JB Eleven Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	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	2016 - 2020
Net Income	28	81	104	-278	609	-388	Upgrade
Depreciation & Amortization	319	290	277	250	232	236	Upgrade
Loss (Gain) From Sale of Assets	106	111	35	107	158	324	Upgrade
Other Operating Activities	1	-50	93	-359	-9	-1	Upgrade
Change in Accounts Receivable	-32	-40	-27	-3	-37	-49	Upgrade
Change in Inventory	-	-9	32	-	-16	8	Upgrade
Change in Accounts Payable	-205	-193	82	98	100	-1	Upgrade
Change in Other Net Operating Assets	123	-90	116	307	-44	-170	Upgrade
Operating Cash Flow	340	100	712	122	993	-41	Upgrade
Operating Cash Flow Growth	19.30%	-85.95%	483.61%	-87.71%	-	-	Upgrade
Capital Expenditures	-511	-393	-443	-379	-383	-133	Upgrade
Sale of Property, Plant & Equipment	3	3	-	-	-	-	Upgrade
Cash Acquisitions	-352	-	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-7	-5	-	-9	-5	-3	Upgrade
Other Investing Activities	8	-14	-18	-30	-13	-31	Upgrade
Investing Cash Flow	-859	-409	-461	-418	-401	-166	Upgrade
Long-Term Debt Issued	-	100	450	400	620	1,990	Upgrade
Total Debt Issued	400	100	450	400	620	1,990	Upgrade
Long-Term Debt Repaid	-	-645	-755	-779	-1,000	-1,021	Upgrade
Total Debt Repaid	-558	-645	-755	-779	-1,000	-1,021	Upgrade
Net Debt Issued (Repaid)	-158	-545	-305	-379	-380	969	Upgrade
Issuance of Common Stock	236	724	154	125	169	33	Upgrade
Common Dividends Paid	-22	-20	-	-	-	-	Upgrade
Other Financing Activities	-3	-7	-15	-5	-16	-18	Upgrade
Financing Cash Flow	3	152	-166	-259	-227	984	Upgrade
Miscellaneous Cash Flow Adjustments	2	1	-1	-	-1	-1	Upgrade
Net Cash Flow	-514	-156	84	-555	364	776	Upgrade
Free Cash Flow	-171	-293	269	-257	610	-174	Upgrade
Free Cash Flow Margin	-2.03%	-3.68%	3.52%	-3.61%	10.00%	-2.91%	Upgrade
Free Cash Flow Per Share	-18.27	-33.18	33.44	-32.69	79.92	-23.41	Upgrade
Cash Interest Paid	29	23	16	18	21	18	Upgrade
Cash Income Tax Paid	2	51	-90	358	8	3	Upgrade
Levered Free Cash Flow	-278	-366.38	118.5	-153.88	-78.63	-215.5	Upgrade
Unlevered Free Cash Flow	-259.88	-352	128.5	-142.63	-65.5	-203	Upgrade
Change in Working Capital	-114	-332	203	402	3	-212	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.