IPS, Inc. (TYO:4390)

IPS, Inc. Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	4,314	3,918	4,234	6,881	5,778	3,625
Cash & Short-Term Investments	4,314	3,918	4,234	6,881	5,778	3,625
Cash Growth	-2.62%	-7.46%	-38.47%	19.09%	59.39%	45.12%
Receivables	17,340	16,696	10,775	5,589	5,301	3,313
Inventory	274	277	229	179	111	73
Other Current Assets	1,634	2,746	2,626	1,621	833	654
Total Current Assets	23,562	23,637	17,864	14,270	12,023	7,665
Property, Plant & Equipment	13,434	12,882	11,565	8,171	3,776	2,510
Long-Term Investments	843	879	801	676	734	664
Goodwill	19	28	38	47	43	-
Other Intangible Assets	3,551	3,978	2,827	1,713	1,678	829
Long-Term Deferred Tax Assets	606	595	393	231	165	91
Long-Term Deferred Charges	25	30	40	19	-	-
Other Long-Term Assets	2	2	1	2	1	3
Total Assets	42,042	42,031	33,529	25,129	18,420	11,762
Accounts Payable	942	1,137	670	1,781	1,032	701
Accrued Expenses	29	35	39	39	16	17
Short-Term Debt	4,550	4,250	2,720	5,726	1,344	-
Current Portion of Long-Term Debt	1,900	1,809	1,867	443	501	518
Current Portion of Leases	-	-	-	-	2	8
Current Income Taxes Payable	1,092	863	780	1,028	2,005	395
Current Unearned Revenue	4,520	4,709	4,076	2,190	2,246	1,267
Other Current Liabilities	4,271	3,944	2,380	1,043	719	455
Total Current Liabilities	17,304	16,747	12,532	12,250	7,865	3,361
Long-Term Debt	3,873	4,010	5,514	760	1,203	1,431
Long-Term Leases	-	-	-	-	-	2
Pension & Post-Retirement Benefits	79	82	69	208	186	181
Other Long-Term Liabilities	261	211	233	49	31	33
Total Liabilities	21,517	21,050	18,348	13,267	9,285	5,008
Common Stock	1,251	1,208	1,145	1,109	1,084	1,067
Additional Paid-In Capital	585	542	753	1,004	1,020	1,003
Retained Earnings	12,575	11,227	9,191	6,791	5,026	3,262
Comprehensive Income & Other	607	2,552	475	713	370	184
Total Common Equity	15,018	15,529	11,564	9,617	7,500	5,516
Minority Interest	5,507	5,452	3,617	2,245	1,635	1,238
Shareholders' Equity	20,525	20,981	15,181	11,862	9,135	6,754
Total Liabilities & Equity	42,042	42,031	33,529	25,129	18,420	11,762
Total Debt	10,323	10,069	10,101	6,929	3,050	1,959
Net Cash (Debt)	-6,009	-6,151	-5,867	-48	2,728	1,666
Net Cash Growth	-	-	-	-	63.74%	6.73%
Net Cash Per Share	-454.18	-466.21	-446.42	-3.67	209.50	127.95
Filing Date Shares Outstanding	13.06	12.97	12.88	12.44	12.41	12.38
Total Common Shares Outstanding	13.02	12.96	12.87	12.44	12.41	12.38
Working Capital	6,258	6,890	5,332	2,020	4,158	4,304
Book Value Per Share	1153.88	1197.96	898.70	773.05	604.35	445.57
Tangible Book Value	11,448	11,523	8,699	7,857	5,779	4,687
Tangible Book Value Per Share	879.58	888.92	676.05	631.57	465.67	378.60

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