TYO:8986 Cash Flow Statement

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

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	Sep '20 Sep 30, 2020	2015 - 2019
Net Income	13,416	12,018	10,352	9,276	8,890	9,393	Upgrade
Depreciation & Amortization	5,419	5,352	5,335	5,007	4,901	4,142	Upgrade
Other Amortization	326.52	304.85	140.98	261.53	126.62	227.95	Upgrade
Change in Accounts Receivable	52.84	1.85	-1.5	4.31	10.54	63.19	Upgrade
Change in Accounts Payable	-67.68	133.28	530.09	69.41	-591.97	506.98	Upgrade
Change in Other Net Operating Assets	9,461	8,826	-108.51	-279.16	-81.06	11,941	Upgrade
Other Operating Activities	-524.31	5.2	8,259	1.62	-211.02	-1,097	Upgrade
Operating Cash Flow	28,232	26,527	24,570	14,404	13,123	25,433	Upgrade
Operating Cash Flow Growth	-6.56%	7.97%	70.58%	9.77%	-48.40%	74.30%	Upgrade
Acquisition of Real Estate Assets	-14,444	-54,925	-23,252	-18,253	-29,001	-72,307	Upgrade
Net Sale / Acq. of Real Estate Assets	-14,444	-54,925	-23,252	-18,253	-29,001	-72,307	Upgrade
Other Investing Activities	-16.43	126.77	-63.61	163.68	323.6	1,557	Upgrade
Investing Cash Flow	-14,461	-56,870	-23,315	-18,090	-28,678	-70,777	Upgrade
Short-Term Debt Issued	-	-	-	2,370	-	2,000	Upgrade
Long-Term Debt Issued	-	35,590	-	22,500	-	44,799	Upgrade
Total Debt Issued	18,150	35,590	15,850	24,870	32,384	46,799	Upgrade
Short-Term Debt Repaid	-	-	-	-2,370	-	-	Upgrade
Long-Term Debt Repaid	-	-18,990	-	-13,520	-	-19,499	Upgrade
Total Debt Repaid	-18,150	-18,990	-9,400	-15,890	-12,384	-19,499	Upgrade
Net Debt Issued (Repaid)	-	16,600	6,450	8,980	20,000	27,300	Upgrade
Issuance of Common Stock	-	14,322	6,171	8,031	6,395	26,000	Upgrade
Common Dividends Paid	-11,313	-10,580	-4,808	-9,410	-4,503	-6,668	Upgrade
Common & Preferred Dividends Paid	-	-	-4,973	-	-4,604	-	Upgrade
Total Dividends Paid	-11,313	-10,580	-9,781	-9,410	-9,107	-6,668	Upgrade
Other Financing Activities	-	-0	-0	-	-93.72	-	Upgrade
Miscellaneous Cash Flow Adjustments	-0	-0	-1	0	-	1,747	Upgrade
Net Cash Flow	2,459	-10,001	4,094	3,915	1,639	3,035	Upgrade
Cash Interest Paid	1,548	1,306	1,121	1,066	969.78	818.88	Upgrade
Cash Income Tax Paid	1.21	1.21	0.61	1.21	0.61	1.93	Upgrade
Levered Free Cash Flow	-	10,613	-	11,318	-	8,584	Upgrade
Unlevered Free Cash Flow	-	11,422	-	11,977	-	9,094	Upgrade
Change in Working Capital	9,596	9,271	483.51	-141.67	-584.27	12,768	Upgrade

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