The Kosei Securities 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	-	-463	444	-394	-209	196	Upgrade
Depreciation & Amortization, Total	-	61	58	53	69	71	Upgrade
Gain (Loss) On Sale of Investments	-	-17	75	-	-	-	Upgrade
Change in Other Net Operating Assets	-	-1,202	262	760	-903	290	Upgrade
Other Operating Activities	-	-72	-5	-36	-49	-	Upgrade
Operating Cash Flow	-	-1,693	831	383	-1,092	557	Upgrade
Capital Expenditures	-	-4	-61	-6	-6	-	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-7	-	-	Upgrade
Investment in Securities	-	-689	-465	-240	-117	-747	Upgrade
Other Investing Activities	-	206	104	93	328	126	Upgrade
Investing Cash Flow	-	-487	-419	-160	205	-621	Upgrade
Repurchase of Common Stock	-	-	-	-	-	-2	Upgrade
Common Dividends Paid	-	-160	-47	-47	-123	-66	Upgrade
Other Financing Activities	-	-	-	-1	-	-1	Upgrade
Financing Cash Flow	-	-160	-47	-48	-123	-69	Upgrade
Net Cash Flow	-	-2,341	364	174	-1,010	-132	Upgrade
Free Cash Flow	-	-1,697	770	377	-1,098	557	Upgrade
Free Cash Flow Growth	-	-	104.24%	-	-	-24.11%	Upgrade
Free Cash Flow Margin	-	-307.99%	53.25%	89.34%	-253.58%	52.11%	Upgrade
Free Cash Flow Per Share	-	-179.58	81.48	39.89	-116.18	58.92	Upgrade
Cash Income Tax Paid	-	71	5	39	49	-	Upgrade

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