MEGMILK SNOW BRAND 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	9,884	21,374	29,001	20,351	19,991	21,840
Short-Term Investments	40	-	-	-	-	-
Cash & Short-Term Investments	9,924	21,374	29,001	20,351	19,991	21,840
Cash Growth	-53.57%	-26.30%	42.50%	1.80%	-8.47%	40.58%
Accounts Receivable	93,970	81,085	87,642	79,869	71,939	71,333
Other Receivables	-	3,453	3,851	4,139	3,836	6,957
Receivables	93,970	84,538	91,493	84,008	75,775	78,290
Inventory	68,186	64,691	59,078	57,812	62,149	59,926
Other Current Assets	5,558	3,103	2,195	1,992	2,224	1,660
Total Current Assets	177,638	173,706	181,767	164,163	160,139	161,716
Property, Plant & Equipment	183,057	175,831	177,541	180,101	178,892	177,277
Long-Term Investments	45,847	71,883	64,541	59,564	56,630	53,051
Goodwill	237	328	441	516	582	645
Other Intangible Assets	7,243	6,479	4,058	2,672	2,709	2,867
Long-Term Deferred Tax Assets	3,076	2,843	2,873	3,112	2,936	3,092
Other Long-Term Assets	15,520	3	1	2	2	2
Total Assets	432,618	431,073	431,222	410,130	401,890	398,650
Accounts Payable	62,928	64,843	67,258	64,298	58,724	59,786
Accrued Expenses	3,206	9,520	10,341	7,922	7,823	13,312
Short-Term Debt	17,425	7,385	7,081	10,200	17,011	16,409
Current Portion of Long-Term Debt	-	9,559	3,124	7,629	958	15,623
Current Portion of Leases	-	665	800	820	830	793
Current Income Taxes Payable	7,211	9,800	15,916	9,545	9,796	15,855
Other Current Liabilities	43,520	17,491	17,954	16,490	17,992	6,780
Total Current Liabilities	134,290	119,263	122,474	116,904	113,134	128,558
Long-Term Debt	34,141	34,680	44,054	47,178	49,378	42,046
Long-Term Leases	-	3,568	3,812	4,055	4,051	4,502
Pension & Post-Retirement Benefits	7,074	7,144	8,486	8,708	8,840	9,590
Long-Term Deferred Tax Liabilities	8,404	12,252	11,004	11,132	10,422	8,964
Other Long-Term Liabilities	10,969	6,130	6,093	6,254	6,538	6,736
Total Liabilities	194,878	183,037	195,923	194,231	192,363	200,396
Common Stock	20,000	20,000	20,000	20,000	20,000	20,000
Additional Paid-In Capital	17,014	17,029	17,027	17,027	17,027	17,607
Retained Earnings	191,144	175,746	167,278	151,908	147,231	137,941
Treasury Stock	-23,506	-5,553	-5,322	-5,327	-5,347	-5,355
Comprehensive Income & Other	30,007	37,458	33,102	29,271	27,866	25,019
Total Common Equity	234,659	244,680	232,085	212,879	206,777	195,212
Minority Interest	3,081	3,356	3,214	3,020	2,750	3,042
Shareholders' Equity	237,740	248,036	235,299	215,899	209,527	198,254
Total Liabilities & Equity	432,618	431,073	431,222	410,130	401,890	398,650
Total Debt	51,566	55,857	58,871	69,882	72,228	79,373
Net Cash (Debt)	-41,642	-34,483	-29,870	-49,531	-52,237	-57,533
Net Cash Per Share	-647.47	-510.71	-442.22	-733.35	-773.49	-851.14
Filing Date Shares Outstanding	61.16	63.4	67.55	67.54	67.53	67.53
Total Common Shares Outstanding	61.16	67.46	67.55	67.54	67.53	67.53
Working Capital	43,348	54,443	59,293	47,259	47,005	33,158
Book Value Per Share	3837.04	3626.91	3436.00	3151.73	3061.99	2890.62
Tangible Book Value	227,179	237,873	227,586	209,691	203,486	191,700
Tangible Book Value Per Share	3714.73	3526.01	3369.39	3104.54	3013.26	2838.62

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