NSD Co., Ltd. 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	17,080	15,375	14,764	11,602	9,480
Depreciation & Amortization	2,621	2,570	826	741	666
Loss (Gain) From Sale of Assets	8	-	2	16	275
Loss (Gain) From Sale of Investments	-49	-40	-2,150	-	-
Other Operating Activities	-4,322	-5,710	-3,803	-3,612	-2,076
Change in Accounts Receivable	-3,381	-930	-140	-2,427	-454
Change in Inventory	-78	326	-16	20	-43
Change in Accounts Payable	634	41	440	553	-213
Change in Other Net Operating Assets	-215	556	144	351	522
Operating Cash Flow	12,298	12,188	10,067	7,244	8,157
Operating Cash Flow Growth	0.90%	21.07%	38.97%	-11.19%	20.59%
Capital Expenditures	-589	-288	-115	-275	-247
Cash Acquisitions	-	-15,292	-1,509	-	-
Divestitures	-	-	5,103	-	-
Sale (Purchase) of Intangibles	-280	-263	-215	-123	-313
Investment in Securities	1,723	-2,063	2,804	-820	-17
Other Investing Activities	50	57	-50	841	-81
Investing Cash Flow	904	-17,849	6,018	-377	-658
Long-Term Debt Issued	-	1,775	-	-	-
Short-Term Debt Repaid	-850	-1,775	-	-	-
Long-Term Debt Repaid	-512	-729	-134	-	-
Total Debt Repaid	-1,362	-2,504	-134	-	-
Net Debt Issued (Repaid)	-1,362	-729	-134	-	-
Issuance of Common Stock	-	1,400	-	-	-
Repurchase of Common Stock	-1,701	-1,701	-2,502	-2,703	-990
Common Dividends Paid	-5,535	-4,381	-4,819	-3,327	-2,551
Other Financing Activities	-1,674	-359	-119	-116	-87
Financing Cash Flow	-10,272	-5,770	-7,574	-6,146	-3,628
Foreign Exchange Rate Adjustments	-13	122	29	6	-14
Miscellaneous Cash Flow Adjustments	-2	-	-	-	-
Net Cash Flow	2,915	-11,309	8,540	727	3,857
Free Cash Flow	11,709	11,900	9,952	6,969	7,910
Free Cash Flow Growth	-1.60%	19.57%	42.80%	-11.90%	20.58%
Free Cash Flow Margin	10.86%	11.75%	12.76%	9.79%	11.95%
Free Cash Flow Per Share	152.49	154.54	128.84	88.51	99.40
Cash Interest Paid	25	18	7	9	12
Cash Income Tax Paid	4,319	5,713	3,961	3,725	2,221
Levered Free Cash Flow	10,129	9,207	9,641	5,680	6,699
Unlevered Free Cash Flow	10,145	9,221	9,645	5,685	6,707
Change in Working Capital	-3,040	-7	428	-1,503	-188

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