ProjectHoldings Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2017	FY 2016
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Net Income	-286	835	949	-	-
Depreciation & Amortization	234	185	60	-	-
Loss (Gain) From Sale of Assets	429	4	1	-	-
Loss (Gain) From Sale of Investments	-389	-	-1	-	-
Other Operating Activities	-229	-521	-198	-	-
Change in Accounts Receivable	14	10	-196	-	-
Change in Accounts Payable	262	-179	217	-	-
Change in Other Net Operating Assets	-166	118	-50	-	-
Operating Cash Flow	-131	452	782	-	-
Operating Cash Flow Growth	-	-42.20%	-	-	-
Capital Expenditures	-600	-25	-25	-	-
Cash Acquisitions	-	-506	-501	-	-
Divestitures	246	-	-	-	-
Investment in Securities	336	-3	-32	-	-
Other Investing Activities	24	-172	-660	-	-
Investing Cash Flow	6	-706	-1,218	-	-
Long-Term Debt Issued	500	1,740	487	-	-
Long-Term Debt Repaid	-508	-250	-106	-	-
Net Debt Issued (Repaid)	-8	1,490	381	-	-
Issuance of Common Stock	10	76	28	-	-
Repurchase of Common Stock	-23	-833	-	-	-
Other Financing Activities	-	-3	-2	-	-
Financing Cash Flow	-21	730	407	-	-
Miscellaneous Cash Flow Adjustments	-1	75	2	-	-
Net Cash Flow	-147	551	-27	-	-
Free Cash Flow	-731	427	757	-	-
Free Cash Flow Growth	-	-43.59%	-	-	-
Free Cash Flow Margin	-13.85%	6.80%	17.39%	-	-
Free Cash Flow Per Share	-134.80	71.92	126.93	-	-
Cash Interest Paid	24	12	3	-	-
Cash Income Tax Paid	216	514	196	-	-
Levered Free Cash Flow	-624.88	489.5	-	-	-
Unlevered Free Cash Flow	-610.5	497.63	-	-	-
Change in Working Capital	110	-51	-29	-	-

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