Golf Do 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	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	62	-39	87	233	206
Depreciation & Amortization	123	123	151	82	62
Loss (Gain) From Sale of Assets	28	1	1	18	22
Other Operating Activities	52	-92	26	-116	-8
Change in Accounts Receivable	-41	-33	176	-28	-12
Change in Inventory	-136	16	-161	-322	84
Change in Accounts Payable	-31	34	-96	81	154
Change in Other Net Operating Assets	-2	29	26	1	72
Operating Cash Flow	55	39	210	-51	580
Operating Cash Flow Growth	41.03%	-81.43%	-	-	4733.33%
Capital Expenditures	-50	-36	-95	-13	-16
Sale (Purchase) of Intangibles	-171	-88	-70	-125	-23
Other Investing Activities	11	2	18	5	-147
Investing Cash Flow	-209	-121	-120	-123	-177
Short-Term Debt Issued	230	70	-	-	3
Long-Term Debt Issued	640	460	300	200	340
Total Debt Issued	870	530	300	200	343
Short-Term Debt Repaid	-	-	-200	-	-
Long-Term Debt Repaid	-483	-422	-249	-200	-215
Total Debt Repaid	-483	-422	-449	-200	-215
Net Debt Issued (Repaid)	387	108	-149	-	128
Common Dividends Paid	-12	-24	-12	-	-
Other Financing Activities	-1	-1	-1	-	1
Financing Cash Flow	374	83	-162	-	129
Foreign Exchange Rate Adjustments	-	13	2	4	2
Miscellaneous Cash Flow Adjustments	-	1	1	-	-
Net Cash Flow	220	15	-69	-170	534
Free Cash Flow	5	3	115	-64	564
Free Cash Flow Growth	66.67%	-97.39%	-	-	-
Free Cash Flow Margin	0.08%	0.05%	1.90%	-1.12%	10.71%
Free Cash Flow Per Share	0.97	0.60	22.35	-12.51	112.52
Cash Interest Paid	16	10	12	12	16
Cash Income Tax Paid	-5	93	-21	117	11
Levered Free Cash Flow	-238.25	-56	53.63	-325	435
Unlevered Free Cash Flow	-228.88	-49.75	61.13	-316.88	445
Change in Working Capital	-210	46	-55	-268	298

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.