NCS&A 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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	2,109	2,118	1,616	1,220
Depreciation & Amortization	263	253	225	301
Loss (Gain) From Sale of Assets	-	6	-	-
Loss (Gain) From Sale of Investments	-	-6	-	-13
Other Operating Activities	-499	-464	-182	-193
Change in Accounts Receivable	326	142	-1,040	-221
Change in Inventory	-218	14	-151	46
Change in Accounts Payable	241	19	133	167
Change in Other Net Operating Assets	-9	-570	564	260
Operating Cash Flow	2,213	1,512	1,165	1,567
Operating Cash Flow Growth	46.36%	29.79%	-25.65%	526.80%
Capital Expenditures	-16	-49	-262	-150
Divestitures	-	-	-	238
Sale (Purchase) of Intangibles	-430	-279	-206	-167
Investment in Securities	50	29	-	100
Other Investing Activities	-19	-17	-168	-84
Investing Cash Flow	-415	-316	-636	-63
Short-Term Debt Issued	-	-	-	50
Total Debt Issued	-	-	-	50
Long-Term Debt Repaid	-	-	-	-9
Net Debt Issued (Repaid)	-	-	-	41
Repurchase of Common Stock	-	-12	-272	-114
Common Dividends Paid	-477	-449	-363	-251
Other Financing Activities	-30	-43	-58	-79
Financing Cash Flow	-507	-504	-693	-403
Foreign Exchange Rate Adjustments	11	5	7	15
Miscellaneous Cash Flow Adjustments	-1	-	1	-
Net Cash Flow	1,301	697	-156	1,116
Free Cash Flow	2,197	1,463	903	1,417
Free Cash Flow Growth	50.17%	62.02%	-36.27%	661.83%
Free Cash Flow Margin	10.72%	7.74%	4.66%	6.93%
Free Cash Flow Per Share	135.99	90.99	55.47	85.50
Cash Income Tax Paid	636	470	205	230
Levered Free Cash Flow	1,710	936.75	25.13	1,478
Unlevered Free Cash Flow	1,710	936.75	25.13	1,478
Change in Working Capital	340	-395	-494	252

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