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	2016 - 2020
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	2016 - 2020
Net Income	13,819	12,018	10,352	9,276	8,890	Upgrade
Depreciation & Amortization	5,368	5,352	5,335	5,007	4,901	Upgrade
Other Amortization	335.05	304.85	140.98	261.53	126.62	Upgrade
Change in Accounts Receivable	-1.67	1.85	-1.5	4.31	10.54	Upgrade
Change in Accounts Payable	-82.45	133.28	530.09	69.41	-591.97	Upgrade
Change in Other Net Operating Assets	10,686	8,826	-108.51	-279.16	-81.06	Upgrade
Other Operating Activities	-322.93	-418.9	8,259	1.62	-211.02	Upgrade
Operating Cash Flow	29,792	26,527	24,570	14,404	13,123	Upgrade
Operating Cash Flow Growth	12.31%	7.97%	70.58%	9.77%	-48.40%	Upgrade
Acquisition of Real Estate Assets	-14,369	-54,925	-23,252	-18,253	-29,001	Upgrade
Net Sale / Acq. of Real Estate Assets	-14,369	-54,925	-23,252	-18,253	-29,001	Upgrade
Other Investing Activities	-107.61	126.77	-63.61	163.68	323.6	Upgrade
Investing Cash Flow	-14,476	-56,870	-23,315	-18,090	-28,678	Upgrade
Short-Term Debt Issued	21,610	-	-	2,370	-	Upgrade
Long-Term Debt Issued	-	35,590	-	22,500	-	Upgrade
Total Debt Issued	21,610	35,590	15,850	24,870	32,384	Upgrade
Short-Term Debt Repaid	-21,610	-	-	-2,370	-	Upgrade
Long-Term Debt Repaid	-	-18,990	-	-13,520	-	Upgrade
Total Debt Repaid	-21,610	-18,990	-9,400	-15,890	-12,384	Upgrade
Net Debt Issued (Repaid)	-	16,600	6,450	8,980	20,000	Upgrade
Issuance of Common Stock	-	14,322	6,171	8,031	6,395	Upgrade
Repurchase of Common Stock	-2,000	-	-	-	-	Upgrade
Common Dividends Paid	-12,348	-10,580	-9,781	-9,410	-9,107	Upgrade
Other Financing Activities	-0	-0	-0	-	-93.72	Upgrade
Miscellaneous Cash Flow Adjustments	-	-0	-1	0	-	Upgrade
Net Cash Flow	967.65	-10,001	4,094	3,915	1,639	Upgrade
Cash Interest Paid	1,819	1,306	1,121	1,066	969.78	Upgrade
Cash Income Tax Paid	1.21	1.21	0.61	1.21	0.61	Upgrade
Levered Free Cash Flow	14,727	10,613	-	11,318	-	Upgrade
Unlevered Free Cash Flow	15,858	11,422	-	11,977	-	Upgrade
Change in Working Capital	10,593	9,271	483.51	-141.67	-584.27	Upgrade

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