| JPY billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 183.9 | 265.4 | 280.6 | 465.4 | 366.2 | 189.5 | −48.2% | |
| Depreciation & amortization | 317.6 | 339.1 | 382.3 | 400.0 | 405.7 | 404.3 | −0.3% | |
| Stock-based compensation | 0.0 | 0.4 | 0.2 | 0.3 | 0.0 | 0.0 | — | |
| Change in working capital | (78.2) | (182.1) | (71.0) | 297.1 | 6.0 | 11.0 | +84.2% | |
| Operating cash flow | 504.0 | 252.6 | 520.7 | 866.9 | 796.1 | 624.3 | −21.6% | |
| Capital expenditure | (296.4) | (297.8) | (369.9) | (647.2) | (772.3) | (623.0) | +19.3% | |
| Acquisitions | 445.3 | (581.9) | (4.9) | (17.5) | 11.6 | 16.4 | +40.9% | |
| Investing cash flow | 176.6 | (796.1) | (344.0) | (578.8) | (859.9) | (607.4) | +29.4% | |
| Dividends paid | (58.3) | (58.3) | (70.0) | (75.9) | (87.5) | (112.1) | −28.0% | |
| Share buybacks | (0.0) | (0.0) | (0.1) | (0.1) | (0.0) | (0.0) | −9.5% | |
| Debt issued / repaid | (27.2) | 219.1 | (424.1) | 113.7 | (81.2) | (7.6) | +90.6% | |
| Financing cash flow | (177.7) | 58.9 | (607.0) | (83.5) | (190.3) | (166.8) | +12.3% | |
| Free cash flow | 207.6 | (45.1) | 150.9 | 219.7 | 23.8 | 1.3 | −94.4% | |
| Net change in cash | 576.7 | (387.4) | (386.4) | 300.1 | (272.1) | (77.4) | +71.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
