Japaniace Cash Flow Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	765.15	1,022	873	614	-
Depreciation & Amortization	16.69	17	14	14	-
Other Operating Activities	-15.41	-307	-250	-70	-
Change in Accounts Receivable	-103.19	-20	-267	-138	-
Change in Inventory	-	-	-	3	-
Change in Accounts Payable	45.34	152	156	69	-
Change in Other Net Operating Assets	110.81	74	40	107	-
Operating Cash Flow	819.39	938	566	599	-
Operating Cash Flow Growth	-12.65%	65.72%	-5.51%	-	-
Capital Expenditures	-19.38	-5	-22	-4	-
Sale (Purchase) of Intangibles	-	-15	-	-	-
Investment in Securities	-10	-10	-10	-	-
Other Investing Activities	-16.06	-1	-13	-2	-
Investing Cash Flow	-44.85	-31	-45	-6	-
Short-Term Debt Issued	300	-	-	-	-
Total Debt Issued	300	-	-	-	-
Net Debt Issued (Repaid)	300	-	-	-	-
Issuance of Common Stock	1.74	11	11	187	-
Repurchase of Common Stock	-	-100	-	-	-
Common Dividends Paid	-384.14	-494	-217	-137	-
Other Financing Activities	0	-	-	-2	-
Financing Cash Flow	-82.4	-583	-206	48	-
Miscellaneous Cash Flow Adjustments	-0	-1	-1	1	-
Net Cash Flow	692.14	323	314	642	-
Free Cash Flow	800	933	544	595	-
Free Cash Flow Growth	-14.26%	71.51%	-8.57%	-	-
Free Cash Flow Margin	6.62%	8.32%	5.50%	7.15%	-
Free Cash Flow Per Share	200.08	231.89	134.72	153.77	-
Cash Interest Paid	2.32	-	-	-	-
Cash Income Tax Paid	328.73	308	250	73	-
Levered Free Cash Flow	666.5	796.25	477.13	547.88	-
Unlevered Free Cash Flow	667.95	796.25	477.13	547.88	-
Change in Working Capital	52.96	206	-71	41	-

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