LEIFRAS Co., Ltd. (LFS) Cash Flow Statement
Where LFS’s cash came from and went, 2025
December 31, 2025 · Japanese yen- Cash from operations
- ¥487.2M +135.2% vs 2024
- Capital expenditures
- ¥44.3M 0.4% of revenue
- Free cash flow
- ¥442.9M 3.6% margin
- Returned to shareholders
- —
- Change in cash
- −¥55.7M cash at year-end ¥2.51B
Drawn to scale: where the cash came from and how it was used. Hover for values.
LFS operating cash flow, capex and free cash flow
LFS cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ¥401.5M2022 | ¥487.2M2025 | +6.7%/yr | |
| Capital expenditures | ¥24.0M2022 | ¥44.3M2025 | +22.8%/yr | |
| Free cash flow | ¥377.5M2022 | ¥442.9M2025 | +5.5%/yr | |
| Free cash flow margin | 4.9%2022 | 3.6%2025 | −1.3 pts | |
| Operating cash flow / net income | 2.262022 | 1.072025 | −1.19 | |
| Stock-based compensation | ¥27.1M2022 | ¥02025 | −100.0% | |
| Share buybacks (net) | ¥02023 | ¥02025 | — | |
| Capex / revenue | 0.3%2022 | 0.4%2025 | +0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LFS cash flow by activity
LFS net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
LFS cash flow statement in Japanese yen
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | ¥456.2M | ¥418.6M | ¥245.3M | ¥178.0M |
| Depreciation & amortization | ¥131.2M | ¥122.0M | ¥92.4M | ¥90.1M |
| Stock-based compensation | ¥0 | ¥0 | ¥6.8M | ¥27.1M |
| Change in working capital | −¥154.0M | −¥299.7M | ¥377.3M | ¥125.8M |
| Other non-cash items | ¥53.9M | −¥33.8M | −¥43.9M | −¥19.6M |
| Cash from operating activities | ¥487.2M | ¥207.1M | ¥677.9M | ¥401.5M |
| Investing activities | ||||
| Capital expenditures | −¥44.3M | −¥34.1M | −¥4.8M | −¥24.0M |
| Investments (net) | — | −¥51.4M | −¥4.8M | ¥66.0M |
| Acquisitions & other investing | −¥11.3M | ¥34.1M | ¥4.8M | ¥24.0M |
| Cash from investing activities | −¥55.7M | −¥51.4M | −¥4.8M | ¥66.0M |
| Financing activities | ||||
| Share repurchases & issuance (net) | ¥0 | −¥12,265 | ¥0 | — |
| Net borrowing (repayment) | −¥961.9M | −¥194.7M | −¥15.3M | ¥283.4M |
| Shares issued | ¥658.7M | ¥0 | ¥0 | ¥121.0M |
| Other financing | −¥151.4M | −¥151.7M | −¥5.7M | ¥0 |
| Cash from financing activities | −¥454.7M | −¥346.4M | −¥21.0M | ¥404.4M |
| Summary | ||||
| Net change in cash | −¥55.7M | −¥190.7M | ¥652.2M | ¥871.9M |
| Cash at end of period | ¥2.51B | ¥2.54B | ¥2.73B | ¥2.08B |
| Free cash flow | ¥442.9M | ¥173.0M | ¥673.2M | ¥377.5M |
| Free cash flow margin | 3.6% | 1.7% | 7.2% | 4.9% |
| Capex / revenue | 0.4% | 0.3% | 0.1% | 0.3% |
| Operating cash flow / net income | 1.07 | 0.49 | 2.76 | 2.26 |
| Sep '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Dec '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −¥47.6M | ¥124.3M | ¥397.1M | ¥173.0M | ¥52.0M | ¥122.5M | ¥394.8M | ¥186.0M | ¥45.0M | ¥192.9M | ¥46.0M |
| Depreciation & amortization | ¥34.4M | ¥29.9M | ¥29.9M | ¥29.6M | ¥64.5M | ¥33.1M | ¥64.9M | ¥29.8M | ¥63.4M | ¥43.5M | ¥50.3M |
| Change in working capital | ¥404.7M | −¥312.1M | −¥355.3M | −¥253.7M | ¥187.0M | −¥427.3M | ¥16.2M | −¥72.4M | −¥338.9M | ¥232.5M | ¥134.3M |
| Other non-cash items | ¥9.0M | ¥17.1M | ¥83.9M | ¥65.1M | −¥797,000 | ¥32.2M | −¥40.1M | −¥36.5M | ¥7.0M | −¥67.9M | ¥22.1M |
