Ceres Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	13,078	11,574	8,112	6,547	6,842
Short-Term Investments	2,610	-	-	-	-
Cash & Short-Term Investments	15,688	11,574	8,112	6,547	6,842
Cash Growth	35.55%	42.68%	23.90%	-4.31%	12.40%
Receivables	3,498	6,247	6,581	6,273	5,166
Inventory	1,686	2,051	554	460	247
Other Current Assets	4,905	3,978	2,339	1,133	908
Total Current Assets	25,778	23,850	17,586	14,413	13,163
Property, Plant & Equipment	764.77	779	361	263	261
Long-Term Investments	5,023	5,220	4,801	4,679	4,797
Goodwill	2,198	1,331	1,537	1,743	1,034
Other Intangible Assets	813.47	156	192	386	144
Long-Term Deferred Tax Assets	2,290	1,638	1,435	1,111	835
Other Long-Term Assets	637.38	2	3	2	-
Total Assets	37,504	32,976	25,915	22,597	20,234
Accounts Payable	1,043	865	783	832	934
Accrued Expenses	153.24	65	30	30	50
Short-Term Debt	4,738	4,428	3,413	2,450	1,850
Current Portion of Long-Term Debt	1,930	1,995	1,635	1,263	994
Current Portion of Leases	-	-	-	-	2
Current Income Taxes Payable	1,932	1,887	1,434	1,344	1,639
Current Unearned Revenue	227.83	-	-	-	-
Other Current Liabilities	10,394	7,612	6,156	4,639	3,455
Total Current Liabilities	20,418	16,852	13,451	10,558	8,924
Long-Term Debt	2,748	3,090	2,314	2,172	1,369
Other Long-Term Liabilities	373.53	315	106	172	123
Total Liabilities	23,540	20,257	15,871	12,902	10,416
Common Stock	2,159	2,125	2,046	2,025	1,944
Additional Paid-In Capital	3,442	3,266	2,567	2,547	2,465
Retained Earnings	7,779	5,972	4,719	4,496	4,899
Treasury Stock	-307.96	-307	-307	-307	-307
Comprehensive Income & Other	227.91	91	159	121	73
Total Common Equity	13,299	11,147	9,184	8,882	9,074
Minority Interest	664.63	1,572	860	813	744
Shareholders' Equity	13,964	12,719	10,044	9,695	9,818
Total Liabilities & Equity	37,504	32,976	25,915	22,597	20,234
Total Debt	9,416	9,513	7,362	5,885	4,215
Net Cash (Debt)	6,272	2,061	750	662	2,627
Net Cash Growth	204.33%	174.80%	13.29%	-74.80%	15.88%
Net Cash Per Share	544.06	179.48	65.77	58.39	230.29
Filing Date Shares Outstanding	11.54	11.51	11.41	11.39	11.25
Total Common Shares Outstanding	11.54	11.51	11.41	11.39	11.24
Working Capital	5,359	6,998	4,135	3,855	4,239
Book Value Per Share	1152.56	968.43	804.68	779.89	807.48
Tangible Book Value	10,288	9,660	7,455	6,753	7,896
Tangible Book Value Per Share	891.56	839.24	653.19	592.95	702.65
Buildings	745.2	-	-	-	-
Machinery	368.69	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.