FFRI Security 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 2020	2018 - 2019
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '20 Mar 31, 2020	2018 - 2019
Net Income	1,482	880	540	247	156	331	Upgrade
Depreciation & Amortization	54	43	41	53	52	59	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	-	10	Upgrade
Loss (Gain) on Equity Investments	-78	-43	-34	-38	-51	-1	Upgrade
Other Operating Activities	-197	-141	-73	-7	-82	-104	Upgrade
Change in Accounts Receivable	-81	-302	-356	-64	39	-31	Upgrade
Change in Accounts Payable	81	23	50	31	-52	-3	Upgrade
Change in Other Net Operating Assets	694	181	222	80	-78	-68	Upgrade
Operating Cash Flow	1,963	641	390	302	-16	193	Upgrade
Operating Cash Flow Growth	233.84%	64.36%	29.14%	-	-	82.08%	Upgrade
Capital Expenditures	-55	-24	-19	-11	-19	-7	Upgrade
Cash Acquisitions	-	-	-	-	-128	-	Upgrade
Sale (Purchase) of Intangibles	-27	-22	-1	-15	-13	-57	Upgrade
Investment in Securities	-	-430	-	-	4	-	Upgrade
Other Investing Activities	-3	-1	-	-	-1	-1	Upgrade
Investing Cash Flow	-85	-477	-20	-26	-157	-65	Upgrade
Long-Term Debt Repaid	-	-	-	-	-11	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	-	-11	-	Upgrade
Repurchase of Common Stock	-	-	-	-161	-260	-	Upgrade
Common Dividends Paid	-110	-78	-	-	-	-	Upgrade
Other Financing Activities	-1	-1	-50	-	-4	-	Upgrade
Financing Cash Flow	-111	-79	-50	-161	-275	-	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-1	-1	-2	Upgrade
Net Cash Flow	1,766	84	319	114	-449	126	Upgrade
Free Cash Flow	1,908	617	371	291	-35	186	Upgrade
Free Cash Flow Growth	231.83%	66.31%	27.49%	-	-	84.16%	Upgrade
Free Cash Flow Margin	49.94%	20.30%	15.17%	14.91%	-1.97%	11.61%	Upgrade
Free Cash Flow Per Share	241.22	78.01	46.90	36.67	-4.33	22.71	Upgrade
Cash Income Tax Paid	198	140	74	26	83	101	Upgrade
Levered Free Cash Flow	1,656	466.63	285.63	252.88	-	95.75	Upgrade
Unlevered Free Cash Flow	1,656	466.63	285.63	252.88	-	95.75	Upgrade
Change in Working Capital	702	-98	-84	47	-91	-102	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.