Nareru Group Cash Flow Statement

Financials in millions JPY. Fiscal year is November - October.

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	2,087	3,059	2,475	-	-
Depreciation & Amortization	285.2	261	244	-	-
Loss (Gain) From Sale of Assets	6.48	-	6	-	-
Asset Writedown & Restructuring Costs	38.91	-	-	-	-
Stock-Based Compensation	9.3	-	-	-	-
Other Operating Activities	-227.58	-913	-822	-	-
Change in Accounts Receivable	-155.27	-437	-468	-	-
Change in Accounts Payable	-18.2	82	475	-	-
Change in Other Net Operating Assets	272.76	258	404	-	-
Operating Cash Flow	2,298	2,310	2,314	-	-
Operating Cash Flow Growth	-0.50%	-0.17%	-	-	-
Capital Expenditures	-57.53	-14	-44	-	-
Sale (Purchase) of Intangibles	-38.14	-3	-12	-	-
Investment in Securities	-102.02	-	-	-	-
Other Investing Activities	-0	8	78	-	-
Investing Cash Flow	-197.64	-6	22	-	-
Long-Term Debt Repaid	-941.55	-714	-714	-	-
Net Debt Issued (Repaid)	-941.55	-714	-714	-	-
Issuance of Common Stock	23.5	293	391	-	-
Common Dividends Paid	-1,004	-1,228	-	-	-
Other Financing Activities	-1.08	-221	-213	-	-
Financing Cash Flow	-1,923	-1,870	-536	-	-
Miscellaneous Cash Flow Adjustments	127.88	-1	-1	-	-
Net Cash Flow	305.53	433	1,799	-	-
Free Cash Flow	2,241	2,296	2,270	-	-
Free Cash Flow Growth	-2.40%	1.15%	-	-	-
Free Cash Flow Margin	9.28%	10.63%	12.62%	-	-
Free Cash Flow Per Share	255.08	262.92	265.43	-	-
Cash Interest Paid	75.62	50	48	-	-
Cash Income Tax Paid	894.78	915	770	-	-
Levered Free Cash Flow	1,805	1,922	2,016	-	-
Unlevered Free Cash Flow	1,852	1,953	2,046	-	-
Change in Working Capital	99.29	-97	411	-	-

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