Ichigo Balance Sheet

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	51,635	42,689	46,917	40,536	46,458	50,832
Cash & Short-Term Investments	51,635	42,689	46,917	40,536	46,458	50,832
Cash Growth	-3.02%	-9.01%	15.74%	-12.75%	-8.61%	23.78%
Receivables	5,425	5,116	3,385	5,171	5,057	3,129
Inventory	164,794	143,993	103,721	79,151	68,666	64,109
Other Current Assets	11,636	4,200	3,723	3,199	2,617	2,701
Total Current Assets	233,490	195,998	157,746	128,057	122,798	120,771
Property, Plant & Equipment	174,783	174,511	185,232	199,323	204,038	214,392
Long-Term Investments	32,980	28,945	20,017	8,259	6,345	7,259
Goodwill	758	857	989	717	1,580	968
Other Intangible Assets	1,019	1,491	1,509	1,681	1,971	3,070
Long-Term Deferred Tax Assets	333	918	682	341	883	605
Other Long-Term Assets	2	2	2	1	2	1
Total Assets	444,045	406,715	367,015	338,619	337,887	347,076
Accrued Expenses	942	282	136	112	39	9
Short-Term Debt	7,407	6,520	16,726	962	2,382	4,879
Current Portion of Long-Term Debt	23,984	12,050	30,453	13,121	11,537	11,383
Current Income Taxes Payable	2,522	4,592	4,039	949	1,888	573
Other Current Liabilities	6,744	5,699	4,808	4,056	5,015	5,530
Total Current Liabilities	41,599	29,143	56,162	19,200	20,861	22,374
Long-Term Debt	266,792	243,542	185,614	195,875	195,481	203,742
Long-Term Deferred Tax Liabilities	1,653	1,445	1,323	1,589	1,795	1,868
Other Long-Term Liabilities	8,351	9,881	7,637	7,564	7,559	8,838
Total Liabilities	318,395	284,011	250,736	224,228	225,696	236,822
Common Stock	26,953	26,946	26,892	26,888	26,888	26,888
Additional Paid-In Capital	10,370	10,363	10,313	11,266	11,268	11,275
Retained Earnings	87,390	81,396	90,967	82,438	76,310	73,160
Treasury Stock	-13,097	-7,212	-22,446	-17,914	-13,423	-11,988
Comprehensive Income & Other	2,876	219	-219	1,161	733	722
Total Common Equity	114,492	111,712	105,507	103,839	101,776	100,057
Minority Interest	11,158	10,992	10,772	10,552	10,415	10,197
Shareholders' Equity	125,650	122,704	116,279	114,391	112,191	110,254
Total Liabilities & Equity	444,045	406,715	367,015	338,619	337,887	347,076
Total Debt	298,183	262,112	232,793	209,958	209,400	220,004
Net Cash (Debt)	-246,548	-219,423	-185,876	-169,422	-162,942	-169,172
Net Cash Per Share	-585.28	-502.68	-412.78	-368.13	-347.61	-352.52
Filing Date Shares Outstanding	411.04	421.22	439.11	453.39	466.65	471.02
Total Common Shares Outstanding	411.04	426.08	440.42	453.39	467.91	472.1
Working Capital	191,891	166,855	101,584	108,857	101,937	98,397
Book Value Per Share	278.54	262.19	239.56	229.03	217.51	211.94
Tangible Book Value	112,715	109,364	103,009	101,441	98,225	96,019
Tangible Book Value Per Share	274.22	256.68	233.89	223.74	209.92	203.39

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.