Keihan Holdings Co., Ltd. (TYO:9045)

Keihan Holdings Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	47,449	40,722	35,035	26,485	18,000
Depreciation & Amortization	24,330	22,738	20,171	20,223	21,071
Loss (Gain) From Sale of Assets	2,378	1,545	-941	-2,221	2,876
Loss (Gain) From Sale of Investments	328	222	1,989	-	-1,005
Loss (Gain) on Equity Investments	-48	-165	-83	-83	-103
Other Operating Activities	-13,807	-9,104	-8,253	-7,570	-8,101
Change in Accounts Receivable	-1,543	7,906	-8,102	-10,124	-1,094
Change in Inventory	-4,749	-9,074	-5,407	-20,531	8,010
Change in Accounts Payable	-4,726	956	1,423	57	95
Change in Other Net Operating Assets	-9,272	-11,739	4,998	10,696	-18,076
Operating Cash Flow	40,340	44,007	40,830	16,932	21,673
Operating Cash Flow Growth	-8.33%	7.78%	141.14%	-21.88%	41.82%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-52,760	-61,459	-32,895	-19,864	-21,438
Sale of Property, Plant & Equipment	3,297	59	6,724	7,047	343
Cash Acquisitions	-	-	-	-179	-
Divestitures	172	499	389	191	1,360
Investment in Securities	-761	-6,908	-2,926	-897	76
Other Investing Activities	6,919	4,506	1,702	481	1,826
Investing Cash Flow	-42,986	-63,198	-26,932	-13,109	-17,641

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	9,996	-	4,551	-
Long-Term Debt Issued	79,128	78,608	53,276	24,430	43,308
Total Debt Issued	79,128	88,604	53,276	28,981	43,308
Short-Term Debt Repaid	-11,904	-7,142	-7,670	-	-9,658
Long-Term Debt Repaid	-55,691	-48,694	-48,960	-32,666	-40,082
Total Debt Repaid	-67,595	-55,836	-56,630	-32,666	-49,740
Net Debt Issued (Repaid)	11,533	32,768	-3,354	-3,685	-6,432
Repurchase of Common Stock	-2,405	-17,618	-15	-8	-7
Common Dividends Paid	-4,057	-3,746	-3,203	-2,681	-2,681
Other Financing Activities	-1,503	-1,205	-1,284	-1,061	-1,144
Financing Cash Flow	3,568	10,199	-7,856	-7,435	-10,264

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	1	1	-1	17	-
Net Cash Flow	923	-8,991	6,041	-3,595	-6,232

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-12,420	-17,452	7,935	-2,932	235
Free Cash Flow Growth	-	-	-	-	-
Free Cash Flow Margin	-3.74%	-5.57%	2.63%	-1.13%	0.09%
Free Cash Flow Per Share	-123.06	-165.63	73.99	-27.34	2.19
Levered Free Cash Flow	-11,521	-22,780	12,231	-5,102	-9,510
Unlevered Free Cash Flow	-9,286	-21,372	13,350	-3,929	-8,256

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	3,336	2,195	1,812	1,938	2,036
Cash Income Tax Paid	14,052	9,171	8,283	8,092	9,912
Change in Working Capital	-20,290	-11,951	-7,088	-19,902	-11,065

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 29, 2026

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