
Operating Cash Flow Growth	-0.44%	34.30%	-10.16%	-5.80%	20.26%
Acquisition of Real Estate Assets	-9,662	-42,241	-6,302	-78,526	-13,349
Net Sale / Acq. of Real Estate Assets	-9,662	-42,241	-6,302	-78,526	-13,349
Other Investing Activities	-522	247.83	-95.39	1,536	-75.96
Investing Cash Flow	-10,184	-41,993	-6,397	-76,990	-13,425
Short-Term Debt Issued	-	-	-	4,000	-
Long-Term Debt Issued	-	-	35,885	70,771	20,953
Total Debt Issued	-	37,700	35,885	74,771	20,953
Short-Term Debt Repaid	-	-	-	-4,000	-
Long-Term Debt Repaid	-	-	-35,900	-41,858	-19,000
Total Debt Repaid	-1,224	-24,700	-35,900	-45,858	-19,000
Net Debt Issued (Repaid)	-1,224	13,000	-14.78	28,913	1,953
Issuance of Common Stock	-	-	-	36,103	-
Common Dividends Paid	-32,480	-26,329	-26,128	-26,933	-24,764
Other Financing Activities	-2	-3,000	0	-	-
Miscellaneous Cash Flow Adjustments	-2	-	-0	0.01	-0
Net Cash Flow	6,096	-8,111	4,848	2,708	7,940
Cash Interest Paid	3,324	3,045	2,804	2,689	2,576
Cash Income Tax Paid	6	1.6	1.22	1.21	1.21
Levered Free Cash Flow	23,628	-	28,537	29,906	31,183
Unlevered Free Cash Flow	26,111	-	30,193	31,469	32,656
Change in Working Capital	-3,500	9.13	-122.84	3,577	7,071

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