Japan Ecosystem Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	761	839	1,276	654	801
Depreciation & Amortization	547	331	322	369	371
Loss (Gain) From Sale of Assets	-150	-36	-383	178	-
Loss (Gain) From Sale of Investments	-	-10	-32	-	-
Other Operating Activities	-307	-453	-359	-282	-78
Change in Accounts Receivable	511	-576	142	63	-118
Change in Inventory	-256	87	-7	-1	167
Change in Accounts Payable	-178	29	-1	-176	259
Change in Other Net Operating Assets	-288	298	-192	79	73
Operating Cash Flow	640	509	766	884	1,475
Operating Cash Flow Growth	25.74%	-33.55%	-13.35%	-40.07%	-
Capital Expenditures	-3,346	-1,824	-424	-472	-197
Sale of Property, Plant & Equipment	549	209	688	-	-
Cash Acquisitions	-1,811	-131	111	-46	-2
Sale (Purchase) of Intangibles	-45	-11	-51	-48	-1
Investment in Securities	113	97	169	-176	-4
Other Investing Activities	48	-3	-75	-1	34
Investing Cash Flow	-4,492	-1,663	418	-743	-170
Short-Term Debt Issued	-	85	70	-	-
Long-Term Debt Issued	4,950	439	485	100	-
Total Debt Issued	4,950	524	555	100	-
Short-Term Debt Repaid	-150	-	-	-340	-489
Long-Term Debt Repaid	-1,180	-717	-797	-694	-613
Total Debt Repaid	-1,330	-717	-797	-1,034	-1,102
Net Debt Issued (Repaid)	3,620	-193	-242	-934	-1,102
Issuance of Common Stock	9	462	3	1,324	-
Common Dividends Paid	-150	-144	-175	-76	-
Other Financing Activities	-5	-24	-11	-51	-63
Financing Cash Flow	3,474	101	-425	263	-1,165
Miscellaneous Cash Flow Adjustments	-	1	-	-1	-2
Net Cash Flow	-378	-1,052	759	403	138
Free Cash Flow	-2,706	-1,315	342	412	1,278
Free Cash Flow Growth	-	-	-16.99%	-67.76%	-
Free Cash Flow Margin	-24.03%	-14.14%	4.51%	5.71%	18.30%
Free Cash Flow Per Share	-307.31	-153.04	41.65	50.63	213.00
Cash Interest Paid	32	10	8	8	14
Cash Income Tax Paid	306	451	357	282	79
Levered Free Cash Flow	-3,490	-1,741	488.5	218.38	1,153
Unlevered Free Cash Flow	-3,470	-1,735	493.5	223.38	1,161
Change in Working Capital	-211	-162	-58	-35	381

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