The Yonkyu Cash Flow Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	5,684	2,119	2,377	3,057	2,805
Depreciation & Amortization	681	658	546	480	566
Loss (Gain) From Sale of Assets	-	-	1	4	11
Loss (Gain) From Sale of Investments	-3,489	-14	-	-	82
Loss (Gain) on Equity Investments	50	-37	-15	-1	-21
Other Operating Activities	-724	-644	-796	-386	-829
Change in Accounts Receivable	-1,129	614	-1,664	-455	-39
Change in Inventory	238	622	-1,279	-499	-668
Change in Accounts Payable	607	-894	758	182	401
Change in Other Net Operating Assets	742	-196	12	120	-277
Operating Cash Flow	2,660	2,228	-60	2,502	2,031
Operating Cash Flow Growth	19.39%	-	-	23.19%	-52.68%
Capital Expenditures	-326	-1,193	-1,498	-1,730	-1,459
Sale of Property, Plant & Equipment	1	4	1	6	1
Sale (Purchase) of Intangibles	-2	-25	-123	-87	-22
Investment in Securities	3,571	-57	2,538	-714	-342
Other Investing Activities	3	-36	-22	-1	33
Investing Cash Flow	3,260	-1,313	982	-2,452	-1,877
Short-Term Debt Issued	-	-	-	900	500
Long-Term Debt Issued	-	800	2,300	-	1,000
Total Debt Issued	-	800	2,300	900	1,500
Short-Term Debt Repaid	-	-	-1,400	-	-
Long-Term Debt Repaid	-575	-789	-402	-472	-373
Total Debt Repaid	-575	-789	-1,802	-472	-373
Net Debt Issued (Repaid)	-575	11	498	428	1,127
Common Dividends Paid	-244	-244	-244	-244	-243
Other Financing Activities	-1	-	-1	-1	-1
Financing Cash Flow	-820	-233	253	183	883
Foreign Exchange Rate Adjustments	-	-	5	4	5
Miscellaneous Cash Flow Adjustments	-1	-1	1	1	-
Net Cash Flow	5,099	681	1,181	238	1,042
Free Cash Flow	2,334	1,035	-1,558	772	572
Free Cash Flow Growth	125.51%	-	-	34.97%	-85.63%
Free Cash Flow Margin	4.90%	2.31%	-3.45%	1.92%	1.62%
Free Cash Flow Per Share	190.51	84.57	-127.42	63.21	46.88
Cash Interest Paid	18	17	8	9	7
Cash Income Tax Paid	725	633	799	656	820
Levered Free Cash Flow	3,290	543.5	-2,051	-111.63	-131.63
Unlevered Free Cash Flow	3,301	552.25	-2,045	-106.63	-127.88
Change in Working Capital	458	146	-2,173	-652	-583

Source: S&P Global Market Intelligence. Standard template. Financial Sources.