TYO:9647 Cash Flow Statement

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 31, 2026	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	998	925	759	656	549	463
Depreciation & Amortization	74	73	73	75	72	80
Other Operating Activities	-322	-250	-201	-353	-212	-154
Change in Accounts Receivable	-508	-158	-543	117	42	-95
Change in Inventory	8	9	6	6	112	-17
Change in Accounts Payable	-104	45	11	18	-113	61
Change in Other Net Operating Assets	8	157	305	76	114	-23
Operating Cash Flow	154	801	410	595	564	315
Operating Cash Flow Growth	-83.41%	95.37%	-31.09%	5.50%	79.05%	-56.07%
Capital Expenditures	-5	-12	-20	-4	-9	-5
Cash Acquisitions	-	-	-30	-	-	-
Sale (Purchase) of Intangibles	-8	-10	-7	-23	-4	-4
Other Investing Activities	29	30	-2	34	8	-13
Investing Cash Flow	16	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	-17	-18	-17	-17	-17	-17
Other Financing Activities	-40	-36	-44	-48	-47	-49
Financing Cash Flow	-57	-54	-561	-465	-69	-286
Miscellaneous Cash Flow Adjustments	2	1	-	-	-1	-2
Net Cash Flow	115	756	-210	137	489	5
Free Cash Flow	149	789	390	591	555	310
Free Cash Flow Growth	-83.50%	102.31%	-34.01%	6.49%	79.03%	-55.07%
Free Cash Flow Margin	1.78%	9.35%	4.84%	7.70%	7.17%	4.23%
Free Cash Flow Per Share	255.14	1351.03	667.81	1011.99	950.34	530.82
Levered Free Cash Flow	90.13	730.38	395.13	511	343.38	285
Unlevered Free Cash Flow	106.38	744.13	408.25	526	360.25	304.38
Cash Interest Paid	25	22	20	24	27	30
Cash Income Tax Paid	322	250	203	357	212	155
Change in Working Capital	-596	53	-221	217	155	-74