Maruhachi Holdings 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	3,679	3,349	4,085	2,476	1,140
Depreciation & Amortization	549	477	394	414	464
Loss (Gain) From Sale of Assets	-106	145	44	597	143
Loss (Gain) From Sale of Investments	-927	-69	-1,209	-	-
Other Operating Activities	-566	-1,302	-1,300	-547	-247
Change in Accounts Receivable	303	589	886	1,001	1,063
Change in Inventory	70	-50	-492	229	800
Change in Accounts Payable	204	-49	-63	-154	97
Change in Other Net Operating Assets	-16	-753	-1,155	-1,439	-187
Operating Cash Flow	3,190	2,337	1,190	2,577	3,273
Operating Cash Flow Growth	36.50%	96.39%	-53.82%	-21.27%	15.90%
Capital Expenditures	-225	-1,112	-948	-580	-254
Sale of Property, Plant & Equipment	241	-414	-	16	6
Sale (Purchase) of Intangibles	-1	-2	-	-	-
Investment in Securities	-6,195	-1,354	591	-8,521	-1,560
Other Investing Activities	-20	134	3	-25	-68
Investing Cash Flow	-6,201	-2,743	-352	-9,104	-1,866
Long-Term Debt Issued	3,750	3,500	6,450	1,000	2,000
Total Debt Issued	3,750	3,500	6,450	1,000	2,000
Long-Term Debt Repaid	-2,950	-2,500	-5,000	-1,000	-1,000
Total Debt Repaid	-2,950	-2,500	-5,000	-1,000	-1,000
Net Debt Issued (Repaid)	800	1,000	1,450	-	1,000
Common Dividends Paid	-464	-464	-464	-464	-464
Other Financing Activities	-1	-1	-1	-1	-2
Financing Cash Flow	335	535	985	-465	534
Foreign Exchange Rate Adjustments	363	81	113	91	36
Miscellaneous Cash Flow Adjustments	1	1	1	1	1
Net Cash Flow	-2,312	211	1,937	-6,900	1,978
Free Cash Flow	2,965	1,225	242	1,997	3,019
Free Cash Flow Growth	142.04%	406.20%	-87.88%	-33.85%	45.42%
Free Cash Flow Margin	24.94%	10.36%	2.00%	16.21%	23.56%
Free Cash Flow Per Share	191.32	79.05	15.62	128.86	194.81
Cash Interest Paid	40	28	17	13	13
Cash Income Tax Paid	592	1,262	1,125	720	319
Levered Free Cash Flow	2,448	142.13	243.88	1,777	2,850
Unlevered Free Cash Flow	2,473	159.63	254.5	1,785	2,858
Change in Working Capital	561	-263	-824	-363	1,773

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