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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,190	2,836	1,909	1,595	987
Depreciation & Amortization	727	711	625	579	462
Loss (Gain) From Sale of Assets	-	10	-5	59	228
Loss (Gain) From Sale of Investments	-45	-34	-28	-73	-71
Other Operating Activities	-642	-531	-350	-347	174
Change in Accounts Receivable	-2,653	-1,812	99	-2,394	755
Change in Inventory	-480	-1,372	-514	-1,061	-91
Change in Accounts Payable	3,430	3,458	-175	5,513	161
Change in Other Net Operating Assets	-829	-746	-224	-696	-561
Operating Cash Flow	2,698	2,520	1,337	3,175	2,044
Operating Cash Flow Growth	7.06%	88.48%	-57.89%	55.33%	51000.00%
Capital Expenditures	-507	-718	-322	-521	-320
Sale of Property, Plant & Equipment	-	-	20	199	60
Cash Acquisitions	-	-	-	-359	-
Investment in Securities	833	711	-18	51	-294
Other Investing Activities	40	-1,070	-103	17	60
Investing Cash Flow	366	-1,077	-423	-613	-494
Long-Term Debt Repaid	-19	-123	-156	-134	-
Total Debt Repaid	-19	-123	-156	-134	-
Net Debt Issued (Repaid)	-19	-123	-156	-134	-
Repurchase of Common Stock	-811	-390	-	-	-
Common Dividends Paid	-427	-303	-281	-263	-351
Other Financing Activities	-119	-116	-113	-118	-105
Financing Cash Flow	-1,376	-932	-550	-515	-456
Miscellaneous Cash Flow Adjustments	-	-2	-1	-2	-
Net Cash Flow	1,688	509	363	2,045	1,094
Free Cash Flow	2,191	1,802	1,015	2,654	1,724
Free Cash Flow Growth	21.59%	77.54%	-61.76%	53.94%	-
Free Cash Flow Margin	0.63%	0.55%	0.33%	0.89%	0.60%
Free Cash Flow Per Share	256.68	209.73	115.59	302.24	196.33
Cash Interest Paid	7	7	8	9	6
Cash Income Tax Paid	862	726	549	543	41
Levered Free Cash Flow	1,691	1,069	695.38	2,747	1,547
Unlevered Free Cash Flow	1,696	1,074	700.38	2,753	1,551
Change in Working Capital	-532	-472	-814	1,362	264

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