Polaris Holdings Co., Ltd. (TYO:3010)

Polaris Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	7,424	7,514	3,384	4,283	2,404	1,839
Cash & Short-Term Investments	7,424	7,514	3,384	4,283	2,404	1,839
Cash Growth	95.06%	122.05%	-20.99%	78.16%	30.72%	74.64%
Receivables	3,991	3,802	1,756	1,115	616	334
Inventory	200	211	126	5,936	5,969	61
Other Current Assets	1,605	1,574	2,690	1,528	373	280
Total Current Assets	13,220	13,101	7,956	12,862	9,362	2,514
Property, Plant & Equipment	21,308	21,812	12,809	9,867	1,031	1,206
Long-Term Investments	6,819	3,353	1,685	1,503	1,635	1,260
Goodwill	25,098	25,750	-	-	-	-
Other Intangible Assets	77	86	30	29	6	15
Long-Term Deferred Tax Assets	-	3,070	727	390	-	-
Other Long-Term Assets	1	2	1	2	1	1
Total Assets	66,523	67,174	23,208	24,653	12,035	4,996
Accounts Payable	354	486	362	391	1	1
Accrued Expenses	74	1,829	618	475	153	255
Short-Term Debt	-	-	984	587	1,099	693
Current Portion of Long-Term Debt	1,532	1,690	849	1,094	364	367
Current Portion of Leases	-	755	102	54	20	18
Current Income Taxes Payable	2,924	2,889	1,864	1,315	507	407
Other Current Liabilities	3,133	580	1,001	835	43	131
Total Current Liabilities	8,017	8,229	5,780	4,751	2,187	1,872
Long-Term Debt	16,389	17,229	6,966	12,321	8,241	3,478
Long-Term Leases	12,606	12,155	2,925	3,176	148	168
Pension & Post-Retirement Benefits	51	53	32	47	9	7
Long-Term Deferred Tax Liabilities	-	123	210	-	-	-
Other Long-Term Liabilities	864	1,057	412	1,449	1,259	256
Total Liabilities	37,927	38,846	16,325	21,744	11,844	5,781
Common Stock	26	10	65	12	1,829	429
Additional Paid-In Capital	21,024	21,007	2,317	2,528	2,163	763
Retained Earnings	7,444	7,049	4,438	366	-3,808	-1,978
Treasury Stock	-3	-2	-2	-2	-2	-2
Comprehensive Income & Other	105	264	65	5	9	3
Total Common Equity	28,596	28,328	6,883	2,909	191	-785
Shareholders' Equity	28,596	28,328	6,883	2,909	191	-785
Total Liabilities & Equity	66,523	67,174	23,208	24,653	12,035	4,996
Total Debt	30,527	31,829	11,826	17,232	9,872	4,724
Net Cash (Debt)	-23,103	-24,315	-8,442	-12,949	-7,468	-2,885
Net Cash Per Share	-110.86	-156.78	-67.69	-119.01	-106.03	-51.94
Filing Date Shares Outstanding	233.91	233.75	124.13	122.84	91.57	59.02
Total Common Shares Outstanding	233.91	233.75	124.13	116.97	91.57	59.02
Working Capital	5,203	4,872	2,176	8,111	7,175	642
Book Value Per Share	122.25	121.19	55.45	24.87	2.09	-13.30
Tangible Book Value	3,421	2,492	6,853	2,880	185	-800
Tangible Book Value Per Share	14.63	10.66	55.21	24.62	2.02	-13.56

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