Toyota Tsusho Corp (TYHOY) Cash Flow Statement
Where TYHOY’s cash came from and went, FY2026
March 31, 2026 · Japanese yen- Cash from operations
- ¥461.17B −9.9% vs FY2025
- Capital expenditures
- ¥183.46B 1.6% of revenue
- Free cash flow
- ¥277.71B 2.4% margin
- Returned to shareholders
- ¥119.38B 43% of free cash flow
- Change in cash
- ¥399.80B cash at year-end ¥1.40T
Drawn to scale: where the cash came from and how it was used. Hover for values.
TYHOY operating cash flow, capex and free cash flow
TYHOY cash flow trends, FY2022–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ¥50.14BFY2022 | ¥461.17BFY2026 | +74.2%/yr | |
| Capital expenditures | ¥167.29BFY2022 | ¥183.46BFY2026 | +2.3%/yr | |
| Free cash flow | −¥117.15BFY2022 | ¥277.71BFY2026 | — | |
| Free cash flow margin | −1.5%FY2022 | 2.4%FY2026 | +3.9 pts | |
| Operating cash flow / net income | 0.23FY2022 | 1.24FY2026 | +1.02 | |
| Dividends paid | ¥46.47BFY2022 | ¥119.37BFY2026 | +26.6%/yr | |
| Share buybacks (net) | ¥31.0MFY2022 | ¥15.0MFY2026 | −16.6%/yr | |
| Capex / revenue | 2.1%FY2022 | 1.6%FY2026 | −0.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TYHOY cash flow by activity
TYHOY 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).
TYHOY cash flow statement in Japanese yen
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | ¥370.52B | ¥273.35B | ¥223.77B | ¥108.70B | ¥222.24B |
| Depreciation & amortization | ¥177.11B | ¥152.59B | ¥140.17B | ¥128.98B | ¥110.89B |
| Change in working capital | −¥197.96B | −¥26.51B | ¥2.24B | −¥6.66B | −¥272.50B |
| Other non-cash items | ¥111.50B | ¥112.45B | ¥175.94B | ¥213.27B | −¥10.49B |
| Cash from operating activities | ¥461.17B | ¥511.87B | ¥542.12B | ¥444.29B | ¥50.14B |
| Investing activities | |||||
| Capital expenditures | −¥183.46B | −¥199.25B | −¥198.90B | −¥180.84B | −¥167.29B |
| Investments (net) | ¥271.89B | ¥90.64B | −¥219.59B | −¥139.92B | −¥157.33B |
| Financing activities | |||||
| Dividends paid | −¥119.37B | −¥107.39B | −¥81.33B | −¥65.48B | −¥46.47B |
| Share repurchases & issuance (net) | −¥15.0M | −¥22.0M | −¥55.0M | −¥20.0M | −¥31.0M |
| Net borrowing (repayment) | ¥170.86B | −¥111.00B | −¥125.00B | ¥99.69B | ¥134.15B |
| Shares issued | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Summary | |||||
| Net change in cash | ¥399.80B | ¥79.00B | ¥59.28B | ¥97.70B | −¥62.29B |
| Cash at end of period | ¥1.40T | ¥951.88B | ¥878.71B | ¥771.61B | ¥653.01B |
| Free cash flow | ¥277.71B | ¥312.63B | ¥343.23B | ¥263.44B | −¥117.15B |
| Free cash flow margin | 2.4% | 3.0% | 3.4% | 2.7% | −1.5% |
| Capex / revenue | 1.6% | 1.9% | 2.0% | 1.8% | 2.1% |
| Operating cash flow / net income | 1.24 | 1.87 | 2.42 | 4.09 | 0.23 |
| Mar '24 | Dec '23 | |
|---|---|---|
| Operating activities | ||
| Net income | ¥60.59B | ¥93.10B |
| Depreciation & amortization | ¥37.38B | ¥36.07B |
| Change in working capital | −¥4.57B | ¥51.82B |
| Other non-cash items | ¥77.43B | −¥12.96B |
| Cash from operating activities | ¥170.82B | ¥168.03B |
| Investing activities | ||
| Capital expenditures | −¥53.29B | −¥53.16B |
| Investments (net) | ¥18.95B | −¥23.52B |
| Financing activities | ||
| Dividends paid | ¥0 | −¥44.01B |
| Share repurchases & issuance (net) | −¥16.0M | −¥12.0M |
| Net borrowing (repayment) | −¥126.48B | — |
| Shares issued | ¥0 | ¥0 |
| Summary | ||
| Net change in cash | ¥9.20B | ¥75.14B |
| Cash at end of period | ¥878.71B | ¥847.63B |
| Free cash flow | ¥117.53B | ¥114.87B |
| Free cash flow margin | 4.7% | 4.5% |
| Capex / revenue | 2.1% | 2.1% |
| Operating cash flow / net income | 2.82 | 1.80 |
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.
TYHOY cash generation
In fiscal 2026 (ended March 31, 2026), Toyota Tsusho generated ¥461.2 billion of cash from operations (down 9.9%) and spent ¥183.5 billion on capital expenditures, leaving free cash flow of ¥277.7 billion, 2.4% of revenue. It returned ¥119.4 billion to shareholders through dividends (¥119.4 billion) and net share buybacks (¥15.0 million). Cash and equivalents rose by ¥399.8 billion over the year.
Related: TYHOY income statement, TYHOY balance sheet, TYHOY dividend history. See the TYHOY stock overview for the latest quote and news.
TYHOY cash flow FAQ
What is Toyota Tsusho's free cash flow?
Toyota Tsusho's free cash flow was ¥277.7 billion in fiscal 2026: ¥461.2 billion of operating cash flow minus ¥183.5 billion of capital expenditures It was ¥312.6 billion a year earlier..
How much cash does Toyota Tsusho generate from operations?
Toyota Tsusho generated ¥461.2 billion of cash from operating activities in fiscal 2026, 1.24 times its net income of ¥370.5 billion.
How much does Toyota Tsusho spend on capital expenditures?
Toyota Tsusho spent ¥183.5 billion on capital expenditures in fiscal 2026, 1.6% of revenue, compared with ¥199.2 billion the year before.
How much stock does Toyota Tsusho buy back?
Toyota Tsusho spent ¥15.0 million on net share repurchases in fiscal 2026.
How much does Toyota Tsusho pay in dividends?
Toyota Tsusho paid ¥119.4 billion in dividends in fiscal 2026, 43.0% of free cash flow.