Odakyu Electric Railway Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	72,054	101,610	58,767	23,227	-41,261
Depreciation & Amortization	44,235	46,064	48,141	49,642	51,584
Loss (Gain) From Sale of Assets	5,492	-51,331	-39,365	877	16,627
Loss (Gain) From Sale of Investments	-25,413	-3,709	-150	-14,327	-5,311
Loss (Gain) on Equity Investments	-1,397	-817	-650	-238	3,398
Other Operating Activities	-33,700	-12,026	-13,177	-4,728	-2,661
Change in Accounts Receivable	-2,409	-3,230	769	-4,296	2,494
Change in Inventory	-4,262	501	8,333	4,442	1,745
Change in Accounts Payable	-1,119	-3,916	-3,995	1,290	-4,469
Change in Other Net Operating Assets	2,396	-1,520	4,255	-7,272	5,032
Operating Cash Flow	55,877	71,626	62,928	48,617	27,178
Operating Cash Flow Growth	-21.99%	13.82%	29.44%	78.88%	-63.71%
Capital Expenditures	-108,129	-60,331	-48,025	-73,478	-60,653
Sale of Property, Plant & Equipment	985	75,298	80,592	4,643	8,518
Divestitures	20,962	-3,339	1,167	-8	-
Investment in Securities	-5,674	-2,844	-712	20,579	7,457
Other Investing Activities	17,395	15,030	1,884	3,013	2,278
Investing Cash Flow	-74,495	23,435	34,712	-45,515	-43,582
Short-Term Debt Issued	-	8,600	-	11,200	-
Long-Term Debt Issued	97,500	17,100	19,100	24,897	141,527
Total Debt Issued	97,500	25,700	19,100	36,097	141,527
Short-Term Debt Repaid	-7,200	-	-9,600	-	-36,530
Long-Term Debt Repaid	-58,222	-94,099	-48,736	-49,248	-54,237
Total Debt Repaid	-65,422	-94,099	-58,336	-49,248	-90,767
Net Debt Issued (Repaid)	32,078	-68,399	-39,236	-13,151	50,760
Repurchase of Common Stock	-20,405	-12,388	-4	-8	-12
Common Dividends Paid	-12,095	-11,637	-3,640	-3,645	-3,656
Other Financing Activities	-6,618	-9,655	-8,176	-13,769	-9,885
Financing Cash Flow	-7,040	-102,079	-51,056	-30,573	37,207
Miscellaneous Cash Flow Adjustments	78	76	-962	56	-
Net Cash Flow	-25,580	-6,942	45,622	-27,415	20,803
Free Cash Flow	-52,252	11,295	14,903	-24,861	-33,475
Free Cash Flow Growth	-	-24.21%	-	-	-
Free Cash Flow Margin	-12.36%	2.76%	3.77%	-6.93%	-8.67%
Free Cash Flow Per Share	-148.34	31.21	41.01	-68.45	-92.17
Cash Interest Paid	4,782	4,280	4,552	4,868	5,393
Cash Income Tax Paid	34,330	12,216	13,356	4,910	2,781
Levered Free Cash Flow	-78,569	47,414	21,653	-39,220	-27,790
Unlevered Free Cash Flow	-75,545	50,070	24,475	-36,195	-24,418
Change in Working Capital	-5,394	-8,165	9,362	-5,836	4,802

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.