ProjectHoldings Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '17 Dec 31, 2017
Net Income	137	-286	835	949	-
Depreciation & Amortization	135	234	185	60	-
Loss (Gain) From Sale of Assets	3	429	4	1	-
Loss (Gain) From Sale of Investments	4	-389	-	-1	-
Other Operating Activities	48	-229	-521	-198	-
Change in Accounts Receivable	-62	14	10	-196	-
Change in Accounts Payable	36	262	-179	217	-
Change in Other Net Operating Assets	268	-166	118	-50	-
Operating Cash Flow	569	-131	452	782	-
Operating Cash Flow Growth	-	-	-42.20%	-	-
Capital Expenditures	-32	-600	-25	-25	-
Sale of Property, Plant & Equipment	1	-	-	-	-
Cash Acquisitions	-	-	-506	-501	-
Divestitures	-	246	-	-	-
Investment in Securities	13	336	-3	-32	-
Other Investing Activities	53	24	-172	-660	-
Investing Cash Flow	35	6	-706	-1,218	-
Long-Term Debt Issued	-	500	1,740	487	-
Long-Term Debt Repaid	-999	-508	-250	-106	-
Net Debt Issued (Repaid)	-999	-8	1,490	381	-
Issuance of Common Stock	6	10	76	28	-
Repurchase of Common Stock	-140	-23	-833	-	-
Other Financing Activities	-	-	-3	-2	-
Financing Cash Flow	-1,133	-21	730	407	-
Miscellaneous Cash Flow Adjustments	1	-1	75	2	-
Net Cash Flow	-528	-147	551	-27	-
Free Cash Flow	537	-731	427	757	-
Free Cash Flow Growth	-	-	-43.59%	-	-
Free Cash Flow Margin	9.79%	-13.85%	6.80%	17.39%	-
Free Cash Flow Per Share	99.90	-134.80	71.92	126.93	-
Cash Interest Paid	26	24	12	3	-
Cash Income Tax Paid	-43	216	514	196	-
Levered Free Cash Flow	569.25	-624.88	489.5	-	-
Unlevered Free Cash Flow	585.5	-610.5	497.63	-	-
Change in Working Capital	242	110	-51	-29	-

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