Morinaga&Co. 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	24,550	31,062	44,900	36,362	56,652	31,568
Short-Term Investments	-	-	4,999	-	-	-
Cash & Short-Term Investments	24,550	31,062	49,899	36,362	56,652	31,568
Cash Growth	-12.25%	-37.75%	37.23%	-35.82%	79.46%	-27.31%
Accounts Receivable	36,449	27,271	30,577	23,669	22,265	19,891
Other Receivables	436	-	-	3,328	157	795
Receivables	36,885	27,271	30,577	26,997	22,422	20,686
Inventory	39,310	37,952	28,638	31,589	23,755	18,736
Other Current Assets	10,633	8,382	8,931	6,423	9,238	6,061
Total Current Assets	111,378	104,667	118,045	101,371	112,067	77,051
Property, Plant & Equipment	86,356	79,982	80,690	86,256	85,053	82,431
Long-Term Investments	19,053	19,304	21,278	15,657	15,678	41,175
Goodwill	-	-	-	-	98	196
Other Intangible Assets	3,687	4,075	2,015	839	211	231
Long-Term Deferred Tax Assets	1,422	1,957	1,613	1,102	1,191	830
Other Long-Term Assets	2	1	3	1	2	1
Total Assets	221,898	209,986	223,644	205,226	214,300	201,915
Accounts Payable	26,382	21,608	23,002	22,798	20,392	18,162
Accrued Expenses	1,860	3,308	3,089	2,696	2,697	2,595
Short-Term Debt	5,000	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	10,000	-
Current Portion of Leases	-	492	467	490	367	359
Current Income Taxes Payable	14,181	12,851	18,912	10,516	20,512	11,204
Other Current Liabilities	15,023	13,630	18,966	14,797	16,179	15,958
Total Current Liabilities	62,446	51,889	64,436	51,297	70,147	48,278
Long-Term Debt	16,000	19,000	19,000	19,000	-	10,000
Long-Term Leases	-	696	854	950	616	558
Pension & Post-Retirement Benefits	2,451	2,082	2,677	3,640	8,231	7,767
Long-Term Deferred Tax Liabilities	222	-	50	333	-	6,946
Other Long-Term Liabilities	4,717	3,927	3,975	4,152	4,133	4,444
Total Liabilities	85,836	77,594	90,992	79,372	83,127	77,993
Common Stock	18,612	18,612	18,612	18,612	18,612	18,612
Additional Paid-In Capital	17,186	17,186	17,186	17,186	17,292	17,281
Retained Earnings	90,166	87,076	86,305	83,396	97,886	74,354
Treasury Stock	-5,237	-5,252	-4,865	-3,713	-12,717	-11,291
Comprehensive Income & Other	13,651	13,243	13,964	9,083	8,961	24,050
Total Common Equity	134,378	130,865	131,202	124,564	130,034	123,006
Minority Interest	1,684	1,527	1,450	1,290	1,139	916
Shareholders' Equity	136,062	132,392	132,652	125,854	131,173	123,922
Total Liabilities & Equity	221,898	209,986	223,644	205,226	214,300	201,915
Total Debt	21,000	20,188	20,321	20,440	10,983	10,917
Net Cash (Debt)	3,550	10,874	29,578	15,922	45,669	20,651
Net Cash Growth	-60.46%	-63.24%	85.77%	-65.14%	121.15%	-36.49%
Net Cash Per Share	41.94	123.32	323.22	165.21	454.33	205.28
Filing Date Shares Outstanding	84.02	84.02	89.67	94.18	98.4	100.6
Total Common Shares Outstanding	84.02	85.92	90.61	94.18	99.88	100.6
Working Capital	48,932	52,778	53,609	50,074	41,920	28,773
Book Value Per Share	1599.35	1523.09	1448.00	1322.61	1301.96	1222.76
Tangible Book Value	130,691	126,790	129,187	123,725	129,725	122,579
Tangible Book Value Per Share	1555.47	1475.66	1425.76	1313.70	1298.87	1218.51

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