Central Forest Group Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,582	3,190	2,836	1,909	1,595
Depreciation & Amortization	755	727	711	625	579
Loss (Gain) From Sale of Assets	-122	-	10	-5	59
Loss (Gain) From Sale of Investments	-	-45	-34	-28	-73
Other Operating Activities	-693	-642	-531	-350	-347
Change in Accounts Receivable	-2,052	-2,653	-1,812	99	-2,394
Change in Inventory	-950	-480	-1,372	-514	-1,061
Change in Accounts Payable	3,292	3,430	3,458	-175	5,513
Change in Other Net Operating Assets	-1,031	-829	-746	-224	-696
Operating Cash Flow	2,781	2,698	2,520	1,337	3,175
Operating Cash Flow Growth	3.08%	7.06%	88.48%	-57.89%	55.33%
Capital Expenditures	-669	-507	-718	-322	-521
Sale of Property, Plant & Equipment	123	-	-	20	199
Cash Acquisitions	-	-	-	-	-359
Investment in Securities	-291	833	711	-18	51
Other Investing Activities	-173	40	-1,070	-103	17
Investing Cash Flow	-1,010	366	-1,077	-423	-613
Long-Term Debt Repaid	-109	-19	-123	-156	-134
Total Debt Repaid	-109	-19	-123	-156	-134
Net Debt Issued (Repaid)	-109	-19	-123	-156	-134
Repurchase of Common Stock	-	-811	-390	-	-
Common Dividends Paid	-490	-427	-303	-281	-263
Other Financing Activities	-134	-119	-116	-113	-118
Financing Cash Flow	-733	-1,376	-932	-550	-515
Miscellaneous Cash Flow Adjustments	-1	-	-2	-1	-2
Net Cash Flow	1,037	1,688	509	363	2,045
Free Cash Flow	2,112	2,191	1,802	1,015	2,654
Free Cash Flow Growth	-3.61%	21.59%	77.54%	-61.76%	53.94%
Free Cash Flow Margin	0.58%	0.63%	0.55%	0.33%	0.89%
Free Cash Flow Per Share	258.24	256.68	209.73	115.59	302.24
Cash Interest Paid	9	7	7	8	9
Cash Income Tax Paid	901	862	726	549	543
Levered Free Cash Flow	1,631	1,691	1,069	695.38	2,747
Unlevered Free Cash Flow	1,637	1,696	1,074	700.38	2,753
Change in Working Capital	-741	-532	-472	-814	1,362

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