Marusan-Ai Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 20, 2025	Sep '24 Sep 20, 2024	Sep '23 Sep 20, 2023	Sep '22 Sep 20, 2022	Sep '21 Sep 20, 2021
Net Income	937	1,130	-1,087	226	374
Depreciation & Amortization	1,183	1,121	1,324	1,404	1,442
Loss (Gain) From Sale of Assets	-	2	533	1	17
Loss (Gain) From Sale of Investments	-2	-5	-	-2	-
Loss (Gain) on Equity Investments	-2	-	6	7	-
Other Operating Activities	-357	-48	-282	-48	-387
Change in Accounts Receivable	-1,087	-84	-521	653	-102
Change in Inventory	721	2	-503	-855	-90
Change in Accounts Payable	-304	17	843	281	23
Change in Other Net Operating Assets	-301	260	362	756	-563
Operating Cash Flow	788	2,395	675	2,423	714
Operating Cash Flow Growth	-67.10%	254.82%	-72.14%	239.36%	-65.64%
Capital Expenditures	-1,746	-309	-542	-2,276	-2,300
Sale of Property, Plant & Equipment	60	18	1,288	-	-
Sale (Purchase) of Intangibles	-8	-4	-30	-56	-65
Investment in Securities	-510	16	-40	18	-63
Other Investing Activities	-11	2	-1	4	43
Investing Cash Flow	-2,215	-277	675	-2,310	-2,385
Short-Term Debt Issued	300	-	-	882	-
Long-Term Debt Issued	1,300	1,500	1,000	800	2,357
Total Debt Issued	1,600	1,500	1,000	1,682	2,357
Short-Term Debt Repaid	-	-200	-1,282	-	-233
Long-Term Debt Repaid	-1,414	-1,398	-1,341	-1,335	-1,233
Total Debt Repaid	-1,414	-1,598	-2,623	-1,335	-1,466
Net Debt Issued (Repaid)	186	-98	-1,623	347	891
Repurchase of Common Stock	-147	-	-	-	-
Common Dividends Paid	-114	-68	-68	-68	-159
Other Financing Activities	-34	-28	-11	-14	-25
Financing Cash Flow	-109	-194	-1,702	265	707
Foreign Exchange Rate Adjustments	-	-14	-	8	7
Miscellaneous Cash Flow Adjustments	-1	-1	1	-	2
Net Cash Flow	-1,537	1,909	-351	386	-955
Free Cash Flow	-958	2,086	133	147	-1,586
Free Cash Flow Growth	-	1468.42%	-9.52%	-	-
Free Cash Flow Margin	-2.91%	6.29%	0.43%	0.48%	-5.27%
Free Cash Flow Per Share	-424.28	914.38	58.30	64.43	-695.16
Cash Interest Paid	59	26	34	30	30
Cash Income Tax Paid	379	49	48	42	397
Levered Free Cash Flow	-706.88	2,090	249.75	-190.25	-2,302
Unlevered Free Cash Flow	-669.38	2,107	271	-170.88	-2,284
Change in Working Capital	-971	195	181	835	-732

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