TRE Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	25,593	19,194	6,006	7,885	7,662
Depreciation & Amortization	9,371	8,593	6,466	6,310	5,492
Loss (Gain) From Sale of Assets	3,157	3,103	-112	-78	-106
Loss (Gain) on Equity Investments	-95	-119	-179	-231	-147
Other Operating Activities	-7,515	-4,454	-1,848	-3,679	-2,640
Change in Accounts Receivable	-3,574	-7,887	-1,224	-76	-369
Change in Inventory	154	-315	95	-254	273
Change in Accounts Payable	1,570	2,316	-39	-251	493
Change in Other Net Operating Assets	1,111	-596	3,029	-442	359
Operating Cash Flow	29,772	19,835	12,194	9,184	11,017
Operating Cash Flow Growth	326.84%	62.66%	32.77%	-16.64%	-
Capital Expenditures	-15,758	-11,878	-11,955	-5,707	-4,395
Sale of Property, Plant & Equipment	145	71	205	256	391
Cash Acquisitions	-1,891	-	-5,091	-1,412	-
Investment in Securities	-2	4	-3	3	342
Other Investing Activities	-237	-279	25	167	1,513
Investing Cash Flow	-17,743	-12,082	-16,819	-6,693	-2,149
Short-Term Debt Issued	-	1,399	1,648	2,875	-
Long-Term Debt Issued	-	11,914	8,461	2,814	7,001
Total Debt Issued	7,542	13,313	10,109	5,689	7,001
Short-Term Debt Repaid	-	-	-	-	-3,866
Long-Term Debt Repaid	-	-5,264	-6,022	-5,858	-5,804
Total Debt Repaid	-5,334	-5,264	-6,022	-5,858	-9,670
Net Debt Issued (Repaid)	2,208	8,049	4,087	-169	-2,669
Issuance of Common Stock	-	-	-	734	-
Repurchase of Common Stock	-3,473	-4,400	-2	-742	-15
Common Dividends Paid	-2,267	-2,072	-2,088	-2,326	-839
Other Financing Activities	-283	-71	-388	-324	-177
Financing Cash Flow	-3,815	1,506	1,609	-2,827	-3,700
Miscellaneous Cash Flow Adjustments	-	-	2	-	8,563
Net Cash Flow	8,214	9,259	-3,014	-336	13,731
Free Cash Flow	14,014	7,957	239	3,477	6,622
Free Cash Flow Growth	-	3229.29%	-93.13%	-47.49%	-
Free Cash Flow Margin	11.02%	6.71%	0.26%	3.83%	9.71%
Free Cash Flow Per Share	282.87	156.65	4.65	67.70	154.71
Cash Interest Paid	599	523	337	302	254
Cash Income Tax Paid	7,152	2,321	2,042	3,825	2,657
Levered Free Cash Flow	12,135	7,017	1,204	2,611	-
Unlevered Free Cash Flow	12,506	7,321	1,430	2,790	-
Change in Working Capital	-739	-6,482	1,861	-1,023	756

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