Tokyu Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	109,159	107,338	94,365	41,385	27,032
Depreciation & Amortization	88,583	86,590	86,776	82,980	84,191
Loss (Gain) From Sale of Assets	17,536	12,963	16,650	13,363	19,663
Loss (Gain) From Sale of Investments	-109	-233	-930	-1,489	-1,094
Loss (Gain) on Equity Investments	-23,920	-11,760	-12,344	-9,382	-5,091
Other Operating Activities	-16,973	-29,449	-6,806	-15,978	-5,866
Change in Accounts Receivable	-10,040	33,589	-29,102	-18,784	-28,657
Change in Inventory	-50,271	-21,732	-11,814	-28,893	6,638
Change in Accounts Payable	13,488	-22,377	8,497	14,446	-14,934
Change in Other Net Operating Assets	294	175	42	17,756	3,695
Operating Cash Flow	127,747	155,104	145,334	95,404	85,577
Operating Cash Flow Growth	-17.64%	6.72%	52.34%	11.48%	-0.36%
Capital Expenditures	-159,324	-126,747	-114,097	-152,345	-110,397
Sale of Property, Plant & Equipment	-2,603	18,356	13,035	219	24,066
Cash Acquisitions	-	333	-	-8,950	-
Divestitures	80	-	-	-	-
Investment in Securities	-17,781	-8,323	-2,890	-228	-385
Other Investing Activities	4,644	2,369	2,952	6,873	7,906
Investing Cash Flow	-174,984	-114,012	-101,000	-154,431	-78,810
Short-Term Debt Issued	895,000	655,000	160,000	92,607	164,000
Long-Term Debt Issued	148,372	83,025	82,313	74,686	99,356
Total Debt Issued	1,043,372	738,025	242,313	167,293	263,356
Short-Term Debt Repaid	-889,140	-647,316	-209,075	-25,000	-184,744
Long-Term Debt Repaid	-61,407	-55,390	-66,031	-51,890	-66,011
Total Debt Repaid	-950,547	-702,706	-275,106	-76,890	-250,755
Net Debt Issued (Repaid)	92,825	35,319	-32,793	90,403	12,601
Repurchase of Common Stock	-10,008	-46,645	-30,017	-17	-4,529
Common Dividends Paid	-15,570	-12,606	-9,128	-9,076	-7,561
Other Financing Activities	1,139	-1,316	-19	-6,702	-1,885
Financing Cash Flow	68,386	-25,248	-71,957	74,608	-1,374
Foreign Exchange Rate Adjustments	158	732	664	1,299	945
Miscellaneous Cash Flow Adjustments	-	184	-	-	-
Net Cash Flow	21,307	16,760	-26,959	16,880	6,338
Free Cash Flow	-31,577	28,357	31,237	-56,941	-24,820
Free Cash Flow Growth	-	-9.22%	-	-	-
Free Cash Flow Margin	-2.91%	2.69%	3.01%	-6.11%	-2.82%
Free Cash Flow Per Share	-55.21	47.98	51.85	-94.05	-41.21
Cash Interest Paid	11,345	8,864	8,530	8,450	8,366
Cash Income Tax Paid	24,314	35,978	11,361	18,858	8,622
Levered Free Cash Flow	-60,252	-14,804	13,915	-81,434	-31,288
Unlevered Free Cash Flow	-52,860	-9,146	19,168	-76,126	-26,062
Change in Working Capital	-46,529	-10,345	-32,377	-15,475	-33,258