The Keihin Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	3,171	3,002	3,926	3,257	2,507
Depreciation & Amortization	2,023	1,648	1,662	1,775	1,856
Loss (Gain) From Sale of Assets	43	24	6	29	8
Loss (Gain) From Sale of Investments	-114	-38	26	-	-
Other Operating Activities	-820	-1,221	-1,305	-878	-603
Change in Accounts Receivable	15	-461	439	388	-427
Change in Accounts Payable	-208	184	332	-1,173	169
Change in Other Net Operating Assets	-306	768	150	1,122	175
Operating Cash Flow	3,804	3,906	5,236	4,520	3,685
Operating Cash Flow Growth	-2.61%	-25.40%	15.84%	22.66%	1.38%
Capital Expenditures	-2,684	-2,500	-1,877	-995	-788
Investment in Securities	-1	-54	-118	211	47
Other Investing Activities	-140	-242	-19	-	-
Investing Cash Flow	-2,825	-2,668	-2,013	-784	-612
Short-Term Debt Issued	-	-	75	-	980
Long-Term Debt Issued	1,900	2,503	1,720	2,448	400
Total Debt Issued	1,900	2,503	1,795	2,448	1,380
Short-Term Debt Repaid	-210	-331	-	-904	-
Long-Term Debt Repaid	-2,226	-2,862	-2,459	-3,426	-2,489
Total Debt Repaid	-2,436	-3,193	-2,459	-4,330	-2,489
Net Debt Issued (Repaid)	-536	-690	-664	-1,882	-1,109
Common Dividends Paid	-458	-456	-326	-325	-325
Other Financing Activities	-266	-234	-235	-239	-247
Financing Cash Flow	-1,260	-1,380	-1,225	-2,446	-1,681
Foreign Exchange Rate Adjustments	139	117	117	31	-14
Miscellaneous Cash Flow Adjustments	1	1	-	-	-2
Net Cash Flow	-141	-24	2,115	1,321	1,376
Free Cash Flow	1,120	1,406	3,359	3,525	2,897
Free Cash Flow Growth	-20.34%	-58.14%	-4.71%	21.68%	5.27%
Free Cash Flow Margin	2.22%	3.02%	5.62%	6.51%	6.02%
Free Cash Flow Per Share	171.55	215.35	514.48	539.90	443.71
Cash Interest Paid	68	64	69	84	95
Cash Income Tax Paid	818	1,219	1,308	878	606
Levered Free Cash Flow	792.5	811.88	2,873	1,724	2,560
Unlevered Free Cash Flow	837.5	858.13	2,926	1,787	2,632
Change in Working Capital	-499	491	921	337	-83

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