Satoh & 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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	1,941	1,755	1,346	891
Depreciation & Amortization	425	378	327	328
Loss (Gain) From Sale of Assets	3	3	7	49
Loss (Gain) From Sale of Investments	-	-1	-	-19
Loss (Gain) on Equity Investments	-23	-24	-31	-11
Other Operating Activities	-456	-407	-271	-284
Change in Accounts Receivable	318	-367	-682	-15
Change in Inventory	-375	51	-450	-173
Change in Accounts Payable	-1,954	2,046	1,239	9
Change in Other Net Operating Assets	-109	95	-153	34
Operating Cash Flow	-230	3,529	1,332	809
Operating Cash Flow Growth	-	164.94%	64.65%	-23.97%
Capital Expenditures	-837	-333	-711	-560
Sale (Purchase) of Intangibles	-34	-73	-51	-64
Investment in Securities	-2,900	-1,426	-1,501	518
Other Investing Activities	-9	-39	29	7
Investing Cash Flow	-3,780	-1,871	-2,234	-99
Repurchase of Common Stock	-	-	-	-810
Common Dividends Paid	-350	-300	-250	-268
Other Financing Activities	-	-	-	-1
Financing Cash Flow	-350	-300	-250	-1,079
Miscellaneous Cash Flow Adjustments	-1	-2	-1	1
Net Cash Flow	-4,361	1,356	-1,153	-368
Free Cash Flow	-1,067	3,196	621	249
Free Cash Flow Growth	-	414.65%	149.40%	-67.32%
Free Cash Flow Margin	-2.17%	6.71%	1.42%	0.64%
Free Cash Flow Per Share	-127.94	383.21	74.46	28.29
Cash Interest Paid	3	1	1	2
Cash Income Tax Paid	625	409	271	285
Levered Free Cash Flow	-1,911	3,254	400	119.75
Unlevered Free Cash Flow	-1,910	3,255	400.63	121
Change in Working Capital	-2,120	1,825	-46	-145

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