Kewpie Balance Sheet

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Cash & Equivalents	65,598	78,139	66,610	57,825	58,343
Short-Term Investments	15,000	10,000	2,000	10,000	10,000
Cash & Short-Term Investments	80,598	88,139	68,610	67,825	68,343
Cash Growth	-8.56%	28.46%	1.16%	-0.76%	2.26%
Receivables	74,380	71,194	64,145	59,299	56,738
Inventory	42,262	39,861	43,993	37,077	30,065
Other Current Assets	6,125	4,533	5,332	3,525	2,305
Total Current Assets	203,365	203,727	182,080	167,726	157,451
Property, Plant & Equipment	147,953	147,398	146,199	147,050	146,532
Long-Term Investments	55,571	90,096	79,015	69,370	59,761
Goodwill	73	-	182	364	552
Other Intangible Assets	17,597	19,003	15,625	15,275	12,751
Long-Term Deferred Tax Assets	1,469	2,011	2,308	2,749	2,981
Other Long-Term Assets	54,005	1	2	-	2
Total Assets	480,531	462,372	426,006	403,384	381,003
Accounts Payable	44,660	44,777	33,414	33,051	28,015
Accrued Expenses	4,146	4,017	4,012	3,679	6,150
Short-Term Debt	7,202	2,271	17,200	3,058	11,591
Current Portion of Long-Term Debt	10,000	-	-	-	-
Current Income Taxes Payable	8,247	30,643	19,907	19,158	22,090
Other Current Liabilities	30,724	9,531	6,839	6,306	3,353
Total Current Liabilities	104,979	91,239	81,372	65,252	71,199
Long-Term Debt	-	15,500	10,784	26,070	26,356
Long-Term Leases	3,592	3,785	3,807	3,337	3,780
Pension & Post-Retirement Benefits	1,891	2,004	2,107	2,840	2,750
Long-Term Deferred Tax Liabilities	20,083	15,532	12,766	9,558	5,856
Other Long-Term Liabilities	2,388	2,675	3,868	1,705	1,762
Total Liabilities	132,933	130,735	114,704	108,762	111,703
Common Stock	24,104	24,104	24,104	24,104	24,104
Additional Paid-In Capital	20,935	28,412	28,638	28,634	28,632
Retained Earnings	245,952	224,209	209,740	203,515	194,015
Treasury Stock	-7,912	-5,847	-5,842	-5,840	-5,838
Comprehensive Income & Other	40,983	31,413	25,243	17,244	4,727
Total Common Equity	324,062	302,291	281,883	267,657	245,640
Minority Interest	23,536	29,346	29,419	26,965	23,660
Shareholders' Equity	347,598	331,637	311,302	294,622	269,300
Total Liabilities & Equity	480,531	462,372	426,006	403,384	381,003
Total Debt	20,794	21,556	31,791	32,465	41,727
Net Cash (Debt)	59,804	66,583	36,819	35,360	26,616
Net Cash Growth	-10.18%	80.84%	4.13%	32.85%	-
Net Cash Per Share	432.53	479.01	264.88	254.38	189.36
Filing Date Shares Outstanding	139.17	139	139	139	139
Total Common Shares Outstanding	139.17	139	139	139	139
Working Capital	98,386	112,488	100,708	102,474	86,252
Book Value Per Share	2328.48	2174.73	2027.89	1925.53	1767.13
Tangible Book Value	306,392	283,288	266,076	252,018	232,337
Tangible Book Value Per Share	2201.51	2038.02	1914.17	1813.03	1671.43
Land	29,001	-	-	-	-
Buildings	170,414	-	-	-	-
Machinery	161,197	-	-	-	-
Construction In Progress	5,400	-	-	-	-

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