PORTERS 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 2018	FY 2017	2016 - 2013
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	2016 - 2013
Net Income	245	386	378	-	-	Upgrade
Depreciation & Amortization	31	26	8	-	-	Upgrade
Loss (Gain) From Sale of Assets	66	-	-	-	-	Upgrade
Loss (Gain) From Sale of Investments	30	1	-	-	-	Upgrade
Other Operating Activities	-193	-120	-120	-	-	Upgrade
Change in Accounts Receivable	-47	-179	-35	-	-	Upgrade
Change in Inventory	-10	-	-1	-	-	Upgrade
Change in Accounts Payable	-10	-15	17	-	-	Upgrade
Change in Other Net Operating Assets	34	-187	51	-	-	Upgrade
Operating Cash Flow	146	-88	298	-	-	Upgrade
Capital Expenditures	-2	-5	-	-	-	Upgrade
Cash Acquisitions	-8	-30	-80	-	-	Upgrade
Divestitures	-	8	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-206	-194	-	-	-	Upgrade
Other Investing Activities	-5	-12	-3	-	-	Upgrade
Investing Cash Flow	-231	-244	-83	-	-	Upgrade
Long-Term Debt Repaid	-	-	-41	-	-	Upgrade
Net Debt Issued (Repaid)	-	-	-41	-	-	Upgrade
Issuance of Common Stock	5	1	-	-	-	Upgrade
Other Financing Activities	165	-	-	-	-	Upgrade
Financing Cash Flow	170	1	-41	-	-	Upgrade
Foreign Exchange Rate Adjustments	2	4	1	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	19	36	-	-	-	Upgrade
Net Cash Flow	106	-291	175	-	-	Upgrade
Free Cash Flow	144	-93	298	-	-	Upgrade
Free Cash Flow Margin	6.74%	-4.84%	18.78%	-	-	Upgrade
Free Cash Flow Per Share	85.25	-55.28	177.95	-	-	Upgrade
Cash Income Tax Paid	193	119	119	-	-	Upgrade
Levered Free Cash Flow	-48.63	-230	-	-	-	Upgrade
Unlevered Free Cash Flow	-48.63	-230	-	-	-	Upgrade
Change in Working Capital	-33	-381	32	-	-	Upgrade

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