Value Creation Cash Flow Statement

Financials in millions JPY. Fiscal year is March - February.

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2021
Period Ending	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '21 Feb 28, 2021
Net Income	86.37	114.36	-
Depreciation & Amortization	18.8	10.96	-
Other Amortization	-	1.08	-
Other Operating Activities	-46.12	19.43	-
Change in Accounts Receivable	-493.58	124.29	-
Change in Accounts Payable	638.55	53.63	-
Change in Other Net Operating Assets	26.74	2.87	-
Operating Cash Flow	230.76	326.63	-
Operating Cash Flow Growth	-29.35%	-	-
Capital Expenditures	-94.82	-3.43	-
Cash Acquisitions	-32.9	-	-
Sale (Purchase) of Intangibles	-	-27.27	-
Investment in Securities	-150	-	-
Other Investing Activities	20.63	-56.77	-
Investing Cash Flow	-257.09	-87.47	-
Long-Term Debt Issued	230	250	-
Short-Term Debt Repaid	-	-20.84	-
Long-Term Debt Repaid	-263.25	-324	-
Total Debt Repaid	-263.25	-344.83	-
Net Debt Issued (Repaid)	-33.25	-94.83	-
Issuance of Common Stock	-	246.6	-
Common Dividends Paid	-13.8	-	-
Other Financing Activities	-	-11.76	-
Financing Cash Flow	-47.05	140.01	-
Net Cash Flow	-73.38	379.16	-
Free Cash Flow	135.94	323.2	-
Free Cash Flow Growth	-57.94%	-	-
Free Cash Flow Margin	3.96%	10.96%	-
Free Cash Flow Per Share	53.31	138.32	-
Cash Interest Paid	10.14	10.74	-
Cash Income Tax Paid	70.68	45.82	-
Levered Free Cash Flow	121.99	-	-
Unlevered Free Cash Flow	128.33	-	-
Change in Working Capital	171.71	180.8	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.