ARCS Company Cash Flow Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	18,178	16,402	17,449	15,495	16,746
Depreciation & Amortization	10,525	10,470	9,874	8,822	8,868
Loss (Gain) From Sale of Assets	992	1,174	911	1,063	489
Loss (Gain) From Sale of Investments	-72	-	-6	-2	96
Loss (Gain) on Equity Investments	-51	-53	-53	-46	-69
Other Operating Activities	-3,231	-5,452	-4,923	-3,657	-7,444
Change in Accounts Receivable	-613	-261	-463	-1,463	-552
Change in Inventory	-1,218	-1,782	-818	-1,360	-334
Change in Accounts Payable	1,986	-446	2,288	-883	-949
Change in Other Net Operating Assets	-194	-668	-207	-980	-2,636
Operating Cash Flow	26,302	19,384	24,052	16,989	14,215
Operating Cash Flow Growth	35.69%	-19.41%	41.57%	19.52%	-51.06%
Capital Expenditures	-6,797	-11,057	-9,854	-6,934	-5,092
Sale of Property, Plant & Equipment	30	25	34	22	220
Cash Acquisitions	-	-	16	-	373
Sale (Purchase) of Intangibles	-1,144	-932	-1,184	-818	-759
Investment in Securities	542	80	135	182	250
Other Investing Activities	26	387	198	-230	615
Investing Cash Flow	-7,335	-11,490	-10,647	-7,768	-4,385
Long-Term Debt Issued	9,000	9,000	5,000	9,450	4,400
Total Debt Issued	9,000	9,000	5,000	9,450	4,400
Short-Term Debt Repaid	-100	-290	-300	-200	-1,400
Long-Term Debt Repaid	-9,131	-6,315	-6,246	-6,791	-5,400
Total Debt Repaid	-9,231	-6,605	-6,546	-6,991	-6,800
Net Debt Issued (Repaid)	-231	2,395	-1,546	2,459	-2,400
Repurchase of Common Stock	-2,299	-	-5,241	-682	-342
Common Dividends Paid	-4,156	-3,934	-3,271	-3,259	-3,210
Other Financing Activities	-1,186	-1,051	-1,209	-1,319	-1,470
Financing Cash Flow	-7,872	-2,590	-11,267	-2,801	-7,422
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-2	-1
Net Cash Flow	11,094	5,303	2,137	6,418	2,407
Free Cash Flow	19,505	8,327	14,198	10,055	9,123
Free Cash Flow Growth	134.24%	-41.35%	41.20%	10.22%	-62.71%
Free Cash Flow Margin	3.11%	1.37%	2.40%	1.78%	1.58%
Free Cash Flow Per Share	362.59	154.26	258.26	179.38	161.55
Cash Interest Paid	172	134	136	139	154
Cash Income Tax Paid	3,215	5,438	4,921	3,652	7,437
Levered Free Cash Flow	16,728	4,612	12,620	7,926	6,871
Unlevered Free Cash Flow	16,841	4,705	12,710	8,016	6,971
Change in Working Capital	-39	-3,157	800	-4,686	-4,471

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.