Valuence Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	3,926	1,119	-1,562	1,914	1,683	811
Depreciation & Amortization	1,504	1,440	1,254	1,007	715	772
Loss (Gain) From Sale of Assets	218	223	774	165	99	218
Loss (Gain) From Sale of Investments	-	-	26	-	-	-
Loss (Gain) on Equity Investments	41	-22	50	37	50	-
Other Operating Activities	-519	-169	-685	-891	-552	-216
Change in Accounts Receivable	-360	-362	64	-168	-345	53
Change in Inventory	-4,855	-3,274	512	-934	-2,404	158
Change in Accounts Payable	106	27	-26	122	124	83
Change in Other Net Operating Assets	-1,886	463	-181	122	-1,086	128
Operating Cash Flow	-1,825	-555	226	1,374	-1,716	2,007
Operating Cash Flow Growth	-	-	-83.55%	-	-	26.86%
Capital Expenditures	-2,077	-2,170	-888	-1,342	-770	-635
Cash Acquisitions	-	-	-	-471	-	342
Sale (Purchase) of Intangibles	-648	-656	-753	-831	-362	-269
Other Investing Activities	-82	-137	-464	106	-404	-194
Investing Cash Flow	-2,807	-2,963	-2,105	-2,538	-1,536	-1,256
Short-Term Debt Issued	-	1,500	-	-	3,560	1,997
Long-Term Debt Issued	-	1,400	6,800	4,050	220	-
Total Debt Issued	7,200	2,900	6,800	4,050	3,780	1,997
Short-Term Debt Repaid	-	-	-4,300	-898	-	-
Long-Term Debt Repaid	-	-760	-1,435	-919	-138	-259
Total Debt Repaid	-1,403	-760	-5,735	-1,817	-138	-259
Net Debt Issued (Repaid)	5,797	2,140	1,065	2,233	3,642	1,738
Issuance of Common Stock	-	1	-	1	3	55
Repurchase of Common Stock	-275	-	-	-	-500	-167
Common Dividends Paid	-131	-	-387	-320	-329	-328
Other Financing Activities	-220	-228	-214	-191	-125	-88
Financing Cash Flow	5,171	1,913	464	1,723	2,691	1,210
Foreign Exchange Rate Adjustments	-1	-5	-5	-31	97	32
Miscellaneous Cash Flow Adjustments	-2	-1	1	-	1	-
Net Cash Flow	536	-1,611	-1,419	528	-463	1,993
Free Cash Flow	-3,902	-2,725	-662	32	-2,486	1,372
Free Cash Flow Growth	-	-	-	-	-	4.81%
Free Cash Flow Margin	-4.06%	-3.21%	-0.81%	0.04%	-3.92%	2.61%
Free Cash Flow Per Share	-295.08	-207.06	-50.94	2.47	-188.84	103.26
Cash Interest Paid	229	187	111	77	59	41
Cash Income Tax Paid	518	172	693	840	581	229
Levered Free Cash Flow	-4,894	-3,419	-822.63	-1,229	-2,702	1,185
Unlevered Free Cash Flow	-4,752	-3,301	-752	-1,181	-2,664	1,213
Change in Working Capital	-6,995	-3,146	369	-858	-3,711	422

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.