TYO:1850 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	8,121	3,932	6,269	7,829	4,919	4,404
Short-Term Investments	-	-	-	-	499	-
Cash & Short-Term Investments	8,121	3,932	6,269	7,829	5,418	4,404
Cash Growth	88.42%	-37.28%	-19.93%	44.50%	23.03%	-24.73%
Accounts Receivable	20,528	33,422	18,773	21,321	20,569	25,373
Other Receivables	-	75	133	193	132	119
Receivables	20,528	33,497	18,906	21,514	20,701	25,492
Inventory	1,518	1,413	1,405	2,537	676	404
Other Current Assets	230	654	406	167	290	348
Total Current Assets	30,397	39,496	26,986	32,047	27,085	30,648
Property, Plant & Equipment	686	732	644	657	3,257	3,294
Long-Term Investments	2,710	2,262	2,299	1,343	1,355	1,318
Other Intangible Assets	109	92	91	110	117	174
Long-Term Deferred Tax Assets	99	285	314	696	630	563
Other Long-Term Assets	1	-	1	3	1	2
Total Assets	34,002	42,867	30,335	34,856	32,445	35,999
Accounts Payable	11,153	15,920	10,200	12,983	12,140	15,737
Accrued Expenses	186	421	224	252	253	252
Short-Term Debt	742	5,880	1,848	4,084	3,834	4,389
Current Portion of Leases	-	-	1	3	4	5
Current Income Taxes Payable	93	535	173	339	11	367
Current Unearned Revenue	-	-	-	-	-	280
Other Current Liabilities	1,943	1,301	666	1,081	1,640	1,784
Total Current Liabilities	14,117	24,057	13,112	18,742	17,882	22,814
Long-Term Debt	46	100	80	329	613	605
Long-Term Leases	-	1	2	1	5	10
Pension & Post-Retirement Benefits	1,325	1,315	1,258	1,216	1,158	1,106
Other Long-Term Liabilities	106	105	110	116	117	119
Total Liabilities	15,594	25,578	14,562	20,404	19,775	24,654
Common Stock	2,000	2,000	2,000	2,000	2,000	2,000
Additional Paid-In Capital	1,703	1,703	1,703	1,703	1,703	1,703
Retained Earnings	14,216	13,153	11,553	10,540	8,729	7,419
Treasury Stock	-4	-4	-3	-3	-3	-3
Comprehensive Income & Other	493	437	520	212	241	226
Shareholders' Equity	18,408	17,289	15,773	14,452	12,670	11,345
Total Liabilities & Equity	34,002	42,867	30,335	34,856	32,445	35,999
Total Debt	788	5,981	1,931	4,417	4,456	5,009
Net Cash (Debt)	7,333	-2,049	4,338	3,412	962	-605
Net Cash Growth	362.94%	-	27.14%	254.68%	-	-
Net Cash Per Share	254.37	-71.08	150.48	118.36	33.37	-20.99
Filing Date Shares Outstanding	28.83	28.83	28.83	28.83	28.83	28.83
Total Common Shares Outstanding	28.83	28.83	28.83	28.83	28.83	28.83
Working Capital	16,280	15,439	13,874	13,305	9,203	7,834
Book Value Per Share	638.53	599.74	547.15	501.32	439.51	393.54
Tangible Book Value	18,299	17,197	15,682	14,342	12,553	11,171
Tangible Book Value Per Share	634.75	596.55	543.99	497.51	435.45	387.50

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.