Japan Airport Terminal Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Net Income	35,183	27,017	-12,383	-43,558	-54,819
Depreciation & Amortization	28,195	28,232	29,022	31,794	34,403
Loss (Gain) From Sale of Assets	1,397	538	572	1,697	7,259
Loss (Gain) From Sale of Investments	598	221	79	-269	-3,504
Loss (Gain) on Equity Investments	-998	-187	-133	1,611	1,652
Other Operating Activities	-5,222	-2,864	753	3,365	-2,054
Change in Accounts Receivable	-4,451	-7,604	-9,922	-135	3,651
Change in Inventory	-3,267	-3,601	1,029	4,272	3,678
Change in Accounts Payable	1,587	4,735	5,215	681	-1,987
Change in Other Net Operating Assets	791	1,274	2,094	-8,763	7,334
Operating Cash Flow	53,813	47,761	16,326	-9,305	-4,387
Operating Cash Flow Growth	12.67%	192.55%	-	-	-
Capital Expenditures	-18,419	-27,662	-9,857	-5,138	-32,013
Sale of Property, Plant & Equipment	-477	-301	-	47	252
Sale (Purchase) of Intangibles	-2,655	-1,468	-378	-317	-1,708
Investment in Securities	8,911	-13,377	-176	-699	3,180
Other Investing Activities	47	-178	-156	1,231	5,121
Investing Cash Flow	-12,843	-42,986	-10,627	-4,926	-25,268
Short-Term Debt Issued	-	-	-	-	400
Long-Term Debt Issued	12,300	985	883	21,240	35,507
Total Debt Issued	12,300	985	883	21,240	35,907
Short-Term Debt Repaid	-300	-	-100	-100	-
Long-Term Debt Repaid	-32,891	-16,281	-12,826	-28,856	-13,799
Total Debt Repaid	-33,191	-16,281	-12,926	-28,956	-13,799
Net Debt Issued (Repaid)	-20,891	-15,296	-12,043	-7,716	22,108
Issuance of Common Stock	-	-	-	-	56,561
Repurchase of Common Stock	-1,639	-	-	-	-
Common Dividends Paid	-7,171	-3,818	-	-	-812
Other Financing Activities	-828	-535	-598	-1,319	371
Financing Cash Flow	-30,529	-19,649	-12,641	-9,035	78,228
Foreign Exchange Rate Adjustments	43	28	55	40	-13
Miscellaneous Cash Flow Adjustments	-1	1	-	-	-1
Net Cash Flow	10,483	-14,845	-6,887	-23,226	48,559
Free Cash Flow	35,394	20,099	6,469	-14,443	-36,400
Free Cash Flow Growth	76.10%	210.70%	-	-	-
Free Cash Flow Margin	13.11%	9.24%	5.72%	-25.31%	-69.24%
Free Cash Flow Per Share	380.87	215.80	69.46	-155.07	-443.75
Cash Interest Paid	2,269	3,333	2,923	2,859	3,209
Cash Income Tax Paid	6,578	2,618	9	-783	2,065
Levered Free Cash Flow	30,146	15,667	14,494	-1,100	-41,607
Unlevered Free Cash Flow	32,271	17,506	16,364	615	-40,177
Change in Working Capital	-5,340	-5,196	-1,584	-3,945	12,676

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.