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

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