ZENKOKU HOSHO 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
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Net Income	-	45,753	41,404	28,584
Depreciation & Amortization	-	926	383	359
Loss (Gain) From Sale of Investments	-	21	524	173
Other Operating Activities	-	-13,374	-11,957	387
Change in Accounts Receivable	-	-1,625	-1,295	-
Change in Unearned Revenue	-	-	-	493
Change in Other Net Operating Assets	-	1,722	2,245	-1,296
Operating Cash Flow	-	33,423	31,304	28,700
Operating Cash Flow Growth	-	6.77%	9.07%	-
Capital Expenditures	-	-86	-395	-360
Sale of Property, Plant & Equipment	-	-	7	9
Cash Acquisitions	-	50	269	-
Sale (Purchase) of Intangibles	-	-804	-1,588	-775
Investment in Securities	-	1,179	-47,537	-30,567
Other Investing Activities	-	-1	1,012	-999
Investing Cash Flow	-	625	-55,996	-36,042
Long-Term Debt Issued	-	29,400	-	-
Long-Term Debt Repaid	-	-30,000	-	-
Net Debt Issued (Repaid)	-	-600	-	-
Repurchase of Common Stock	-	-7,000	-127	-
Common Dividends Paid	-	-11,707	-10,192	-9,159
Other Financing Activities	-	-4	-	-
Financing Cash Flow	-	-19,311	-10,319	-9,159
Net Cash Flow	-	14,737	-35,011	-16,501
Free Cash Flow	-	33,337	30,909	28,340
Free Cash Flow Growth	-	7.85%	9.06%	-
Free Cash Flow Margin	-	58.51%	59.86%	56.37%
Free Cash Flow Per Share	-	245.74	224.92	206.20
Cash Interest Paid	-	858	792	790
Cash Income Tax Paid	-	13,415	12,112	12,450
Levered Free Cash Flow	-	26,297	24,794	-
Unlevered Free Cash Flow	-	26,828	25,292	-
Change in Working Capital	-	97	950	-803

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