TYO:9647 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	925	759	656	549	463
Depreciation & Amortization	73	73	75	72	80
Other Operating Activities	-250	-201	-353	-212	-154
Change in Accounts Receivable	-158	-543	117	42	-95
Change in Inventory	9	6	6	112	-17
Change in Accounts Payable	45	11	18	-113	61
Change in Other Net Operating Assets	157	305	76	114	-23
Operating Cash Flow	801	410	595	564	315
Operating Cash Flow Growth	95.37%	-31.09%	5.50%	79.05%	-56.07%
Capital Expenditures	-12	-20	-4	-9	-5
Cash Acquisitions	-	-30	-	-	-
Sale (Purchase) of Intangibles	-10	-7	-23	-4	-4
Other Investing Activities	30	-2	34	8	-13
Investing Cash Flow	8	-59	7	-5	-22
Short-Term Debt Repaid	-	-500	-	-	-200
Long-Term Debt Repaid	-	-	-400	-5	-20
Total Debt Repaid	-	-500	-400	-5	-220
Net Debt Issued (Repaid)	-	-500	-400	-5	-220
Common Dividends Paid	-18	-17	-17	-17	-17
Other Financing Activities	-36	-44	-48	-47	-49
Financing Cash Flow	-54	-561	-465	-69	-286
Miscellaneous Cash Flow Adjustments	1	-	-	-1	-2
Net Cash Flow	756	-210	137	489	5
Free Cash Flow	789	390	591	555	310
Free Cash Flow Growth	102.31%	-34.01%	6.49%	79.03%	-55.07%
Free Cash Flow Margin	9.35%	4.84%	7.70%	7.17%	4.23%
Free Cash Flow Per Share	1349.28	667.81	1011.99	950.34	530.82
Cash Interest Paid	22	20	24	27	30
Cash Income Tax Paid	250	203	357	212	155
Levered Free Cash Flow	730.38	395.13	511	343.38	285
Unlevered Free Cash Flow	744.13	408.25	526	360.25	304.38
Change in Working Capital	53	-221	217	155	-74

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