Medical Net Balance Sheet

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Cash & Equivalents	1,944	1,456	1,528	1,518	1,133	868
Cash & Short-Term Investments	1,944	1,456	1,528	1,518	1,133	868
Cash Growth	34.72%	-4.71%	0.66%	33.98%	30.53%	43.47%
Receivables	966	884	834	674	649	444
Inventory	266	318	206	123	129	29
Other Current Assets	265	300	266	144	166	164
Total Current Assets	3,441	2,958	2,834	2,459	2,077	1,505
Property, Plant & Equipment	131	133	125	111	106	39
Long-Term Investments	408	195	469	497	411	279
Goodwill	399	394	446	293	462	188
Other Intangible Assets	38	34	14	12	15	16
Long-Term Deferred Tax Assets	96	75	58	49	34	28
Other Long-Term Assets	2	-	2	2	2	1
Total Assets	4,560	4,080	3,989	3,467	3,154	2,107
Accounts Payable	482	408	436	322	259	111
Accrued Expenses	73	21	-	-	-	-
Short-Term Debt	950	846	530	680	630	240
Current Portion of Long-Term Debt	68	69	112	27	32	18
Current Income Taxes Payable	69	17	69	90	91	106
Other Current Liabilities	553	570	475	318	288	247
Total Current Liabilities	2,195	1,931	1,622	1,437	1,300	722
Long-Term Debt	302	336	387	82	111	124
Pension & Post-Retirement Benefits	44	40	40	11	5	-
Other Long-Term Liabilities	6	6	10	9	2	2
Total Liabilities	2,547	2,313	2,059	1,539	1,418	848
Common Stock	286	286	286	286	286	286
Additional Paid-In Capital	348	337	337	337	287	233
Retained Earnings	1,662	1,598	1,693	1,710	1,634	1,283
Treasury Stock	-400	-543	-443	-443	-511	-563
Comprehensive Income & Other	51	37	33	26	11	3
Total Common Equity	1,947	1,715	1,906	1,916	1,707	1,242
Minority Interest	66	52	24	12	29	17
Shareholders' Equity	2,013	1,767	1,930	1,928	1,736	1,259
Total Liabilities & Equity	4,560	4,080	3,989	3,467	3,154	2,107
Total Debt	1,320	1,251	1,029	789	773	382
Net Cash (Debt)	624	205	499	729	360	486
Net Cash Growth	104.59%	-58.92%	-31.55%	102.50%	-25.93%	149.23%
Net Cash Per Share	69.56	22.97	55.17	81.35	41.14	57.57
Filing Date Shares Outstanding	9.25	9.27	9.05	9.05	8.82	8.62
Total Common Shares Outstanding	9.25	8.73	9.05	9.05	8.82	8.62
Working Capital	1,246	1,027	1,212	1,022	777	783
Book Value Per Share	210.56	196.41	210.72	211.82	193.63	144.12
Tangible Book Value	1,510	1,287	1,446	1,611	1,230	1,038
Tangible Book Value Per Share	163.30	147.39	159.86	178.10	139.52	120.45

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