TYO:3940 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	2020 - 2016
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	2020 - 2016
Net Income	594	514	493	370	494	Upgrade
Depreciation & Amortization	10	10	6	10	4	Upgrade
Loss (Gain) From Sale of Assets	-1	-	-	-	-1	Upgrade
Loss (Gain) From Sale of Investments	-	-	-26	-	-	Upgrade
Other Operating Activities	-176	-124	-103	-160	-121	Upgrade
Change in Accounts Receivable	-67	-25	-100	195	-235	Upgrade
Change in Inventory	-	-1	-	4	16	Upgrade
Change in Accounts Payable	-21	15	58	4	-5	Upgrade
Change in Other Net Operating Assets	32	31	21	22	7	Upgrade
Operating Cash Flow	371	420	349	445	159	Upgrade
Operating Cash Flow Growth	-11.67%	20.34%	-21.57%	179.87%	-22.82%	Upgrade
Capital Expenditures	-11	-7	-1	-36	-10	Upgrade
Sale of Property, Plant & Equipment	3	-	-	-	2	Upgrade
Investment in Securities	-235	-	458	-	-	Upgrade
Other Investing Activities	-7	-1	-1	-41	-	Upgrade
Investing Cash Flow	-250	-8	456	-77	-8	Upgrade
Issuance of Common Stock	-	7	-	2	5	Upgrade
Repurchase of Common Stock	-125	-80	-59	-	-29	Upgrade
Common Dividends Paid	-150	-150	-150	-149	-126	Upgrade
Other Financing Activities	-	1	-	-	-	Upgrade
Financing Cash Flow	-275	-222	-209	-147	-150	Upgrade
Miscellaneous Cash Flow Adjustments	-	-2	1	-1	-1	Upgrade
Net Cash Flow	-154	188	597	220	-	Upgrade
Free Cash Flow	360	413	348	409	149	Upgrade
Free Cash Flow Growth	-12.83%	18.68%	-14.91%	174.50%	-27.67%	Upgrade
Free Cash Flow Margin	10.84%	12.61%	11.82%	15.18%	5.34%	Upgrade
Free Cash Flow Per Share	7.87	8.95	7.55	8.82	6.41	Upgrade
Cash Income Tax Paid	174	126	104	162	122	Upgrade
Levered Free Cash Flow	274.25	339.88	274	367	90.88	Upgrade
Unlevered Free Cash Flow	274.25	339.88	274	367	90.88	Upgrade
Change in Working Capital	-56	20	-21	225	-217	Upgrade

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