Upcon Cash Flow Statement

Financials in millions JPY. Fiscal year is February - January.

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	337	94	178	53	-
Depreciation & Amortization	11	8	14	8	-
Loss (Gain) From Sale of Investments	-1	-	-2	2	-
Other Operating Activities	-2	-101	36	-119	-
Change in Accounts Receivable	-118	4	-32	25	-
Change in Inventory	1	28	-	-37	-
Change in Accounts Payable	110	-46	43	-83	-
Change in Other Net Operating Assets	-4	-12	26	-19	-
Operating Cash Flow	334	-25	263	-170	-
Capital Expenditures	-1	-15	-2	-	-
Investment in Securities	-96	-22	50	-150	-
Other Investing Activities	-1	-	-1	-	-
Investing Cash Flow	-98	-37	47	-150	-
Issuance of Common Stock	-	-	117	-	-
Common Dividends Paid	-14	-20	-6	-15	-
Other Financing Activities	-1	-2	-1	-	-
Financing Cash Flow	-15	-22	110	-15	-
Miscellaneous Cash Flow Adjustments	-1	-1	2	-1	-
Net Cash Flow	220	-85	422	-336	-
Free Cash Flow	333	-40	261	-170	-
Free Cash Flow Margin	27.89%	-4.70%	28.46%	-25.26%	-
Free Cash Flow Per Share	237.13	-28.51	199.31	-130.83	-
Cash Income Tax Paid	2	103	-32	119	-
Levered Free Cash Flow	368.5	-105.75	259.63	-189	-
Unlevered Free Cash Flow	368.5	-105.75	259.63	-189	-
Change in Working Capital	-11	-26	37	-114	-

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