MicroAd Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	591	14	358	782	519	-
Depreciation & Amortization	437	357	264	162	112	-
Loss (Gain) From Sale of Assets	238	137	-	-	-	-
Loss (Gain) From Sale of Investments	188	342	-2	-42	113	-
Loss (Gain) on Equity Investments	78	60	10	-	14	-
Other Operating Activities	-150	-54	-136	-144	-108	-
Change in Accounts Receivable	-479	-602	-114	135	-138	-
Change in Inventory	-	-	11	1	-13	-
Change in Accounts Payable	238	309	59	-155	33	-
Change in Other Net Operating Assets	-169	218	-112	-473	181	-
Operating Cash Flow	972	781	338	266	713	-
Operating Cash Flow Growth	140.00%	131.06%	27.07%	-62.69%	-	-
Capital Expenditures	-123	-84	-176	-174	-57	-
Cash Acquisitions	55	-20	-812	-85	-	-
Divestitures	-	-476	-	-	-136	-
Sale (Purchase) of Intangibles	-123	-188	-277	-303	-251	-
Investment in Securities	-260	-182	-237	-391	-23	-
Other Investing Activities	-39	24	-47	-67	49	-
Investing Cash Flow	-576	-1,149	-1,805	-1,019	-413	-
Short-Term Debt Issued	-	300	1,000	300	-	-
Total Debt Issued	833	300	1,000	300	-	-
Long-Term Debt Repaid	-	-19	-6	-	-	-
Net Debt Issued (Repaid)	793	281	994	300	-	-
Issuance of Common Stock	9	20	22	148	879	-
Repurchase of Common Stock	-28	-112	-	-	-	-
Other Financing Activities	-546	-27	-19	-27	-198	-
Financing Cash Flow	228	162	997	421	681	-
Foreign Exchange Rate Adjustments	79	81	-36	20	152	-
Miscellaneous Cash Flow Adjustments	-1	2	-	2	-	-
Net Cash Flow	702	-123	-506	-310	1,133	-
Free Cash Flow	849	697	162	92	656	-
Free Cash Flow Growth	277.33%	330.25%	76.09%	-85.98%	-	-
Free Cash Flow Margin	4.96%	4.45%	1.18%	0.71%	5.37%	-
Free Cash Flow Per Share	30.60	25.38	5.75	3.23	25.59	-
Cash Interest Paid	33	24	11	4	11	-
Cash Income Tax Paid	152	56	137	150	110	-
Levered Free Cash Flow	1,010	591.13	-312	-347.88	303	-
Unlevered Free Cash Flow	1,031	606.13	-305.13	-345.38	309.88	-
Change in Working Capital	-410	-75	-156	-492	63	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.