Plus Alpha Consulting Cash Flow Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '21 Sep 30, 2021	Sep '20 Sep 30, 2020
Net Income	-	5,166	4,440	3,642	1,429	1,026
Depreciation & Amortization	-	469	306	311	24.65	17.7
Other Amortization	-	-	-	-	0.02	1.91
Loss (Gain) From Sale of Assets	-	1,153	-	-	1.8	-
Loss (Gain) From Sale of Investments	-	-	99	-	-	-5.87
Other Operating Activities	-	-1,807	-1,177	-1,004	221.94	-20.36
Change in Accounts Receivable	-	-194	-275	-177	-199.96	-171.04
Change in Inventory	-	-1	-17	3	0.73	-3.09
Change in Accounts Payable	-	301	-15	264	89.67	2.23
Change in Unearned Revenue	-	-	-	-	9.02	5.67
Change in Other Net Operating Assets	-	67	-43	268	-28.53	164.44
Operating Cash Flow	-	5,154	3,318	3,307	1,548	1,018
Operating Cash Flow Growth	-	55.34%	0.33%	113.61%	52.09%	-
Capital Expenditures	-	-56	-146	-28	-48.95	-25.22
Cash Acquisitions	-	-	-1,056	-612	-	-
Sale (Purchase) of Intangibles	-	-4	-3	-1	-	-
Investment in Securities	-	-100	103	-	-	203
Other Investing Activities	-	-4	177	-3	-10.22	-34.78
Investing Cash Flow	-	-164	-950	-644	-59.17	143
Long-Term Debt Repaid	-	-	-	-178	-	-
Net Debt Issued (Repaid)	-	-	-	-178	-	-
Issuance of Common Stock	-	3,122	94	703	90.11	6.86
Repurchase of Common Stock	-	-3,061	-	-	-	-
Common Dividends Paid	-	-676	-551	-360	-205	-130
Other Financing Activities	-	-	1	-29	-10.5	0
Financing Cash Flow	-	-615	-456	136	-125.39	-123.14
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-0	-
Net Cash Flow	-	4,374	1,911	2,799	1,364	1,038
Free Cash Flow	-	5,098	3,172	3,279	1,499	992.74
Free Cash Flow Growth	-	60.72%	-3.26%	118.71%	51.02%	-
Free Cash Flow Margin	-	29.84%	22.80%	29.35%	24.50%	21.00%
Free Cash Flow Per Share	-	122.32	74.09	78.37	35.14	24.82
Cash Income Tax Paid	-	1,810	1,176	1,006	467.94	439.21
Levered Free Cash Flow	-	4,773	3,035	-	1,386	-
Unlevered Free Cash Flow	-	4,773	3,035	-	1,386	-
Change in Working Capital	-	173	-350	358	-129.07	-1.8

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