Honma Golf 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	Sep '25 Sep 30, 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	18,243	17,350	16,617	14,085	14,455	10,772
Cash & Short-Term Investments	18,243	17,350	16,617	14,085	14,455	10,772
Cash Growth	1.04%	4.41%	17.98%	-2.56%	34.19%	2.86%
Accounts Receivable	1,862	3,816	4,147	3,606	5,330	5,580
Other Receivables	118.5	131.47	109.23	36.99	65.43	10.98
Receivables	1,981	3,947	4,257	3,643	5,396	5,591
Inventory	7,071	6,883	10,179	12,297	11,495	9,823
Prepaid Expenses	1,912	163.69	151.5	152.5	164.46	93.98
Other Current Assets	5.96	1,445	2,446	1,982	1,785	1,351
Total Current Assets	29,213	29,789	33,651	32,159	33,295	27,631
Property, Plant & Equipment	6,325	6,472	6,361	5,504	5,548	6,663
Long-Term Investments	-	26.51	10.91	16.54	13.75	13.81
Other Intangible Assets	86.72	98.83	89.91	128.38	119.61	207.81
Long-Term Accounts Receivable	53.31	92.79	173.8	245.88	308.5	67.19
Long-Term Deferred Tax Assets	1,440	2,408	1,337	1,405	1,294	1,081
Other Long-Term Assets	1,544	1,221	922.21	908.93	849.62	828.66
Total Assets	38,662	40,109	42,545	40,367	41,427	36,493
Accounts Payable	1,705	1,067	1,050	1,302	2,395	1,799
Accrued Expenses	-	483.5	575.69	494.64	664.09	362.53
Current Portion of Long-Term Debt	5,725	6,025	6,411	6,690	7,100	8,000
Current Portion of Leases	1,096	1,181	1,358	1,111	817.13	982.41
Current Income Taxes Payable	330.65	278.78	266.85	296.47	762.29	384.4
Current Unearned Revenue	-	412.51	605.56	818.53	617.8	186.24
Other Current Liabilities	2,607	1,206	1,415	1,422	1,175	1,102
Total Current Liabilities	11,464	10,654	11,683	12,135	13,532	12,816
Long-Term Debt	451.74	494.1	578.82	600	600	25.57
Long-Term Leases	1,245	1,138	1,419	1,042	1,147	1,518
Pension & Post-Retirement Benefits	-	-	-	349.3	465.02	630.61
Long-Term Deferred Tax Liabilities	8.33	10.06	84.33	112.12	223.22	85.98
Other Long-Term Liabilities	133.4	132.05	107.68	98.1	108.31	95.74
Total Liabilities	13,303	12,429	13,873	14,336	16,075	15,172
Common Stock	0.15	0.15	0.15	0.15	0.15	0.15
Additional Paid-In Capital	16,584	16,584	16,584	16,584	16,584	16,584
Retained Earnings	9,480	11,765	12,912	9,687	8,537	4,200
Comprehensive Income & Other	-660.01	-623.48	-778.71	-194.27	277.46	582.15
Total Common Equity	25,405	27,726	28,718	26,076	25,398	21,367
Minority Interest	-45.35	-45.4	-45.46	-45.53	-45.64	-45.63
Shareholders' Equity	25,359	27,680	28,672	26,031	25,353	21,321
Total Liabilities & Equity	38,662	40,109	42,545	40,367	41,427	36,493
Total Debt	8,518	8,839	9,767	9,443	9,664	10,526
Net Cash (Debt)	9,726	8,511	6,850	4,642	4,791	245.92
Net Cash Growth	4.14%	24.26%	47.57%	-3.11%	1848.08%	-
Net Cash Per Share	16.06	14.05	11.31	7.66	7.91	0.41
Filing Date Shares Outstanding	605.64	605.64	605.64	605.64	605.64	605.64
Total Common Shares Outstanding	605.64	605.64	605.64	605.64	605.64	605.64
Working Capital	17,749	19,135	21,968	20,024	19,763	14,815
Book Value Per Share	41.95	45.78	47.42	43.06	41.94	35.28
Tangible Book Value	25,318	27,627	28,628	25,948	25,279	21,159
Tangible Book Value Per Share	41.80	45.62	47.27	42.84	41.74	34.94
Land	-	1,941	1,941	1,941	1,941	1,941
Buildings	-	6,425	6,368	6,367	6,531	6,508
Machinery	-	3,955	3,762	3,836	3,965	3,902
Construction In Progress	-	5.3	214.37	4.53	0.4	3.65
Leasehold Improvements	-	3,323	2,606	2,139	2,120	1,963

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