Kitahama Capital Partners 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	569	256	62	159	75	112
Short-Term Investments	162	262	-	-	-	-
Cash & Short-Term Investments	731	518	62	159	75	112
Cash Growth	89.38%	735.48%	-61.01%	112.00%	-33.04%	19.15%
Accounts Receivable	394	-305	-311	-214	16	73
Other Receivables	413	395	377	188	60	-
Receivables	1,296	223	189	197	306	141
Inventory	1,129	652	38	47	162	108
Prepaid Expenses	203	16	12	-	-	-
Other Current Assets	211	85	16	40	36	132
Total Current Assets	3,570	1,494	317	443	579	493
Property, Plant & Equipment	1,151	681	694	651	952	478
Long-Term Investments	1,481	39	28	92	39	75
Goodwill	722	342	43	4	83	233
Other Intangible Assets	3	-	2	-	-	-
Other Long-Term Assets	2	2	1	2	1	1
Total Assets	7,054	2,686	1,216	1,324	1,786	1,382
Accounts Payable	11	9	27	8	1	1
Accrued Expenses	26	14	22	-	-	-
Short-Term Debt	547	32	428	200	159	25
Current Portion of Long-Term Debt	115	15	18	7	9	13
Current Portion of Leases	42	42	38	8	7	5
Current Income Taxes Payable	186	333	184	146	455	49
Other Current Liabilities	27	27	88	101	68	60
Total Current Liabilities	954	472	805	470	699	153
Long-Term Debt	363	59	111	157	155	164
Long-Term Leases	109	106	137	19	17	11
Long-Term Deferred Tax Liabilities	5	5	5	5	5	5
Other Long-Term Liabilities	6	6	7	17	31	2
Total Liabilities	1,437	648	1,065	668	907	335
Common Stock	8,021	5,760	4,421	4,379	4,083	3,547
Additional Paid-In Capital	7,886	5,625	4,286	4,334	3,948	3,412
Retained Earnings	-10,329	-9,409	-8,586	-8,095	-7,191	-5,945
Comprehensive Income & Other	39	54	30	36	39	33
Total Common Equity	5,617	2,030	151	654	879	1,047
Minority Interest	-	8	-	2	-	-
Shareholders' Equity	5,617	2,038	151	656	879	1,047
Total Liabilities & Equity	7,054	2,686	1,216	1,324	1,786	1,382
Total Debt	1,176	254	732	391	347	218
Net Cash (Debt)	-445	264	-670	-232	-272	-106
Net Cash Per Share	-0.94	0.94	-4.78	-2.01	-2.78	-1.51
Filing Date Shares Outstanding	547.97	541.56	142.06	138.23	114.91	89.79
Total Common Shares Outstanding	547.97	298.63	141.56	138.23	110.05	79.41
Working Capital	2,616	1,022	-488	-27	-120	340
Book Value Per Share	10.25	6.80	1.07	4.73	7.99	13.18
Tangible Book Value	4,892	1,688	106	650	796	814
Tangible Book Value Per Share	8.93	5.65	0.75	4.70	7.23	10.25

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