IPS, Inc. Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	3,285	3,918	4,234	6,881	5,778	3,625
Cash & Short-Term Investments	3,285	3,918	4,234	6,881	5,778	3,625
Cash Growth	-3.10%	-7.46%	-38.47%	19.09%	59.39%	45.12%
Receivables	19,137	16,696	10,775	5,589	5,301	3,313
Inventory	271	277	229	179	111	73
Other Current Assets	1,553	2,746	2,626	1,621	833	654
Total Current Assets	24,246	23,637	17,864	14,270	12,023	7,665
Property, Plant & Equipment	15,256	12,882	11,565	8,171	3,776	2,510
Long-Term Investments	108	879	801	676	734	664
Goodwill	16	28	38	47	43	-
Other Intangible Assets	3,452	3,978	2,827	1,713	1,678	829
Long-Term Deferred Tax Assets	623	595	393	231	165	91
Long-Term Deferred Charges	-	30	40	19	-	-
Other Long-Term Assets	787	2	1	2	1	3
Total Assets	44,488	42,031	33,529	25,129	18,420	11,762
Accounts Payable	1,436	1,137	670	1,781	1,032	701
Accrued Expenses	25	35	39	39	16	17
Short-Term Debt	4,730	4,250	2,720	5,726	1,344	-
Current Portion of Long-Term Debt	2,021	1,809	1,867	443	501	518
Current Portion of Leases	-	-	-	-	2	8
Current Income Taxes Payable	224	863	780	1,028	2,005	395
Current Unearned Revenue	-	4,709	4,076	2,190	2,246	1,267
Other Current Liabilities	9,484	3,944	2,380	1,043	719	455
Total Current Liabilities	17,920	16,747	12,532	12,250	7,865	3,361
Long-Term Debt	4,465	4,010	5,514	760	1,203	1,431
Long-Term Leases	-	-	-	-	-	2
Pension & Post-Retirement Benefits	76	82	69	208	186	181
Other Long-Term Liabilities	213	211	233	49	31	33
Total Liabilities	22,674	21,050	18,348	13,267	9,285	5,008
Common Stock	1,293	1,208	1,145	1,109	1,084	1,067
Additional Paid-In Capital	626	542	753	1,004	1,020	1,003
Retained Earnings	13,484	11,227	9,191	6,791	5,026	3,262
Comprehensive Income & Other	655	2,552	475	713	370	184
Total Common Equity	16,058	15,529	11,564	9,617	7,500	5,516
Minority Interest	5,756	5,452	3,617	2,245	1,635	1,238
Shareholders' Equity	21,814	20,981	15,181	11,862	9,135	6,754
Total Liabilities & Equity	44,488	42,031	33,529	25,129	18,420	11,762
Total Debt	11,216	10,069	10,101	6,929	3,050	1,959
Net Cash (Debt)	-7,931	-6,151	-5,867	-48	2,728	1,666
Net Cash Growth	-	-	-	-	63.74%	6.73%
Net Cash Per Share	-597.79	-466.21	-446.42	-3.67	209.50	127.95
Filing Date Shares Outstanding	13.07	12.97	12.88	12.44	12.41	12.38
Total Common Shares Outstanding	13.07	12.96	12.87	12.44	12.41	12.38
Working Capital	6,326	6,890	5,332	2,020	4,158	4,304
Book Value Per Share	1228.97	1197.96	898.70	773.05	604.35	445.57
Tangible Book Value	12,590	11,523	8,699	7,857	5,779	4,687
Tangible Book Value Per Share	963.55	888.92	676.05	631.57	465.67	378.60

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