Belc CO., LTD. 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	12,681	17,074	14,733	14,241	13,597
Depreciation & Amortization	8,550	7,594	6,968	6,524	6,291
Loss (Gain) From Sale of Assets	173	294	258	56	286
Asset Writedown & Restructuring Costs	704	-	-	-	-
Other Operating Activities	-1,022	-3,951	-4,916	-5,052	-4,026
Change in Accounts Receivable	-410	-136	-1,020	-609	744
Change in Inventory	-1,528	-1,912	-1,109	-918	-330
Change in Accounts Payable	272	1,900	3,267	2,023	568
Change in Unearned Revenue	1,322	-	-	-	-
Change in Other Net Operating Assets	193	1,827	2,878	-647	-71
Operating Cash Flow	20,935	22,690	21,059	15,618	17,059
Operating Cash Flow Growth	-7.74%	7.75%	34.84%	-8.45%	-1.67%
Capital Expenditures	-23,203	-17,814	-17,117	-16,538	-16,251
Sale of Property, Plant & Equipment	-	-156	1,868	799	-66
Sale (Purchase) of Intangibles	-248	-467	-1,033	-271	-512
Investment in Securities	-10	-9	-	-7	-
Other Investing Activities	669	-3,296	165	160	-1,636
Investing Cash Flow	-22,774	-21,719	-16,227	-15,928	-18,476
Short-Term Debt Issued	200	-	-	-	-
Long-Term Debt Issued	16,050	11,199	7,000	14,000	15,000
Total Debt Issued	16,250	11,199	7,000	14,000	15,000
Short-Term Debt Repaid	-	-	-	-500	-300
Long-Term Debt Repaid	-9,774	-8,873	-8,058	-6,796	-6,098
Total Debt Repaid	-9,774	-8,873	-8,058	-7,296	-6,398
Net Debt Issued (Repaid)	6,476	2,326	-1,058	6,704	8,602
Repurchase of Common Stock	-106	-	-	-114	-
Common Dividends Paid	-2,586	-2,419	-2,065	-1,919	-1,856
Other Financing Activities	-4	-72	-259	-574	-908
Financing Cash Flow	3,780	-165	-3,382	4,097	5,838
Miscellaneous Cash Flow Adjustments	73	-1	-2	-	-
Net Cash Flow	2,014	805	1,448	3,787	4,421
Free Cash Flow	-2,268	4,876	3,942	-920	808
Free Cash Flow Growth	-	23.69%	-	-	-76.21%
Free Cash Flow Margin	-0.54%	1.26%	1.12%	-0.30%	0.27%
Free Cash Flow Per Share	-108.86	233.91	189.11	-44.12	38.72
Cash Interest Paid	266	146	113	72	56
Cash Income Tax Paid	5,096	3,935	4,900	5,038	4,015
Levered Free Cash Flow	-5,031	1,020	2,184	-1,631	-928.25
Unlevered Free Cash Flow	-4,839	1,128	2,265	-1,561	-876.38
Change in Working Capital	-151	1,679	4,016	-151	911

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