Ceres 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	Mar '26 Mar 31, 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	13,952	13,077	11,574	8,112	6,547	6,842
Cash & Short-Term Investments	13,952	13,077	11,574	8,112	6,547	6,842
Cash Growth	25.05%	12.99%	42.68%	23.90%	-4.31%	12.40%
Receivables	7,695	6,108	6,247	6,581	6,273	5,166
Inventory	1,615	1,686	2,051	554	460	247
Other Current Assets	4,750	4,906	3,978	2,339	1,133	908
Total Current Assets	28,012	25,777	23,850	17,586	14,413	13,163
Property, Plant & Equipment	784	764	779	361	263	261
Long-Term Investments	8,028	5,661	5,220	4,801	4,679	4,797
Goodwill	2,127	2,198	1,331	1,537	1,743	1,034
Other Intangible Assets	820	813	156	192	386	144
Long-Term Deferred Tax Assets	-	2,289	1,638	1,435	1,111	835
Other Long-Term Assets	2	2	2	3	2	-
Total Assets	39,773	37,504	32,976	25,915	22,597	20,234
Accounts Payable	1,453	1,042	865	783	832	934
Accrued Expenses	21	100	65	30	30	50
Short-Term Debt	7,065	4,738	4,428	3,413	2,450	1,850
Current Portion of Long-Term Debt	2,057	1,929	1,995	1,635	1,263	994
Current Portion of Leases	-	-	-	-	-	2
Current Income Taxes Payable	828	1,932	1,887	1,434	1,344	1,639
Other Current Liabilities	11,173	10,677	7,612	6,156	4,639	3,455
Total Current Liabilities	22,597	20,418	16,852	13,451	10,558	8,924
Long-Term Debt	2,928	2,748	3,090	2,314	2,172	1,369
Other Long-Term Liabilities	397	376	315	106	172	123
Total Liabilities	25,922	23,542	20,257	15,871	12,902	10,416
Common Stock	2,158	2,158	2,125	2,046	2,025	1,944
Additional Paid-In Capital	3,441	3,441	3,266	2,567	2,547	2,465
Retained Earnings	7,848	7,778	5,972	4,719	4,496	4,899
Treasury Stock	-307	-307	-307	-307	-307	-307
Comprehensive Income & Other	69	228	91	159	121	73
Total Common Equity	13,209	13,298	11,147	9,184	8,882	9,074
Minority Interest	642	664	1,572	860	813	744
Shareholders' Equity	13,851	13,962	12,719	10,044	9,695	9,818
Total Liabilities & Equity	39,773	37,504	32,976	25,915	22,597	20,234
Total Debt	12,050	9,415	9,513	7,362	5,885	4,215
Net Cash (Debt)	1,902	3,662	2,061	750	662	2,627
Net Cash Growth	75.62%	77.68%	174.80%	13.29%	-74.80%	15.88%
Net Cash Per Share	164.88	317.64	179.48	65.77	58.39	230.29
Filing Date Shares Outstanding	11.54	11.54	11.51	11.41	11.39	11.25
Total Common Shares Outstanding	11.54	11.54	11.51	11.41	11.39	11.24
Working Capital	5,415	5,359	6,998	4,135	3,855	4,239
Book Value Per Share	1144.78	1152.44	968.43	804.68	779.89	807.48
Tangible Book Value	10,262	10,287	9,660	7,455	6,753	7,896
Tangible Book Value Per Share	889.37	891.50	839.24	653.19	592.95	702.65

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