Trusco Nakayama 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	22,626	22,651	17,908	15,259	16,988
Depreciation & Amortization	5,577	6,087	6,229	6,690	6,957
Loss (Gain) From Sale of Assets	-86	-2,778	-70	-	-3,466
Loss (Gain) From Sale of Investments	-	183	816	-	-
Other Operating Activities	-6,965	-7,073	-4,650	-4,904	-3,440
Change in Accounts Receivable	-2,889	-3,200	-2,813	-3,398	-3,540
Change in Inventory	-12,784	-4,378	-5,449	-2,906	-1,036
Change in Accounts Payable	1,894	1,370	1,885	1,289	2,980
Change in Other Net Operating Assets	810	159	946	148	483
Operating Cash Flow	8,183	13,021	14,802	12,178	15,926
Operating Cash Flow Growth	-37.16%	-12.03%	21.55%	-23.53%	5.69%
Capital Expenditures	-18,494	-19,287	-11,171	-3,818	-7,875
Sale of Property, Plant & Equipment	333	3,662	184	3	4,946
Cash Acquisitions	-	-147	-	-	-
Sale (Purchase) of Intangibles	-3,359	-2,479	-1,944	-1,114	-720
Investment in Securities	-19	-	49	-263	-999
Other Investing Activities	-26	-16	-231	27	52
Investing Cash Flow	-21,565	-18,267	-13,113	-5,165	-4,596
Long-Term Debt Issued	25,000	15,000	15,000	-	-
Total Debt Issued	25,000	15,000	15,000	-	-
Short-Term Debt Repaid	-	-	-	-7,000	-
Long-Term Debt Repaid	-1,500	-8,500	-10,000	-	-
Total Debt Repaid	-1,500	-8,500	-10,000	-7,000	-
Net Debt Issued (Repaid)	23,500	6,500	5,000	-7,000	-
Repurchase of Common Stock	-	-1	-2	-	-1
Common Dividends Paid	-3,862	-3,260	-3,064	-2,109	-2,241
Other Financing Activities	-2	-1	-2	-1	-1
Financing Cash Flow	19,636	3,238	1,932	-9,110	-2,243
Foreign Exchange Rate Adjustments	19	57	63	48	18
Miscellaneous Cash Flow Adjustments	-1	1	-	-	-
Net Cash Flow	6,272	-1,950	3,684	-2,049	9,105
Free Cash Flow	-10,311	-6,266	3,631	8,360	8,051
Free Cash Flow Growth	-	-	-56.57%	3.84%	14.75%
Free Cash Flow Margin	-3.22%	-2.12%	1.35%	3.39%	3.51%
Free Cash Flow Per Share	-156.37	-95.03	55.06	126.78	122.09
Cash Interest Paid	616	245	101	88	88
Cash Income Tax Paid	6,968	7,074	4,595	4,905	3,392
Levered Free Cash Flow	-17,610	-5,539	1,146	5,889	6,248
Unlevered Free Cash Flow	-17,223	-5,385	1,208	5,944	6,303
Change in Working Capital	-12,969	-6,049	-5,431	-4,867	-1,113

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