Forval Telecom,Inc. (TYO:9445)

Forval Telecom,Inc. Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	1,153	1,166	641	1,355	646
Depreciation & Amortization	424	445	317	282	252
Loss (Gain) From Sale of Assets	-	2	-	1	6
Other Operating Activities	134	200	-116	-89	-33
Change in Accounts Receivable	-552	583	-272	546	-142
Change in Inventory	-62	13	169	31	-181
Change in Accounts Payable	542	-604	456	102	-6
Change in Other Net Operating Assets	292	-184	-288	-542	707
Operating Cash Flow	1,931	1,621	907	1,686	1,249
Operating Cash Flow Growth	19.12%	78.72%	-46.20%	34.99%	2016.95%
Capital Expenditures	-30	-93	-62	-47	-45
Sale (Purchase) of Intangibles	-389	-482	-340	-297	-223
Investment in Securities	-	-4	-	-	-
Other Investing Activities	-1	-357	-44	371	24
Investing Cash Flow	-420	-936	-446	27	-244
Short-Term Debt Repaid	-1,300	-428	-406	-1,606	-156
Long-Term Debt Repaid	-	-	-30	-60	-60
Total Debt Repaid	-1,300	-428	-436	-1,666	-216
Net Debt Issued (Repaid)	-1,300	-428	-436	-1,666	-216
Common Dividends Paid	-318	-284	-283	-283	-283
Other Financing Activities	-18	-1	-1	-	-
Financing Cash Flow	-1,636	-713	-720	-1,949	-499
Miscellaneous Cash Flow Adjustments	-	7	-	1	-1
Net Cash Flow	-125	-21	-259	-235	505
Free Cash Flow	1,901	1,528	845	1,639	1,204
Free Cash Flow Growth	24.41%	80.83%	-48.44%	36.13%	-
Free Cash Flow Margin	7.40%	6.61%	3.41%	7.52%	5.54%
Free Cash Flow Per Share	113.45	91.19	50.47	98.18	72.13
Cash Interest Paid	8	13	15	21	29
Cash Income Tax Paid	11	149	221	191	376
Levered Free Cash Flow	1,200	417.88	330.13	980.25	455.38
Unlevered Free Cash Flow	1,206	426	340.13	994	473.5
Change in Working Capital	220	-192	65	137	378

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