Polaris Holdings Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	7,515	7,514	3,384	4,283	2,404
Cash & Short-Term Investments	7,515	7,514	3,384	4,283	2,404
Cash Growth	0.01%	122.05%	-20.99%	78.16%	30.72%
Receivables	4,468	3,802	1,756	1,115	616
Inventory	247	211	126	5,936	5,969
Other Current Assets	1,704	1,574	2,690	1,528	373
Total Current Assets	13,934	13,101	7,956	12,862	9,362
Property, Plant & Equipment	21,033	21,812	12,809	9,867	1,031
Long-Term Investments	4,940	3,353	1,685	1,503	1,635
Goodwill	24,446	25,750	-	-	-
Other Intangible Assets	65	86	30	29	6
Long-Term Deferred Tax Assets	4,785	3,070	727	390	-
Other Long-Term Assets	2	2	1	2	1
Total Assets	69,205	67,174	23,208	24,653	12,035
Accounts Payable	429	486	362	391	1
Accrued Expenses	2,332	1,829	618	475	153
Short-Term Debt	-	-	984	587	1,099
Current Portion of Long-Term Debt	2,009	1,690	849	1,094	364
Current Portion of Leases	704	755	102	54	20
Current Income Taxes Payable	3,278	2,889	1,864	1,315	507
Other Current Liabilities	418	580	1,001	835	43
Total Current Liabilities	9,170	8,229	5,780	4,751	2,187
Long-Term Debt	14,479	17,229	6,966	12,321	8,241
Long-Term Leases	12,367	12,155	2,925	3,176	148
Pension & Post-Retirement Benefits	55	53	32	47	9
Long-Term Deferred Tax Liabilities	-	123	210	-	-
Other Long-Term Liabilities	980	1,057	412	1,449	1,259
Total Liabilities	37,051	38,846	16,325	21,744	11,844
Common Stock	26	10	65	12	1,829
Additional Paid-In Capital	21,024	21,007	2,317	2,528	2,163
Retained Earnings	10,944	7,049	4,438	366	-3,808
Treasury Stock	-3	-2	-2	-2	-2
Comprehensive Income & Other	163	264	65	5	9
Total Common Equity	32,154	28,328	6,883	2,909	191
Shareholders' Equity	32,154	28,328	6,883	2,909	191
Total Liabilities & Equity	69,205	67,174	23,208	24,653	12,035
Total Debt	29,559	31,829	11,826	17,232	9,872
Net Cash (Debt)	-22,044	-24,315	-8,442	-12,949	-7,468
Net Cash Per Share	-94.27	-156.78	-67.69	-119.01	-106.03
Filing Date Shares Outstanding	233.91	233.75	124.13	122.84	91.57
Total Common Shares Outstanding	233.91	233.75	124.13	116.97	91.57
Working Capital	4,764	4,872	2,176	8,111	7,175
Book Value Per Share	137.46	121.19	55.45	24.87	2.09
Tangible Book Value	7,643	2,492	6,853	2,880	185
Tangible Book Value Per Share	32.67	10.66	55.21	24.62	2.02