IX Knowledge 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 2013	FY 2012
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '13 Mar 31, 2013	Mar '12 Mar 31, 2012
Net Income	1,949	1,739	1,524	202	130
Depreciation & Amortization	91	87	48	110	101
Loss (Gain) From Sale of Assets	-	-	4	1	2
Loss (Gain) From Sale of Investments	-	-	4	-20	-
Loss (Gain) on Equity Investments	-18	-24	-20	-	-10
Other Operating Activities	-366	-657	-447	-61	-41
Change in Accounts Receivable	-648	69	-284	35	196
Change in Inventory	-1	-	14	-35	-99
Change in Accounts Payable	74	-32	-	-141	266
Change in Other Net Operating Assets	-243	-36	198	103	-115
Operating Cash Flow	838	1,146	1,041	194	430
Operating Cash Flow Growth	-26.88%	10.09%	436.60%	-54.88%	-39.94%
Capital Expenditures	-8	-14	-8	-69	-98
Sale of Property, Plant & Equipment	-	-	2	12	-
Cash Acquisitions	-	-	-392	-	-
Divestitures	-	-	-	-5	-
Investment in Securities	-1	-4	-61	-145	-2
Other Investing Activities	-21	-	-3	6	-
Investing Cash Flow	-30	-18	-462	-200	-99
Short-Term Debt Issued	-	-	-	30	-
Long-Term Debt Issued	200	-	100	700	500
Total Debt Issued	200	-	100	730	500
Long-Term Debt Repaid	-60	-60	-70	-346	-246
Total Debt Repaid	-60	-60	-70	-346	-246
Net Debt Issued (Repaid)	140	-60	30	384	254
Repurchase of Common Stock	-	-100	-147	-26	-23
Common Dividends Paid	-285	-288	-196	-59	-60
Other Financing Activities	-	-	-	-1	-1
Financing Cash Flow	-145	-448	-313	298	170
Miscellaneous Cash Flow Adjustments	-2	-1	-1	1	-
Net Cash Flow	661	679	265	293	501
Free Cash Flow	830	1,132	1,033	125	332
Free Cash Flow Growth	-26.68%	9.58%	726.40%	-62.35%	-48.04%
Free Cash Flow Margin	3.64%	5.21%	5.11%	0.80%	2.17%
Free Cash Flow Per Share	86.80	117.38	110.05	10.68	27.97
Cash Interest Paid	1	1	1	7	5
Cash Income Tax Paid	371	664	455	20	41
Levered Free Cash Flow	1,082	975.75	-	132	487.13
Unlevered Free Cash Flow	1,083	976.38	-	136.38	490.25
Change in Working Capital	-818	1	-72	-38	248

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