Techno Mathematical 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	2020 - 2016
Period Ending	Dec '25 Dec 31, 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	2020 - 2016
Net Income	-	-282	-141	-43	-68	-242	Upgrade
Depreciation & Amortization	-	8	7	5	3	4	Upgrade
Loss (Gain) From Sale of Investments	-	-11	-8	-3	-	-2	Upgrade
Other Operating Activities	-	-3	-1	-1	-6	-1	Upgrade
Change in Accounts Receivable	-	117	-134	120	-162	107	Upgrade
Change in Inventory	-	-9	-	-3	-1	-8	Upgrade
Change in Accounts Payable	-	-13	1	1	14	-7	Upgrade
Change in Other Net Operating Assets	-	-9	4	-6	-10	6	Upgrade
Operating Cash Flow	-	-202	-272	70	-230	-143	Upgrade
Capital Expenditures	-	-2	-4	-3	-1	-	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-	-10	-	Upgrade
Investment in Securities	-	6	3	3	-40	2	Upgrade
Other Investing Activities	-	-4	-	-3	-3	-1	Upgrade
Investing Cash Flow	-	-	-1	-3	-54	1	Upgrade
Foreign Exchange Rate Adjustments	-	-6	8	9	5	-	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	1	-	-	Upgrade
Net Cash Flow	-	-208	-265	77	-279	-142	Upgrade
Free Cash Flow	-	-204	-276	67	-231	-143	Upgrade
Free Cash Flow Margin	-	-49.04%	-52.37%	11.19%	-40.60%	-34.38%	Upgrade
Free Cash Flow Per Share	-	-78.67	-106.44	25.84	-89.09	-55.15	Upgrade
Cash Income Tax Paid	-	2	2	-	4	-	Upgrade
Levered Free Cash Flow	-	-94.38	-214.13	97.88	-212.25	-50.25	Upgrade
Unlevered Free Cash Flow	-	-94.38	-214.13	97.88	-212.25	-50.25	Upgrade
Change in Working Capital	-	86	-129	112	-159	98	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.