| JPY billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (32.7) | 30.6 | 55.6 | 44.2 | 45.7 | 55.7 | +21.8% | |
| Depreciation & amortization | 104.6 | 90.5 | 97.5 | 109.0 | 113.8 | 117.4 | +3.2% | |
| Stock-based compensation | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 44.7 | (27.3) | (67.2) | (17.9) | 19.0 | (16.4) | −186.1% | |
| Operating cash flow | 127.0 | 82.5 | 66.7 | 125.6 | 136.9 | 158.1 | +15.5% | |
| Capital expenditure | (66.9) | (71.0) | (80.6) | (88.4) | (49.0) | (48.9) | +0.2% | |
| Acquisitions | (0.6) | (9.4) | (58.5) | (14.2) | 2.4 | 12.7 | +434.8% | |
| Investing cash flow | (63.6) | (59.4) | (133.9) | (97.8) | (79.4) | (72.5) | +8.6% | |
| Dividends paid | (14.9) | (14.1) | (18.6) | (21.3) | (22.0) | (22.2) | −0.9% | |
| Share buybacks | (7.3) | (92.7) | (30.0) | (7.6) | (52.8) | (0.0) | +100.0% | |
| Debt issued / repaid | 53.8 | 6.5 | 116.4 | (21.4) | 100.9 | (24.6) | −124.4% | |
| Financing cash flow | (4.1) | (131.7) | 35.5 | (82.9) | (45.6) | (83.1) | −82.3% | |
| Free cash flow | 60.0 | 11.4 | (13.9) | 37.2 | 87.9 | 109.2 | +24.3% | |
| Net change in cash | 66.7 | (96.3) | (23.1) | (41.2) | 13.6 | 14.2 | +4.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
