The Kosei Securities Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	2021 - 2017
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	2021 - 2017
Net Income	254	-463	444	-394	-209	Upgrade
Depreciation & Amortization, Total	59	61	58	53	69	Upgrade
Gain (Loss) On Sale of Investments	-	-17	75	-	-	Upgrade
Change in Other Net Operating Assets	-535	-1,202	262	760	-903	Upgrade
Other Operating Activities	-8	-72	-5	-36	-49	Upgrade
Operating Cash Flow	-230	-1,693	831	383	-1,092	Upgrade
Capital Expenditures	-6	-4	-61	-6	-6	Upgrade
Sale (Purchase) of Intangibles	-1	-	-	-7	-	Upgrade
Investment in Securities	-81	-689	-465	-240	-117	Upgrade
Other Investing Activities	119	206	104	93	328	Upgrade
Investing Cash Flow	31	-487	-419	-160	205	Upgrade
Common Dividends Paid	-47	-160	-47	-47	-123	Upgrade
Other Financing Activities	-	-	-	-1	-	Upgrade
Financing Cash Flow	-47	-160	-47	-48	-123	Upgrade
Net Cash Flow	-245	-2,341	364	174	-1,010	Upgrade
Free Cash Flow	-236	-1,697	770	377	-1,098	Upgrade
Free Cash Flow Growth	-	-	104.24%	-	-	Upgrade
Free Cash Flow Margin	-22.33%	-307.99%	53.25%	89.34%	-253.58%	Upgrade
Free Cash Flow Per Share	-24.97	-179.58	81.48	39.89	-116.18	Upgrade
Cash Income Tax Paid	7	71	5	39	49	Upgrade

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