Bewith Cash Flow Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	359	834	2,537	2,268	2,590	-
Depreciation & Amortization	510	398	308	231	200	-
Loss (Gain) From Sale of Assets	406	245	3	-	1	-
Loss (Gain) From Sale of Investments	-75	-75	-	-	-	-
Loss (Gain) on Equity Investments	61	73	30	-	-	-
Other Operating Activities	-425	-705	-557	-567	-1,037	-
Change in Accounts Receivable	146	84	-93	-629	-43	-
Change in Inventory	-55	-59	26	-27	-1	-
Change in Accounts Payable	-160	-262	244	282	-183	-
Change in Other Net Operating Assets	-17	643	71	-25	59	-
Operating Cash Flow	750	1,176	2,569	1,533	1,586	-
Operating Cash Flow Growth	-64.25%	-54.22%	67.58%	-3.34%	-	-
Capital Expenditures	-332	-235	-361	-219	-185	-
Cash Acquisitions	-	-	-	6	-	-
Sale (Purchase) of Intangibles	-216	-269	-305	-218	-87	-
Investment in Securities	247	109	-102	-167	-	-
Other Investing Activities	-113	-84	-126	-13	-94	-
Investing Cash Flow	-414	-479	-894	-611	-366	-
Short-Term Debt Issued	-	-	-	5	-	-
Long-Term Debt Issued	-	-	-	27	-	-
Total Debt Issued	-	-	-	32	-	-
Short-Term Debt Repaid	-	-	-5	-	-	-
Long-Term Debt Repaid	-	-3	-4	-28	-	-
Total Debt Repaid	-2	-3	-9	-28	-	-
Net Debt Issued (Repaid)	-2	-3	-9	4	-	-
Issuance of Common Stock	41	44	198	201	1,171	-
Common Dividends Paid	-1,087	-746	-680	-643	-569	-
Other Financing Activities	-1	-1	-1	-	-22	-
Financing Cash Flow	-1,049	-706	-492	-438	580	-
Miscellaneous Cash Flow Adjustments	-2	-1	-1	-1	1	-
Net Cash Flow	-715	-10	1,182	483	1,801	-
Free Cash Flow	418	941	2,208	1,314	1,401	-
Free Cash Flow Growth	-77.17%	-57.38%	68.04%	-6.21%	-	-
Free Cash Flow Margin	1.16%	2.58%	5.77%	3.74%	4.32%	-
Free Cash Flow Per Share	29.19	65.60	153.52	93.72	105.45	-
Cash Income Tax Paid	435	714	585	623	1,074	-
Levered Free Cash Flow	291.38	738.75	1,646	872.63	1,031	-
Unlevered Free Cash Flow	291.38	738.75	1,646	872.63	1,031	-
Change in Working Capital	-86	406	248	-399	-168	-

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.