Hakuyosha Company Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,569	2,931	2,017	2,310	-927
Depreciation & Amortization	1,228	1,207	1,284	1,396	1,557
Loss (Gain) From Sale of Assets	41	24	132	-966	-1,401
Loss (Gain) From Sale of Investments	-9	-454	-2	8	-159
Loss (Gain) on Equity Investments	-65	-100	-100	-12	14
Other Operating Activities	-482	-76	-775	-641	-43
Change in Accounts Receivable	-313	7	-63	-806	51
Change in Inventory	75	-170	-591	91	1,297
Change in Accounts Payable	-8	-370	394	242	-162
Change in Other Net Operating Assets	-82	-77	-730	-309	-256
Operating Cash Flow	2,954	2,922	1,566	1,313	-29
Operating Cash Flow Growth	1.09%	86.59%	19.27%	-	-
Capital Expenditures	-939	-760	-586	-313	-224
Sale of Property, Plant & Equipment	-	1	9	1,117	1,700
Divestitures	-	-	-	-	63
Sale (Purchase) of Intangibles	-133	-81	-43	-130	-264
Investment in Securities	11	695	6	40	392
Other Investing Activities	53	56	17	101	94
Investing Cash Flow	-1,008	-89	-597	815	1,761
Short-Term Debt Issued	2,608	6,223	19,883	17,309	15,307
Long-Term Debt Issued	1,400	2,489	2,000	1,700	4,619
Total Debt Issued	4,008	8,712	21,883	19,009	19,926
Short-Term Debt Repaid	-2,697	-7,793	-19,120	-17,619	-15,917
Long-Term Debt Repaid	-2,172	-3,050	-2,807	-3,021	-5,005
Total Debt Repaid	-4,869	-10,843	-21,927	-20,640	-20,922
Net Debt Issued (Repaid)	-861	-2,131	-44	-1,631	-996
Repurchase of Common Stock	-	-30	-	-	-38
Common Dividends Paid	-253	-194	-97	-	-
Other Financing Activities	-609	-520	-516	-488	-737
Financing Cash Flow	-1,723	-2,875	-657	-2,119	-1,771
Foreign Exchange Rate Adjustments	5	-73	12	52	18
Miscellaneous Cash Flow Adjustments	-1	1	-1	1	-
Net Cash Flow	227	-114	323	62	-21
Free Cash Flow	2,015	2,162	980	1,000	-253
Free Cash Flow Growth	-6.80%	120.61%	-2.00%	-	-
Free Cash Flow Margin	4.52%	4.96%	2.27%	2.55%	-0.72%
Free Cash Flow Per Share	531.42	570.58	259.36	264.75	-66.72
Cash Interest Paid	221	206	182	186	215
Cash Income Tax Paid	490	86	780	650	44
Levered Free Cash Flow	17.25	1,309	401.63	1,074	756.25
Unlevered Free Cash Flow	154.75	1,436	516	1,191	888.13
Change in Working Capital	-328	-610	-990	-782	930

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