Tohbu Network 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 2010	FY 2009
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009
Net Income	310	283	565	337.6	343.3
Depreciation & Amortization	737	715	589	581.63	500.26
Other Amortization	-	-	-	54.6	-
Loss (Gain) From Sale of Assets	115	241	-26	-6.33	1.11
Asset Writedown & Restructuring Costs	-	-	-	-	16.81
Loss (Gain) From Sale of Investments	-175	-	-	78.09	24.13
Other Operating Activities	-230	-177	-82	8.34	38
Change in Accounts Receivable	147	51	24	85	-15.36
Change in Inventory	-	-2	-	-	-
Change in Accounts Payable	-140	13	-151	-60.66	-53.4
Change in Other Net Operating Assets	-27	-167	-178	77.11	80.86
Operating Cash Flow	737	957	741	1,155	935.71
Operating Cash Flow Growth	-22.99%	29.15%	-35.87%	23.48%	10.97%
Capital Expenditures	-249	-564	-352	-1,079	-934.03
Sale of Property, Plant & Equipment	55	16	30	19.39	1.36
Cash Acquisitions	-486	-	-376	-	-
Sale (Purchase) of Intangibles	-21	-13	-8	-44.36	-133.38
Investment in Securities	232	-5	-2	-1.36	24.87
Other Investing Activities	-119	90	-32	-0	-0
Investing Cash Flow	-588	-476	-740	-1,106	-1,041
Short-Term Debt Issued	-	10	-	-	-
Long-Term Debt Issued	37	310	-	-	-
Total Debt Issued	37	320	-	-	-
Short-Term Debt Repaid	-10	-	-10	-	-
Long-Term Debt Repaid	-38	-268	-11	-	-
Total Debt Repaid	-48	-268	-21	-	-
Net Debt Issued (Repaid)	-11	52	-21	-	-
Issuance of Common Stock	-	406	-	-	0.01
Repurchase of Common Stock	-69	-	-79	-	-0.11
Common Dividends Paid	-114	-79	-81	-109.72	-82.29
Other Financing Activities	-73	-66	-44	-	-
Financing Cash Flow	-267	313	-225	-109.72	-82.39
Miscellaneous Cash Flow Adjustments	-1	-	151	0	-
Net Cash Flow	-119	794	-73	-59.86	-187.88
Free Cash Flow	488	393	389	76.16	1.69
Free Cash Flow Growth	24.17%	1.03%	410.77%	4417.14%	-99.66%
Free Cash Flow Margin	4.71%	3.81%	3.94%	0.78%	0.02%
Free Cash Flow Per Share	86.22	72.53	72.93	13.88	0.31
Cash Interest Paid	14	16	15	5.27	4.53
Cash Income Tax Paid	230	179	55	295.78	217.89
Levered Free Cash Flow	541.5	349.5	-	-102.97	-152.41
Unlevered Free Cash Flow	550.25	359.5	-	-99.67	-149.58
Change in Working Capital	-20	-105	-305	101.46	12.1

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