KOZO Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-639	-721	-271	-900	-544
Depreciation & Amortization	143	143	92	179	109
Loss (Gain) From Sale of Assets	314	171	78	247	314
Loss (Gain) From Sale of Investments	-	-	2	2	-11
Loss (Gain) on Equity Investments	38	-	-	-	-
Other Operating Activities	-56	-51	-108	-140	-39
Change in Accounts Receivable	-145	-134	-91	167	-160
Change in Inventory	3	-13	-56	-16	-43
Change in Accounts Payable	-268	219	588	-277	379
Change in Other Net Operating Assets	-171	337	-31	132	125
Operating Cash Flow	-781	-49	203	-606	130
Capital Expenditures	-55	-208	-52	-160	-289
Sale of Property, Plant & Equipment	-	-	-	59	24
Cash Acquisitions	-20	4	102	-217	887
Divestitures	-	-	-	425	-
Sale (Purchase) of Intangibles	-10	-18	-1	-10	-2
Investment in Securities	-	10	-10	12	27
Other Investing Activities	45	-7	260	-305	6
Investing Cash Flow	-152	-169	302	-220	752
Short-Term Debt Issued	1	-	-	-	-
Long-Term Debt Issued	150	20	15	322	120
Total Debt Issued	151	20	15	322	120
Short-Term Debt Repaid	-	-5	-44	-23	-9
Long-Term Debt Repaid	-369	-214	-104	-451	-128
Total Debt Repaid	-369	-219	-148	-474	-137
Net Debt Issued (Repaid)	-218	-199	-133	-152	-17
Issuance of Common Stock	1,031	596	209	210	118
Other Financing Activities	-34	-38	-26	21	30
Financing Cash Flow	779	359	50	79	131
Foreign Exchange Rate Adjustments	3	-11	1	-	-
Miscellaneous Cash Flow Adjustments	1	-2	2	-1	1
Net Cash Flow	-150	128	558	-748	1,014
Free Cash Flow	-836	-257	151	-766	-159
Free Cash Flow Margin	-4.30%	-1.42%	1.16%	-7.44%	-1.98%
Free Cash Flow Per Share	-3.10	-1.13	0.74	-4.41	-1.10
Cash Interest Paid	20	19	19	21	35
Cash Income Tax Paid	57	52	104	148	38
Levered Free Cash Flow	-599.13	108	158.13	-279	98.75
Unlevered Free Cash Flow	-586	122.38	166.88	-261.5	120.63
Change in Working Capital	-581	409	410	6	301

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