Shinki Bus 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	3,634	3,243	2,567	3,445	-1,797
Depreciation & Amortization	2,053	1,712	1,699	2,119	2,649
Loss (Gain) From Sale of Assets	286	237	74	-2,104	560
Loss (Gain) From Sale of Investments	-	-	-	-	-121
Loss (Gain) on Equity Investments	-17	6	-39	-21	40
Other Operating Activities	-941	-1,085	-601	590	-159
Change in Accounts Receivable	-698	-488	-886	784	-338
Change in Inventory	43	-151	128	-143	-62
Change in Accounts Payable	324	254	546	1	-691
Change in Other Net Operating Assets	20	-64	9	-722	-896
Operating Cash Flow	4,704	3,664	3,497	3,949	-815
Operating Cash Flow Growth	28.38%	4.78%	-11.45%	-	-
Capital Expenditures	-4,380	-6,491	-3,671	-1,665	-4,885
Sale of Property, Plant & Equipment	40	177	122	4,445	423
Divestitures	-	-	-	-	500
Investment in Securities	-611	-2	197	-	124
Other Investing Activities	-335	-153	37	-148	-184
Investing Cash Flow	-5,286	-6,469	-3,315	2,632	-4,022
Short-Term Debt Issued	-	-	-	400	200
Long-Term Debt Issued	1,600	-	-	-	4,230
Total Debt Issued	1,600	-	-	400	4,430
Short-Term Debt Repaid	-	-	-	-400	-200
Long-Term Debt Repaid	-571	-913	-1,032	-626	-427
Total Debt Repaid	-571	-913	-1,032	-1,026	-627
Net Debt Issued (Repaid)	1,029	-913	-1,032	-626	3,803
Common Dividends Paid	-316	-210	-240	-210	-105
Other Financing Activities	-159	-107	-92	-593	-289
Financing Cash Flow	554	-1,230	-1,364	-1,429	3,409
Miscellaneous Cash Flow Adjustments	1	28	166	-	-
Net Cash Flow	-27	-4,007	-1,016	5,152	-1,428
Free Cash Flow	324	-2,827	-174	2,284	-5,700
Free Cash Flow Margin	0.61%	-5.71%	-0.39%	5.88%	-15.98%
Free Cash Flow Per Share	26.87	-234.65	-14.45	189.67	-473.34
Cash Interest Paid	5	5	7	9	5
Cash Income Tax Paid	1,038	1,165	787	90	1,047
Levered Free Cash Flow	-40.25	-2,957	-351.5	2,128	-5,124
Unlevered Free Cash Flow	-36.5	-2,953	-347.13	2,133	-5,120
Change in Working Capital	-311	-449	-203	-80	-1,987

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