KeyHolder 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	5,096	4,110	5,084	4,538	3,607
Cash & Short-Term Investments	5,096	4,110	5,084	4,538	3,607
Cash Growth	23.99%	-19.16%	12.03%	25.81%	6.24%
Accounts Receivable	5,261	4,636	3,651	3,506	5,284
Receivables	5,261	4,636	3,651	3,506	5,284
Inventory	681	543	386	449	376
Prepaid Expenses	-	355	177	127	140
Other Current Assets	1,227	776	1,042	977	450
Total Current Assets	12,265	10,420	10,340	9,597	9,857
Property, Plant & Equipment	22,004	23,226	937	1,152	1,633
Long-Term Investments	13,460	13,505	8,828	8,435	9,031
Goodwill	5,915	5,637	5,218	5,215	5,237
Other Intangible Assets	907	1,251	1,572	1,959	1,922
Long-Term Deferred Tax Assets	278	233	317	61	19
Other Long-Term Assets	1	2	3	3	1
Total Assets	54,830	54,274	27,215	26,422	27,700
Accounts Payable	5,212	4,576	3,195	3,077	3,249
Accrued Expenses	-	518	289	240	192
Short-Term Debt	1,281	317	270	250	750
Current Portion of Long-Term Debt	-	888	611	595	631
Current Portion of Leases	-	1,518	550	475	573
Current Income Taxes Payable	176	188	25	175	190
Other Current Liabilities	3,234	807	518	557	1,736
Total Current Liabilities	9,903	8,812	5,458	5,369	7,321
Long-Term Debt	3,048	3,123	1,081	1,148	1,749
Long-Term Leases	-	17,621	665	1,048	1,168
Pension & Post-Retirement Benefits	463	455	178	146	256
Long-Term Deferred Tax Liabilities	416	478	135	514	589
Other Long-Term Liabilities	18,251	1,847	179	203	224
Total Liabilities	32,081	32,336	7,696	8,428	11,307
Common Stock	92	92	92	92	6,566
Additional Paid-In Capital	14,200	14,200	14,667	14,660	8,198
Retained Earnings	8,371	7,699	5,564	3,645	1,955
Treasury Stock	-133	-132	-440	-94	-29
Comprehensive Income & Other	72	73	73	86	78
Total Common Equity	22,602	21,932	19,956	18,389	16,768
Minority Interest	147	6	-437	-395	-375
Shareholders' Equity	22,749	21,938	19,519	17,994	16,393
Total Liabilities & Equity	54,830	54,274	27,215	26,422	27,700
Total Debt	4,329	23,467	3,177	3,516	4,871
Net Cash (Debt)	767	-19,357	1,907	1,022	-1,264
Net Cash Growth	-	-	86.59%	-	-
Net Cash Per Share	40.76	-1029.50	102.05	54.30	-72.67
Filing Date Shares Outstanding	18.82	18.82	18.82	18.64	18.94
Total Common Shares Outstanding	18.82	18.82	18.48	18.84	18.94
Working Capital	2,362	1,608	4,882	4,228	2,536
Book Value Per Share	1201.04	1165.41	1080.15	976.24	885.55
Tangible Book Value	15,780	15,044	13,166	11,215	9,609
Tangible Book Value Per Share	838.53	799.40	712.63	595.39	507.47

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