SoftBank 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
Period Ending	Dec '25 Dec 31, 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
Net Income	575,046	655,286	590,265	654,125	583,952	491,287
Depreciation & Amortization	772,506	748,014	743,808	764,210	723,444	521,348
Other Amortization	-	-	-	-	-	174,994
Loss (Gain) From Sale of Assets	19,084	21,978	25,321	30,927	19,179	33,356
Loss (Gain) From Sale of Investments	-61,309	-44,998	9,615	35,463	-2,898	10,018
Loss (Gain) on Equity Investments	9,908	9,650	22,198	47,875	60,094	45,490
Other Operating Activities	-40,819	-198,053	-338,231	-264,263	-425,443	42,778
Change in Accounts Receivable	-313,222	-321,107	-325,141	-125,607	-169,276	-204,101
Change in Inventory	-24,371	-39,375	2,744	-21,331	-16,537	-19,272
Change in Accounts Payable	274,996	285,177	292,551	280,885	50,197	137,586
Change in Other Net Operating Assets	37,063	251,299	216,559	-246,534	393,206	105,465
Operating Cash Flow	1,248,882	1,367,871	1,239,689	1,155,750	1,215,918	1,338,949
Operating Cash Flow Growth	-14.63%	10.34%	7.26%	-4.95%	-9.19%	7.16%
Capital Expenditures	-710,413	-746,657	-554,074	-609,222	-709,092	-479,522
Sale of Property, Plant & Equipment	1,094	3,125	1,838	1,676	2,041	9,074
Cash Acquisitions	-39,200	-350	-67,528	382,455	-1,298	-
Divestitures	234	-21,909	-	-	-	303,153
Investment in Securities	-523,616	-27,305	-72,461	-47,804	-289,388	-328,946
Other Investing Activities	13,416	-202,087	-235,382	118,122	40,044	-15,054
Investing Cash Flow	-1,258,485	-995,183	-927,607	-154,773	-957,693	-511,295
Short-Term Debt Issued	-	-	162,128	54,550	-	314,991
Long-Term Debt Issued	-	1,649,994	2,638,810	2,087,121	2,075,450	2,429,231
Total Debt Issued	2,549,947	1,649,994	2,800,938	2,141,671	2,075,450	2,744,222
Short-Term Debt Repaid	-	-417,203	-	-	-16,914	-
Long-Term Debt Repaid	-	-1,872,502	-2,778,236	-2,223,935	-1,905,637	-2,600,491
Total Debt Repaid	-2,360,322	-2,289,705	-2,778,236	-2,223,935	-1,922,551	-2,600,491
Net Debt Issued (Repaid)	189,625	-639,711	22,702	-82,264	152,899	143,731
Issuance of Common Stock	32,075	221,055	136,233	-	-	-
Repurchase of Common Stock	-63,527	-	-100,000	-	-	-100,000
Common Dividends Paid	-415,096	-408,836	-406,752	-405,559	-403,609	-
Dividends Paid	-415,096	-408,836	-406,752	-405,559	-403,609	-405,497
Other Financing Activities	-55,779	-128,937	-9,281	-7,437	-54,362	-26,696
Financing Cash Flow	-312,702	-956,429	-357,098	-495,260	-305,072	-388,462
Foreign Exchange Rate Adjustments	8,962	-6,618	11,733	6,658	8,747	1,892
Miscellaneous Cash Flow Adjustments	-	33,011	-33,011	-	-	-
Net Cash Flow	-313,343	-557,348	-66,294	512,375	-38,100	441,084
Free Cash Flow	538,469	621,214	685,615	546,528	506,826	859,427
Free Cash Flow Growth	-39.02%	-9.39%	25.45%	7.83%	-41.03%	5.10%
Free Cash Flow Margin	7.77%	9.49%	11.27%	9.24%	8.91%	16.51%
Free Cash Flow Per Share	11.25	13.04	14.37	11.47	10.60	17.96
Cash Interest Paid	85,273	78,451	62,922	61,362	63,394	59,215
Cash Income Tax Paid	252,589	187,605	281,182	265,662	357,488	273,560
Levered Free Cash Flow	-	896,846	687,392	1,285,137	130,166	1,253,582
Unlevered Free Cash Flow	-	947,770	727,225	1,325,165	169,214	1,293,807
Change in Working Capital	-25,534	175,994	186,713	-112,587	257,590	19,678

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