Sapporo Holdings 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	21,288	22,360	24,140	17,204	15,380	17,368
Cash & Short-Term Investments	21,288	22,360	24,140	17,204	15,380	17,368
Cash Growth	-5.05%	-7.37%	40.32%	11.86%	-11.45%	-11.99%
Accounts Receivable	68,687	94,523	99,458	98,023	96,593	91,530
Receivables	68,687	94,523	99,458	98,023	96,593	91,530
Inventory	48,542	45,687	58,148	47,575	47,525	39,178
Other Current Assets	192,804	177,891	12,172	13,551	19,933	19,730
Total Current Assets	331,321	340,461	193,918	176,353	179,431	167,806
Property, Plant & Equipment	142,424	144,970	157,799	145,687	129,102	120,624
Long-Term Investments	69	137,896	281,839	296,555	284,905	274,901
Goodwill	22,508	22,509	22,362	35,124	33,783	19,176
Other Intangible Assets	6,655	5,820	6,279	6,993	9,328	7,893
Long-Term Deferred Tax Assets	2,283	2,034	2,766	2,863	2,569	4,151
Other Long-Term Assets	132,708	-	-	-2	-	-
Total Assets	637,968	653,690	664,963	663,573	639,118	594,551
Accounts Payable	33,170	36,423	38,027	38,717	35,730	33,228
Accrued Expenses	-	4,026	3,674	3,302	2,307	2,304
Short-Term Debt	-	21,400	21,511	22,300	55,020	34,606
Current Portion of Long-Term Debt	61,594	29,990	35,486	17,372	31,505	26,557
Current Portion of Leases	3,478	3,561	3,741	3,645	3,825	4,712
Current Income Taxes Payable	927	3,667	7,485	5,919	890	5,577
Other Current Liabilities	106,699	89,565	97,083	99,949	90,238	97,433
Total Current Liabilities	205,868	188,632	207,007	191,204	219,515	204,417
Long-Term Debt	119,213	119,199	148,116	182,931	155,369	136,935
Long-Term Leases	23,594	24,396	27,730	19,377	17,478	17,257
Pension & Post-Retirement Benefits	2,386	2,647	3,297	3,412	3,471	318
Long-Term Deferred Tax Liabilities	18,141	17,312	17,585	21,831	22,007	19,585
Other Long-Term Liabilities	52,532	81,386	64,071	61,570	54,077	52,712
Total Liabilities	421,734	433,572	467,806	480,325	471,917	431,224
Common Stock	53,887	53,887	53,887	53,887	53,887	53,887
Additional Paid-In Capital	41,006	40,901	40,832	40,754	40,645	40,596
Retained Earnings	79,072	85,689	65,268	50,828	43,392	44,791
Treasury Stock	-1,634	-1,633	-1,722	-1,783	-1,785	-1,785
Comprehensive Income & Other	42,592	40,018	37,765	38,629	30,171	25,081
Total Common Equity	214,923	218,862	196,030	182,315	166,310	162,570
Minority Interest	1,311	1,256	1,127	933	891	757
Shareholders' Equity	216,234	220,118	197,157	183,248	167,201	163,327
Total Liabilities & Equity	637,968	653,690	664,963	663,573	639,118	594,551
Total Debt	207,879	198,546	236,584	245,625	263,197	220,067
Net Cash (Debt)	-186,591	-176,186	-212,444	-228,421	-247,817	-202,699
Net Cash Per Share	-478.22	-451.73	-544.94	-586.20	-636.15	-512.04
Filing Date Shares Outstanding	389.84	389.84	389.62	389.49	389.49	389.49
Total Common Shares Outstanding	389.84	389.84	389.62	389.49	389.49	389.49
Working Capital	125,453	151,829	-13,089	-14,851	-40,084	-36,611
Book Value Per Share	551.31	561.41	503.14	468.08	427.00	417.39
Tangible Book Value	185,760	190,533	167,389	140,198	123,199	135,501
Tangible Book Value Per Share	476.50	488.74	429.62	359.95	316.31	347.89