Makiya 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	2,204	2,103	1,777	1,737	2,234
Depreciation & Amortization	1,604	1,315	1,282	1,245	1,058
Loss (Gain) From Sale of Assets	161	292	65	78	74
Loss (Gain) From Sale of Investments	-	-10	-15	-	-
Other Operating Activities	-826	-606	-550	-907	-425
Change in Accounts Receivable	-213	-376	-146	-184	53
Change in Inventory	-186	312	-173	-224	-9
Change in Accounts Payable	360	697	161	181	-54
Change in Other Net Operating Assets	-	55	139	-194	437
Operating Cash Flow	3,104	3,782	2,540	1,732	3,368
Operating Cash Flow Growth	-17.93%	48.90%	46.65%	-48.58%	35.75%
Capital Expenditures	-1,346	-1,049	-861	-1,633	-1,182
Cash Acquisitions	-	-1,833	-	-	-
Investment in Securities	-	19	19	3	33
Other Investing Activities	-25	-28	-22	-319	-33
Investing Cash Flow	-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	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	-2,078	-1,502	-1,471	-1,973	-1,896
Net Debt Issued (Repaid)	-578	1,298	29	-773	-496
Common Dividends Paid	-224	-174	-149	-199	-149
Other Financing Activities	-431	-424	-436	-439	-448
Financing Cash Flow	-1,233	700	-556	-1,411	-1,093
Miscellaneous Cash Flow Adjustments	-1	1	-1	-	-1
Net Cash Flow	499	1,592	1,119	-1,628	1,092
Free Cash Flow	1,758	2,733	1,679	99	2,186
Free Cash Flow Growth	-35.68%	62.78%	1595.96%	-95.47%	25.42%
Free Cash Flow Margin	1.97%	3.53%	2.34%	0.14%	2.89%
Free Cash Flow Per Share	175.98	273.76	168.19	9.92	218.97
Cash Interest Paid	39	21	19	18	18
Cash Income Tax Paid	824	606	459	755	426
Levered Free Cash Flow	1,390	2,696	1,287	-511.25	2,274
Unlevered Free Cash Flow	1,414	2,710	1,299	-500	2,285
Change in Working Capital	-39	688	-19	-421	427

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