What does &Do Holdings do with its cash?

Cash conversion (operating CF ÷ operating income)

457.9%

Cash vs. profit gap

¥3.68B（純利益の 253.2%）

Shareholder payments — dividends

of net income 61.8% · of FCF 22.4%

CapEx intensity (capex ÷ revenue)

2.3%

Investing CF relative to operating CF

10.2%

Nonpositive profit and free cash flow are omitted as ratio denominators. Amounts use the period's reported currency.

• Operating cash flow is the cash the core business actually brought in, including changes in receivables and inventory.
• Free cash flow = operating cash flow − capital expenditure: a gauge of cash available for other uses.
• Large "borrowing" or "cash drawdown" flows mean the company spent more than it generated that year.