HIROTA GROUP HOLDINGS 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	-323	-398	-541	26	-125	-200	Upgrade
Depreciation & Amortization	8	9	26	8	11	4	Upgrade
Loss (Gain) From Sale of Assets	7	7	156	-10	75	24	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	-	-4	19	Upgrade
Other Operating Activities	4	-1	3	-7	-2	-2	Upgrade
Change in Accounts Receivable	-148	65	-69	-23	-24	8	Upgrade
Change in Inventory	-137	35	-28	-22	-20	3	Upgrade
Change in Accounts Payable	-51	-159	144	-13	23	-77	Upgrade
Change in Other Net Operating Assets	339	23	-	16	-77	9	Upgrade
Operating Cash Flow	-301	-419	-309	-25	-143	-212	Upgrade
Capital Expenditures	-9	-13	-128	-158	-15	-18	Upgrade
Sale of Property, Plant & Equipment	24	-	-	89	-	-4	Upgrade
Cash Acquisitions	-	-	-	-	-	42	Upgrade
Sale (Purchase) of Intangibles	-2	-2	-	-4	-2	-4	Upgrade
Investment in Securities	-	-	-	-	5	-	Upgrade
Other Investing Activities	37	-7	-57	-17	-18	25	Upgrade
Investing Cash Flow	50	-22	-185	-47	12	82	Upgrade
Short-Term Debt Issued	-	50	70	-	-	-	Upgrade
Long-Term Debt Issued	-	676	80	-	-	351	Upgrade
Total Debt Issued	-	726	150	-	-	351	Upgrade
Short-Term Debt Repaid	-	-8	-70	-	-	-	Upgrade
Long-Term Debt Repaid	-	-726	-116	-80	-99	-77	Upgrade
Total Debt Repaid	-396	-734	-186	-80	-99	-77	Upgrade
Net Debt Issued (Repaid)	-396	-8	-36	-80	-99	274	Upgrade
Issuance of Common Stock	742	742	273	-	594	-	Upgrade
Other Financing Activities	-19	-23	-23	-21	-19	-14	Upgrade
Financing Cash Flow	327	711	214	-101	476	260	Upgrade
Miscellaneous Cash Flow Adjustments	-	-1	-	-1	-1	-1	Upgrade
Net Cash Flow	76	269	-280	-174	344	129	Upgrade
Free Cash Flow	-310	-432	-437	-183	-158	-230	Upgrade
Free Cash Flow Margin	-15.29%	-18.46%	-18.49%	-8.07%	-7.22%	-11.70%	Upgrade
Free Cash Flow Per Share	-13.65	-23.54	-29.93	-12.81	-16.54	-27.76	Upgrade
Cash Interest Paid	12	14	7	7	8	9	Upgrade
Cash Income Tax Paid	11	2	-1	8	3	3	Upgrade
Levered Free Cash Flow	-204.63	-251.38	-295.13	-151.88	-107.75	-144.88	Upgrade
Unlevered Free Cash Flow	-199	-245.13	-290.13	-147.5	-102.75	-139.88	Upgrade
Change in Working Capital	3	-36	47	-42	-98	-57	Upgrade

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