Forval Telecom,Inc. 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	1,283	1,153	1,166	641	1,355	646	Upgrade
Depreciation & Amortization	430	424	445	317	282	252	Upgrade
Loss (Gain) From Sale of Assets	2	-	2	-	1	6	Upgrade
Other Operating Activities	-21	134	200	-116	-89	-33	Upgrade
Change in Accounts Receivable	-114	-552	583	-272	546	-142	Upgrade
Change in Inventory	-284	-62	13	169	31	-181	Upgrade
Change in Accounts Payable	-24	542	-604	456	102	-6	Upgrade
Change in Other Net Operating Assets	-310	292	-184	-288	-542	707	Upgrade
Operating Cash Flow	904	1,931	1,621	907	1,686	1,249	Upgrade
Operating Cash Flow Growth	-50.03%	19.12%	78.72%	-46.20%	34.99%	2016.95%	Upgrade
Capital Expenditures	-16	-30	-93	-62	-47	-45	Upgrade
Sale (Purchase) of Intangibles	-379	-389	-482	-340	-297	-223	Upgrade
Investment in Securities	-	-	-4	-	-	-	Upgrade
Other Investing Activities	-	-1	-357	-44	371	24	Upgrade
Investing Cash Flow	-103	-420	-936	-446	27	-244	Upgrade
Short-Term Debt Repaid	-	-1,300	-428	-406	-1,606	-156	Upgrade
Long-Term Debt Repaid	-	-	-	-30	-60	-60	Upgrade
Total Debt Repaid	-700	-1,300	-428	-436	-1,666	-216	Upgrade
Net Debt Issued (Repaid)	-700	-1,300	-428	-436	-1,666	-216	Upgrade
Common Dividends Paid	-335	-318	-284	-283	-283	-283	Upgrade
Other Financing Activities	-18	-18	-1	-1	-	-	Upgrade
Financing Cash Flow	-1,053	-1,636	-713	-720	-1,949	-499	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	7	-	1	-1	Upgrade
Net Cash Flow	-252	-125	-21	-259	-235	505	Upgrade
Free Cash Flow	888	1,901	1,528	845	1,639	1,204	Upgrade
Free Cash Flow Growth	-47.73%	24.41%	80.83%	-48.44%	36.13%	-	Upgrade
Free Cash Flow Margin	3.57%	7.40%	6.61%	3.41%	7.52%	5.54%	Upgrade
Free Cash Flow Per Share	53.00	113.45	91.19	50.47	98.18	72.13	Upgrade
Cash Interest Paid	5	8	13	15	21	29	Upgrade
Cash Income Tax Paid	196	11	149	221	191	376	Upgrade
Levered Free Cash Flow	510.5	1,200	417.88	330.13	980.25	455.38	Upgrade
Unlevered Free Cash Flow	513.63	1,206	426	340.13	994	473.5	Upgrade
Change in Working Capital	-732	220	-192	65	137	378	Upgrade

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