MUGEN ESTATE Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	16,622	20,718	22,016	20,420	17,754	17,565
Cash & Short-Term Investments	18,318	20,718	22,016	20,420	17,754	17,565
Cash Growth	-17.05%	-5.90%	7.82%	15.02%	1.08%	9.34%
Receivables	108	80	58	31	18	16
Inventory	82,139	76,148	60,892	53,121	51,633	36,093
Other Current Assets	1,053	1,408	759	617	769	730
Total Current Assets	101,618	98,354	83,725	74,189	70,174	54,404
Property, Plant & Equipment	6,564	5,929	2,773	5,156	6,430	7,614
Long-Term Investments	955	1,765	402	426	392	379
Other Intangible Assets	142	113	79	81	84	85
Long-Term Deferred Tax Assets	402	483	481	454	306	252
Long-Term Deferred Charges	39	52	41	53	60	41
Other Long-Term Assets	557	2	2	3	2	3
Total Assets	110,277	106,698	87,503	80,362	77,448	62,778
Accounts Payable	1,461	1,048	606	466	495	361
Accrued Expenses	74	332	230	153	44	20
Short-Term Debt	9,493	10,726	7,818	9,153	6,023	4,739
Current Portion of Long-Term Debt	12,768	12,526	9,169	6,448	9,611	5,709
Current Income Taxes Payable	788	2,041	2,009	1,413	622	287
Other Current Liabilities	3,801	3,283	2,464	1,851	1,706	1,052
Total Current Liabilities	28,385	29,956	22,296	19,484	18,501	12,168
Long-Term Debt	44,507	39,490	31,829	32,044	33,672	26,411
Pension & Post-Retirement Benefits	412	376	388	308	115	109
Other Long-Term Liabilities	1,283	1,075	914	683	557	545
Total Liabilities	74,587	70,897	55,427	52,519	52,845	39,233
Common Stock	2,552	2,552	2,552	2,552	2,552	2,552
Additional Paid-In Capital	2,985	2,880	2,575	2,475	2,475	2,475
Retained Earnings	30,697	30,997	27,809	23,207	20,027	18,827
Treasury Stock	-654	-747	-919	-483	-543	-401
Comprehensive Income & Other	110	119	59	92	92	92
Shareholders' Equity	35,690	35,801	32,076	27,843	24,603	23,545
Total Liabilities & Equity	110,277	106,698	87,503	80,362	77,448	62,778
Total Debt	66,768	62,742	48,816	47,645	49,306	36,859
Net Cash (Debt)	-48,450	-42,024	-26,800	-27,225	-31,552	-19,294
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2053.55	-1788.52	-1135.86	-1150.09	-1334.16	-800.57
Filing Date Shares Outstanding	23.58	23.48	23.27	23.56	23.46	23.6
Total Common Shares Outstanding	23.58	23.49	23.27	23.56	23.46	23.78
Working Capital	73,233	68,398	61,429	54,705	51,673	42,236
Book Value Per Share	1513.67	1524.41	1378.52	1181.66	1048.56	990.31
Tangible Book Value	35,548	35,688	31,997	27,762	24,519	23,460
Tangible Book Value Per Share	1507.65	1519.60	1375.12	1178.22	1044.98	986.74