Kobe 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	1,589	1,334	859	644	361
Depreciation & Amortization	2,208	2,282	2,326	2,434	2,434
Loss (Gain) From Sale of Assets	-	-	59	-	-
Loss (Gain) From Sale of Investments	-38	-15	-	-	-
Other Operating Activities	-171	-134	-125	-107	-114
Change in Accounts Receivable	-252	-236	187	-368	-42
Change in Inventory	-40	37	-19	77	36
Change in Accounts Payable	-20	155	-822	696	-594
Change in Other Net Operating Assets	-312	357	957	-567	-197
Operating Cash Flow	2,964	3,780	3,422	2,809	1,884
Operating Cash Flow Growth	-21.59%	10.46%	21.82%	49.10%	-60.78%
Capital Expenditures	-2,609	-1,854	-1,771	-1,727	-2,536
Sale of Property, Plant & Equipment	-	-	-	-	3
Investment in Securities	-63	27	6	-105	128
Other Investing Activities	570	439	341	713	957
Investing Cash Flow	-2,015	-1,319	-1,355	-1,073	-1,364
Short-Term Debt Issued	1,083	-	-	-	213
Long-Term Debt Issued	6,550	6,450	17,560	10,992	14,315
Total Debt Issued	7,633	6,450	17,560	10,992	14,528
Short-Term Debt Repaid	-	-326	-615	-755	-
Long-Term Debt Repaid	-8,079	-8,390	-18,633	-11,875	-14,677
Total Debt Repaid	-8,079	-8,716	-19,248	-12,630	-14,677
Net Debt Issued (Repaid)	-446	-2,266	-1,688	-1,638	-149
Repurchase of Common Stock	-295	-3	-3	-2	-5
Common Dividends Paid	-80	-	-	-	-
Other Financing Activities	-535	-168	-195	-200	-174
Financing Cash Flow	-1,356	-2,437	-1,886	-1,840	-328
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-1
Net Cash Flow	-407	23	180	-104	191
Free Cash Flow	355	1,926	1,651	1,082	-652
Free Cash Flow Growth	-81.57%	16.66%	52.59%	-	-
Free Cash Flow Margin	1.60%	8.63%	7.74%	5.27%	-3.22%
Free Cash Flow Per Share	44.29	239.70	205.45	134.63	-81.13
Cash Interest Paid	606	563	557	579	613
Cash Income Tax Paid	167	139	130	106	112
Levered Free Cash Flow	249.63	1,834	1,352	1,281	-1,305
Unlevered Free Cash Flow	628.38	2,189	1,702	1,641	-922.13
Change in Working Capital	-624	313	303	-162	-797

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