MERF Inc. Balance Sheet

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 31, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Cash & Equivalents	1,223	1,639	1,238	1,263	1,275	1,806
Short-Term Investments	-	-	296	-	-	-
Cash & Short-Term Investments	1,223	1,639	1,534	1,263	1,275	1,806
Cash Growth	5.16%	6.84%	21.46%	-0.94%	-29.40%	-13.59%
Accounts Receivable	11,347	9,107	11,931	10,092	10,682	9,817
Other Receivables	538.65	411	2,122	1,641	1,496	694
Receivables	11,886	9,518	14,053	11,762	12,178	10,511
Inventory	12,134	7,536	5,776	7,188	6,771	6,981
Other Current Assets	5,065	2,518	2,058	1,642	2,265	1,321
Total Current Assets	30,308	21,211	23,421	21,855	22,489	20,619
Property, Plant & Equipment	3,216	3,315	2,566	2,458	2,434	2,282
Long-Term Investments	2,176	885	515	664	720	588
Other Intangible Assets	103.35	121	44	38	51	32
Long-Term Deferred Tax Assets	-	20	64	50	30	117
Other Long-Term Assets	0	2	1	2	1	2
Total Assets	35,803	25,705	26,611	25,067	25,725	23,640
Accounts Payable	3,158	2,400	3,303	2,588	2,214	2,153
Accrued Expenses	182.91	38	67	19	21	56
Short-Term Debt	12,108	7,700	9,400	9,500	9,909	7,779
Current Portion of Long-Term Debt	1,471	1,433	1,280	1,108	1,300	1,314
Current Portion of Leases	70.96	59	-	-	-	-
Current Income Taxes Payable	1,213	260	724	433	432	1,076
Other Current Liabilities	669.33	438	126	125	85	72
Total Current Liabilities	18,874	12,328	14,900	13,773	13,961	12,450
Long-Term Debt	3,999	3,581	2,108	2,070	2,418	2,388
Long-Term Leases	391.56	401	-	-	-	-
Pension & Post-Retirement Benefits	120.18	120	120	126	126	120
Long-Term Deferred Tax Liabilities	382.48	17	-	-	-	-
Other Long-Term Liabilities	0.01	41	1	2	2	2
Total Liabilities	23,798	16,488	17,129	15,971	16,507	14,960
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000
Additional Paid-In Capital	699.33	698	697	697	695	690
Retained Earnings	8,792	6,937	7,423	7,172	7,286	6,987
Treasury Stock	-95.49	-104	-114	-125	-52	-65
Comprehensive Income & Other	1,610	686	476	352	289	68
Shareholders' Equity	12,005	9,217	9,482	9,096	9,218	8,680
Total Liabilities & Equity	35,803	25,705	26,611	25,067	25,725	23,640
Total Debt	18,042	13,174	12,788	12,678	13,627	11,481
Net Cash (Debt)	-16,819	-11,535	-11,254	-11,415	-12,352	-9,675
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1188.28	-816.23	-797.22	-806.64	-868.93	-681.91
Filing Date Shares Outstanding	14.15	14.14	14.12	14.11	14.23	14.2
Total Common Shares Outstanding	14.15	14.14	14.12	14.11	14.23	14.2
Working Capital	11,434	8,883	8,521	8,082	8,528	8,169
Book Value Per Share	848.19	651.97	671.47	644.80	648.01	611.38
Tangible Book Value	11,902	9,096	9,438	9,058	9,167	8,648
Tangible Book Value Per Share	840.89	643.41	668.35	642.10	644.43	609.13