What does Ushio do with its cash?

Cash conversion (operating CF ÷ operating income)

151.7%

Cash vs. profit gap

¥10.1B（純利益の 126.9%）

Shareholder returns

of net income 323.1% · of FCF 297.0%

Shareholder payments — dividends

of net income 77.8% · of FCF 71.5%

CapEx intensity (capex ÷ revenue)

5.3%

Investing CF relative to operating CF

77.8%

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.