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	Feb '26 Feb 28, 2026	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	1,976	1,456	1,528	1,518	1,133	868
Cash & Short-Term Investments	1,976	1,456	1,528	1,518	1,133	868
Cash Growth	41.04%	-4.71%	0.66%	33.98%	30.53%	43.47%
Receivables	983	884	834	674	649	444
Inventory	300	318	206	123	129	29
Other Current Assets	245	300	266	144	166	164
Total Current Assets	3,504	2,958	2,834	2,459	2,077	1,505
Property, Plant & Equipment	128	133	125	111	106	39
Long-Term Investments	309	195	469	497	411	279
Goodwill	396	394	446	293	462	188
Other Intangible Assets	36	34	14	12	15	16
Long-Term Deferred Tax Assets	106	75	58	49	34	28
Other Long-Term Assets	1	-	2	2	2	1
Total Assets	4,524	4,080	3,989	3,467	3,154	2,107
Accounts Payable	481	408	436	322	259	111
Accrued Expenses	91	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	68	17	69	90	91	106
Other Current Liabilities	477	570	475	318	288	247
Total Current Liabilities	2,135	1,931	1,622	1,437	1,300	722
Long-Term Debt	284	336	387	82	111	124
Pension & Post-Retirement Benefits	47	40	40	11	5	-
Other Long-Term Liabilities	5	6	10	9	2	2
Total Liabilities	2,471	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	1,697	1,598	1,693	1,710	1,634	1,283
Treasury Stock	-400	-543	-443	-443	-511	-563
Comprehensive Income & Other	54	37	33	26	11	3
Total Common Equity	1,985	1,715	1,906	1,916	1,707	1,242
Minority Interest	68	52	24	12	29	17
Shareholders' Equity	2,053	1,767	1,930	1,928	1,736	1,259
Total Liabilities & Equity	4,524	4,080	3,989	3,467	3,154	2,107
Total Debt	1,302	1,251	1,029	789	773	382
Net Cash (Debt)	674	205	499	729	360	486
Net Cash Growth	1171.70%	-58.92%	-31.55%	102.50%	-25.93%	149.23%
Net Cash Per Share	74.38	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	1,369	1,027	1,212	1,022	777	783
Book Value Per Share	214.66	196.41	210.72	211.82	193.63	144.12
Tangible Book Value	1,553	1,287	1,446	1,611	1,230	1,038
Tangible Book Value Per Share	167.95	147.39	159.86	178.10	139.52	120.45

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.