KeyHolder 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	4,844	5,096	4,110	5,084	4,538	3,607
Cash & Short-Term Investments	4,844	5,096	4,110	5,084	4,538	3,607
Cash Growth	7.41%	23.99%	-19.16%	12.03%	25.81%	6.24%
Accounts Receivable	4,411	5,261	4,636	3,651	3,506	5,284
Receivables	4,411	5,261	4,636	3,651	3,506	5,284
Inventory	680	681	543	386	449	376
Prepaid Expenses	-	385	355	177	127	140
Other Current Assets	1,237	842	776	1,042	977	450
Total Current Assets	11,172	12,265	10,420	10,340	9,597	9,857
Property, Plant & Equipment	20,701	22,004	23,226	937	1,152	1,633
Long-Term Investments	13,928	13,460	13,505	8,828	8,435	9,031
Goodwill	5,915	5,915	5,637	5,218	5,215	5,237
Other Intangible Assets	819	907	1,251	1,572	1,959	1,922
Long-Term Deferred Tax Assets	277	278	233	317	61	19
Other Long-Term Assets	1	1	2	3	3	1
Total Assets	52,813	54,830	54,274	27,215	26,422	27,700
Accounts Payable	4,293	5,212	4,576	3,195	3,077	3,249
Accrued Expenses	-	552	518	289	240	192
Short-Term Debt	1,374	259	317	270	250	750
Current Portion of Long-Term Debt	-	1,022	888	611	595	631
Current Portion of Leases	-	1,665	1,518	550	475	573
Current Income Taxes Payable	113	176	188	25	175	190
Other Current Liabilities	3,388	1,017	807	518	557	1,736
Total Current Liabilities	9,168	9,903	8,812	5,458	5,369	7,321
Long-Term Debt	3,020	3,048	3,123	1,081	1,148	1,749
Long-Term Leases	-	16,359	17,621	665	1,048	1,168
Pension & Post-Retirement Benefits	567	554	455	178	146	256
Long-Term Deferred Tax Liabilities	389	416	478	135	514	589
Other Long-Term Liabilities	16,808	1,801	1,847	179	203	224
Total Liabilities	29,952	32,081	32,336	7,696	8,428	11,307
Common Stock	92	92	92	92	92	6,566
Additional Paid-In Capital	14,201	14,200	14,200	14,667	14,660	8,198
Retained Earnings	8,500	8,371	7,699	5,564	3,645	1,955
Treasury Stock	-133	-133	-132	-440	-94	-29
Comprehensive Income & Other	72	72	73	73	86	78
Total Common Equity	22,732	22,602	21,932	19,956	18,389	16,768
Minority Interest	129	147	6	-437	-395	-375
Shareholders' Equity	22,861	22,749	21,938	19,519	17,994	16,393
Total Liabilities & Equity	52,813	54,830	54,274	27,215	26,422	27,700
Total Debt	4,394	22,353	23,467	3,177	3,516	4,871
Net Cash (Debt)	450	-17,257	-19,357	1,907	1,022	-1,264
Net Cash Growth	158.62%	-	-	86.59%	-	-
Net Cash Per Share	23.91	-917.00	-1029.50	102.05	54.30	-72.67
Filing Date Shares Outstanding	18.82	18.82	18.82	18.82	18.64	18.94
Total Common Shares Outstanding	18.82	18.82	18.82	18.48	18.84	18.94
Working Capital	2,004	2,362	1,608	4,882	4,228	2,536
Book Value Per Share	1207.95	1201.04	1165.41	1080.15	976.24	885.55
Tangible Book Value	15,998	15,780	15,044	13,166	11,215	9,609
Tangible Book Value Per Share	850.12	838.53	799.40	712.63	595.39	507.47