Kotobuki Spirits 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	25,407	26,081	23,689	17,162	9,912	7,309
Cash & Short-Term Investments	25,407	26,081	23,689	17,162	9,912	7,309
Cash Growth	8.87%	10.10%	38.03%	73.14%	35.61%	-11.84%
Receivables	10,344	7,400	7,015	6,074	3,767	2,889
Inventory	4,312	3,950	3,302	2,293	1,995	1,502
Other Current Assets	291	218	402	211	130	914
Total Current Assets	40,354	37,649	34,408	25,740	15,804	12,614
Property, Plant & Equipment	12,094	11,520	9,465	8,750	9,207	9,928
Long-Term Investments	-	1,114	997	926	956	977
Other Intangible Assets	144	108	82	100	142	151
Long-Term Deferred Tax Assets	-	1,588	1,557	1,435	1,360	1,380
Other Long-Term Assets	2,791	1	1	2	1	2
Total Assets	55,383	51,980	46,510	36,953	27,470	25,052
Accounts Payable	2,642	2,169	1,704	1,562	922	838
Accrued Expenses	659	1,222	1,137	932	767	697
Current Portion of Long-Term Debt	-	300	-	140	239	239
Current Income Taxes Payable	1,943	4,902	4,682	3,932	1,860	767
Other Current Liabilities	3,293	1,142	1,301	1,529	832	535
Total Current Liabilities	8,537	9,735	8,824	8,095	4,620	3,076
Long-Term Debt	-	-	300	300	485	725
Pension & Post-Retirement Benefits	1,969	1,916	1,950	1,849	1,815	1,711
Long-Term Deferred Tax Liabilities	-	8	8	8	8	8
Other Long-Term Liabilities	250	237	206	185	186	190
Total Liabilities	10,756	11,896	11,288	10,437	7,114	5,710
Common Stock	1,263	1,263	1,217	1,217	1,217	1,217
Additional Paid-In Capital	1,350	1,368	1,323	1,323	1,323	1,323
Retained Earnings	44,665	40,274	32,508	23,855	17,799	16,841
Treasury Stock	-2,842	-3,006	-6	-5	-4	-3
Comprehensive Income & Other	186	183	180	126	21	-36
Total Common Equity	44,622	40,082	35,222	26,516	20,356	19,342
Minority Interest	5	2	-	-	-	-
Shareholders' Equity	44,627	40,084	35,222	26,516	20,356	19,342
Total Liabilities & Equity	55,383	51,980	46,510	36,953	27,470	25,052
Total Debt	-	300	300	440	724	964
Net Cash (Debt)	25,407	25,781	23,389	16,722	9,188	6,345
Net Cash Growth	10.28%	10.23%	39.87%	82.00%	44.81%	-21.77%
Net Cash Per Share	164.52	165.87	150.32	107.47	59.05	40.78
Filing Date Shares Outstanding	154.43	154.36	155.6	155.6	155.6	155.6
Total Common Shares Outstanding	154.43	154.36	155.6	155.6	155.6	155.6
Working Capital	31,817	27,914	25,584	17,645	11,184	9,538
Book Value Per Share	288.94	259.66	226.37	170.42	130.83	124.31
Tangible Book Value	44,478	39,974	35,140	26,416	20,214	19,191
Tangible Book Value Per Share	288.01	258.96	225.84	169.77	129.91	123.34

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