The Royal Hotel 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	2,057	554	13,328	-4,799	-7,102
Depreciation & Amortization	381	243	1,408	1,447	1,480
Loss (Gain) From Sale of Assets	219	136	-15,461	259	185
Loss (Gain) From Sale of Investments	177	-71	2	-10	-
Other Operating Activities	-108	-12	1,442	4,272	3,202
Change in Accounts Receivable	78	313	-817	-222	57
Change in Inventory	-	-29	89	-8	43
Change in Accounts Payable	264	-1,755	2,022	-1,572	1,233
Change in Other Net Operating Assets	-1,864	-1,003	-1,932	-3,467	-3,077
Operating Cash Flow	1,204	-1,624	81	-4,100	-3,979
Capital Expenditures	-517	-429	-479	-864	-1,245
Sale of Property, Plant & Equipment	-	-	55,500	-	-
Cash Acquisitions	-1,223	-	-	-	-
Sale (Purchase) of Intangibles	-57	-41	-105	-193	-39
Investment in Securities	1	38	-	22	-
Other Investing Activities	-190	-62	-1,520	-91	-52
Investing Cash Flow	-1,981	-478	53,419	-1,128	-1,319
Short-Term Debt Issued	-	-	-	-	7,400
Long-Term Debt Issued	-	-	-	-	2,000
Total Debt Issued	-	-	-	-	9,400
Short-Term Debt Repaid	-	-	-4,000	-3,900	-
Long-Term Debt Repaid	-56	-	-27,800	-1,358	-1,510
Total Debt Repaid	-56	-	-31,800	-5,258	-1,510
Net Debt Issued (Repaid)	-56	-	-31,800	-5,258	7,890
Issuance of Common Stock	-	-	-	9,900	-
Repurchase of Common Stock	-	-	-10,492	-	-
Common Dividends Paid	-132	-	-	-	-
Other Financing Activities	-72	-36	-406	-609	-408
Financing Cash Flow	-260	-36	-42,698	4,033	7,482
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Cash Flow	-1,037	-2,139	10,802	-1,195	2,184
Free Cash Flow	687	-2,053	-398	-4,964	-5,224
Free Cash Flow Margin	2.73%	-9.93%	-1.51%	-30.15%	-33.41%
Free Cash Flow Per Share	36.37	-108.68	-27.94	-484.67	-510.06
Cash Interest Paid	5	-	345	324	264
Cash Income Tax Paid	126	13	13	13	-75
Levered Free Cash Flow	604.75	-2,193	236.5	-6,534	-5,574
Unlevered Free Cash Flow	606.63	-2,193	452.75	-6,332	-5,411
Change in Working Capital	-1,522	-2,474	-638	-5,269	-1,744

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