Japan Communications Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	2016 - 2020
Net Income	1,211	964	1,547	780	299	-270	Upgrade
Depreciation & Amortization	242	198	175	75	22	8	Upgrade
Loss (Gain) on Equity Investments	-18	-16	-18	-15	-5	-10	Upgrade
Other Operating Activities	-158	-276	-92	-40	-6	-31	Upgrade
Change in Accounts Receivable	-186	-71	-145	-192	-36	-32	Upgrade
Change in Inventory	-10	9	5	-30	25	28	Upgrade
Change in Accounts Payable	195	116	-274	207	-355	456	Upgrade
Change in Other Net Operating Assets	-70	6	-127	66	77	270	Upgrade
Operating Cash Flow	1,248	930	1,071	851	21	419	Upgrade
Operating Cash Flow Growth	91.41%	-13.16%	25.85%	3952.38%	-94.99%	-	Upgrade
Capital Expenditures	-321	-257	-95	-40	-98	-19	Upgrade
Sale (Purchase) of Intangibles	-1,604	-545	-121	-110	-171	-36	Upgrade
Investment in Securities	-15	-	-2	-50	-	-	Upgrade
Other Investing Activities	-74	-2	5	-	-2	2	Upgrade
Investing Cash Flow	-2,016	-1,104	-213	-200	-271	-53	Upgrade
Long-Term Debt Issued	-	1,971	-	-	-	-	Upgrade
Total Debt Issued	1,971	1,971	-	-	-	-	Upgrade
Long-Term Debt Repaid	-	-	-	-	-9	-21	Upgrade
Total Debt Repaid	-143	-	-	-	-9	-21	Upgrade
Net Debt Issued (Repaid)	1,828	1,971	-	-	-9	-21	Upgrade
Issuance of Common Stock	-	-	-8	-	-	4	Upgrade
Other Financing Activities	-13	-14	83	-1	159	23	Upgrade
Financing Cash Flow	1,815	1,957	75	-1	150	6	Upgrade
Foreign Exchange Rate Adjustments	2	-	3	2	2	1	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	1	-1	2	1	Upgrade
Net Cash Flow	1,048	1,782	937	651	-96	374	Upgrade
Free Cash Flow	927	673	976	811	-77	400	Upgrade
Free Cash Flow Growth	127.21%	-31.05%	20.34%	-	-	-	Upgrade
Free Cash Flow Margin	8.73%	7.29%	13.19%	13.35%	-1.66%	11.44%	Upgrade
Free Cash Flow Per Share	5.58	4.06	5.91	4.88	-0.47	2.44	Upgrade
Cash Interest Paid	16	2	1	-	-	-	Upgrade
Cash Income Tax Paid	157	275	167	41	4	4	Upgrade
Levered Free Cash Flow	-870.88	-92	244.25	457.5	-436.25	530.13	Upgrade
Unlevered Free Cash Flow	-859.63	-90.75	244.88	458.13	-435	531.38	Upgrade
Change in Working Capital	-71	60	-541	51	-289	722	Upgrade

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