Nareru Group Cash Flow Statement

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

Millions JPY. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	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	1,934	2,758	3,059	2,475	-	-
Depreciation & Amortization	300.17	285	261	244	-	-
Loss (Gain) From Sale of Assets	5.94	45	-	6	-	-
Other Operating Activities	-24.97	-894	-913	-822	-	-
Change in Accounts Receivable	-200.67	-155	-437	-468	-	-
Change in Accounts Payable	2.99	180	82	475	-	-
Change in Other Net Operating Assets	457.49	79	258	404	-	-
Operating Cash Flow	2,524	2,298	2,310	2,314	-	-
Operating Cash Flow Growth	-0.19%	-0.52%	-0.17%	-	-	-
Capital Expenditures	-122.93	-57	-14	-44	-	-
Sale (Purchase) of Intangibles	-70.51	-38	-3	-12	-	-
Other Investing Activities	-8.3	-102	8	78	-	-
Investing Cash Flow	-304.24	-197	-6	22	-	-
Long-Term Debt Repaid	-	-714	-714	-714	-	-
Net Debt Issued (Repaid)	-950.85	-714	-714	-714	-	-
Issuance of Common Stock	6	23	293	391	-	-
Common Dividends Paid	-1,003	-1,004	-1,228	-	-	-
Other Financing Activities	-1	-228	-221	-213	-	-
Financing Cash Flow	-1,948	-1,923	-1,870	-536	-	-
Miscellaneous Cash Flow Adjustments	-0	126	-1	-1	-	-
Net Cash Flow	271.31	304	433	1,799	-	-
Free Cash Flow	2,401	2,241	2,296	2,270	-	-
Free Cash Flow Growth	-3.33%	-2.40%	1.15%	-	-	-
Free Cash Flow Margin	9.78%	9.28%	10.63%	12.62%	-	-
Free Cash Flow Per Share	273.22	255.08	262.92	265.43	-	-
Cash Interest Paid	77.74	75	50	48	-	-
Cash Income Tax Paid	838.36	894	915	770	-	-
Levered Free Cash Flow	1,824	2,021	1,922	2,016	-	-
Unlevered Free Cash Flow	1,873	2,066	1,953	2,046	-	-
Change in Working Capital	259.81	104	-97	411	-	-

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.