NOMURA Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	9,134	9,310	5,421	3,240	5,962
Depreciation & Amortization	1,075	1,246	1,251	1,118	1,087
Asset Writedown & Restructuring Costs	186	-	-	-	-
Loss (Gain) From Sale of Investments	-61	-255	-193	-1	-431
Provision & Write-off of Bad Debts	-39	-	-	-	-
Other Operating Activities	471	-2,453	-1,158	-2,463	-634
Change in Accounts Receivable	15,133	-16,085	-5,225	-6,313	1,550
Change in Inventory	111	-217	56	-35	2,256
Change in Accounts Payable	-18,175	10,220	3,815	2,055	-71
Change in Unearned Revenue	-125	-	-	-	-
Change in Other Net Operating Assets	3,155	-91	2,157	-1,108	-4,433
Operating Cash Flow	10,865	1,675	6,124	-3,507	5,286
Operating Cash Flow Growth	548.66%	-72.65%	-	-	-6.79%
Capital Expenditures	-1,025	-259	-162	-229	-242
Sale (Purchase) of Intangibles	-186	-230	-211	-344	-632
Investment in Securities	199	660	203	-219	1,167
Other Investing Activities	13	-126	-71	-29	355
Investing Cash Flow	-999	45	-241	-821	648
Common Dividends Paid	-3,557	-2,996	-2,773	-3,105	-2,769
Other Financing Activities	-100	-93	-90	-70	-82
Financing Cash Flow	-3,657	-3,089	-2,863	-3,175	-2,851
Foreign Exchange Rate Adjustments	22	77	66	-46	146
Miscellaneous Cash Flow Adjustments	-1	1	-	-1	1
Net Cash Flow	6,230	-1,291	3,086	-7,550	3,230
Free Cash Flow	9,840	1,416	5,962	-3,736	5,044
Free Cash Flow Growth	594.92%	-76.25%	-	-	-3.30%
Free Cash Flow Margin	6.05%	0.94%	4.45%	-3.37%	4.54%
Free Cash Flow Per Share	88.18	12.70	53.50	-33.55	45.32
Cash Income Tax Paid	3,268	2,453	1,160	2,463	636
Levered Free Cash Flow	8,468	700.25	6,272	-5,014	4,270
Unlevered Free Cash Flow	8,468	700.25	6,272	-5,014	4,270
Change in Working Capital	99	-6,173	803	-5,401	-698

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