Zensho Holdings Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	131,499	79,695	82,171	64,690	42,414	37,643
Short-Term Investments	16,084	12,040	19,907	-	-	-
Cash & Short-Term Investments	147,583	91,735	102,078	64,690	42,414	37,643
Cash Growth	53.35%	-10.13%	57.80%	52.52%	12.67%	30.13%
Receivables	56,145	52,914	46,362	28,581	24,292	22,289
Inventory	90,658	72,052	48,902	42,828	38,866	25,464
Other Current Assets	34,814	35,305	27,115	21,894	26,867	23,630
Total Current Assets	329,200	252,006	224,457	157,993	132,439	109,026
Property, Plant & Equipment	319,234	274,360	232,013	181,811	168,663	162,997
Long-Term Investments	1,410	60,109	60,531	55,813	55,113	57,567
Goodwill	10,408	11,234	13,616	11,652	13,106	15,186
Other Intangible Assets	216,115	204,507	206,663	53,794	49,779	43,056
Long-Term Deferred Tax Assets	-	10,311	9,922	8,360	7,932	8,054
Long-Term Deferred Charges	669	580	852	67	62	55
Other Long-Term Assets	66,584	2	2	2	2	2
Total Assets	943,620	813,109	748,056	469,563	427,172	396,023
Accounts Payable	58,261	56,386	43,148	29,319	26,986	24,678
Accrued Expenses	-	5,006	4,082	3,014	2,951	2,224
Short-Term Debt	8,890	6,857	7,542	7,600	459	1,149
Current Portion of Long-Term Debt	20,225	29,925	36,735	16,163	29,380	56,335
Current Portion of Leases	-	17,160	13,619	9,542	9,264	8,439
Current Income Taxes Payable	5,632	15,447	14,966	3,970	8,785	1,111
Other Current Liabilities	101,300	60,333	60,612	41,184	31,924	35,609
Total Current Liabilities	195,219	191,114	180,704	110,792	109,749	129,545
Long-Term Debt	292,493	262,923	239,369	193,433	166,659	137,641
Long-Term Leases	-	48,836	42,723	26,137	24,294	24,804
Pension & Post-Retirement Benefits	370	284	274	681	707	707
Long-Term Deferred Tax Liabilities	-	56,533	57,102	13,609	12,505	10,919
Other Long-Term Liabilities	130,127	13,049	13,233	9,075	8,774	6,977
Total Liabilities	618,209	572,739	533,405	353,727	322,688	310,593
Common Stock	47,497	47,497	47,497	26,996	26,996	26,996
Additional Paid-In Capital	122,613	74,112	74,112	23,809	24,823	24,818
Retained Earnings	136,763	113,097	85,461	60,576	51,080	41,230
Treasury Stock	-15,626	-13,723	-13,715	-6,915	-5,839	-5,827
Comprehensive Income & Other	33,661	19,078	21,029	11,167	6,259	-1,894
Total Common Equity	324,908	240,061	214,384	115,633	103,319	85,323
Minority Interest	503	309	267	203	1,165	107
Shareholders' Equity	325,411	240,370	214,651	115,836	104,484	85,430
Total Liabilities & Equity	943,620	813,109	748,056	469,563	427,172	396,023
Total Debt	321,608	365,701	339,988	252,875	230,056	228,368
Net Cash (Debt)	-174,025	-273,966	-237,910	-188,185	-187,642	-190,725
Net Cash Per Share	-1112.24	-1748.74	-1555.81	-1238.49	-1233.48	-1250.53
Filing Date Shares Outstanding	156.46	156.66	156.66	151.82	152.12	152.13
Total Common Shares Outstanding	156.46	156.66	156.66	151.82	152.12	152.13
Working Capital	133,981	60,892	43,753	47,201	22,690	-20,519
Book Value Per Share	2076.58	1532.33	1368.42	761.63	679.18	560.87
Tangible Book Value	98,385	24,320	-5,895	50,187	40,434	27,081
Tangible Book Value Per Share	628.81	155.24	-37.63	330.56	265.80	178.02

Source: S&P Global Market Intelligence. Standard template. Financial Sources.