Maruwn Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	1,652	1,668	781	511	785	759
Depreciation & Amortization	2,017	2,040	2,144	2,401	2,358	2,266
Loss (Gain) From Sale of Assets	-42	-29	-29	38	8	-35
Loss (Gain) From Sale of Investments	-7	-250	-63	-12	-35	-14
Other Operating Activities	-477	-151	-141	106	-605	-440
Change in Accounts Receivable	-105	166	370	276	539	-68
Change in Accounts Payable	133	-10	-271	-68	-708	-19
Change in Other Net Operating Assets	-370	-181	-204	208	-158	289
Operating Cash Flow	2,801	3,253	2,587	3,460	2,184	2,738
Operating Cash Flow Growth	3.43%	25.74%	-25.23%	58.43%	-20.23%	25.48%
Capital Expenditures	-2,319	-1,909	-1,602	-1,028	-1,967	-2,522
Sale of Property, Plant & Equipment	65	51	71	84	70	61
Cash Acquisitions	-146	-48	-	-	-	-
Investment in Securities	-137	158	268	19	-80	11
Other Investing Activities	17	30	-13	6	-4	8
Investing Cash Flow	-2,530	-1,728	-1,273	-918	-1,980	-2,399
Long-Term Debt Issued	-	-	-	-	600	1,400
Total Debt Issued	200	-	-	-	600	1,400
Short-Term Debt Repaid	-	-300	-300	-600	-600	-753
Long-Term Debt Repaid	-	-700	-844	-1,321	-1,277	-1,162
Total Debt Repaid	-630	-1,000	-1,144	-1,921	-1,877	-1,915
Net Debt Issued (Repaid)	-430	-1,000	-1,144	-1,921	-1,277	-515
Common Dividends Paid	-546	-287	-230	-230	-231	-229
Other Financing Activities	-13	-9	-88	-38	-3	-29
Financing Cash Flow	-989	-1,296	-1,462	-2,189	-1,511	-773
Foreign Exchange Rate Adjustments	10	-11	50	5	64	34
Miscellaneous Cash Flow Adjustments	-	-2	-	37	1	1
Net Cash Flow	-708	216	-98	395	-1,242	-399
Free Cash Flow	482	1,344	985	2,432	217	216
Free Cash Flow Growth	-59.87%	36.45%	-59.50%	1020.74%	0.46%	-
Free Cash Flow Margin	1.03%	2.91%	2.19%	5.22%	0.46%	0.46%
Free Cash Flow Per Share	16.69	46.53	34.10	84.19	7.51	7.48
Cash Interest Paid	7	8	12	21	27	30
Cash Income Tax Paid	485	150	137	-105	600	488
Levered Free Cash Flow	526.13	1,276	1,070	2,428	-52.38	-125
Unlevered Free Cash Flow	530.5	1,281	1,077	2,440	-36.75	-106.25
Change in Working Capital	-342	-25	-105	416	-327	202

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.