Nippo 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	1,558	1,948	1,783	1,405	-188
Depreciation & Amortization	1,540	1,444	1,240	1,231	1,377
Loss (Gain) From Sale of Assets	437	99	52	6	138
Loss (Gain) From Sale of Investments	-	-	-	-4	-
Other Operating Activities	-377	-405	-458	-216	-264
Change in Accounts Receivable	-206	-312	600	378	-525
Change in Inventory	129	368	-562	-301	-132
Change in Accounts Payable	-534	280	20	-290	516
Change in Other Net Operating Assets	221	260	303	35	673
Operating Cash Flow	2,768	3,682	2,978	2,244	1,595
Operating Cash Flow Growth	-24.82%	23.64%	32.71%	40.69%	-26.60%
Capital Expenditures	-1,622	-1,109	-1,099	-1,007	-1,015
Sale of Property, Plant & Equipment	31	1	8	944	602
Sale (Purchase) of Intangibles	-95	-203	-234	-28	-30
Investment in Securities	52	-244	-201	-185	-
Other Investing Activities	-41	-3	-83	-17	-4
Investing Cash Flow	-1,675	-1,558	-1,608	-291	-438
Short-Term Debt Issued	-	-	-	374	607
Long-Term Debt Issued	600	-	808	300	-
Total Debt Issued	600	-	808	674	607
Short-Term Debt Repaid	-300	-544	-969	-	-
Long-Term Debt Repaid	-378	-388	-335	-382	-2,134
Total Debt Repaid	-678	-932	-1,304	-382	-2,134
Net Debt Issued (Repaid)	-78	-932	-496	292	-1,527
Issuance of Common Stock	32	40	27	-	-
Repurchase of Common Stock	-	-	-157	-	-
Common Dividends Paid	-672	-299	-199	-101	-80
Other Financing Activities	-355	-453	-552	-463	-665
Financing Cash Flow	-1,073	-1,644	-1,377	-272	-2,272
Foreign Exchange Rate Adjustments	526	289	337	-41	-276
Miscellaneous Cash Flow Adjustments	1	-	-1	-	-1
Net Cash Flow	547	769	329	1,640	-1,392
Free Cash Flow	1,146	2,573	1,879	1,237	580
Free Cash Flow Growth	-55.46%	36.94%	51.90%	113.28%	107.89%
Free Cash Flow Margin	2.55%	6.14%	4.83%	3.48%	1.45%
Free Cash Flow Per Share	127.29	287.46	208.93	135.81	63.68
Cash Interest Paid	37	56	105	61	129
Cash Income Tax Paid	399	419	477	234	276
Levered Free Cash Flow	412.5	1,328	1,198	431.63	525.75
Unlevered Free Cash Flow	446.88	1,370	1,276	480.38	614.5
Change in Working Capital	-390	596	361	-178	532

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