TMH Inc. 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
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022
Cash & Equivalents	633	2,562	0.02	2,116
Short-Term Investments	-	-	1,075	-
Cash & Short-Term Investments	633	2,562	1,075	2,116
Cash Growth	-75.30%	138.45%	-49.21%	-
Accounts Receivable	249	98.09	93.63	179.73
Other Receivables	676	433.26	-	-
Receivables	925	531.35	93.63	179.73
Inventory	876	448.2	235.58	115.64
Prepaid Expenses	-	2.8	5.45	4.34
Other Current Assets	50	7.03	172.26	246.73
Total Current Assets	2,484	3,552	1,582	2,662
Property, Plant & Equipment	213	213.83	96.37	85.96
Long-Term Investments	25	-	-	-
Other Intangible Assets	23	7.69	3.27	0.54
Long-Term Deferred Tax Assets	23	26.55	-	-
Other Long-Term Assets	2	17.27	16.09	17.8
Total Assets	2,770	3,817	1,697	2,766
Accounts Payable	426	803.51	377.14	342.11
Accrued Expenses	1	81.61	68.88	49.84
Short-Term Debt	200	-	-	-
Current Portion of Long-Term Debt	-	123.29	21.88	20.71
Current Portion of Leases	-	-	-	1.71
Current Income Taxes Payable	64	59.66	1.21	0.76
Current Unearned Revenue	-	1,749	505.47	1,755
Other Current Liabilities	509	44.82	33.69	23.97
Total Current Liabilities	1,200	2,862	1,008	2,194
Long-Term Debt	142	173.72	179.77	201.65
Long-Term Leases	-	-	-	2.14
Other Long-Term Liabilities	3	-	-	0
Total Liabilities	1,345	3,035	1,188	2,398
Common Stock	299	100	100	100
Additional Paid-In Capital	293	93.92	93.92	69.92
Retained Earnings	837	587.85	315.34	198.76
Comprehensive Income & Other	-4	-	-	-
Shareholders' Equity	1,425	781.77	509.26	368.68
Total Liabilities & Equity	2,770	3,817	1,697	2,766
Total Debt	342	297.01	201.65	226.2
Net Cash (Debt)	291	2,265	872.99	1,889
Net Cash Growth	-87.16%	159.50%	-53.80%	-
Net Cash Per Share	77.18	672.99	261.26	570.26
Filing Date Shares Outstanding	3.7	3.37	3.37	3.31
Total Common Shares Outstanding	3.7	3.37	3.37	3.31
Working Capital	1,284	690.15	573.3	468.18
Book Value Per Share	385.33	232.24	151.28	111.27
Tangible Book Value	1,402	774.07	506	368.15
Tangible Book Value Per Share	379.11	229.95	150.31	111.11
Land	-	-	14.69	14.69
Buildings	-	-	81.41	81.41
Machinery	-	-	14.7	11.92
Construction In Progress	-	-	12.25	-

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