| Cash from operating activities | ¥400.5M | −¥140.9M | ¥155.6M | ¥13.9M | ¥302.6M | −¥239.5M | ¥435.8M | ¥107.0M | −¥223.4M | ¥400.9M | ¥252.7M |
| Investing activities | |||||||||||
| Capital expenditures | −¥101,099 | −¥6.0M | −¥175,674 | −¥1.3M | −¥41.0M | −¥4.9M | −¥4.2M | −¥1.5M | −¥11.9M | −¥3.6M | −¥289 |
| Investments (net) | — | −¥16.6M | — | — | — | ¥0 | — | — | — | — | — |
| Acquisitions & other investing | −¥195.3M | ¥0 | −¥5.6M | ¥0 | −¥5.0M | — | −¥4.3M | ¥0 | −¥34.6M | −¥981,379 | — |
| Cash from investing activities | −¥195.4M | −¥22.5M | −¥5.8M | −¥1.3M | −¥46.0M | — | −¥8.5M | −¥1.5M | −¥46.5M | −¥4.6M | — |
| Financing activities | |||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | — | −¥12,881 | — | — | — | — |
| Net borrowing (repayment) | — | ¥116.9M | −¥679.0M | −¥63.0M | −¥96.2M | −¥123.6M | −¥100.6M | −¥119.6M | — | — | — |
| Shares issued | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Other financing | −¥88.9M | ¥0 | ¥548.7M | −¥11.0M | −¥199.8M | −¥58.0M | −¥226.6M | −¥68.8M | −¥37.5M | ¥203.5M | −¥230.8M |
| Cash from financing activities | −¥88.9M | ¥116.9M | −¥130.3M | −¥74.0M | −¥296.0M | −¥181.6M | −¥327.2M | −¥188.4M | −¥37.5M | ¥203.5M | −¥230.8M |
| Summary | |||||||||||
| Net change in cash | ¥77.4M | −¥46.5M | −¥199.9M | −¥61.4M | ¥133.1M | −¥427.3M | ¥207.8M | −¥82.9M | −¥716.8M | ¥2.72B | — |
| Cash at end of period | ¥2.52B | ¥2.48B | ¥2.51B | ¥2.44B | ¥2.50B | ¥2.11B | ¥2.57B | ¥2.35B | ¥2.42B | ¥2.72B | — |
| Free cash flow | ¥400.4M | −¥146.8M | ¥155.7M | ¥12.6M | ¥261.9M | −¥244.4M | ¥431.6M | ¥105.5M | −¥235.4M | ¥397.3M | ¥252.7M |
| Free cash flow margin | 13.2% | −5.0% | 4.9% | 0.4% | 4.9% | −9.1% | 7.4% | 4.0% | −4.7% | 8.2% | 5.6% |
| Capex / revenue | 0.0% | 0.2% | 0.0% | 0.0% | 0.8% | 0.2% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% |
| Operating cash flow / net income | — | −1.13 | 0.39 | 0.08 | 5.82 | −1.95 | 1.10 | 0.57 | −4.96 | 2.08 | 5.49 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported; data from EODHD.
LFS cash generation
In fiscal 2025 (ended December 31, 2025), LEIFRAS Co., Ltd. generated ¥487.2 million of cash from operations (up 135.2%) and spent ¥44.3 million on capital expenditures, leaving free cash flow of ¥442.9 million, 3.6% of revenue. Cash and equivalents fell by ¥55.7 million over the year.
Related: LFS income statement, LFS balance sheet. See the LFS stock overview for the latest quote and news.
LFS cash flow FAQ
What is LEIFRAS Co., Ltd.'s free cash flow?
LEIFRAS Co., Ltd.'s free cash flow was ¥442.9 million in fiscal 2025: ¥487.2 million of operating cash flow minus ¥44.3 million of capital expenditures It was ¥173.0 million a year earlier..
How much cash does LEIFRAS Co., Ltd. generate from operations?
LEIFRAS Co., Ltd. generated ¥487.2 million of cash from operating activities in fiscal 2025, 1.07 times its net income of ¥456.2 million.
How much does LEIFRAS Co., Ltd. spend on capital expenditures?
LEIFRAS Co., Ltd. spent ¥44.3 million on capital expenditures in fiscal 2025, 0.4% of revenue, compared with ¥34.1 million the year before.