Alpico Holdings Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	8,832	4,206	5,423	2,688	1,635	1,550
Short-Term Investments	-	1,996	-	-	-	-
Cash & Short-Term Investments	8,832	6,202	5,423	2,688	1,635	1,550
Cash Growth	62.86%	14.37%	101.75%	64.39%	5.51%	-2.33%
Receivables	2,829	2,658	2,456	2,189	50.62	36.97
Inventory	3,818	3,339	3,375	3,437	-	-
Other Current Assets	2,741	2,484	2,739	2,658	802.62	1,034
Total Current Assets	18,220	14,683	13,993	10,972	2,488	2,621
Property, Plant & Equipment	37,987	36,301	35,843	36,309	27.37	20.77
Long-Term Investments	3,555	3,285	3,289	3,220	-	-
Goodwill	1	2	47	257	-	-
Other Intangible Assets	2,623	2,786	3,025	2,639	63.74	68.12
Long-Term Deferred Tax Assets	856	1,233	1,334	877	-	-
Other Long-Term Assets	1	2	1	2	31,714	34,462
Total Assets	63,292	58,346	57,570	54,307	34,293	37,172
Accounts Payable	9,608	4,790	7,949	4,635	-	-
Accrued Expenses	369	594	572	515	-	-
Short-Term Debt	10	10	10	1,910	11,134	10,476
Current Portion of Long-Term Debt	5,775	7,413	7,382	6,767	-	-
Current Portion of Leases	493	479	496	814	-	-
Current Income Taxes Payable	607	308	327	131	-	-
Other Current Liabilities	6,353	6,198	6,305	4,276	445.46	689.19
Total Current Liabilities	23,215	19,792	23,041	19,048	11,580	11,166
Long-Term Debt	16,279	16,440	16,849	18,567	19,193	21,119
Long-Term Leases	1,636	1,630	1,182	1,130	-	-
Pension & Post-Retirement Benefits	263	282	229	262	-	-
Long-Term Deferred Tax Liabilities	21	15	12	2	-	-
Other Long-Term Liabilities	5,507	5,669	5,725	5,510	157.17	211.22
Total Liabilities	46,921	43,828	47,038	44,519	30,930	32,496
Common Stock	1,304	1,304	338	322	3,363	4,676
Additional Paid-In Capital	3,892	3,892	2,926	4,704	-	-
Retained Earnings	11,094	9,265	7,211	4,749	-	-
Comprehensive Income & Other	81	57	57	13	-	-
Shareholders' Equity	16,371	14,518	10,532	9,788	3,363	4,676
Total Liabilities & Equity	63,292	58,346	57,570	54,307	34,293	37,172
Total Debt	24,193	25,972	25,919	29,188	30,327	31,595
Net Cash (Debt)	-15,361	-19,770	-20,496	-26,500	-28,692	-30,045
Net Cash Per Share	-216.12	-313.48	-341.86	-442.20	-	-
Filing Date Shares Outstanding	71.11	71.11	59.95	59.93	-	-
Total Common Shares Outstanding	71.11	71.11	59.95	59.93	-	-
Working Capital	-4,995	-5,109	-9,048	-8,076	-	-
Book Value Per Share	230.21	204.15	175.67	163.33	-	-
Tangible Book Value	13,747	11,730	7,460	6,892	-	-
Tangible Book Value Per Share	193.31	164.95	124.43	115.00	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.