AZ-COM MARUWA Holdings 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	11,944	14,549	12,214	9,139	8,262
Depreciation & Amortization	3,373	2,940	2,510	1,722	1,636
Loss (Gain) From Sale of Assets	-25	-94	-55	-5	-12
Loss (Gain) From Sale of Investments	-299	-	80	-2	-
Other Operating Activities	-5,634	-5,054	-3,451	-3,324	-2,949
Change in Accounts Receivable	-337	-2,716	-406	-3,197	-862
Change in Accounts Payable	-866	1,112	475	1,732	1,329
Change in Other Net Operating Assets	741	61	41	22	566
Operating Cash Flow	8,897	10,798	11,408	6,087	7,970
Operating Cash Flow Growth	-17.61%	-5.35%	87.42%	-23.63%	12.05%
Capital Expenditures	-8,712	-5,043	-8,830	-834	-3,184
Sale of Property, Plant & Equipment	101	306	119	22	30
Cash Acquisitions	-1,249	9	-2,154	-4,197	-323
Sale (Purchase) of Intangibles	-448	-338	-187	-193	-205
Investment in Securities	801	-204	-2,136	-41	-375
Other Investing Activities	-1,125	-642	-728	5	-545
Investing Cash Flow	-10,606	-5,864	-14,018	-5,240	-4,576
Short-Term Debt Issued	448	-	6,224	3,300	8,000
Long-Term Debt Issued	7,600	5,100	13,074	5,500	25,150
Total Debt Issued	8,048	5,100	19,298	8,800	33,150
Short-Term Debt Repaid	-451	-300	-6,434	-3,300	-8,200
Long-Term Debt Repaid	-5,708	-5,247	-4,369	-2,199	-3,499
Total Debt Repaid	-6,159	-5,547	-10,803	-5,499	-11,699
Net Debt Issued (Repaid)	1,889	-447	8,495	3,301	21,451
Issuance of Common Stock	-	12,894	7	3	9
Repurchase of Common Stock	-240	-	-	-	-5,316
Common Dividends Paid	-4,192	-3,375	-2,679	-2,393	-1,914
Other Financing Activities	-492	-491	-290	-112	-190
Financing Cash Flow	-3,035	8,581	5,533	799	14,040
Miscellaneous Cash Flow Adjustments	-	-	-	1,313	511
Net Cash Flow	-4,744	13,515	2,923	2,959	17,945
Free Cash Flow	185	5,755	2,578	5,253	4,786
Free Cash Flow Growth	-96.78%	123.23%	-50.92%	9.76%	6.85%
Free Cash Flow Margin	0.09%	2.90%	1.45%	3.95%	4.27%
Free Cash Flow Per Share	1.30	42.30	19.36	38.40	36.63
Cash Interest Paid	131	70	49	14	20
Cash Income Tax Paid	5,421	4,835	3,231	3,106	2,875
Levered Free Cash Flow	88.63	4,362	2,298	4,031	4,278
Unlevered Free Cash Flow	174.25	4,407	2,329	4,040	4,325
Change in Working Capital	-462	-1,543	110	-1,443	1,033

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