Makiya Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	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	2,289	2,204	2,103	1,777	1,737	2,234
Depreciation & Amortization	1,655	1,604	1,315	1,282	1,245	1,058
Loss (Gain) From Sale of Assets	161	161	292	65	78	74
Loss (Gain) From Sale of Investments	-	-	-10	-15	-	-
Other Operating Activities	-766	-826	-606	-550	-907	-425
Change in Accounts Receivable	-288	-213	-376	-146	-184	53
Change in Inventory	102	-186	312	-173	-224	-9
Change in Accounts Payable	326	360	697	161	181	-54
Change in Other Net Operating Assets	123	-	55	139	-194	437
Operating Cash Flow	3,602	3,104	3,782	2,540	1,732	3,368
Operating Cash Flow Growth	17.44%	-17.93%	48.90%	46.65%	-48.58%	35.75%
Capital Expenditures	-2,453	-1,346	-1,049	-861	-1,633	-1,182
Cash Acquisitions	-	-	-1,833	-	-	-
Investment in Securities	-100	-	19	19	3	33
Other Investing Activities	490	-25	-28	-22	-319	-33
Investing Cash Flow	-2,063	-1,371	-2,891	-864	-1,949	-1,182
Short-Term Debt Issued	-	-	300	-	-	-
Long-Term Debt Issued	-	1,500	2,500	1,500	1,200	1,400
Total Debt Issued	700	1,500	2,800	1,500	1,200	1,400
Short-Term Debt Repaid	-	-308	-	-	-500	-360
Long-Term Debt Repaid	-	-1,770	-1,502	-1,471	-1,473	-1,536
Total Debt Repaid	-1,677	-2,078	-1,502	-1,471	-1,973	-1,896
Net Debt Issued (Repaid)	-977	-578	1,298	29	-773	-496
Common Dividends Paid	-249	-224	-174	-149	-199	-149
Other Financing Activities	-432	-431	-424	-436	-439	-448
Financing Cash Flow	-1,658	-1,233	700	-556	-1,411	-1,093
Miscellaneous Cash Flow Adjustments	-1	-1	1	-1	-	-1
Net Cash Flow	-120	499	1,592	1,119	-1,628	1,092
Free Cash Flow	1,149	1,758	2,733	1,679	99	2,186
Free Cash Flow Growth	-21.25%	-35.68%	62.78%	1595.96%	-95.47%	25.42%
Free Cash Flow Margin	1.25%	1.97%	3.53%	2.34%	0.14%	2.89%
Free Cash Flow Per Share	114.95	175.98	273.76	168.19	9.92	218.97
Cash Interest Paid	44	39	21	19	18	18
Cash Income Tax Paid	765	824	606	459	755	426
Levered Free Cash Flow	991.38	1,390	2,696	1,287	-511.25	2,274
Unlevered Free Cash Flow	1,020	1,414	2,710	1,299	-500	2,285
Change in Working Capital	263	-39	688	-19	-421	427

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.