NIPPON KANZAI Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	10,567	9,634	8,529	8,662	8,376
Depreciation & Amortization	1,899	1,718	1,073	880	777
Loss (Gain) From Sale of Assets	28	21	40	71	110
Loss (Gain) From Sale of Investments	50	-1,936	-302	-	-100
Loss (Gain) on Equity Investments	190	955	752	-	-439
Other Operating Activities	-3,312	-2,929	-3,357	-1,325	-3,057
Change in Accounts Receivable	119	-722	-2,729	-1,686	979
Change in Inventory	173	-4,400	601	744	575
Change in Accounts Payable	1,442	-148	753	713	-2,088
Change in Other Net Operating Assets	-1,053	-493	113	-296	-677
Operating Cash Flow	10,103	1,700	5,473	7,763	4,456
Operating Cash Flow Growth	494.29%	-68.94%	-29.50%	74.22%	-40.44%
Capital Expenditures	-1,560	-1,943	-450	-726	-984
Sale of Property, Plant & Equipment	-	1	10	-	2
Cash Acquisitions	-	-	-502	-	-511
Investment in Securities	-416	2,560	-610	-3,831	-340
Other Investing Activities	25	1,451	-1,384	9	-18
Investing Cash Flow	-2,375	1,805	-2,918	-4,511	-1,840
Short-Term Debt Issued	11,550	11,650	10,500	-	3,200
Long-Term Debt Issued	284	3,800	-	-	-
Total Debt Issued	11,834	15,450	10,500	-	3,200
Short-Term Debt Repaid	-11,550	-11,650	-10,500	-	-3,200
Long-Term Debt Repaid	-1,406	-227	-831	-1,294	-843
Total Debt Repaid	-12,956	-11,877	-11,331	-1,294	-4,043
Net Debt Issued (Repaid)	-1,122	3,573	-831	-1,294	-843
Repurchase of Common Stock	-	-2,728	-	-	-
Common Dividends Paid	-1,961	-2,006	-2,019	-2,113	-2,018
Other Financing Activities	-1,379	-952	-492	-310	-213
Financing Cash Flow	-4,462	-2,113	-3,342	-3,717	-3,074
Foreign Exchange Rate Adjustments	63	280	-389	63	71
Miscellaneous Cash Flow Adjustments	-1	433	-1	-	1
Net Cash Flow	3,328	2,105	-1,177	-402	-386
Free Cash Flow	8,543	-243	5,023	7,037	3,472
Free Cash Flow Growth	-	-	-28.62%	102.68%	-49.43%
Free Cash Flow Margin	5.69%	-0.17%	4.09%	6.22%	3.35%
Free Cash Flow Per Share	235.21	-6.57	134.37	188.24	92.88
Cash Interest Paid	89	53	39	36	21
Cash Income Tax Paid	4,058	1,672	3,654	1,487	3,278
Levered Free Cash Flow	6,464	96.88	3,836	6,366	2,562
Unlevered Free Cash Flow	6,519	129.38	3,860	6,388	2,575
Change in Working Capital	681	-5,763	-1,262	-525	-1,211

Source: S&P Global Market Intelligence. Standard template. Financial Sources.