S-Pool Balance Sheet

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

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Cash & Equivalents	3,583	3,814	3,378	3,212	3,938
Cash & Short-Term Investments	3,583	3,814	3,378	3,212	3,938
Cash Growth	-6.06%	12.91%	5.17%	-18.44%	56.64%
Receivables	3,787	4,223	3,186	3,436	3,405
Inventory	497	276	199	94	170
Other Current Assets	331	464	362	314	204
Total Current Assets	8,198	8,777	7,125	7,056	7,717
Property, Plant & Equipment	31,599	29,383	24,891	9,128	6,638
Long-Term Investments	-	1,134	1,056	733	833
Other Intangible Assets	100	113	130	60	71
Long-Term Deferred Tax Assets	469	304	175	51	60
Other Long-Term Assets	1,301	3	2	2	1
Total Assets	41,667	39,714	33,379	17,030	15,320
Accounts Payable	2,335	1,091	717	261	218
Accrued Expenses	-	-	-	1,587	1,697
Short-Term Debt	5,317	4,501	3,801	3,450	3,450
Current Portion of Long-Term Debt	-	1,115	715	228	228
Current Portion of Leases	1,733	1,782	1,407	-	-
Current Income Taxes Payable	503	517	461	1,416	1,119
Other Current Liabilities	2,275	2,521	2,059	234	256
Total Current Liabilities	12,163	11,527	9,160	7,176	6,968
Long-Term Debt	3,544	3,635	3,000	959	1,188
Long-Term Leases	13,872	12,969	10,901	-	-
Long-Term Deferred Tax Liabilities	4	3	273	148	118
Other Long-Term Liabilities	1,880	1,754	1,550	1,318	941
Total Liabilities	31,463	29,888	24,884	9,601	9,215
Common Stock	372	372	372	372	372
Additional Paid-In Capital	245	246	246	246	222
Retained Earnings	10,072	9,418	8,109	6,819	5,484
Treasury Stock	-274	-	-	-	-
Comprehensive Income & Other	-202	-200	-222	-	-
Total Common Equity	10,213	9,836	8,505	7,437	6,078
Minority Interest	-9	-10	-10	-8	27
Shareholders' Equity	10,204	9,826	8,495	7,429	6,105
Total Liabilities & Equity	41,667	39,714	33,379	17,030	15,320
Total Debt	24,466	24,002	19,824	4,637	4,866
Net Cash (Debt)	-20,883	-20,188	-16,446	-1,425	-928
Net Cash Per Share	-266.64	-255.53	-208.17	-18.04	-11.75
Filing Date Shares Outstanding	78.1	79	79	79	79
Total Common Shares Outstanding	78.1	79	79	79	79
Working Capital	-3,965	-2,750	-2,035	-120	749
Book Value Per Share	130.76	124.50	107.65	94.13	76.93
Tangible Book Value	10,113	9,723	8,375	7,377	6,007
Tangible Book Value Per Share	129.48	123.07	106.01	93.38	76.03

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