Forval RealStraight Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Mar '20 Mar 31, 2020	Mar '19 Mar 31, 2019	Mar '18 Mar 31, 2018	Mar '17 Mar 31, 2017	Mar '16 Mar 31, 2016
Net Income	96	68	58	46	32
Depreciation & Amortization	2	2	1	-	-
Other Operating Activities	1	2	-	2	-8
Change in Accounts Receivable	-87	-11	-31	-44	-
Change in Accounts Payable	42	42	-2	62	-42
Change in Other Net Operating Assets	-30	40	2	17	26
Operating Cash Flow	24	143	28	83	8
Operating Cash Flow Growth	-83.22%	410.71%	-66.27%	937.50%	-95.45%
Capital Expenditures	-1	-3	-5	-2	-
Sale (Purchase) of Intangibles	-	-1	-	-1	-
Other Investing Activities	-	4	-10	-1	-
Investing Cash Flow	-1	-	-15	-4	-
Issuance of Common Stock	1	-	1	-	4
Common Dividends Paid	-32	-27	-23	-	-
Other Financing Activities	1	-	1	-	-
Financing Cash Flow	-30	-27	-21	-	4
Miscellaneous Cash Flow Adjustments	-	1	-	-	1
Net Cash Flow	-7	117	-8	79	13
Free Cash Flow	23	140	23	81	8
Free Cash Flow Growth	-83.57%	508.70%	-71.60%	912.50%	-95.43%
Free Cash Flow Margin	1.31%	9.23%	1.80%	7.07%	0.86%
Free Cash Flow Per Share	0.98	5.97	0.98	3.46	0.34
Cash Income Tax Paid	-	-	-	-3	8
Levered Free Cash Flow	-21.25	147.5	-38	17.75	-9
Unlevered Free Cash Flow	-21.25	147.5	-38	17.75	-9
Change in Working Capital	-75	71	-31	35	-16

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