Morinaga Milk Industry Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	26,059	28,559	64,528	21,096	23,607
Cash & Short-Term Investments	26,059	28,559	64,528	21,096	23,607
Cash Growth	-8.75%	-55.74%	205.88%	-10.64%	22.56%
Receivables	71,991	67,846	74,643	65,032	63,051
Inventory	94,186	85,907	80,188	74,382	70,448
Other Current Assets	13,067	15,757	9,680	18,679	7,021
Total Current Assets	205,303	198,069	229,039	179,189	164,127
Property, Plant & Equipment	290,553	273,993	268,960	248,388	247,446
Long-Term Investments	37,154	34,003	38,563	31,055	30,936
Goodwill	383	417	10,214	11,127	-
Other Intangible Assets	11,184	11,625	17,107	10,112	9,735
Long-Term Deferred Tax Assets	2,332	2,074	1,925	5,037	6,328
Other Long-Term Assets	1	2	1	2	1
Total Assets	547,116	520,423	565,998	485,116	458,788
Accounts Payable	56,459	56,748	62,607	58,444	56,790
Accrued Expenses	38,732	38,896	42,096	35,991	34,474
Short-Term Debt	13,035	13,553	4,519	15,233	3,084
Current Portion of Long-Term Debt	4,346	24,642	17,593	7,952	7,905
Current Portion of Leases	1,062	1,068	1,033	913	856
Current Income Taxes Payable	4,156	3,140	24,455	2,927	10,036
Other Current Liabilities	30,798	32,065	40,379	35,147	29,355
Total Current Liabilities	148,588	170,112	192,682	156,607	142,500
Long-Term Debt	99,889	60,511	59,199	75,196	76,051
Long-Term Leases	4,337	4,957	4,474	2,039	1,368
Pension & Post-Retirement Benefits	8,079	7,576	21,664	21,483	21,146
Other Long-Term Liabilities	6,476	6,165	5,846	2,668	9,699
Total Liabilities	267,369	249,321	283,865	257,993	250,764
Common Stock	21,821	21,821	21,821	21,821	21,821
Additional Paid-In Capital	19,677	19,664	19,998	19,985	19,980
Retained Earnings	225,292	220,181	233,741	186,518	183,884
Treasury Stock	-15,248	-15,351	-14,241	-14,316	-25,476
Comprehensive Income & Other	23,211	20,010	15,863	9,018	5,860
Total Common Equity	274,753	266,325	277,182	223,026	206,069
Minority Interest	4,994	4,777	4,951	4,097	1,955
Shareholders' Equity	279,747	271,102	282,133	227,123	208,024
Total Liabilities & Equity	547,116	520,423	565,998	485,116	458,788
Total Debt	122,669	104,731	86,818	101,333	89,264
Net Cash (Debt)	-96,610	-76,172	-22,290	-80,237	-65,657
Net Cash Per Share	-1178.91	-900.31	-253.08	-885.85	-666.96
Filing Date Shares Outstanding	80.81	83.54	86.79	90.48	90.41
Total Common Shares Outstanding	80.81	83.52	86.79	90.48	90.41
Working Capital	56,715	27,957	36,357	22,582	21,627
Book Value Per Share	3399.96	3188.69	3193.66	2465.02	2279.33
Tangible Book Value	263,186	254,283	249,861	201,787	196,334
Tangible Book Value Per Share	3256.82	3044.52	2878.87	2230.27	2171.65
Order Backlog	-	6,777	6,655	3,788	3,213

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