Keifuku Electric Railroad 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	2,843	2,947	1,768	1,212	-129
Depreciation & Amortization	1,423	1,215	1,167	1,231	1,300
Loss (Gain) From Sale of Assets	46	57	120	293	665
Loss (Gain) From Sale of Investments	-	7	9	1	-
Other Operating Activities	-390	-575	-302	147	284
Change in Accounts Receivable	-29	-14	-314	-60	21
Change in Inventory	50	-30	91	170	75
Change in Accounts Payable	-56	49	295	-411	247
Change in Other Net Operating Assets	-261	-1,200	-500	-1,005	-798
Operating Cash Flow	3,626	2,456	2,334	1,578	1,665
Operating Cash Flow Growth	47.64%	5.23%	47.91%	-5.22%	-4.86%
Capital Expenditures	-2,865	-2,625	-1,380	-936	-1,012
Sale of Property, Plant & Equipment	43	240	5	5	-
Sale (Purchase) of Intangibles	-89	-53	-75	-104	-66
Investment in Securities	12	4	-3	2	-1
Other Investing Activities	310	1,090	232	269	209
Investing Cash Flow	-2,946	-1,753	-1,098	-975	-754
Long-Term Debt Issued	1,210	1,210	980	1,040	2,300
Total Debt Issued	1,210	1,210	980	1,040	2,300
Short-Term Debt Repaid	-70	-	-	-	-190
Long-Term Debt Repaid	-1,417	-1,630	-1,750	-1,764	-1,680
Total Debt Repaid	-1,487	-1,630	-1,750	-1,764	-1,870
Net Debt Issued (Repaid)	-277	-420	-770	-724	430
Common Dividends Paid	-39	-39	-	-	-39
Other Financing Activities	-147	-256	-216	-212	-244
Financing Cash Flow	-463	-715	-986	-936	147
Miscellaneous Cash Flow Adjustments	-1	-	-1	1	-
Net Cash Flow	216	-12	249	-332	1,058
Free Cash Flow	761	-169	954	642	653
Free Cash Flow Growth	-	-	48.60%	-1.69%	716.25%
Free Cash Flow Margin	5.26%	-1.20%	7.16%	5.53%	6.25%
Free Cash Flow Per Share	382.99	-85.05	480.12	323.10	328.64
Cash Interest Paid	50	44	45	50	54
Cash Income Tax Paid	352	605	506	204	120
Levered Free Cash Flow	-36.25	-1,228	852.38	-114.13	126.38
Unlevered Free Cash Flow	-5.63	-1,201	881.13	-82.25	160.13
Change in Working Capital	-296	-1,195	-428	-1,306	-455

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