TYO:8986 Cash Flow Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	13,818	12,018	10,352	9,276	8,890
Depreciation & Amortization	5,537	5,352	5,335	5,007	4,901
Other Amortization	165.65	304.85	140.98	261.53	126.62
Change in Accounts Receivable	-1.56	1.85	-1.5	4.31	10.54
Change in Accounts Payable	-158.64	133.28	530.09	69.41	-591.97
Change in Other Net Operating Assets	4,936	8,826	-108.51	-279.16	-81.06
Other Operating Activities	5,511	-418.9	8,259	1.62	-211.02
Operating Cash Flow	29,792	26,527	24,570	14,404	13,123
Operating Cash Flow Growth	12.31%	7.97%	70.58%	9.77%	-48.40%
Acquisition of Real Estate Assets	-14,368	-54,925	-23,252	-18,253	-29,001
Net Sale / Acq. of Real Estate Assets	-14,368	-54,925	-23,252	-18,253	-29,001
Other Investing Activities	-107.28	126.77	-63.61	163.68	323.6
Investing Cash Flow	-14,476	-56,870	-23,315	-18,090	-28,678
Short-Term Debt Issued	-	-	-	2,370	-
Long-Term Debt Issued	-	35,590	-	22,500	-
Total Debt Issued	10,900	35,590	15,850	24,870	32,384
Short-Term Debt Repaid	-	-	-	-2,370	-
Long-Term Debt Repaid	-	-18,990	-	-13,520	-
Total Debt Repaid	-10,900	-18,990	-9,400	-15,890	-12,384
Net Debt Issued (Repaid)	-	16,600	6,450	8,980	20,000
Issuance of Common Stock	-	14,322	6,171	8,031	6,395
Common Dividends Paid	-12,348	-10,580	-9,781	-9,410	-9,107
Other Financing Activities	-2,000	-0	-0	-	-93.72
Miscellaneous Cash Flow Adjustments	-	-0	-1	0	-
Net Cash Flow	968.45	-10,001	4,094	3,915	1,639
Cash Interest Paid	1,819	1,306	1,121	1,066	969.78
Cash Income Tax Paid	0.61	1.21	0.61	1.21	0.61
Levered Free Cash Flow	-	10,613	-	11,318	-
Unlevered Free Cash Flow	-	11,422	-	11,977	-
Change in Working Capital	4,761	9,271	483.51	-141.67	-584.27

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.