First Baking Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,653	3,005	3,956	3,059	2,170	1,452
Cash & Short-Term Investments	2,653	3,005	3,956	3,059	2,170	1,452
Cash Growth	-28.14%	-24.04%	29.32%	40.97%	49.45%	-24.38%
Accounts Receivable	3,070	3,810	3,493	3,618	3,607	3,441
Other Receivables	222	256	62	80	84	220
Receivables	3,292	4,066	3,555	3,698	3,691	3,661
Inventory	671	722	525	512	495	476
Other Current Assets	61	63	95	109	90	102
Total Current Assets	6,677	7,856	8,131	7,378	6,446	5,691
Property, Plant & Equipment	8,440	8,247	7,336	10,216	7,334	7,829
Long-Term Investments	74	72	74	83	3,242	4,421
Other Intangible Assets	45	46	53	52	52	66
Long-Term Deferred Tax Assets	109	120	186	-	-	-
Other Long-Term Assets	2	2	1	1	2	2
Total Assets	15,347	16,343	15,781	17,730	17,076	18,009
Accounts Payable	1,212	2,131	1,826	1,782	1,747	971
Accrued Expenses	1,334	1,353	1,304	1,215	1,332	1,294
Short-Term Debt	-	-	-	3,800	3,400	4,108
Current Portion of Long-Term Debt	-	-	14	28	43	88
Current Portion of Leases	-	-	18	27	46	71
Current Income Taxes Payable	180	48	681	203	107	146
Other Current Liabilities	353	718	612	580	971	265
Total Current Liabilities	3,079	4,250	4,455	7,635	7,646	6,943
Long-Term Debt	-	-	-	14	42	86
Long-Term Leases	-	-	-	18	44	90
Pension & Post-Retirement Benefits	2,217	2,211	2,381	2,246	2,175	2,156
Long-Term Deferred Tax Liabilities	-	-	-	575	576	805
Other Long-Term Liabilities	1,312	1,328	891	1,032	753	444
Total Liabilities	6,608	7,789	7,727	11,520	11,236	10,524
Common Stock	3,305	3,305	3,305	3,305	3,305	3,305
Additional Paid-In Capital	3,658	3,658	3,658	3,658	3,658	3,658
Retained Earnings	1,759	1,572	1,251	-803	-1,277	-132
Treasury Stock	-9	-9	-9	-9	-9	-9
Comprehensive Income & Other	26	28	-151	59	163	663
Total Common Equity	8,739	8,554	8,054	6,210	5,840	7,485
Shareholders' Equity	8,739	8,554	8,054	6,210	5,840	7,485
Total Liabilities & Equity	15,347	16,343	15,781	17,730	17,076	18,009
Total Debt	-	-	32	3,887	3,575	4,443
Net Cash (Debt)	2,653	3,005	3,924	-828	-1,405	-2,991
Net Cash Growth	-27.65%	-23.42%	-	-	-	-
Net Cash Per Share	383.19	434.03	566.77	-119.59	-202.93	-432.00
Filing Date Shares Outstanding	6.92	6.92	6.92	6.92	6.92	6.92
Total Common Shares Outstanding	6.92	6.92	6.92	6.92	6.92	6.92
Working Capital	3,598	3,606	3,676	-257	-1,200	-1,252
Book Value Per Share	1262.24	1235.52	1163.30	896.95	843.51	1081.08
Tangible Book Value	8,694	8,508	8,001	6,158	5,788	7,419
Tangible Book Value Per Share	1255.74	1228.88	1155.64	889.44	836.00	1071.55