eWeLL 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 - 2019
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 - 2019
Net Income	1,546	1,138	908	676	-	Upgrade
Depreciation & Amortization	106	80	59	32	-	Upgrade
Loss (Gain) From Sale of Assets	-	-	2	-	-	Upgrade
Other Operating Activities	-368	-363	-240	-105	-	Upgrade
Change in Accounts Receivable	-127	-90	-96	-78	-	Upgrade
Change in Accounts Payable	128	38	92	13	-	Upgrade
Change in Other Net Operating Assets	-15	53	-99	5	-	Upgrade
Operating Cash Flow	1,270	856	626	543	-	Upgrade
Operating Cash Flow Growth	48.36%	36.74%	15.29%	-	-	Upgrade
Capital Expenditures	-42	-17	-186	-16	-	Upgrade
Sale (Purchase) of Intangibles	-79	-60	-38	-55	-	Upgrade
Other Investing Activities	-89	-	7	-65	-	Upgrade
Investing Cash Flow	-210	-77	-217	-136	-	Upgrade
Long-Term Debt Repaid	-	-91	-4	-84	-	Upgrade
Net Debt Issued (Repaid)	-	-91	-4	-84	-	Upgrade
Issuance of Common Stock	12	14	37	151	-	Upgrade
Common Dividends Paid	-181	-149	-104	-	-	Upgrade
Other Financing Activities	1	1	-	-16	-	Upgrade
Financing Cash Flow	-168	-225	-71	51	-	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-	-	Upgrade
Net Cash Flow	891	553	337	458	-	Upgrade
Free Cash Flow	1,228	839	440	527	-	Upgrade
Free Cash Flow Growth	46.37%	90.68%	-16.51%	-	-	Upgrade
Free Cash Flow Margin	36.20%	32.63%	21.27%	32.88%	-	Upgrade
Free Cash Flow Per Share	80.38	55.05	57.83	76.39	-	Upgrade
Cash Interest Paid	-	2	3	5	-	Upgrade
Cash Income Tax Paid	369	365	240	106	-	Upgrade
Levered Free Cash Flow	1,020	656.75	337.25	381	-	Upgrade
Unlevered Free Cash Flow	1,020	658	339.13	384.13	-	Upgrade
Change in Working Capital	-14	1	-103	-60	-	Upgrade

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