Nulab 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	-	649	323	86	-	-	Upgrade
Depreciation & Amortization	-	103	100	92	-	-	Upgrade
Other Operating Activities	-	-93	-9	-30	-	-	Upgrade
Change in Accounts Receivable	-	-4	-5	-41	-	-	Upgrade
Change in Accounts Payable	-	-55	25	105	-	-	Upgrade
Change in Other Net Operating Assets	-	149	377	85	-	-	Upgrade
Operating Cash Flow	-	749	811	297	-	-	Upgrade
Operating Cash Flow Growth	-	-7.65%	173.06%	-	-	-	Upgrade
Capital Expenditures	-	-24	-27	-20	-	-	Upgrade
Sale (Purchase) of Intangibles	-	-104	-90	-107	-	-	Upgrade
Other Investing Activities	-	-	7	-3	-	-	Upgrade
Investing Cash Flow	-	-128	-110	-130	-	-	Upgrade
Long-Term Debt Repaid	-	-3	-8	-44	-	-	Upgrade
Net Debt Issued (Repaid)	-	-3	-8	-44	-	-	Upgrade
Issuance of Common Stock	-	2	25	462	-	-	Upgrade
Other Financing Activities	-	-	-1	-1	-	-	Upgrade
Financing Cash Flow	-	-1	16	417	-	-	Upgrade
Foreign Exchange Rate Adjustments	-	29	21	30	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-	-1	1	-	-	-	Upgrade
Net Cash Flow	-	648	739	614	-	-	Upgrade
Free Cash Flow	-	725	784	277	-	-	Upgrade
Free Cash Flow Growth	-	-7.53%	183.03%	-	-	-	Upgrade
Free Cash Flow Margin	-	17.63%	21.41%	10.24%	-	-	Upgrade
Free Cash Flow Per Share	-	111.40	119.92	43.78	-	-	Upgrade
Cash Income Tax Paid	-	94	9	32	-	-	Upgrade
Levered Free Cash Flow	-	531.63	613.5	177.13	-	-	Upgrade
Unlevered Free Cash Flow	-	531.63	613.5	177.13	-	-	Upgrade
Change in Working Capital	-	90	397	149	-	-	Upgrade

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